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Agriculture Tires Market in Brazil 2015-2019
The report discusses the following in-depth:
• Market Size and Forecast
• Market Segmentation
• Buying Criteria
• Vendor Landscape
• Business Segmentation
• Geographical Segmentation
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Key Trends
Technavio’s Senior Analyst says, “Present-day tire vendors manufacture tires to suit the needs of multiple vehicle classes and therefore can be segmented in terms of application and technology. In fact, there are specific tires for specific weather conditions including all-season, winter, and summer tires. There is a broad spectrum of tire manufacturers, including both domestic and international, who are active in the competitive tires market.”
• Tires track their history back to the mid-1800s when solid tires were more prevalent. With time and new advances, solid tires were replaced by pneumatic tires, which were first used on automobiles by the Michelin brothers, who went on to become one of the prominent tire vendors in Europe. Over time, the tire market has witnessed new technology breakthroughs and the entry of many vendors.
• Technavio's analysts forecast the Agriculture Tires market in Brazil to grow at a CAGR of 1.29 percent over the period 2014-2019.
• Understanding the key drivers influencing the market
• Understanding the challenges faced by the market
• Activities of various stakeholders involved
• Key focus areas for the vendors
• Major trends that will shape the future of this market
• Vendor landscape and trajectory of the market
• Conclusion
Scope of The Report
A detailed analysis of each market driver, challenge
and trend isavailable in our report:
Agriculture Tires Market in Brazil 2015-2019
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Vendors
To understand the vendor landscape and for a full list of
vendors view our report:
Agriculture Tires Market in Brazil 2015-2019
Balkrishna Industries
Bridgestone Corp.
Michelin
Balkrishna Industries is an Indian tire manufacturer and one of the leading vendors of the agriculture tires market in Brazil. Since its inception, it has focused on manufacturing tires for the off-road segment such as agricultural, construction, and industrial vehicles as well as earthmoving, port and mining, ATV, and gardening applications.
Bridgestone is one of the leading players in the agriculture tires market in the US. The company has a wide geographical presence that helps it to maintain its position in the market. The company sells agriculture tires in the US under the brand name Firestone.
Michelin has a strong presence across several segments. The company manufactures tires for all types of vehicles, such as airplanes, automobiles, bicycles, earthmovers, farm equipment, heavy-duty trucks, and motorcycles.
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Market Landscape
• The modernization of agriculture is one of the key factors in the growth of the agriculture equipment market.
• The agriculture and allied sectors make a significant contribution to the country's GDP.
• Agriculture equipment sales were affected by a slowdown in the economy, presidential elections, low commodity prices, severe drought in some parts of Brazil, and reluctance of farmers to invest in technology.
• All these things had a significant impact on the replacement tires market, but a marginal increase in tire sales was also observed.
• It is expected that agriculture equipment sales will pick up in the coming years with the revival in economy and changing economic scenario.
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Market OutlookGuest Bloggers
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Support
• Tire manufacturers are facing the problem of stubble damage and trying hard to battle it by developing stubble-resistant compounds.
• GM crops have now become a trend in farming as they provide better stalk quality and have a high capacity to withstand extreme conditions.
• When farmers perform tillage operations, the problem of tire wear becomes a major one.
• Tire manufacturers are not only testing stubble-resistant compounds but are also making changes in design that will make tires more resilient to punctures.
• Tire manufacturers have come up with a temporary solution of installing stubble shoes on the front end of machines so that damage is minimized.
• The stubble shoes knock down the stalks before the tires drive over them, and in this way damage is reduced.
• Growth Forecasts?
• Market Analysis?
• Revenue Forecasts?
• Regional and Country level Analysis?
• Competitive Structure?
• Emerging Trends?
• Vendor Landscape?
• Other?
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