ResearchMoz.us includes new market research report " Agriculture Tires Market in Germany 2015-2019: Industry Size, Shares, Growth, Analysis, Trends And Forecast" to its huge collection of research reports.
Tires are an integral component of automobiles and are manufactured using raw materials such as natural rubber, nylon tire cord fabric, and carbon black. Rubber chemicals and synthetic rubber, including styrene-butadiene rubber and poly-butadiene rubber, are also used in manufacturing tires. Agriculture tires are used in different agriculture vehicles and equipment such as tractors, sowers, and harvesters. The use of advanced equipment has had a significant improvement on crop yield and, hence, is leading to cultivators and farmers increasingly using agriculture vehicles and equipment.
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The agricultural sector plays an important role in the German economy. It accounts for 2% of the country's GDP. Despite agriculture contributes a very small portion of the country's GDP, it is highly mechanized. Germany has an arable land of around 30 m acres, and this accounts for around one-third of the country's area. There has been a change observed in land holdings pattern in Germany due to the implementation of CAP. Larger farms have been replaced by the smaller holdings. The agriculture tires market in Germany to grow at a CAGR of 1.60% over the period 2015-2019.
Germany's agriculture machinery and equipment industry is ranked among the country's top 10 machinery and equipment sectors. German companies manufacture around 27% of the agricultural machinery and equipment components in Europe. The value chain of the agriculture machinery industry is a key to industry's success. The growth of agriculture tires market is directly related to the growth of agriculture machinery market in the country.
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Key Market Driver:
Technological advancements
For a full, detailed list, view our report
Key Market Challenge:
Low commodity prices
For a full, detailed list, view our report
Key Market Trend:
Stubble-resistant tires
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Key questions answered in this report:-
- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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