Agriculture Tires Market in Germany 2015-2019
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 agricultural sector plays an important role in the German economy. It accounts for 2% of the country's GDP. Despite agriculture contributes a very small portion of the country's GDP, it is highly mechanized. Germany has an arable land of around 30 m acres, and this accounts for around one-third of the country's area. There has been a change observed in land holdings pattern in Germany due to the implementation of CAP. Larger farms have been replaced by the smaller holdings. Germany's agriculture machinery and equipment industry is ranked among the country's top 10 machinery and equipment sectors. German companies manufacture around 27% of the agricultural machinery and equipment components in Europe. The value chain of the agriculture machinery industry is a key to industry's success. The growth of agriculture tires market is directly related to the growth of agriculture machinery market in the country.
Technavio's analysts forecast the agriculture tires market in Germany to grow at a CAGR of 1.60% 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 Germany for the period 2015-2019.
Technavio's report, the Agriculture Tires Market in Germany 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. It covers the market landscape 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 Germany 2015-2019
Technavio recognizes the following companies as the key players in Agriculture Tires Market in Germany 2015-2019: Apollo Vredestein, Bridgestone Europe, BRISA Bridgestone Sabanci Tire Manufacturing and Trading, Michelin, Mitas and Pirelli
Other Prominent Vendors in the market are: Alliance Tire Group, Armour Tires (Xuzhou Xugong Tyres), Balkrishna Industries, Carlisle Companies, Titan International 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 high capacity to withstand extreme conditions. The problem with GM crops is that they leave behind a very rigid stubble after the harvest season. This hard stubble quickly damages and wears out agriculture tires. When farmers perform tillage operations, the problem of tire wear becomes a major one. Agriculture tire companies are working on solutions and developing compounds that can resist the hardness of GM crops.”
According to the report, agriculture is a visible sector in Germany. Mechanization of farms with tractors and other agriculture equipment plays a crucial role in increasing productivity. Several labor-intensive activities have been completely replaced by farm equipment. Though Germany is far ahead compared to developing countries in terms of farm mechanization, there is still a lot of scope for further mechanization.
Further, the report states that increasing agriculture tire sizes is a major challenge hindering the growth of the market.
Apollo Vredestein, Bridgestone Europe, BRISA Bridgestone Sabanci Tire Manufacturing and Trading, Michelin, Mitas, Pirelli, Alliance Tire Group, Armour Tires (Xuzhou Xugong Tyres), Balkrishna Industries, Carlisle Companies, Titan International, Trelleborg