Lucintel's latest market report analyzed that farm tire provides attractive opportunities in the tractor, harvester, forestry, irrigation, implement, and sprayer applications. The farm tire market is expected to reach $XX billion by 2028 with a CAGR of 5% to 7%. In this market, bias is the largest segment by product, whereas tractor is largest by application.
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Based on product, the farm tire market is segmented into product, application, distribution channel, and region. The bias segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to as these tires are less expensive as compared to radial tires and ensure smooth riding experience on rough surfaces.
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The Farm Tire Market is marked by the presence of several big and small players. Some of the prominent players offering farm tire include Balkrishna Industries (BKT), Bridgestone, Continental AG, Compagnie Générale des Établissements Michelin (CGEM), Sumitomo Rubber, and Titan International.
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This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link [email protected].
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Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. 972.636.5056
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