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Global Agriculture Tire Market to Grow at a CAGR of 4.22% During the Period 2016 - 2020; Finds New Report

Market Research Reports, Inc. has announced the addition of “Global Agriculture Tire Market 2016 - 2020” research report to their website


Lewes, DE -- (SBWIRE) -- 01/27/2016 -- Report forecast the global agriculture tire market to grow at a CAGR of 4.22% during the period 2016-2020.

Agriculture tires are designed for specific vehicles and equipment used in farms, including tractors, sowers, and harvesters. The use of advanced equipment has resulted in significant improvements on crop yield and more use of automation in farms.

The report covers the present scenario and the growth prospects of the global agriculture tire market for 2016-2020. To calculate the market size, the report considers the total production of agriculture tires for OEMs and replacement sales.

The market is divided into the following segments based on application:
- Tractor tires
- Other tires

According to the report, the rising demand for agriculture equipment owing to increased adoption of modern farming techniques and use of genetically modified crops is driving market growth. With growing focus on increasing agricultural yield, farmers are using advanced agricultural equipment such as combines, sprayers grain harvesters, hay forage, tillers, cutters, and shredders among others. As farmers adopt modern equipment for agricultural activities, the need for different types of tires with different specifications is expected to increase rapidly. This is fueling demand for agriculture tires.

Further, the report states that re-treading is now a critical part of the aftermarket segment. Re-treading is gaining popularity globally, and currently more than half of the tires in the replacement market are re-treaded.

Global Agriculture Tire Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the Global Agriculture Tire Market: ATG Tires, BKT Tires, Bridgestone, Mitas and Titan International.

Other Prominent Vendors in the market are: Armour Tires, Carlisle, Harvest King, and Trelleborg.

Market driver
- Revival in global demand for agricultural equipment
- For a full, detailed list, view our report

Market challenge
- Growing market for re-treading
- For a full, detailed list, view our report

Market trend
- Exploration of new sales channels
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2020 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?

Spanning over 82 pages and 44 Exhibit "Global Agriculture Tire Market 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market Overview, Market Landscape, Market overview, Five forces analysis, Market segmentation by application, Market segmentation by placement, Market segmentation by end-market, Geographical segmentation, Key leading countries, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.

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