The global market for farm tires is expected to show moderate growth in the next five years.
Date: 8 April 2016
The global market for farm tires is expected to show moderate growth in the next five years. The moderate growth for both segments (front and rear farm tires) in the period of 2016-2021 is mainly due to the different advancements in the agricultural sector to produce more crop per hectare of land thus making the mechanisation in the farming a necessity, which in turn drives the demand for farm tires.
According to recently published Azoth Analytics report “Global Farm Tire Market: Trends, Opportunities and Forecasts (2016-2021)
- (By Value and Volume; By Type - Total Farm Tire Market, Front Farm Tire Market, Rear Farm Tire Market, Front Farm Tire Replacement Market, Rear Farm Tire Replacement Market; By Region; By Country; By Trade; Key Players, Recommendations)”, in the Farm Tire market, the different machines which are prominent and widely used across the globe which create the main demand for the tires are Tractors, Harvesters and Combines as these equipments are used in the farms for the aid of increasing output and productivity.
The report “Global Farm Tire Market: Trends, Opportunities and Forecasts (2016-2021)
” has analysed the potential of Global Farm Tire market and provides statistics and information on market size and growth factors. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the Global Farm Tire market. Additionally, the report also highlights the business strategies of OEMs of farm tires.