Global Farm Tire Market - Market Size, Growth And Industry Analysis, 2010 - 2016

The research process begins with exhaustive secondary research on internal and external sources being carried out to source qualitative and quantitative information relating to each market.

News articles, press releases and web-casts specific to the companies operating in the market.

Global conduct primary interviews in an ongoing basis with industry participants and commentators in order to validate its data and analysis. A typical research interview fulfills the following functions:

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Key Opinion Leaders: specializing in different areas corresponding to different industry verticals.

Technological and scientific advancements have continuously added quantum and sophistication to mechanization and transportation machinery which has constituted the backbone of modern day farming in the  followed by other continents as well. Weak economic conditions reflected in poor sales of farm tires in 2009. Increased global demand for farm produce coupled with revival in economy saw an increase in sales in 2010.

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The Global farm tire market has two segments, replacement and original equipment farm tires, and is further categorized into radial and bias construction types. The replacement segment accounts for the maximum share of total Global farm tire market. The increase in demand for agricultural produce coupled with other factors will result in increased purchase of new agricultural machinery thus leading to a consequent rise in demand for original equipment farm tires. The Global tractor market which is the largest end application market of farm tires is reporting constant increase in sales.

New technological and design developments in farm vehicular machinery have resulted in further development of farm tires, larger in size and for diversified uses. The country is witnessing regular growth in the net farm income, total crop production and production expenses which will continue to drive the farm tire market in the coming years. In addition, the continuously rising Indian tractor market, provides an opportunity to the US farm tire market in terms of more exports. However, issues such as increasing raw material prices and rising inventory costs pose a challenge for the manufacturers and dealers in the industry's supply chain.

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