Global Flexion Tire Market size was valued US$ XX Mn. in 2019 and the total revenue is expected to grow about CAGR 5.87% from 2020 to 2027, reaching nearly US$ XX Mn.



Global Flexion Tire Market

Global Flexion Tire Market: Overview

The Flexion tire market enables tractors to carry the same load with 40% reduction of air pressure. Flexion Tire offers advantages like reduction in soil compaction which helps in high yields. These tires are engineered and provided with 45o angle, this helps in moving mud and dirt easily, also reduce tire slippage during operation. Agriculture mechanization and development in technology is expected to boost the Global Flexion Tire Market.

Global Flexion Tire Market: High HP Tractor

The Global Flexion Tire Market is led by high HP tractor, owing to preference of high HP tractor needed for high power machine requirement. The High HP Tractor is showing increase in sale. However, for the higher load carrying capacity the tractors need high HP engine. Thus, the High HP Tractor is forecasted to grow Global Flexion Tire Market.

Global Flexion Tire Market: Application

By application, the Global Flexion Tire Market is segmented into Harvesters, Tractors, and other. The Tractor Tire has large market share than the Harvester and other application, which is accounted about 56% of global market. The Tractors are widely used for numerous applications in farming purpose which is driving the Global Flexion Tire Market.

Global Flexion Tire Market1

Global Flexion Tire Market: Drivers and Restraints

The rising food consumption is increasing tractors sale which is driving the Global Flexion Tire Market. The flexion tires can carry heavy load with reduction in soil compaction which is assisting the demand for more power tractors with heavy load.
The awareness among farmers about advance technology usage, productivity improvement by using Flexion Tire will boost the Global Flexion Tire Market.

The flexion tires evenly distribute the load by adjusting the tire inflation according to load and application. Many farmers do not have knowledge of correct tire pressure this may restrict flexion tires market globally.

The Flexion Tires are costlier than the normal tires which is 10% to 15% costlier than normal tire. The high cost is hindering growth of Global Flexion Tire Market.

Global Flexion Tire Market: Regional Overview

Global Flexion Tire Market is segmented into various regions like Asia Pacific, North America, Europe, South America, and Middle East & Africa. The Asia Pacific region is the fastest growing and largest agriculture market; India and China are leading countries in agriculture tires market. In Asia Pacific market, agriculture equipment tire sale is accounted in 2015 about 2 million unit. This region is dense in population and demand for agriculture product is expected to increase in the forecasted period which is driving the Global Flexion Tire Market. The China market has growing demand for advance agriculture equipment to make self-sufficient in agriculture production to serve the demand for people. Growing tractor market in Indian region is expected to boost the Flexion Tire Market.

The report also helps in understanding Flexion Tire Market dynamics, structure by analyzing the market segments and projects the Flexion Tire Market size. Clear representation of competitive analysis of key players By Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Flexion Tire Market make the report investor’s guide.
Scope of the Flexion Tire Market

Flexion Tire Market, By Application

• Harvesters
• Tractors
• Others
Flexion Tire Market, By Tire Type

• Very High Flexion
• High Flexion
Flexion Tire Market, by Region

• Asia Pacific
• North America
• Europe
• South America
• Middle East & Africa
Key players operating in Flexion Tire Market

• Michelin
• The Goodyear Tire & Rubber Company
• Titan International, Inc.
• Continental AG
• Bridgestone Corporation
• Trelleborg AB
• Firestone Tire & Rubber Company
• Alliance Tire Group
• Apollo Tires limited
• Cooper Tire & Rubber Company
• Hankook Tire Co. Ltd
• Techking Tires Ltd
• Titan International, Inc.


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