Farm Tire Market Forecasts US$ 11.28 Bn by 2029, Driven by a 5% CAGR

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Forecast Increase in Revenue:

The Farm Tire Market size was valued at US$ 8.02 Bn. in 2022 and it is expected to reach US$ 11.28 Bn. by 2029, at a CAGR of 5% through out the forecast period.

Farm Tire Market Overview:

Maximize Market Research, a leading business research firm, has released an insightful report on the “Farm Tire Market.” This comprehensive study offers an in-depth analysis of industry trends, including business insights, demand dynamics, pricing strategies, and the competitive landscape, covering the forecast period extensively.

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Farm Tire Market Report Scope and Research Methodology:

The report offers a thorough examination of the Farm Tire Market, encompassing segmental analysis, significant developments, market dynamics, and the competitive landscape. Data for this study has been gathered through both primary and secondary research methods, including government publications, news articles, and corporate annual reports. It includes an evaluation of major players in the Farm Tire Market, recent innovations, and notable mergers and acquisitions. Visual representations within the report illustrate import/export data, leading market players, market share, and revenue figures. Additionally, the report provides an overview of the drivers, challenges, opportunities, and trends influencing the Farm Tire Market.

Farm Tire Market Segmentation:

Bias and radial tires make up the two product segments of the farm tire market. With 60% of global revenue in 2022, the bias tire segment led the market. Since natural rubber is plentiful in India and China, bias tires are used extensively in these countries.

by Product

Bias tires
Radial tires

by Application

Tractors
Harvesters
Others

by Distribution Channel

OEM
Aftermarket

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Farm Tire Market Key Players:

1.Balkrishna Industries Limited (BKT)
2. Bridgestone Corporation
3. Continental AG
4. The Goodyear Tire & Rubber Company
5. Michelin
6. Mitas Tires Global Inc.
7. TBC Corp.
8. Titan International
9. Sumitomo Rubber Industries Ltd.
10. Pirelli & C. S.P.A.
11. Goodyear
12. Camso
13. Apollo Tires
14. Trelleborg Wheel Systems
15. Armour Tyres
16. Firestone
17. Compagnie Générale des Établissements Michelin (CGEM)
18. Hankook Tire
19. MRF Limited
20. JK Tyre & Industries Ltd.
21. CEAT
22. The Carlstar Group, LLC
23. Specialty Tires of America, Inc.
24. Alliance Tire Group (ATG)
25. Trelleborg AB

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Farm Tire Market Regional Insights:

The market for farm tires is dominated by North America. According to the most recent data from the US Department of Agriculture, agricultural exports reached USD 135.87 billion in 2022, while agricultural imports came to USD 133.22 billion. According to the US Department of Agriculture, increased exports of corn and soybeans will cause agricultural exports to reach USD 152 billion in FY2022.

Key questions answered in the Farm Tire Market are:

  • What recent industry trends can be leveraged to create additional revenue streams in the Farm Tire Market?
  • Which segments are included in the Farm Tire Market?
  • Who are the leading companies in the Farm Tire Market, and what are their portfolios?
  • What is the Farm Tire Market?
  • What was the size of the Farm Tire Market in the past?
  • What is the current growth rate of the Farm Tire Market?
  • What factors are anticipated to drive growth in the Farm Tire Market?
  • Who are the key players in the Farm Tire Market?
  • What are the different segments within the Farm Tire Market?
  • What growth strategies are companies adopting to enhance their presence in the Farm Tire Market?
  • What are the emerging industry applications and trends in the Farm Tire Market?

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