The global farm tire market is expected to observe high growth due to rising demand for farm tires in agricultural vehicles, as well as the growth of the agricultural industry. Farmers’ use of sophisticated technology to boost agricultural yields and satisfy growing food demand is expected to be a significant factor for driving market expansion. In addition to that, sale of tractors have increased significantly in recent years as a result of increased demand for technical advancements, resulting in a favorable influence on market growth.
Because of the existence of a number of major industrial facilities and the country’s expanding population, the market in China is expected to develop rapidly in the next few years to come. Furthermore, advancements in agricultural technology and favorable legislation are projected to help the agriculture industry’s expansion, resulting in increased demand for associated items such as tires.
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Increasing Use in Farm Tires in the Agricultural Sector to Meet Rising Food Demand to Drive Market Growth
Rapid urbanization, along with rising living standards, has put a strain on food supply and productivity all over the world. The growth of the agricultural sector to satisfy growing food consumption is expected to boost demand for agricultural vehicles, therefore fuelling demand in the global farm tire market in the years to come.
Increased demand for items with exceptional characteristics, such as wear and tear resistance and high puncture resistance, is expected to drive production of quality product. Furthermore, the increased production of farm tires, along with expanding global demand for the same, is expected to drive the market forward.
Local businesses tend to concentrate on their core competencies and retain clients by delivering customized services to manufacturers of harvester and tractor. As the need for farm tires grows in the agricultural business as the demand for agricultural products grows, companies in the industry are focusing on improving their production capacity.
The development of different types of harvesters to fit agricultural demands is projected to increase demand for farm tires in the harvesters market. Crop-specific harvesters, for example, were created by John Deere to satisfy the needs of farmers, making it easier to harvest crops like sugarcane and maize.
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