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U.S. and Global Farm Tire Market - Size, Growth and Industry Analysis, 2010 - 2016

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1. Introduction
1.1. Key Points Covered
1.2. Report Description
1.3. Stakeholders
1.4. Research Methodology

2. Executive Summary

3. The U.S. Farm Tire Market Dynamics
3.1. Market Overview
3.2. Market Trends and Future Outlook
3.3. Trends & Developments
3.4. Large Volume Tires
3.5. Advanced Deflection Design (AD2) technology
3.6. New Sprayer Specific Tires
3.7. Introduction of Very High Flexion (VF) Tires by Michelin
3.8. Growth Drivers
3.8.1. Increase in Net Farm Income
3.8.2. Increase in Total Production Expenses
3.9. Challenges

4. Global Tire Market
4.1. Market Overview
4.2. Market Value & Volume
4.3. Market Share
4.4. Geographic Breakdown

5. The U.S. Tire Market
5.1. Market Overview
5.2. Market Size
5.3. Major Segments

6. The U.S. Farm Tire Market
6.1. Market Size
6.2. Market by Segments
6.3. End Application Market
6.4. Competition

7. Company Profiles
7.1. Bridgestone
7.2. Michelins
7.3. Titans
7.4. Goodyear
7.5. Continental Tires
7.6. Cooper Tire

8. List of Figures
8.1. Global Tire Market Sales, 2006-2011
8.2. Global Tire Market Sales Forecast, 2012-2016
8.3. Global Tire Volumes, 2009-2012
8.4. Global Tire Sales by Segment, 2011
8.5. Global Tire Sales by Region, 2011
8.6. Global Tire Market by Manufacturer, 2011
8.7. The United States Total Tire Shipments, 2008-2012
8.8. The United States Replacement Tire Sales Revenues, 2008-2012
8.9. The United States Replacement Tire Sales by Type, 2011
8.10. The US Farm Tire Shipments, 2006-2011
8.11. The US Farm Tire Shipments Forecast, 2012-2016
8.12. The US Replacement Farm Tire Shipments by Categories, 2008-2011
8.13. The US Original Equipment Farm Tire Shipments by Categories, 2002-2011
8.14. The United States Net Farm Income, 2008-2012
8.15. Total Production Expenses in the US, 2008-2012
8.16. Prices of Raw Materials, 2006-2011
8.17. Indian Tractor Market Revenues, 2006-2016
8.18. Bridgestones Revenues by Business Segments, 2011
8.19. Bridgestones Revenues and Net Income, 2008-2011
8.20. Michelins Revenues by Business Segments, 2011
8.21. Michelins Revenues and Net Income, 2008-2011
8.22. Titans Revenues by Business Segments, 2011
8.23. Titans Revenues and Net Income, 2008-2011
8.24. The US Farm Tire Shipments Forecast, 2010-2016

The overall tire industry is segmented into truck tires, light vehicle and passenger car tires, and specialty tires. Farm tires form a sub-segment of the specialty tires market and are used by machines and vehicles engaged in farm activities. Sprayers, tractors, harvesters, and combines are some of the machines in which farm tires are utilized. 

The farm tire industry report studies at length the global as well as the U.S. market and offers sharp insights into the factors that govern the growth of the market.

Overview of the global and U.S. farm tire market

The market report indicates that the as far as design innovation and technological developments go, the U.S. and global market for farm tires will both witness exceptional growth. 

Global analysis

The farm tire market can be segmented into original equipment (OE) and replacement farm tires. The market is further bifurcated into bias and radial types of farm tire. The overall farm tire market is susceptible to volatile commodity and raw material prices, erratic weather conditions, and high inventory levels. 

With the increase in the weight and size of farming machinery, farm tire manufacturers have been making larger tires to bear the additional weight. The expanding world population and mounting demand for food products are two of the most significant factors boosting the agriculture or farm tire market. However, rapid urbanization and industrialization has adversely affected the availability of potential agricultural land, converting farm regions into construction sites for commercial purposes. This has hampered the growth of the farm tire market in several emerging economies. 

U.S. farm tire market outlook

The year 2013 had been good for the farm tires market in the U.S., even though sales were slow at the start of the year. As far as farm tire shipments are concerned, the market battled weather hazards and made the most of late harvests and planting. The fourth quarter shipments of farm tire in the U.S. covered up for the initial hiccups. The report indicates that over the next few years, farm tire shipments are likely to increase, owing to a rise in the industrial production index and the overall gross domestic product (GDP). Moreover, manufacturers of farm tires have been giving added importance to design developments, which is expected to further boost the regional market. The constant evolution of machinery and farming techniques has forced manufacturers to develop novel ranges of farm tires.

Between the original equipment and replacement segments, the latter held a larger share of the farm tire market. On the other hand, between bias ply and radial farm tires, the former has been dominating the overall market. However, this trend is expected to change soon, owing to a growing demand for radial tires. Radial tires have the ability to reduce compaction and handle heavier loads. As a result, manufacturers have switched to increasing the production of radial tires to keep up with the surging demand. 

Companies mentioned in the research report 

The players profiled in the global and U.S. farm tire market are Goodyear, Cooper Tire, Continental Tires, Michelins, Titans, and Bridgestone.

Apart from these, there are numerous other vendors dominating this space: Balkrishna Industries Ltd., Trelleborg Wheel Systems S.p.A., Carlisle Companies Incorp., Firestone, McCreary Tire and Rubber Co., Compagnie Generale des Etablissements Michelin SCA, Alliance Tire Group, and Harvest King Tires. Among these, Firestone dominates the farm tire market globally and domestically. 

Major geographies analyzed under this research report are: 
  • EMEA
  • North America 
  • Asia-Pacific 
  • Rest of the World 
This report gives you access to decisive data such as:
  • Market growth drivers 
  • Factors limiting market growth
  • Current market trends 
  • Market structure
  • Market projections for the coming years 
Key highlights of this report
  • Overview of key market forces propelling and restraining market growth 
  • Up-to-date analyses of market trends and technological improvements
  • Pin-point analyses of market competition dynamics to offer you a competitive edge
  • An analysis of strategies of major competitors 
  • An array of graphics and SWOT analysis of major industry segments 
  • Detailed analyses of industry trends
  • A well-defined technological growth map with an impact-analysis 
  • Offers a clear understanding of the competitive landscape and key product segments

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