US Farm Tire Industry Forecasts to 2018
Agricultural/farm tires are a sub-segment of specialty tires and are used for various farm vehicles such as tractors, combines, sprayers, trailers and harvesters. Global OE demand ended the year down sharply in mature markets, due to the extensive replacement sales of farm machinery in recent years, falling grain prices and the reduction in agricultural tax incentives in the US. In 2014, the replacement market in Europe was stable whereas the North American replacement market was significantly lower than previous year. The US farm tire market has two segments, replacement (RT) and original equipment (OE) farm tires, and is further categorized into radial bias and small farm types. Complete report available at http://www.marketreportsonline.com/406895.html . The replacement segment accounts for the maximum share of the total US farm tire market. Apart from number of companies engaged in the manufacturing of farm tires, Firestone enjoys a clear leadership in both the s...