The global market for farm tire is slated to expand at a steady 6.2% CAGR during the period between 2017 and 2025, finds a report by TMR. Rising at this rate, the volume in the market which was about 14,843.5 thousand units in 2016 will become 25,391.4 thousand units by 2025-end.
Albany, NY -- (SBWIRE) -- 10/05/2017 -- Global Farm Tire Market: Overview
This report on the global 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 global farm tire market growth during the said period.
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Technologies that are playing a major role in driving the global 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 (in US$ Mn) and volume estimates (in thousand units), across different geographies.
The report also includes key industrial developments in the farm tire market. Porter's Five Forces analysis which identifies bargaining power of supplier, bargaining power of buyer, threat from new entrant, threat from substitute and threat from competition in farm tire market is also included in the report. Ecosystem analysis which identifies key stake holders in the farm tire market is also covered in the report. Furthermore, key market indicators that are indirectly driving the farm tire market are also included in the report.
Segment trends and regional trends have also been added in farm tire market report. The report also covers segment wise comparison matrix, market attractiveness analysis and market positioning of key players for all regions covered in the scope of study.
Comparison matrix includes segment growth matrix, 2017 - 2025 (%), segment volume contribution, 2017 - 2025 (%), and segment compounded growth matrix (CAGR %). Market attractiveness identifies and compares segment's attractiveness in the market on the basis of CAGR and market share index across North America, Europe, Asia Pacific, Middle East & Africa (MEA), and South America.
Global Farm Tire Market: Segmentation
The farm tire market has been segmented on the basis of tire type, application, equipment horse power and geography. Based on tire type, the market has been further classified into bias and radial. By application, the farm tire market is classified into tractors, harvesters, and others. The others segment comprises of combines, sprayers and trailers among others. On the basis of equipment horse power, the farm tire market is classified into 0-80 HP and 81-200 HP.
Geographically, the report classifies the global farm tire market into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America; the regions are analyzed in terms of revenue and volume generation. Furthermore, region wise prominent countries covered in the report include the following - U.S, Canada, U.K., Germany, France, China, Australia, New Zealand, Taiwan, Malaysia, Indonesia, GCC countries, South Africa and Brazil.
Global Farm Tire Market: Competitive Analysis
The report also includes competition landscape which includes competition matrix, market share analysis of major players in the global farm tire market based on their 2016 revenues and profiles of major players. Competition matrix benchmarks leading players on the basis of their capabilities and potential to grow. Factors including market position, offerings and R&D focus are attributed to company's capabilities. Factors including 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 of the farm tire market across the world.
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Company profiling includes company overview, major business strategies adopted, SWOT analysis and market revenues for year 2014 to 2016. The global players profiled in the global farm tire market include Balkrishna Industries Limited (BKT), Bridgestone Corporation, Continental AG, The Goodyear Tire & Rubber Company, Michelin, Mitas Tires Global Inc., TBC Corp., Titan International, Sumitomo Rubber Industries Ltd., and Pirelli & C. S.P.A.
The global farm tire market is segmented as below:
Global Farm Tire Market, By Tire Type
Global Farm Tire Market, By Application
Others (Combines, Sprayers, Trailers etc.)
Global Farm Tire Market, By Equipment Horse Power
Global Farm Tire Market, By Geography
Rest of North America
Rest of Europe
Asia Pacific (APAC)
Rest of APAC
Middle East and Africa (MEA)
Rest of MEA
Rest of South America
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