Growing agriculture industry, increasing sales of agriculture vehicles coupled with constantly expanding agriculture vehicle fleet to boost global agriculture tire market through 2024
to TechSci Research report, “Global
Agriculture Tire MarketBy Vehicle Type, By Demand Category, By
Region, Competition Forecast & Opportunities, 2014–2024”, global agriculture tire market is forecast
to reach around $ 7.5 billion by 2024, on account of rising agriculture vehicle
sales and expanding agriculture vehicle fleet size. In 2018, tractor agriculture
tire segment dominated global agriculture tire market, followed by trailers and
combine harvesters vehicle tires. Tractor tire segment is anticipated to
continue its dominance in the market during forecast period as well owing to
expanding fleet size of tractors, especially in developing countries.
Figures spread through215 Pages and an in-depth TOC on“Global
Agriculture Tire Market”
the regional markets, global agriculture tire is dominated by Asia-Pacific.
With a volume share of more than 60% in 2018, Asia-Pacific region is
anticipated to continue its dominance in the coming years as well. The second
largest regional market for agriculture tires is Europe & CIS, followed by North
America, South America, and Middle East & Africa. Over the last few years, presence
of various multinational companies like Compagnie
Générale des Établissements Michelin (CGEM), Titan Tire Corporation, Trelleborg
AB, Balkrishna Industries Limited, Pirelli & C. S.p.A., etc., has intensified
the competition in global agriculture tire market. Moreover,
widespread presence of well-established network of dealers and distributors is expected
to further increase the market share of the above-mentioned tire companies in
the coming years.
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the past few years, global agriculture tire industry has witnessed a considerable
increase in demand for agriculture vehicles due to increasing focus of the
governments on strengthening the agriculture sector, especially in agrarian
nations, which has resulted in rising agriculture tire sales. This trend is
expected to prevail in the coming years as well owing to continuous growth in agriculture
vehicles production and demand, especially in developing economies across the
globe. Moreover, increasing demand for high flexion tractor tires and VF
sprayer tires due to their extreme load carrying capacity would further steer
growth in agriculture tire market.” said Mr. Karan Chechi, Research Director
with TechSci Research, a research based global management consulting firm.
“Global Agriculture Tire Market By Vehicle Type, By Demand Category, By Region, Competition Forecast & Opportunities, 2014–2024” has analyzed the potential of global agriculture tire market, and provides statistics and information on market size, share and trends. The report will suffice in providing the intending clients with cutting-edge market intelligence and help them in taking sound investment decisions. Besides, the report also identifies and analyzes emerging trends along with essential drivers and key challenges faced by global agriculture tire market.
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