Agriculture Tire Market: by Sales Channel (OEM and Replacement), by Application (Tractors, Harvesters, Sprayers, and Others), by Product Type (Radial and Bias), and by Region – Global Industry Sizing, Growth, Trend, Opportunity, and Forecast (2020–2025)
The global agriculture tire market report covers a thorough analysis of the market dynamics, business models, segmental/regional analysis, and respective market shares and strategies adopted by the key market players operating globally. It entails an in-depth analysis of the factors influencing the global market and market statistics indicating region-wise and segment-wise market share/growth analysis. The report's study will outlook one of the most exhaustive analyses of the market, capturing all the aspects of the global agriculture tire industry.
The global agriculture tire market size is USD 5.6 billion in 2019 and is expected to register a CAGR of 4.67% during the forecast period, 2020-2025. The agriculture tires have a superior quality, which enhances the agriculture machinery performance. Also, the increase in the use of agriculture machinery reduces wastage and raises productivity in the agriculture field. Such a factor is the major trend in the global agriculture tire industry.
The Covid-19 pandemic has disrupted the manufacturing houses' market to work under the safety guidelines, which makes production slow & most of the manufacturing houses as been temporarily shut down. The global supply chain during the pandemic is disturbed, which gives opportunities to the local players. The developing countries have also seen a dip in agriculture tire's consumption due to this pandemic.
The report outlines the agriculture tire market study based on sales channel, application, and product type.
Global Agriculture Tire Market, by Sales Channel –
Global Agriculture Tire Market, by Application –
Global Agriculture Tire Market, by Product Type –
The global agriculture tire market has been segmented into five geographical regions, namely, North America, Asia Pacific, South America, Europe, and the Middle East and Africa. In 2019, Asia Pacific held the largest share in the global agriculture tire market, followed by North America and Europe. Europe market is the fastest-growing market in demand for the agriculture tire during the forecast period due to the growth in mechanization rate, boosting tractors' usage. Moreover, the presence of crucial developed agriculture economies such as Germany, the UK, Italy, France, and Turkey are expected to be significant contributors to the region's growth in the global agriculture tire market in the coming years.
Manufacturing companies in the global agriculture tire market are expected to benefit from forming strategic partnerships and collaborations with global players involved in the agriculture tire industry. Major agriculture tire manufacturers in the global market include
The global agriculture tire market report provides a thorough analysis of macro-economic factors and every segment's market attractiveness. The report will include an in-depth qualitative and quantitative assessment of segmental/regional outlook with the market players' presence in the respective segment and region/country. The information concluded in the report includes the inputs.
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