Farm Tire Market (Tire Type - Bias and Radial; Application - Tractors and Harvesters) - North America Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025
Albany, NY -- (SBWIRE) -- 07/18/2017 -- Global Farm Tire Market: Overview
This report is on North America farm tire market provides analysis for the period 2015–2025, wherein 2016 is the base year and the period from 2017 to 2025 is the forecast period. Data for 2015 has been included as historical information. The report covers market dynamics including drivers, restraints opportunities, and trends expected to influence the North America farm tire market growth during the said period. Factors that are playing a major role in driving the North America farm tire market have also been covered in the study.
The study provides a comprehensive analysis on market growth throughout the above forecast period in terms of revenue estimates (US$ Mn) and volume estimates (thousand Units), across the U.S. and Canada. Farm tires are a sub-segment of specialty tires that are used by vehicles and machines used for farm activities. Sprayers, tractors, trailers, and harvesters are a few examples of farm machinery that use farm tires. The Farm Tire market is anticipated to witness nominal growth during the forecast period from 2017 to 2025 owing to the factors such as decline in farm output, unfavorable climatic conditions and changing government regulations in the North America region. Increasing demand for food and rise in farm mechanization are some of the factors that are anticipated to drive the growth of North America farm tires market. The market is going to surge due to the rising demand for tractors in the agricultural sector. Presently there is increase in adoption of hobby farming especially in the U.S. and this is expected to positively impact the farm tires market during the years from 2017 -2025.
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Global Farm Tire Market: Segmentation
The Farm Tire market has been segmented on the basis of tire types and applications. On the basis of tire types, the farm tire market is segmented into bias and radial tires. Furthermore, application segment has been divided into tractors, harvesters and others (combines, trailers, sprayers, etc.).
The North America region wise prominent countries covered in the scope of the study includes - the U.S and Canada.
Global Farm Tire Market: Scope of the Report
The report covers key developments which provides the historic development in the farm tire market. The report also covers segment wise analysis in terms of revenue and volume, comparison matrix, porters five force analysis, market attractiveness analysis which identifies and compares segments on the basis of CAGR and market share index and provides market positioning of the companies playing important role in the farm tire market.
The report also includes comparison matrix which provides the analysis of the segment growth matrix (%), segment revenue contribution from 2017 - 2025 (%), and segment compounded growth matrix (CAGR) This report shows market attractiveness analysis for all the segments and for all the regions in the scope of study which identifies and compares segments market attractiveness on the basis of CAGR and market share index.
Global Farm Tire Market: Competitive Landscape
The report also includes competition landscape which include competition matrix. In these market the company playing major role has been included which provides company description, SWOT analysis, financial data and strategy adopted by companies for the development of company. Competition matrix benchmarks leading players on the basis of their capabilities and potential to grow however, factors including market position, offerings and R&D focus are attributed to company's capabilities, top line growth, market share, segment growth, infrastructure facilities and future outlook are attributed to company's potential to grow. This section also identifies and includes various recent developments carried out by the leading players in the farm tire market.
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The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: North America market, types, and applications
The key players profiled in the North America Farm Tire market includes BKT Tires USA Inc., Bridgestone Corporation, Continental AG, The Goodyear Tire & Rubber Company, Michelin, Mitas Tires Global Inc., TBC Corp., and Titan International