Albany, NY -- (SBWIRE) -- 04/18/2016 -- Tires are an integral component of automobiles and are manufactured using raw materials such as natural rubber, nylon tire cord fabric, and carbon black. Rubber chemicals and synthetic rubber, including styrene-butadiene rubber and poly-butadiene rubber, are also used in manufacturing tires. Agriculture tires are used in different agriculture vehicles and equipment such as tractors, sowers, and harvesters. The use of advanced equipment has had a significant improvement on crop yield and, hence, is leading to cultivators and farmers increasingly using agriculture vehicles and equipment.

The agriculture tires market in Europe to grow at a CAGR of 1.47% over the period 2015-2019. The agriculture tires market in Europe is one of the largest agriculture tires market in the world. Almost all the nations of the EU have been reeling under the negative effects of eurozone crisis. This has largely affected even the most developed economies of Europe such as Germany and France. About half of the population in the EU lives in rural areas, showing the importance of the level of farm mechanization in Europe. The sales of tractors in Europe declined in 2012 compared to 2011. While there was a correction observed in 2013, the market declined in 2014 again. The sales of agriculture tires are directly related to the sales of agriculture equipment.

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Covered in this report

- The report covers the present scenario and the growth prospects of the agriculture tires market in Europe for the period 2015-2019.

- Technavio's report, the Agriculture Tires Market in Europe 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. It covers the landscape of the agriculture tires market in Europe and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

Key vendors
- Apollo Vredestein
- Bridgestone Europe
- BRISA Bridgestone Sabanci Tire Manufacturing and Trading
- Michelin
- Mitas
- Pirelli & C

Other prominent vendors
- Alliance Tire Group
- Armour Tires (Xuzhou Xugong Tyres)
- Balkrishna Industries
- Carlisle Companies
- Titan International
- Trelleborg

Key market driver
- Common agriculture policy
- For a full, detailed list, view our report

Key market challenge
- Increase in agriculture tire sizes
- For a full, detailed list, view our report

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Key questions answered in this report :-

- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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