Global Agricultural Tires Market Envisioned To Value Over USD 9 Billion By 2026 End
FutureWise Research - 27 days ago
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The global agriculture tire market is estimated to value over USD 9 billion and register a CAGR over 5.2% during the forecast period 2019-2026.
Increase in need of enhanced productivity due to growing food demand globally has propelled the demand for agriculture equipment. The growing demand for agricultural equipment has positively influenced the agriculture tire market. Elevation in the fleet size of tractors in developing countries and technological advancements in farming techniques are primary factors stimulating the market growth. Furthermore, modification in tractors has resulted in compatibility with the latest farming equipment which has elevated the adoption, therefore resulting in the propelling the market.