London, 11 May 2015: Technavio, the independent tech-focused global research firm, has published a report on the agriculture tires market in Germany 2015-2019, which is expected to grow at a CAGR of 1.60 % during the forecast period of 2014-2019.
Mechanization of farms with tractors and other agriculture equipment is a major driver that plays a crucial role in increasing productivity in Germany. Here the Federal Ministry of Food and Agriculture focuses more on soil management, promoting agricultural production and implementing financial schemes to ensure a greater stability of the farm economy.
“Genetically modified crops have now become a trend in farming as they provide better stalk quality and have high capacity to withstand extreme conditions,” says Faisal Ghaus, Vice President of Technavio.
“Agriculture tire companies are working on solutions and developing compounds that can resist the hardness of GM crops.”
Key Market Drivers
- Increase in Farm Mechanization
- Increase in Product Range by Vendors
- Advances in Technology
- CAP
Key Market Trends
- Stubble-resistant Tires
- IF Tires
- VF Tires
- Eco-friendly Tires
Key Market Vendors
- Apollo Vredestein BV
- Bridgestone Europe
- Brisa
- Michelin
- Mitas A/S
- Pirelli
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
