Report forecast the Agriculture Tires market in
Brazil to grow at a CAGR of 1.29 percent over the period 2014-2019.
Tires are an integral component of automobiles and
are manufactured using raw materials such as natural rubber, nylon tire cord
fabric, and carbon black. Rubber chemicals and synthetic rubber, including
styrene-butadiene rubber and poly-butadiene rubber, are also used in
manufacturing tires. Agriculture tires are used in different agriculture
vehicles and equipment such as tractors, sowers, and harvesters. The use of
advanced equipment has had a significant improvement on crop yield and hence,
is leading to cultivators and farmers increasingly using agriculture vehicles
and equipment.
The agriculture tires market in Brazil is one of the
fastest growing tire markets in the world. Agriculture tire market is a derived
market and the demand depends directly on agriculture. Brazil is one of the
leading producers of a variety of agriculture commodities such as coffee,
sugarcane, and oranges. Brazil is the epicenter for Latin America's agricultural
activities and is one of the few countries that is still capable of increasing
its area under cultivation. The potential of Brazil's agricultural sector shows
that there is still a huge untapped market for agriculture equipment that would
enable farmers to improve the quality and yield of crops and reduce their
costs. There are a number of wide agriculture farms that employ close to 500
workers and these such farms accounts for more than 35 percent of employment
within the industry. As the farm sizes are huge, there is possibility that
there would be a need for bigger machines as in the machines with bigger tire
sizes.
The report covers the present scenario and the growth
prospects of the Agriculture Tires market in Brazil for the period 2015-2019.
The Agriculture Tires market in Brazil can be segmented into two based on
application: Tractors and Harvesters. To calculate the market size, the report
considers the combined sales of products in these two segments.
According to the report, modernization of agricultural
activities is leading to extensive use of farm equipment such as tractors and
combines, and in turn is increasing demand for this market. As well as
tractors, other agriculture equipment is being used, such as combine
harvesters, mowers, implements, irrigation equipment, sprayers, and balers.
Increase in demand for such equipment leads to increased demand for tires both
in the OEM and replacement categories.
Further, the report states that the slowing Brazilian
economy inhibits the growth of the Agriculture Tires market in Brazil.
The Agriculture Tires Market in Brazil 2015-2019, has
been prepared based on an in-depth market analysis with inputs from industry
experts. It covers the landscape of the Agriculture Tires market in Brazil and
its growth prospects in the coming years. The report includes a discussion of
the key vendors operating in this market.
Key players in the Agriculture Tires Market in Brazil
2015-2019: Balkrishna Industries, Bridgestone Corp., FATE, Michelin, Pirelli
Titan Tire Corp. and Trelleborg.
Other Prominent Vendors in the market are: Alliance,
Maggion, Mitas, Petlas and Rinaldi.
Key Market
Driver
- Favorable Government Policies
- For a full, detailed list, view our report
Key Market
Challenge
- Slowing Brazilian Economy
- For a full, detailed list, view our report
Key Market
Trend
- VF Tires
- For a full, detailed list, view our report
Key Questions
Answered in this Report
- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 96 pages, “Agriculture Tires Market in Brazil 2015-2019” report
covers Executive Summary, List of Abbreviations, Scope of the Report, Market
Research Methodology, Introduction, Tire Manufacturing, Tire Industry Supply
Chain, Tire Testing, Tire Disposal, Brazil: Overview, Market Landscape, Market
Segmentation by Application, Market Growth Drivers, Drivers and their Impact,
Market Challenges, Impact of Drivers and Challenges, Market Trends, Vendor
Landscape, Key Vendor Analysis.
For further information on this report, please visit- http://mrr.cm/4Pq
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