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US Farm Tire Market: Insights & Forecast With Potential Impact Of COVID-19 (2020-2024)

Published on: May 2020 | From USD $1700 | Published By: KONCEPT ANALYTICS | Number Of Pages: 105

The global tire market is estimated to reach US$271 billion in 2024, growing at a CAGR of 2.45% for the period spanning from 2020 to 2024. The factors such as diminishing rural workforce and escalating population are expected to drive the market. However, growth of the industry will be challenged by declining net farm incomes, high volatility and tighter government and environmental regulation. A few notable trends include rising demand of wide-section tires, growing demand of eco-friendly tires and favorable government policies.

The US farm tire market is segmented into original and replacement tire. Replacement tires held the larger share in the US tire market attributable to increasing consumer preference for acceleration, grip and rise comfort, which is accelerating its demand in the market.

The market is expected to rise rapidly in the coming years owing to the rising population and rapid urbanization. Rising transport volume and increasing popularity of high performance tires would contribute to the growth of replacement tire market in the U.S. Long distance travel and growing demand for new vehicles supported the higher sales growth of original equipment tire market.

Scope of the report:

• The report provides a comprehensive analysis of the US farm tire market, segmented into original and replacement tire.
• The market dynamics such as growth drivers, market trends and challenges are analyzed in-depth.
• The competitive landscape of the market, along with the company profiles of leading players (Michelin SCA, Goodyear Tire & Rubber Company, Yokohama Rubber Co., Ltd, Titan International, Inc, Bridgestone Corporation and Continental AG)are also presented in detail.

Key Target Audience:

• Farm Tire Manufacturers
• End Users
• Raw Material Providers
• Consulting Firms
• Investment Banks
• Government Bodies & Regulating Authorities

1. Introduction

1.1 Tires
1.2 Types of Tires
1.3 Tires by Application
1.4 Farm Tires & Classification

2. Impact of COVID-19

2.1 Decline in Global GDP Growth
2.2 Rising Unemployment
2.3 Decline in Passenger Car and Light Truck Tire Demand
2.4 Decline in Truck & Bus Tire Demand

3. Global Tire Market

3.1 Global Tire Market by Value
3.2 Global Tire Market Forecast by Value
3.3 Global Tire Market Volume by Region
3.4 Global Tire Market Volume by Segments
3.4.1 Global Passenger Car & Light Truck Tire Market by Volume
3.4.2 Global Passenger Car & Light Truck Tire Market Forecast by Volume
3.4.3 Global Truck Tire Market by Volume
3.4.4 Global Truck Tire Market Forecast by Volume

4. The US Tire Market

4.1 The US Tire Shipment by Volume
4.2 The US Tire Shipment Forecast by Volume
4.3 The US Tire Shipment Volume by Segment
4.4 The US Replacement Tire Market
4.4.1 The US Replacement Tire Market by Value
4.4.2 The US Replacement Tire Market Forecast by Value
4.4.3 The US Replacement Tire Market Value by Application
4.4.4 The US Replacement Tire Market by Shipment Volume
4.4.5 The US Replacement Tire Market Forecast by Shipment Volume
4.4.6 The US Replacement Tire Market Shipment Volume by Application
4.5 The US OE Tire Market
4.5.1 The US OE Tire Market by Shipment Volume
4.5.2 The US OE Tire Market Forecast by Shipment Volume
4.5.3 The US OE Tire Market Shipment Volume by Application

5. The US Farm Tire Market

5.1 The US Farm Tire Market by Volume
5.2 The US Farm Tire Market Forecast by Volume
5.3 The US Farm Tire Market Volume by Segment
5.4 The US Replacement Farm Tire Market
5.4.1 The US Replacement Farm Tire Market by Shipment Volume
5.4.2 The US Replacement Farm Tire Market Forecast by Shipment Volume
5.5 The US OE Farm Tire Market
5.5.1 The US OE Farm Tire Market by Shipment Volume
5.5.2 The US OE Farm Tire Market Forecast by Shipment Volume

6. Market Dynamics

6.1 Growth Drivers
6.1.1 Diminishing Rural Workforce
6.1.2 Escalating Population
6.2 Key Trends & Developments
6.2.1 Rising Demand of Wide-Section Tires
6.2.2 Growing Demand of Eco-Friendly Tires
6.2.3 Favorable Government Policies
6.3 Challenges
6.3.1 Declining Net Farm Incomes
6.3.2 High Volatility
6.3.3 Tighter Government and Environmental Regulation

7. Competitive Landscape

7.1 Global New Tire Market Share by Company
7.2 The US Tire Market
7.2.1 The US/Canada New Tire Market Share by Company
7.2.2 The US Replacement Passenger Tire Market Volume by Company
7.2.3 The US Replacement Light Truck Tire Market Volume by Company
7.2.4 The US Retreaded Truck Tire Market Volume by Company
7.3 The US Farm Tire Market
7.3.1 The US OE Radial Rear Farm Tire Market Volume by Company
7.3.2 The US OE Bias Rear Farm Tire Market Volume by Company
7.3.3 The US OE Small Farm Tire Market Volume by Company
7.3.4 The US Replacement Radial Rear Farm Tire Market Volume by Company
7.3.5 The US Replacement Bias Rear Farm Tire Market Volume by Company
7.3.6 The US Replacement Small Farm Tire Market Volume by Company

