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(Transportation-News.com, August 13, 2021 )
Market Overview
Agricultural tires are uniqueness tires used for agricultural equipment together with tractors, harvesters, trailers, etc. These tires offer better gas economy, overall performance and driving force comfort of farming cars.
Growing food demand is one of the prime motives for the elevated want for mechanization within the Agricultural quarter.
Specialty cars which includes combine harvester keep a tremendous percentage of the market. Tires play an essential function inside the performance of the agricultural machines, and therefore the demand for agrarian ties are growing.
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Market Drivers and Restraints
The demand for agricultural tires depends available on the market for agricultural device like tractors, trailers, sprayers, combines, and small lines.
The speedy financial boom in growing countries is using the agriculture sector to be greater efficient and productive, in turn resulting in better sales of agricultural machinery give up-merchandise. High demand for meals merchandise from increasing populations and technological advancements in agricultural system should stay the principle elements that can propel call for for agricultural equipment market.
Moreover, increasing tire product range, favorable government guidelines for agricultural, and rising market for re-treading could in addition power the market boom.
Tires are risky to the environment as they're now not biodegradable. They make a contribution to landfill waste and although are classified as municipal strong waste in place of unsafe waste by using Environmental Protection Agency (EPA). Tires release pollution, and the oils it may contaminate the soil and groundwater.
Further, solvents or risky natural compounds (VOC) are used to produce heavy and treads for enhancing the adhesion of the tires, wherein the system release the most amount of emissions into the air. The risky nature of agricultural tires would possibly bog down market boom rapidly.
Market Segmentation
By Application
• Combine Harvester
• Tractors
• Trailers
• Sprayer
• Loaders
• Others
By Construction
• Bias Tires
• Radial Tires
By End User
• Replacement/Aftermarket tires
• Original Equipment Tires
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Market Geographical Share
The Global Agricultural Tires marketplace is segmented into the regions as North America, Europe, Asia-Pacific, South America, and relaxation of the World. Asia-Pacific is the leading area of the market owing improved mechanization and developing Agriculture region.
Further, the growing growth of agriculture in India and China. Rest of the World section is expected to be the following fastest developing area after Asia-Pacific.
Market Competitive Trends
The Agricultural tires market is a moderately consolidated market with four companies occupying the majority of the market share in 2017. Globally, over XX% of the Agricultural tire market is attributed to the top four players. These recognized players include Trelleborg AG (Mitas), Bridgestone, BKT, ATG, and Others. Trelleborg AG is the market leader with around XX% of the market share followed by Bridgestone and BKT.
The expansion is one of the key strategy adopted by top players to expand their market presence. Bridgestone Americas Inc. is investing USD 12 million to expand off-the-road tire production at its plant in Bloomington, adding multiple sizes and patterns for 29-, 33- and 35-inch OTR tires.
Few of the key market players of the Global Agricultural Tires market are:
• Trelleborg Wheel Systems
• Michelin
• Apollo tire
• Bkt tires
• Yokohama Rubber Co., Ltd. (ATG)
Related Topic's
Tire Cord Market , Tire Changing Machine Market, Tire Pressure Monitoring Systems Market, Aircraft Tire Market, Airless Tire Market
DataM Intelligence
Sai Kiran
+1 877 441 4866
pr@datamintelligence.com
Source: EmailWire.Com 
Source: EmailWire.com
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