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Agriculture Tires Market Expected to Grow Strong Through 2027
2 months ago
2 min read

Agriculture Tires Market Expected to Grow Strong Through 2027

The Agriculture Tires Market is segmented by Application Type (Tractors, Harvesters, and Others), Tire Type (Radial Tires and Bias Tires), End-User Type (OE and Aftermarket), and Region (North America [The USA, Canada, and Mexico], Europe [Germany, France, The UK, Turkey, Russia, and Rest of Europe], Asia-Pacific [China, Japan, India, and Rest of Asia-Pacific], and Rest of the World [Brazil, South Africa, and Others]).

Application Trends

The market is segmented as tractors, harvesters, and others. The tractor is expected to remain the most dominant as well as the fastest-growing application type for the market and it held a revenue share of more than 75% in 2021.

Tractors have a larger fleet than other farm machinery, and modifications in tractors have resulted in compatibility with the most recent farming equipment, leading to increased market usage. China and India account for a sizable share of the global tractors market. Tractors are used for a variety of tasks, including irrigation, harvesting, and spreading fertilizer, which necessitates the use of more specialized tires with larger rim sizes.

Tire Trends

The market is segmented as radial tires and bias tires. Bias tires are expected to be the larger segment, whereas radial tires are anticipated to be the faster-growing tire type in the market and they held a revenue share of more than 75% in 2021.

Radial tires are compatible with low pressure and provide significantly greater rideability than bias tires. Because of their higher strength and flexibility, radial tires can absorb shocks, collisions, and bumps better than bias tires. Puncture resistance is improved with radial tires. Radial tires have seen a significant increase in demand as a result of these considerations.

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

The following are the key features of the report:

  • Overview, industry life cycle analysis, supply chain analysis.

  • Environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.

  • Trend and forecast analysis.

  • Segment trend and forecast.

  • Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc.

  • Attractive market segments and associated growth opportunities.

  • Emerging trends.

  • Strategic growth opportunities for the existing and new players.

  • Key success factors.

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