8. Company Profiles

8.1 Compagnie Générale des Établissements Michelin SCA
8.1.1 Business Overview
8.1.2 Financial Overview
8.1.3 Business Strategies
8.2 Goodyear Tire & Rubber Company
8.2.1 Business Overview
8.2.2 Financial Overview
8.2.3 Business Strategies
8.3 Yokohama Rubber Co., Ltd.
8.3.1 Business Overview
8.3.2 Financial Overview
8.3.3 Business Strategies
8.4 Titan International, Inc.
8.4.1 Business Overview
8.4.2 Financial Overview
8.4.3 Business Strategies
8.5 Bridgestone Corporation
8.5.1 Business Overview
8.5.2 Financial Overview
8.5.3 Business Strategies
8.6 Continental AG
8.6.1 Business Overview
8.6.2 Financial Overview
8.6.3 Business Strategies


List of Figures

Different Types of Tires
Types of Tires by Their Applications
Types of Farm Tires
The U.S. GDP Growth Rate (2014-2021)
The U.S. Unemployment Rate (August 2019-March 2020)
Global Passenger Car and Light Truck Tire Demand Growth (March 2020)
Global Truck and Bus Tire Demand Growth (March 2020)
Global Tire Market by Value (2015-2019)
Global Tire Market Forecast by Value (2020-2024)
Global Tire Market Volume by Region (2019)
Global Passenger Car & Light Truck Tire Market by Volume (2015-2019)
Global Passenger Car & Light Truck Tire Market Forecast by Volume (2020-2024)
Global Truck Tire Market by Volume (2015-2019)
Global Truck Tire Market Forecast by Volume (2020-2024)
The US Tire Shipment by Volume (2015-2019)
The US Tire Shipment Forecast by Volume (2020-2024)
The US Tire Shipment Volume by Segment (2019)
The US Replacement Tire Market by Value (2015-2019)
The US Replacement Tire Market Forecast by Value (2020-2024)
The US Replacement Tire Market Value by Type (2019)
The US Replacement Tire Shipment by Volume (2015-2019)
The US Replacement Tire Shipment Forecast by Volume (2020-2024)
The US Replacement Tire Market Shipment Volume by Application (2019)
The US OE Tire Market by Shipment Volume (2015-2019)
The US OE Tire Market Forecast by Shipment Volume (2020-2024)
The US OE Tire Market Shipment Volume by Application (2019)
The US Farm Tire Market by Shipment Volume (2015-2019)
The US Farm Tire Market Forecast by Shipment Volume (2020-2024)
The US Farm Tire Market Shipment Volume by Segment (2019)
The US Replacement Farm Tire Market by Shipment Volume (2015-2019)
The US Replacement Farm Tire Market Forecast by Shipment Volume (2020-2024)
The US OE Farm Tire Market by Shipment Volume (2015-2019)
The US OE Farm Tire Market Forecast by Shipment Volume (2020-2024)
The U.S. Rural Population (2015-2019)
The U.S. Population (2015-2019)
The US Net Farm Incomes (2015-2019)
Global New Tire Market Share by Company (2019)
The US/Canada New Tire Market Share by Company (2019)
The US Replacement Passenger Tire Market Volume by Company (2019)
The US Replacement Light Truck Tire Market Volume by Company (2019)
The US Retreaded Truck Tire Market Volume by Company (2019)
The US OE Radial Rear Farm Tire Market Volume by Company (2019)
The US OE Bias Rear Farm Tire Market Volume by Company (2019)
The US OE Small Farm Tire Market Volume by Company (2019)
The US Replacement Radial Rear Farm Tire Market Volume by Company (2019)
The US Replacement Bias Rear Farm Tire Market Volume by Company (2019)
The US Replacement Small Farm Tire Market Volume by Company (2019)
Michelin SCA Net Sales by Segments (2019)
Michelin SCA Net Sales by Region (2019)
Michelin SCA Net Sales and Net Income (2015-2019)
Goodyear Net Sales by Segments (2019)
Goodyear Net Sales and Net Income (2015-2019)
Yokohama Net Sales by Segments (2019)
Yokohama Net Sales by Geographical Segment (2019)
Yokohama Net Sales and Net Income (2015-2019)
Titan International, Inc. Net Sales by Segments (2019)
Titan International, Inc. Net Sales and Net Income (2015-2019)
Bridgestone Corporation Net Sales by Segments (2019)
Bridgestone Corporation Net Sales by Region (2019)
Bridgestone Corporation Net Sales and Profit (2015-2019)
Continental AG Net Sales by Segments (2019)
Continental AG Net Sales by Region (2019)
Continental AG Net Sales (2015-2019)

SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.

PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.

MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.

EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.

REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.

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