Report Published: "Agriculture Tires Market in Germany 2015-2019"
New Transportation market report from TechNavio: "Agriculture Tires Market in Germany 2015-2019"
[USPRwire, Wed May 20 2015] 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 agricultural sector plays an important role in the German economy. It accounts for 2% of the country's GDP. Despite agriculture contributes a very small portion of the country's GDP, it is highly mechanized. Germany has an arable land of around 30 m acres, and this accounts for around one-third of the country's area. There has been a change observed in land holdings pattern in Germany due to the implementation of CAP. Larger farms have been replaced by the smaller holdings. Germany's agriculture machinery and equipment industry is ranked among the country's top 10 machinery and equipment sectors. German companies manufacture around 27% of the agricultural machinery and equipment components in Europe. The value chain of the agriculture machinery industry is a key to industry's success. The growth of agriculture tires market is directly related to the growth of agriculture machinery market in the country.
Technavio's analysts forecast the agriculture tires market in Germany to grow at a CAGR of 1.60% over the period 2015-2019.
Covered in this Report
The report covers the present scenario and the growth prospects of the agriculture tires market in Germany for the period 2015-2019.
Technavio's report, the Agriculture Tires Market in Germany 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. It covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
Key Vendors
* Apollo Vredestein
* Bridgestone Europe
* BRISA Bridgestone Sabanci Tire Manufacturing and Trading
* Michelin
* Mitas
* Pirelli
* Technological advancements
* For a full, detailed list, view our report
Key Market Challenge
* Low commodity prices
* For a full, detailed list, view our report
Key Market Trend
* Stubble-resistant tires
* For a full, detailed list, view our report
Key Questions Answered in this Report
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