MRO Magazine

Research and Markets: United States Agriculture Tires Market 2015-2019 with BalKrishna Industries, Bridgestone, Michelin, Titan Tire & Trelleborg Dominating


May 13, 2015
By Business Wire News

DUBLIN

Research and Markets (http://www.researchandmarkets.com/research/qr7bl4/agriculture_tires) has announced the addition of the “Agriculture Tires Market in the US 2015-2019” report to their offering.

The Agriculture Tires market in the US to grow at a CAGR of 4.19% over the period 2014-2019.

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.

Untapped emerging markets in countries such as China, India, Thailand, Vietnam, and Indonesia have immense potential to grow rapidly and contribute to the market share in the APAC in the future.

According to the report, tire manufacturers are broadening their product line with more innovation, more purpose-oriented designs, and more sizes. The increase in product range by tire manufacturers will act as a driver for the agriculture tires market in the US.

Further, the report states that the increasing farm tire sizes is affecting the growth of the Agriculture Tires market in the US.

Key Vendors

  • BalKrishna Industries
  • Bridgestone
  • Michelin
  • Titan Tire
  • Trelleborg

Other Prominent Vendors

  • Akuret (DEL-NAT, now a part of TBC Brands)
  • Alliance Tire Group
  • American Farmer (Specialty Tires of America)
  • Carlisle Companies
  • Harvest King
  • Mitas

For more information visit http://www.researchandmarkets.com/research/qr7bl4/agriculture_tires.

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
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Sector: Tyres