Bridgestone, Michelin, and Titan International to Lead Global Agricultural Tractor Tires Market

Agricultural tractor tires are responsible for transmitting power from the tractor to the field. The demand for agricultural tractor tires is strongly correlated with the global tractors market.

A recent report by Arizton Advisory & Intelligence, Agricultural Tractor Tires Market – Global Outlook and Forecast 2017 – 2022, states that the global market is expected to reach 20,905.61 thousand units by 2022, growing at a CAGR of 5.06%.

View Report: Agricultural Tractor Tires Market – Global Outlook and Forecast 2017-2022
https://www.arizton.com/reports/automotive-mobility/agricultural-tractor-tires-market

With the increase in revenue and sales, the market is likely to be lucrative for vendors. Bridgestone (catering geographies through Firestone), Michelin, and Titan International are major companies that dominate the global agricultural tractor tires market with a market share of more than 80%. These players dominate the market with a comprehensive range of product portfolios in all the tractor segments, radial-ply as well as bias-ply, for each range of HP tractors. They also have a wide series of the front as well as rear tractor tires across the geography. Another key leading player in the global market is BKT, which is an Indian tractor tire manufacturer.

The threat of rivalry is high in the global agricultural tractor tires market with more than 80% of the share belonging to the three key players. These players are thriving on innovation in the global tractor tire market. The leading players in the global agriculture tractor market are increasingly investing in developing product lines with advanced tires technology.

BridgeStone
Bridgestone is one of the leading players in the agriculture tractor tires market. The company operates in the market through its brand, Firestone. Firestone is a part of Bridgestone Corp., the leading manufacturer of tire and rubber company. The company continues to focus on implementing new technologies in the agricultural tractor tires segment.

Michelin
Michelin is a leading vendor and is based in Clermont-Ferrand, France. The company has a strong presence in developed markets, including Europe and
North America.

Titan International Inc.
Titan International, along with its subsidiaries (Titan or the Company) is a global wheel and undercarriage industrial manufacturer and supplier, servicing customers across its target markets. The company is a leading manufacturer in the off-highway industry. The company’s ability to manufacture both wheels and tires allows Titan to mount and deliver one of the largest selections of off-highway assemblies in North America.

Balkrishna Industries Limited (BKT)
BKT is one of the leading manufacturers of the off-highway tire. Under the agricultural segment, the company majorly offers tires for 2WD tractor, compact utility tractors, high power tractors, and small tractors. It offers both radial and bias tires depending on the application.
It is expected that large tires will be in the market from Group 50. Another factor on which tire manufacturers are competing is the width and stubble resistance.

View Related Report: Agricultural Tractor Market – Global Outlook and Forecast 2017-2022
https://www.arizton.com/reports/automotive-mobility/agriculture-tractor-market

Source: https://www.arizton.com/blog/bridgestone-michelin-titan-international-to-lead-global-agricultural-tractor-tires/

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