Agricultural Tire Market 2022 Size, Share, Major Factors, Top Companies, Future Scenario, End Users and Forecast by 2030
Agricultural Tires Market is projected to be worth USD 10.87 billion by 2027, registering a CAGR of 5.41% during the forecast period (2021 – 2027), The market was valued at USD 7.5 billion in 2020. The global Agricultural Tires Market is anticipated to grow moderately during the forecast period, owing to rising demand for automation in farming activities and growing mechanization in agriculture. These factors are expected to propel the demand for agricultural tires in the coming years. Key Players Key players operating in the Global Agricultural Tires Market are Bridgestone Corp., Trelleborg AB, Continental AG, Balakrishna Industries Limited, Titan International, Inc., Michelin, Nokian Tires PLC, Pirelli amp; C SpA, Alliance Tire Group, and Apollo Tires. COVID-19 Impact on the Global Agricultural Tires Market The global outbreak of a novel coronavirus pandemic is likely to induce a slight slowdown in the industry. Due to labor shortages, manufacturing operations have come to