- The key vendors in the Agriculture Tires Market in Brazil 2015-2019 are Balkrishna Industries, Bridgestone Corp., FATE, Michelin, Pirelli, 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 Brazil 2015-2019. If technology is the latest technology in the agriculture tires market and one of the major trends being witnessed in this market. An IF tire can handle the same load at 20% less air pressure or can handle 20% more load at the same pressure. The market is expected to grow at a CAGR of 1.29 percent during the forecast period of 2014-2019.
The agriculture tires market in Brazil can be segmented into two based on application: tractors and harvesters. The tractor tires segment dominates the agriculture tires market in Brazil, with around 90% of the total market.
“Modernization of agricultural activities is leading to extensive use of farm equipment such as tractors and combines, and in turn is increasing demand for such equipment,” says Faisal Ghaus, Vice President of Technavio Research.
“Increase in demand for such equipment leads to increased demand for tires both in the OEM and replacement categories.”
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 Brazil 2015-2019; please send an e-mail to media@TechNavio.com
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