Farm Tire Market Projected To Reach USD 11,801.4 Million By 2030
San Francisco, 29 June 2023: The Report Farm Tire Market Size, Share & Trends Analysis Report By Product (Bias, Radial), By Application (Tractors, Harvesters), By Distribution (OEM, Aftermarket), By Region, And Segment Forecasts, 2023 - 2030 The global farm tire market size is expected to reach USD 11,801.4 million by 2030, registering a CAGR of 5.5% over the forecast period, according to a new report by Grand View Research, Inc. The growing demand for tractors and harvesters in farming activities in developed as well as developing economies is anticipated to benefit the growth of the market over the forecast period. The demand for farm tires in agricultural vehicles is expected to witness significant growth owing to the increasing penetration of vehicles in the agricultural sector. In addition, rising awareness among farmers related to the up-gradation in automotive technology and the use of automated equipment is expected to boost the market growth. Increasing demand for foo