Flexion Tire Market Report : Industry Trends

Global Flexion Tire Market Research Report Forecast: (2022-2027)

By Application (Harvesters, Tractors), By Sales Channel (OEMs, Aftermarket), By Type of Tire (Very High Flexion, High Flexion), By Region (North America, South America, Asia-Pacific, Europe, Middle Ea... ... c, Europe, Middle East & Africa), By Countries (The US, Canada, Mexico, Brazil, Argentina, Germany, The UK, France, Spain, Italy, UAE, Saudi Arabia, South Africa, Egypt, China, India, Japan, South Korea, Australia), By Company (Michelin, Titan International, Inc., Continental AG, Trelleborg AB, Firestone Tire & Rubber Company, Alliance Tire Group, Others) Read more

Tire
Apr 2022
Pages 211
Report Format: PDF, Excel, PPT

Market Definition

Flexion tires are designed mainly to offer strength & durability to vehicles and allow them to carry a substantial load at low air pressure with minimal soil compaction. These tires with a larger contact surface area are used extensively in harvesters & tractors and thus strike a balance between flexibility & robustness.

Market Insights

The Global Flexion Tire Market is projected to grow at a CAGR of over 5.8% during the forecast period, i.e., 2022-27. Most of this market expansion would attribute to the exponentially rising population and the immense pressure on the agriculture sector, i.e., instigating governments of different countries worldwide to invest substantially in farm mechanization to enhance crop yield.

It, in turn, is demonstrating a swift escalation in the sales of tractors & other agricultural vehicles and increasing demand for flexion tires, as these tires are excellent in maintaining the vehicle balance while carrying a massive load and possess self-cleaning capabilities.

Report Coverage	Details
Study Period	Historical Data: 2017-20
	Base Year: 2021
	Forecast Period: 2022-27
CAGR(2022-27)	5.8%
Regions Covered	North America: US, Canada, Mexico
	Europe: Germany, UK, France, Spain, Italy, Others
	Asia-Pacific: China, India, Japan, South Korea, Australi, Others
	South America: Brazil, Argentina, Others
	Middle East & Africa: UAE, Saudi Arabia, South Africa, Egypt, Others
Key Companies Profiled	Michelin, Titan International, Inc., Continental AG, Trelleborg AB, Firestone Tire & Rubber Company, Alliance Tire Group, Others
Unit Denominations	USD Million/Billion

Besides, changing stature of arable land, depleting soil conditions, and ever-increasing food requirements also portray a mounting need for farm mechanization, i.e., directly impacting the demand for tractors & harvesters and their flexion tires. Moreover, since heavy agricultural machinery requires timely repairs & replacements, it projects remunerative growth prospects for the global flexion tires market throughout 2027.

Impact of Covid-19 on the Global Flexion Tire Market

The automotive & tire industries worldwide witnessed severe impacts of the Covid-19 pandemic in 2020, which led to several unprecedented challenges for the leading players in the Global Flexion Tire Market. Lockdowns & strict movement restrictions imposed by governments of different countries worldwide resulted in the suspension of all business operations associated with these industries. As a result, the leading tire manufacturers worldwide faced massive financial losses due to a shortage of raw materials, supply chain disruptions, delivery & production delays, & price fluctuations amidst the crisis.

However, as Covid-19 cases started diminishing gradually, restrictions were uplifted & business operations got recommenced, which helped tire manufacturers resume their usual business operations to cater to end-user requirements. Moreover, in light of the pandemic, most tire manufacturers adopted digital platforms to sell their products via e-commerce websites and offer door-step delivery & installation to their customers, which also helped the global market to sustain amidst the pandemic.

