Agriculture Tires - Global Market Outlook (2019-2027)
According to Stratistics MRC, the Global Agriculture Tires Market is accounted for $5.20 billion in 2019 and is expected to reach $8.73 billion by 2027 growing at a CAGR of 6.7% during the forecast period. Some of the key factors propelling the growth of the market are increasing agricultural activities, growing mechanization in agriculture, and rising population. However, fluctuation in the prices of raw material is the restraining factor for the growth of the market.
Tires are the components of a vehicle which comes in direct contact with the road. Agriculture tires are found in tractors, harvesters and so on which are used in various agricultural activities. They range in functionality and have specific roles for a variety of jobs.
By type, the replacement/aftermarket tires segment is expected to grow at a significant market share during the forecast period due to the requirement for periodic replacement coupled with the cost-effectiveness of such tires. Based on geography, Asia Pacific is anticipated to hold considerable market share during the forecast period which is attributed to the availability of raw material, cheap labour, and high domestic demand.
Some of the key players profiled in the Agriculture Tires Market include Trelleborg Wheel Systems S.p.A., Titan International, Inc., Sumitomo Rubber Industries Ltd., Mitas, MICHELIN, Continental AG, China National Rubber Tire Co., Bridgestone Corporation, Balkrishna Industries Limited (BKT), Pirelli & C. S.p.A., Carlisle Companies Incorp., and McCreary Tire and Rubber Co.
Construction Types Covered:
• Radial Agriculture Tires
• Bias (Crossply) Agriculture Tires
• Front Tires
• Rear Tires
Equipment Horsepower’s Covered:
• 81-200 HP
• 0-80 HP
• Original Equipment Manufacturer (OEM)/Original Equipment Tires
• Replacement/Aftermarket Tires
• Self-Propelled Sprayers
• Combine Harvester
• Compact Line
• Other Applications
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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