Press release
Growth and Challenges for Agriculture Tires Market 2019-2024: Michelin, Bridgestone, Titan International, Pirelli, Trelleborg, AGT, BKT, Mitas, Sumitomo, Nokian, Harvest King
Agriculture tires generally refer to tires equipped on agricultural machinery and vehicles. As the working conditions are different, the features and specifications of agriculture tires are not same to tires for common vehicles.Scope of the Report:
Globally, the agriculture tires market is not that concentrated as the manufacturing technology of agriculture tires is relatively higher than some light tires. Some enterprises are well-known for the wonderful performance of their agriculture tires and related services. At the same time, some countries such as Germany, UK and USA are remarkable in the global agriculture tires industry because of their market share and technology status of agriculture tires.
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The consumption volume of agriculture tires is related to downstream industries and global economy. As there will always be some uncertain in the global economy in the following years, the growth rate of agriculture tires industry may not keep that fast. But it is surely forecasted that the market of agriculture tires is still promising.
The product average Price declined in the past few years due to the market competition and the average price will keep the trend in the few future years due to most of the manufacturers will enter the developing countries such as China.
Although the market competition of agriculture tires is fierce globally, there are many enterprises can obtain considerable profit form the manufacturing and marketing of agriculture tires and that is the reason that we believe there will also be enterprises enter this market. But it is suggested that enterprises those have plans to enter this industry have careful analysis of this market and the advantages or disadvantages of themselves.
The worldwide market for Agriculture Tires is expected to grow at a CAGR of roughly -0.3% over the next five years, will reach 4350 million US$ in 2024, from 4420 million US$ in 2019, according to a new WMR study.
This report focuses on the Agriculture Tires in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
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Market Segment by Manufacturers, this report covers Michelin, Bridgestone, Titan International, Pirelli, Trelleborg, AGT, BKT, Mitas, Sumitomo, Nokian, Harvest King, J.K. Tyre, Carlisle, Specialty Tires, Delta, CEAT, Xugong Tyres, Taishan Tyre, Shandong Zhentai, Double Coin.
Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type: Radial Agriculture Tires, Bias (Crossply) Agriculture Tires
Market Segment by Applications: Tractors tyres, Harvester tyres, Sprayer tyres, Trailer tyres
Report contents include
• Analysis of the agriculture tire market including revenues, future growth, market outlook
• Historical data and forecast
• Regional analysis including growth estimates
• Analyzes the end user markets including growth estimates.
• Profiles on agriculture tire including products, sales/revenues, and market position
• Market structure, market drivers and restraints.
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About WMR
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