This report foresees the farm tires market to reflect an above-average 6.0% value CAGR between the forecast period 2018 and 2028. Nearly 70,000,000 units of farm tires are envisaged to be sold worldwide by 2028-end.
Farm Tire Market: Influenced by Food Security Compliance through Agricultural Developments
One of the major challenges encountered in sustainable agricultural development is assurance of social security with regard to food security-oriented interventions. Farm mechanization is deemed to offer numerous social and economic benefits to farmers such as improved yield. Looming water scarcity crisis abreast growing requirement for ensuring food security has further complimented the perception of farmers toward farm mechanization as a crucial component reforming future of the agriculture sector.
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As mechanization & modernization of agriculture entails the requirement for appropriate machinery, in order to ensure effective and timely field operations, application of agricultural inputs, and reduction in drudgery, farm tires will exhibit a steady rise in demand in the forthcoming years.
Farm Tires: Design Innovations w.r.t Compounds, Structure, Tread Pattern, to Create Demand
Spreading awareness on new technology among farm tire & equipment dealers and end-users has been gaining higher emphasis by the government organizations as well as manufacturers. Agricultural machinery & equipment manufacturers continue to develop heavier, most powerful, and huge tractors and other machinery, thereby creating avenues for increased flexion (IF), very high flexion (VF), and low sidewall technology-based farm tires.
Compounding employed in farm tires, tread pattern, and structure are likely to be key areas of design innovations among farm tire manufacturers. Along with improvements in weight carrying capacity, recent crop science advancements have led toward genetically modified organism (GMO) crops, which are tougher and heartier than previous plant generations. Meanwhile, farm tire makers are seeking new compounds that hold potential in improving stubble resistance, and reducing the tendency for sidewall cracks, which in turn will lure affluent farmers to bank on the imminent new products.
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High Load-carrying Capacity & Low-Pressure Farm Tires to Gain Momentum
Over the past couple of years, majority of tire manufacturers have joined the suit of IF, VF, and LSW trend, developing their own versions of tires with flexible sidewalls, which promise lower soil compaction and greater load-carrying capacity. The trend has gained increased emphasis recently, with dramatic rise in size, power, and weight of agricultural equipment.
Current generation of farm tires carry relatively more weight, and are sturdy & resilient in fields against steel and rubber belt-piercing stalks of GMO crops. High performance of these tires on roads at greater speeds for longer distances have augmented their demand among farmers worldwide. Lower-pressure tires that produce larger tire footprint are perceiving higher preference, as they distribute weight of the tractors and other agriculture machinery over the largest possible area for reducing soil compaction.
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Tale of Contents Covered in this report are:
1. Executive Summary
1.1. Summarizing Key Findings
1.2. Wheel of Fortune
1.3. Selected announcement for restricting measures
1.4. Opportunity Assessment
1.5. Mega Trends
1.6. Competition Blueprint
1.7. Market Taxonomy
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2. Global Agriculture Tire Market Introduction
2.1. Agricultural Industry Contribution to GDP- Country Wise
2.2. Arable land (% of land area)- By Key Countries
2.3. Government Regulations- By Region
3. Global Agriculture Tire Industry Overview
3.1. Global Tire Industry Scenario
3.2. Tire Industry Roadmap
3.3. Agriculture Tire Production Capacity Distribution
3.4. Global Agriculture Tire Market Value & Volume Forecast and Analysis
3.5. Forecast Factors
3.6. Trade Analysis
3.7. Supply Demand Scenario
3.8. Supply Chain
3.9. Market Dynamics
3.10. Tire E-Retail
3.11. Agriculture Tire-Technology Roadmap
3.12. PEST Analysis
3.13. Pricing Analysis
4. E- Commerce: the solution of the future- or just the necessity?
5. Global Agriculture Tire Market Analysis and Forecast by Type, 2012-2026
5.1. Analysis and Forecast by Product Type
5.1.1. Revenue (US$ Mn) & Volume (Mn Units) Comparison
5.1.2. Market Share Comparison
5.1.3. Y-o-Y growth Comparison
5.2. Analysis and Forecast By Sales Channel
5.2.1. Revenue (US$ Mn) & Volume (Mn Units) Comparison
5.2.2. Market Share Comparison
5.2.3. Y-o-Y growth Comparison
5.3. Analysis and Forecast By Vehicle Type
5.3.1. Revenue (US$ Mn) & Volume (Mn Units) Comparison
5.3.2. Market Share Comparison
5.3.3. Y-o-Y growth Comparison
5.4. Analysis and Forecast By Width
5.4.1. Revenue (US$ Mn) & Volume (Mn Units) Comparison
5.4.2. Market Share Comparison
5.4.3. Y-o-Y growth Comparison
5.5. Analysis and Forecast By Construction Type
5.5.1. Revenue (US$ Mn) & Volume (Mn Units) Comparison
5.5.2. Market Share Comparison
5.5.3. Y-o-Y growth Comparison
5.6. Analysis and Forecast By Rim Diameter
5.6.1. Revenue (US$ Mn) & Volume (Mn Units) Comparison
5.6.2. Market Share Comparison
5.6.3. Y-o-Y growth Comparison
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