About agriculture tires
Tires are an integral component of automobiles and are manufactured using raw materials such as natural rubber, nylon tire cord fabric, and carbon black. Rubber chemicals and synthetic rubber, including styrene-butadiene rubber and poly-butadiene rubber, are also used in manufacturing tires. Agriculture tires are used in different agriculture vehicles and equipment such as tractors, sowers, and harvesters. The use of advanced equipment has had a significant improvement on crop yield and, hence, is leading to cultivators and farmers increasingly using agriculture vehicles and equipment.The agriculture tires market in Europe is one of the largest agriculture tires market in the world. Almost all the nations of the EU have been reeling under the negative effects of eurozone crisis. This has largely affected even the most developed economies of Europe such as Germany and France. About half of the population in the EU lives in rural areas, showing the importance of the level of farm mechanization in Europe. The sales of tractors in Europe declined in 2012 compared to 2011. While there was a correction observed in 2013, the market declined in 2014 again. The sales of agriculture tires are directly related to the sales of agriculture equipment.
Technavio's analysts forecast the agriculture tires market in Europe to grow at a CAGR of 1.47% over the period 2015-2019.
Covered in this report
The report covers the present scenario and the growth prospects of the agriculture tires market in Europe for the period 2015-2019.
Technavio's report, the Agriculture Tires Market in Europe 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. It covers the landscape of the agriculture tires market in Europe and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Agriculture Tires Market in Europe 2015-2019
Technavio recognizes the following companies as the key players in Agriculture Tires Market in Europe 2015-2019: Apollo, Vredestein BV, Brisa, Bridgestone Europe, Michelin, Mitas A/S and Pirelli.
Other Prominent Vendors in the market are: Alliance, Armour Tires, Balkrishna Industries, Carlisle, Titan and Trelleborg.
Commenting on the report, an analyst from Technavio’s team said: “Tire manufacturers are facing the problem of stubble damage and trying hard to battle it by developing stubble-resistant compounds. GM crops have now become a trend in farming as they provide better stalk quality and have a high capacity to withstand extreme conditions.”
According to the report, the prospects of the tires market have improved primarily as result of demand generated from multiple vehicle segments. Prime demand for tires comes from the passenger cars segment, which typically drives volume growth in the tires market.
Further, the report states that farmers are faced with the continual problem of stubble and this problem affects even the tire dealers and manufacturers.
Apollo Vredestein, Bridgestone Europe, BRISA Bridgestone Sabanci Tire Manufacturing and Trading, Michelin, Mitas, Pirelli & C, Alliance Tire Group, Armour Tires (Xuzhou Xugong Tyres), Balkrishna Industries, Carlisle Companies, Titan International, Trelleborg