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MarketersMEDIA / Newsroom / Global Farm Tire Market is expected to reach $9.09 billion by 2027 growing at a CAGR of 6.6% during 2018 to 2027.

Global Farm Tire Market is expected to reach $9.09 billion by 2027 growing at a CAGR of 6.6% during 2018 to 2027.

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Some of the key players in Global Farm Tire market include Continental AG, Sumitomo Rubber Industries, Ltd, Bridgestone Corporation, Balkrishna Industries Limited (BKT), CEAT Ltd, MRF Limited, Jk Tyre & Industries Ltd, Apollo Tyres Ltd, ATG, and Pirelli & C. S.p.A.

— The increasing penetration of farm vehicles in the agricultural industry and increasing demand for agricultural machines in emerging economies is fuelling market growth. However, the fluctuating prices of raw material may hamper growth of the market.

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The farm tires are the devices that are quickly concentrating on rural sections which mostly applicable in horsepower tractor, harvesters and others. Its shows better machine performance, expanded efficiency, decreased working cost and increase better overall revenues.

Based on application, the tractors segment is likely to have a huge demand in the forecast period due to new product development and different variations of the vehicles accessible in the market to suit explicit necessities of different farming processes. Moreover, utilization of tractors with various farming equipment is relied upon to drive product demand in the application fragment.

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By geography, North America is expected to have a huge demand due to the presence of key companies into the region and high technological advancements which will propel the demand for farm tires in the near future.

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Products Covered:
• Radial Tire
• Bias Tire
• Municipal Tires
• Implement Cross Ply Tires
• Other Products

Pressures Covered:
• High Pressure
• Low Pressure
• Extra Low Pressure

Horse Power Covered:
• 0-80 HP
• 81-200 HP
• Other Vehicle Types

Distribution Channels Covered:
• OEMs (Original Equipment’s Manufacturer)
• Aftermarket

Applications Covered:
• Harvesters
• Tractors
• Loaders
• Drill
• Forestry
• Irrigation
• Implements
• Other Applications

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub-segments, and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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About Stratistics MRC
We offer a wide spectrum of research and consulting services with in-depth knowledge of different industries. We are known for customized research services, consulting services, and Full-Time Equivalent (FTE) services in the research world. We explore market trends and draw our insights with valid assessments and analytical views. We use advanced techniques and tools among the quantitative and qualitative methodologies to identify the market trends.

Our research reports and publications are routed to help our clients to design their business models and enhance their business growth in the competitive market scenario. We have a strong team with hand-picked consultants including project managers, implementers, industry experts, researchers, research evaluators and analysts with years of experience in delivering the complex projects.

Contact Info:
Name: James Lamb
Email: Send Email
Organization: Stratistics Market Research Consulting Pvt Ltd
Phone: +1-301-202-5929
Website: https://www.strategymrc.com/

Source URL: https://marketersmedia.com/global-farm-tire-market-is-expected-to-reach-909-billion-by-2027-growing-at-a-cagr-of-66-during-2018-to-2027/88936861

Source: MarketersMedia

Release ID: 88936861

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