Global Farm Tire Market is Driven by Rise in the Number of Agricultural Activities

Farm Tire Market Is estimated to grow at a CAGR of 11.50% for 2021 to 2028 with factors such as, increasing prevalence of favourable trade policies along with rapid urbanization, creating opportunities in the market in the above mentioned forecasted period.

However, volatility in the prices of raw material along with government promoting sustainable farming practices to reduce harmful environmental impacts of various agricultural practices are the major factors restraining the market growth.

Farm Tire Market Scenario

According to Data Bridge Market Research farm tire market is witnessing a significant growth in developed economies during the forecast period of 2021-2028 due to factors such as, rising demand of food, growing awareness among farmers over the adoption of advanced farming techniques over traditional farming, rising demand for agricultural machinery from emerging economies, increasing penetration of farm vehicles in agriculture industry, increasing adoption of advanced technologies by farmers to increase agricultural yield driving the market swiftly.

Farm tire market has shown an exceptional penetration in developed economies in North America due to increasing growth of the agriculture industry, along with upgradation in farming equipment in the region.

Now the question is which are the other regions farm tire market is targeting? Data Bridge Market Research has estimated a large growth in Asia-Pacific farm tire market be their next revenue pockets for 2020. The Data bridge market research new reports highlight the major growth factors and opportunities in the height control valve (HCV) suspension system market.

For more analysis on the farm tire market request for a briefing with our analysts.

Scope of the Farm Tire Market

Farm tire market is segmented on the basis of countries into U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

  • All country based analysis of farm tire market is further analyzed based on maximum granularity into further segmentation. Farm tire market on the basis of product has been segmented as radial tire, bias tire, municipal tires, implement cross ply tires, and other products. Based on pressure, the farm tire market has been segmented into high pressure, low pressure, extra and low pressure. On the basis of horsepower, the farm tire market has been segmented into 0-80 HP, and 81-200 HP. On the basis of application, the farm tire market has been segmented into harvesters, tractors, loaders, drill, forestry, irrigation, implements, and other applications. Farm tire has also been segmented on the basis of distribution channel into original equipment's manufacturers (OEMs), and aftermarket.
  • Farm tires also known as agricultural tires are used in different agriculture vehicles and equipment such as tractors, harvesters, and sowers. A major increase in crop yield was achieved by the use of advanced equipment in agriculture. Therefore, growers and farmers are gradually making use of agricultural vehicles and agricultural machinery.

To know more about the study

Key Pointers Covered in Farm Tire Market and Forecast to 2028

  • Market Size
  •  Market New Sales Volumes
  •  Market Replacement Sales Volumes
  •  Market By Brands
  •  Market Procedure Volumes
  •  Market Product Price Analysis
  • Market Regulatory Framework and Changes
  •  Market Shares in Different Regions
  •  Recent Developments for Market Competitors
  •  Market Upcoming Applications
  •  Market Innovators Study

Key Market Competitors Covered in the report

  • Balkrishna Industries Limited (BKT)
  • Bridgestone
  • Continental AG
  • Sumitomo Rubber Industries, Ltd.
  • Titan International, Inc.
  • Trelleborg Wheel Systems Czech Republic a.s
  • TBC Corporation
  • Apollo Tyres
  • Hankook Tire & Technology Co., Ltd
  • MRF
  • CEAT Ltd
  • The Carlstar Group, LLC.
  • Specialty Tires of America, Inc.
  • YOHT
  • Superking Manufacturers (Tyre) Pvt. Ltd
  • Trelleborg AB
  • Asian Tire Factory Limited
  • MRL Tyres Limited

Above are the key players covered in the report, to know about more and exhaustive list of farm tire market companies, contact us.

Research Methodology: Farm Tire Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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