Report ID: SQMIG20H2023
Farm Tire Market Size, Share, Growth Analysis, By Product(Bias and Radial), By Application(Tractors, Harvesters, Forestry, Irrigation), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG20H2023 |
Region:
Global |
Published Date: April, 2024
Pages:
202
|
Tables:
64 |
Figures:
76
Farm Tire Market Regional Insights
With a 42.8% revenue share in 2022, the Asia Pacific region's market dominated the global market. This is ascribed to elements including population growth, middle-class population income growth, and the quick industrialization and urbanization of the people. The expansion of the farm tire sector is also anticipated to be aided by the presence of both small and large-scale manufacturers in the area.
During the projected period, the market for agricultural tires is also expected to expand significantly in North America. Due to improving living standards, foreign investments, and greater consumption, there is a significant demand for agricultural products, which is the cause of this expansion. An increasing demand for agricultural tires is also being caused by the region's expanding agricultural industries in nations like the United States and Canada. Along with this, the region's level of agricultural mechanization is rising, which is also fueling the market expansion in the North American continent.
Farm Tire Market Report Snapshots
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