Irrigation Tire Market 2020 Trending Technology, Global Size, Insights And Forecast Till 2027

Irrigation Tire Market: Introduction

Irrigation tires are special purpose agriculture tires used for irrigation activities. These tires are high density tires and contain deeper and shallow treads for use in linear and pivot irrigations.

Key Drivers of Irrigation Tire Market

Increased mechanization of farming activities in developing countries is boosting the use of tractors, sprayers, and irrigation equipment and their use for irrigation activities, which in turn is expected to drive the irrigation tire market during the period
Shift from subsistence farming to commercial farms has fueled the adoption of irrigators and sprayers owing to larger farm size and demand for better yield. This is also expected to drive the irrigation tire market.
Center pivot irrigation is gaining considerable interest, as it is less labor intensive and also lowers soil tillage. Center pivot irrigation is highly effective and rise in its adoption is boosting the sales of irrigation tires.

Radial tire segment to hold leading share of the global irrigation tire market

Radial tires provide better traction in the field and have low rolling resistance. Radial irrigation tires are being widely adopted and are the radial tire segment is estimated to expand significantly during the forecast period.

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Aftermarket segment to hold leading share of the global irrigation tire market

The aftermarket segment held the leading share of the irrigation tire market in 2019, owing to the wear & tear nature of the irrigation tire, thereby fueling the demand for replacement. A damaged tire often results in compaction of soil and hampers yield; hence, irrigation tires have high demand in the aftermarket and consequently, the aftermarket segment is estimated to expand at a prominent growth rate during the forecast period.

Europe & Asia Pacific to hold significant share of global irrigation tire market

North America & Europe held a leading share of the global irrigation tire market. Farmers in these regions have high affordability and farms in Europe and North America are highly mechanized. Consequently, demand for irrigation tires is considerably high in North America and Europe.
The market in Asia Pacific is projected to expand at a high growth rate during the forecast period owing to high usage of tractors and implements in India and China and adoption of irrigation tires due to growing awareness, and increased availability and affordability

Key Players Operating in Irrigation Tire Market

The global irrigation tire market is expanding consistently, as a large number of players operate in the market. A few of the key players operating in the global irrigation tire market are:

Trelleborg AB
BKT
China National Tire & Rubber Corporation
Titan International
Firestone Tire and Rubber Company
Bridgestone Corporation
Yokohoma Rubber Company

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Global Irrigation Tire Market: Research Scope

Global Irrigation Tire Market, by Application

Tractor
Irrigation Equipment
Other Implements

Global Irrigation Tire Market, by Tire Type

Radial
Bias
Tube

Global Irrigation Tire Market, by Rim Size

<25’’
29’’-49’’

Global Irrigation Tire Market, by Sales Channel

OEM
Aftermarket

Global Irrigation Tire Market, by Region

North America

U.S.
Canada

Europe

Germany
France
U.K.
Italy
Spain
Nordic
Rest of Europe

Asia Pacific

China
Japan
India
ASEAN
Rest of Asia Pacific

Latin America

Brazil
Mexico
Rest of Latin America

Middle East & Africa

GCC
South Africa
Rest of Middle East & Africa

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

Customer Experience Maps
Insights and Tools based on data-driven research
Actionable Results to meet all the business priorities
Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

North America
Asia Pacific
Europe
Latin America
The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?