- The key vendors in the Agriculture Tires Market in the US 2015-2019 are Balkrishna Industries, Bridgestone Corp., Michelin, Titan Tire Corp. and Trelleborg
London, 10 April 2015: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Agriculture Tires Market in the US 2015-2019. Shift towards implementation of stubble-resistant tires is one of the major trends upcoming in this market. Tire manufacturers are not only testing stubble-resistant compounds but are also making changes in design that will make tires more resilient to puncture. Tire manufacturers have come up with a temporary solution of installing stubble shoes on the front end of machines so that damage is minimized. The Agriculture Tires Market in the US is expected to grow at a CAGR of 4.19 percent during the forecast period of 2014-2019.
The agriculture tires market is largely dependent on original equipment manufacturers sales of agriculture equipment. The agriculture tires market in the US is one of the biggest agriculture tires markets in the world. Agriculture tires provide motion to equipment such as tractors, combines, sprayers, trailers, compact line, grain harvesters, hay forage, tillers, cutters, and shredders. The market for extra-large tires is growing with the increase in size of agriculture equipment.
“The new concept of eco-friendly tires has now become a trend and is expected to grow further in the coming years,” says Faisal Ghaus, Vice President of Technavio Research.
“The concept of eco-friendly tires deals with the environmental effects of the tire manufacturing process, the impact tires have on the environment during their life, and the effect of tires on the environment after they are disposed of.”
To define the market conditions 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.
If you are interested in more information on this topic and our upcoming research on the Agriculture Tires Market in the US 2015-2019; please send an e-mail to media@TechNavio.com
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