Introduction
1. Market Segmentation
2. Product Definition
3. Research Process
4. Assumptions
Executive Summary
Global Flexion Tire Market Overview
Expert Verbatim- What our Experts Say?
Global Flexion Tire Market Outlook, 2017-2027
1. Market Size & Analysis
  1. Revenues
  2. By Units Sold
2. Market Share & Analysis
  1. By Application
    1. Harvesters
    2. Tractors
    3. Others
  2. By Sales Channel
    1. OEMs
    2. Aftermarket
  3. By Type of Tire
    1. Very High Flexion
    2. High Flexion
  4. By Region
    1. North America
    2. South America
    3. Asia-Pacific
    4. Europe
    5. Middle East & Africa
  5. By Company
    1. Market Shares, By Revenue
    2. Strategic Factorial Indexing
    3. Competitor Placement in MarkNtel Quadrant
3. Market Attractiveness Index
  1. By Application
  2. By Sales Channel
  3. By Type of Tire
  4. By Region
North America Flexion Tire Market Outlook, 2017-2027
1. Market Size & Analysis
  1. Revenues
  2. By Units Sold
2. Market Share & Analysis
  1. By Application
  2. By Sales Channel
  3. By Type of Tire
  4. By Country
    1. The US
    2. Canada
    3. Mexico
3. Market Attractiveness Index
  1. By Application
  2. By Sales Channel
  3. By Type of Tire
  4. By Country
South America Flexion Tire Market Outlook, 2017-2027
1. Market Size & Analysis
  1. Revenues
  2. By Units Sold
2. Market Share & Analysis
  1. By Application
  2. By Sales Channel
  3. By Type of Tire
  4. Country
    1. Brazil
    2. Argentina
    3. Others
3. Market Attractiveness Index
  1. By Application
  2. By Sales Channel
  3. By Type of Tire
  4. By Country
Asia- Pacific Flexion Tire Market Outlook, 2017-2027
1. Market Size & Analysis
  1. Revenues
  2. By Units Sold
2. Market Share & Analysis
  1. By Application
  2. By Sales Channel
  3. By Type of Tire
  4. Country
    1. China
    2. India
    3. Japan
    4. South Korea
    5. Australia
    6. Others
3. Market Attractiveness Index
  1. By Application
  2. By Sales Channel
  3. By Type of Tire
  4. By Country
Europe Flexion Tire Market Outlook, 2017-2027
1. Market Size & Analysis
  1. Revenues
  2. By Units Sold
2. Market Share & Analysis
  1. By Application
  2. By Sales Channel
  3. By Type of Tire
  4. Country
    1. Germany
    2. The UK
    3. France
    4. Spain
    5. Italy
    6. Others
3. Market Attractiveness Index
  1. By Application
  2. By Sales Channel
  3. By Type of Tire
  4. By Country
Middle East & Africa Flexion Tire Market Outlook, 2017-2027
1. Market Size & Analysis
  1. Revenues
  2. By Units Sold
2. Market Share & Analysis
  1. By Application
  2. By Sales Channel
  3. By Type of Tire
  4. By Country
    1. UAE
    2. Saudi Arabia
    3. South Africa
    4. Egypt
    5. Others
3. Market Attractiveness Index
  1. By Application
  2. By Sales Channel
  3. By Type of Tire
  4. By Country
Global Flexion Tire Market Policies, Regulations, Product Standards
Key Strategies Adopted by High Flexion Tire Suppliers
Global Flexion Tire Market Trends & Insights
Global Flexion Tire Market Dynamics
1. Growth Drivers
2. Challenges
3. Impact Analysis
Global Flexion Tire Market Hotspot & Opportunities
Global Flexion Tire Market Key Strategic Imperatives for Success & Growth
Competition Outlook
1. Competition Matrix
  1. Product Portfolio
  2. Target Markets
  3. Target End Users
  4. Research & Development
  5. Strategic Alliances
  6. Strategic Initiatives
2. Company Profiles of top companies (Business Description, Product Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans)
  1. Michelin
  2. Titan International, Inc.
  3. Continental AG
  4. Trelleborg AB
  5. Firestone Tire & Rubber Company
  6. Alliance Tire Group
Disclaimer

MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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