The study provides a comprehensive analysis on market growth throughout the above forecast period in terms of revenue estimates (US$ Mn) and volume estimates (thousand Units), across the U.S. and Canada. Farm tires are a sub-segment of specialty tires that are used by vehicles and machines used for farm activities. Sprayers, tractors, trailers, and harvesters are a few examples of farm machinery that use farm tires.
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The Farm Tire market is anticipated to witness nominal growth during the forecast period from 2017 to 2025 owing to the factors such as decline in farm output, unfavorable climatic conditions and changing government regulations in the North America region. Increasing demand for food and rise in farm mechanization are some of the factors that are anticipated to drive the growth of North America farm tires market. The market is going to surge due to the rising demand for tractors in the agricultural sector. Presently there is increase in adoption of hobby farming especially in the U.S. and this is expected to positively impact the farm tires market during the years from 2017 -2025.
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Global Farm Tire Market: Segmentation
The Farm Tire market has been segmented on the basis of tire types and applications. On the basis of tire types, the farm tire market is segmented into bias and radial tires. Furthermore, application segment has been divided into tractors, harvesters and others (combines, trailers, sprayers, etc.).
The North America region wise prominent countries covered in the scope of the study includes - the U.S and Canada.
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Global Farm Tire Market: Scope of the Report
The report covers key developments which provides the historic development in the farm tire market. The report also covers segment wise analysis in terms of revenue and volume, comparison matrix, porters five force analysis, market attractiveness analysis which identifies and compares segments on the basis of CAGR and market share index and provides market positioning of the companies playing important role in the farm tire market.
The report also includes comparison matrix which provides the analysis of the segment growth matrix (%), segment revenue contribution from 2017 - 2025 (%), and segment compounded growth matrix (CAGR) This report shows market attractiveness analysis for all the segments and for all the regions in the scope of study which identifies and compares segments market attractiveness on the basis of CAGR and market share index.
