Agricultural Tire Market Size, Share & Trends Analysis Report by Type, By Region, And Segment Forecasts, 2021 - 2027

Latest released, the research study on Global Agricultural Tire Market Research Report 2021, report comprises growth rate, size, analysis by type, market segment by Application, market competition by manufacturers, share by region, manufacturing cost analysis, Also, the Agricultural Tire Market offers market breakdown, competitive situation and trends, key raw materials analysis, dynamics, forecast by type, by application and revenue estimates with covid-19 impact till 2027.

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The Agricultural Tire Market is expected to register a CAGR of 5.6% over the forecast period 2021 – 2027.

The study covers competitive landscape of top manufacturers are: 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

Recent Developments:

Delta has acquired 2 companies. It has also divested 1 asset.

Join Mergr and gain access to Delta’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the airlines sector.

Compagnie Generale des Etablissements Michelin has acquired 19 companies, including 12 in the last 5 years. A total of 2 acquisitions came from private equity firms.

Join Mergr and gain access to Compagnie Generale des Etablissements Michelin’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the automotive sector.

Global Agricultural Tire Market Segmentation:

Segmentation By Type:

Radial Agriculture Tires

Bias (Crossply) Agriculture Tires

Segmentation By Application:

Tractors tyres

Harvester tyres

Sprayer tyres

Trailer tyres

Others

Market Overview:

Growing food demand is one of the prime reasons for the increased need for mechanization within the Agricultural sector. Tires play an essential role in the performance of the agricultural machines, and hence the demand for agrarian ties are increasing. However, Tires are hazardous to the environment as they are not biodegradable. They contribute to landfill waste and although are classified as municipal solid waste rather than hazardous waste by Environmental Protection Agency (EPA). Tires release toxins, and the oils it can contaminate the soil and groundwater. Further, solvents or volatile organic compounds (VOC) are used to produce heavy and treads for improving the adhesion of the tires, in which the process release the maximum number of emissions into the air. The hazardous nature of agricultural tires might hamper market growth shortly.

Regional Analysis:

Increasing Demand in the United States Despite Falling Farm Income

The agricultural tires market in the US is projected to grow at a CAGR of 5.36 % during the forecast period.

The US agricultural sector has witnessed steady growth, with marginal production loss due to the COVID-19 pandemic. However, in 2019, trade tensions, coupled with bad weather hampered planting and harvesting throughout the country. As per the latest data released by the US Department of Agriculture, agricultural exports in 2020 accounted for USD 135.87 billion, while the agricultural imports amounted to USD 133.22 billion.

The US Department of Agriculture projects the country’s agricultural exports to amount to USD 152 billion during FY2021, driven by higher soybean and corn exports.

The Agricultural Tire Market research offers an in-depth analysis of market growth and other factors in key nations (regions), including:

-              North America (United States, Canada and Mexico)

-              Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

-              Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

-              South America (Brazil, Argentina, Colombia, and Rest of South America)

-              Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

Report Link:

https://www.marketintelligencedata.com/reports/550023/global-agricultural-tire-market-insights-and-forecast-to-2027?Mode=kalyani

Highlights of Agricultural Tire Market report:

A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market

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Table of Contents:

Global Agricultural Tire Market Research Report 2021

Chapter 1 - Market Overview

Chapter 2 - Industry's Global Economic Impact

Chapter 3 - Manufacturers' Global Market Competition

Chapter 4 - Revenue (Value) by Region for Global Productions

Chapter 5 - By Regions: Global Provisions (Production), Consumption, Export, and Import

Chapter 6 - Productions in the World, Revenue (Value), and Price Trends by Type

Chapter 7- Global Market Analysis by Application

Chapter 8 - Manufacturing Cost Analysis

Chapter 9 - Industrial Chain, Sourcing plan and Downstream Buyers

Chapter 10 - Marketing Strategy Analysis, Distributors/Traders

Chapter 11- Market Effect Factors Analysis

Chapter 12- Global Agricultural Tire Market Forecast

Customization:

The Global Agricultural Tire Market research may be customized to match your unique company requirements. We offer free 25 percent customization for any of our Market Intelligence Data reports to all of our clients since we understand what they want.

Impact of Covid-19:

The influence of COVID-19 on market growth is considered in the research. The effect of the COVID-19 epidemic on the Agricultural Tire Market and its major segments is enclosed in depth in this report. It also addresses the pandemic's present and future consequences, as well as a post-COVID-19 scenario to provide for a more in-depth knowledge of dynamic changes in the market.

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This release was published on openPR.