Albany, NY -- (SBWIRE) -- 10/09/2018 -- Incessant rise in population all across the world has pressurized the food and beverage industry as they are failing to meet the demand. This have made farmers to uptake mechanized farming route. High usages of harvesters and tractors are expected to fuel the growth of global agriculture, reports MarketResearchReports.biz.

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Agriculture tires which have lower inflation pressure that aids in reducing soil compaction along with better handling in terrain. One of the major reason driving the market is the rise in population which is forcing farmers to yield more crops in order to satisfy ever increasing demand. In order to produce more crops, farmers are taking help of tractors and harvesters, as they promise to do work on field more efficiently. Integration of various features in tractors and harvesters have attracted the attention of farmers, which in turn has fostered the growth of market. Another factor helping the market is rise in government subsidies to help farmers. Numerous policies declared by government which mainly consists of aiding farmers with credits for purchasing farm machineries have augmented market growth. Apart from these, government are spending money behind research and development in order to procure better design.

The global agriculture tires market is segregated on the basis of type, sales channel, application, and geography. On the basis of tire the market can be divided into bias ply tires and radial ply tires. Radial tires holds the major share owing to lower pressure along with better ride ability. However, bias ply tires are gaining popularity as they are inexpensive and lasts longer. On the basis of application the market can be bifurcated into six segment of which combined harvesters and tractors holds the leading share. On the basis of sales, the agricultural tires market can be split into aftermarkets and OEMs, of which OEMs are the main user of agriculture tires.

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On the basis of geography, the market is spread across, Asia Pacific, Middle East & Africa, Latin America, Europe, and North America. Amongst the pack, Europe and North America dominates the market owing to rapid adoption of advanced technologies. On the other hand, Asia Pacific is prophesized to hold a larger share in the market attributed to the presence of rubber and tire industry along with increasing government initiatives to help farmers.

Some of the major players in the market are Comar Tyre & Rubber Industrial Co., Ltd, CEAT Tyres, Apollo Tyres, and Bridgestone Corporation.

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