Global Flexion Tire Market Analysis, 2020

Global Flexion Tire Market Analysis, 2020

By Application (Harvesters, Tractors, Others), By Sales Channel (OEMs, Aftermarket), By Type of Tire (Very High Flexion, High Flexion), By Region (North America, Europe, Asia-Pacific, Middle East, and Read more

  • Tire
  • Apr 2020
  • 211
  • TR33002

The Global Flexion Tire Market Analysis, 2020 research report depicts an exhaustive market analysis of statistics of the Global Flexion Tire market which consists of global and region-wise market size, market forecast, CAGR market segmentation, market share of various applications, sales channel, type of tires, etc.

Report Coverage Details
Study Period   Historical Data: 2015-19
  Base Year: 2019
  Forecast Period: 2020-25
Regions Covered   North America
  Europe
  Asia-Pacific
  South America
  Middle East & Africa
Unit Denominations   USD Million/Billion

According to MarkNtel Advisors’ research report titled “Global Flexion Tire Market Analysis, 2020”, the Flexion Tire market across the globe is forecast to grow at the CAGR of more than 5.8% during 2020-25. The major factors contributing to the growth of the Global Flexion Tire market are increasing demand for more powerful and heavier tractors, technological advancement in tire technology, and added benefits such as high carry load, reduced soil compaction, etc. However, the COVID-19 pandemic is expected to adversely impact the market for during 2020-21 due to the shutdown and curfew across regions.

 

Moreover, increasing awareness about the benefits of flexion tires such as boosting productivity, being long-lasting, etc. are some of the key contributing factors for the growth of Flexion Tire market across the globe. However, the cost of the flexion tires acts as a market hinderances, since they cost around 10-15% more in comparison to a standard farm tire.

The Asia-Pacific to Dominate in Forthcoming Years

In 2019, the Asia-Pacific region had the leading market share owing to the presence of flexion tire manufacturers due to the vast availability of rubber in the region. Moreover, the international players are entering the region as the governments in the countries such as India and China are investing in modernization of the agriculture sector, which is resulting in the growing demand for tractors, therefore the market share of flexion tires is also increasing.

Tractors to Witness Robust Growth of Flexion Tires

In 2019, tractors application of flexion tires acquired the major market share as the companies are launching the tractors with technological advancement. Furthermore, the increasing sales of the tractor in the region with the growing agriculture sector and support from the food companies are some of the key factors for the growth in the market share of tractors application in the Global Flexion Tire market.

By the sales channel, the aftermarket formed a considerable market share owing to the need for periodic maintenance of tires and replacement demand. Furthermore, the wide distribution network of the companies across the globe, coupled with viable aftersales services are some of the key factors contributing to the growth of the market share of the aftermarket. However, technological innovation in the flexion tires by the manufacturers can surge the market share for OEMs in the forecast period 2020-25, as stated in the MarkNtel Advisors’ research report “Global Flexion Tire Market Analysis, 2020”.  

According to MarkNtel Advisors, the Global Flexion Tire market is highly consolidated due to the presence of less number of players in the industry. The key players with a considerable market share in the industry are Michelin, The Goodyear Tire & Rubber Company, Titan International, Inc., Continental AG, Bridgestone Corporation, Trelleborg AB, Firestone Tire & Rubber Company, Alliance Tire Group, etc. These companies are offering strategic services and new tires in different size category to increase their market share in the industry.

Key Questions Answered in the Market Research Report

  1. What are the key overall market statistics or market estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of the Global Flexion tire industry? 
  2. What are the country-wise industry size, growth drivers and challenges, and key market trends?
  3. What are the key innovations, technology upgrades, opportunities, regulations, growth drivers and challenges in the Global Flexion tire market? 
  4. Who are the key competitors or market players and how they perform in a Flexion tire benchmarking matrix?
  5. What are the key results derived from the market surveys conducted during the course of the Global Flexion tire market study?  

Market Outlook, Segmentation, and Statistics 
Global Flexion Tires Market Analysis, 2015-2025F

  • Market Size & Analysis
    • Revenues
    • Units Sold
  • Market Share & Analysis
    • By Application
      • Harvesters
      • Tractors
      • Others
    • By Sales Channel
      • OEMs
      • Aftermarket
    • By Type of Tire
      • Very High Flexion
      • High Flexion
    • By Region
      • North America
        • The U.S
        • Canada
        • Mexico
      • South America
        • Brazil
        • Argentina
      • Asia-Pacific
        • India
        • China
        • Japan
        • South Korea
        • Australia
      • Europe
        • Germany
        • The UK
        • France
        • Spain
        • Italy
      • Middle East & Africa
        • UAE
        • Saudi Arabia
        • South Africa
        • Egypt
    • By Company
      • Market Shares, By Revenue
      • Strategic Factorial Indexing
      • Competitor Placement in MarkNtel Quadrant
  • North America Flexion Tire Market Outlook (Market Size, Forecast & Analysis), 2015-2025F (USD Million & Units Sold in Million)
  • South America Flexion Tire Market Outlook (Market Size, Forecast & Analysis), 2015-2025F (USD Million & Units Sold in Million)
  • Europe Flexion Tire Market Outlook (Market Size, Forecast & Analysis), 2015-2025F (USD Million & Units Sold in Million)
  • Asia-Pacific Flexion Tire Market Outlook (Market Size, Forecast & Analysis), 2015-2025F (USD Million & Units Sold in Million)
  • The Middle East and Africa Flexion Tire Market Outlook (Market Size, Forecast & Analysis), 2015-2025F (USD Million & Units Sold in Million)
  • Global Flexion Tire Market Policies, Regulations, Product Standard
  • Global Flexion Tire Market Intellectual Property Rights Analysis
  • Global Flexion Tire Market Hotspots & Opportunities
  • Competition Outlook
    • Competition Matrix
    • Company Profiles

Frequently Asked Questions 

Q. What is the historical year, base year and forecast year considered in the research report on Global Flexion Tire Market?
A. The historical data has been provided since 2015, while the base year is 2019 and the data is forecast up-to 2025.

Q. What are the units or denomination for measuring market value and market volume in the report?
A. The market size/industry size or the market value is measured in terms of USD Million while the market volume is in Thousands. 

Q. What would be the growth rate or CAGR of Global Flexion Tire Market during 2020-25?
A. The Global Flexion Tire Market is expected to grow at a CAGR of more than 5% during 2020-25.

Q. Which region would grab the highest market share during 2020-25?
A. It is forecast that Asia Pacific will dominate the market with the majority market share, with market size registering considerably higher CAGR.

Q. Who are the key competitors or players operating the Global Flexion Tire market? 
A.  Michelin, Goodyear Tire & Rubber Company, Titan International, Inc., Continental AG, Bridgestone Corporation, Trelleborg AB, Firestone Tire & Rubber Company, Alliance Tire Group, etc. are the leading players in the Global Flexion Tire Market.

Q. Which application segment would emerge as an opportunity area for players in Global Flexion Tire Market?
A. Tractor segment is expected to attain the highest CAGR during the forecast period and maintain its significant market share.

Q. Which sales channel would emerge as an opportunity area for players in Global Flexion Tire Market?
A. The Aftermarket grabbed a significant market share continue to grow at the highest CAGR, presenting immense opportunities for manufacturers and suppliers of Global Flexion Tire Market.

  1. Introduction
    1. Market Segmentation
    2. Product Definition
    3. Research Process
    4. Assumptions
  2. Executive Summary
  3. Global Flexion Tire Market Overview
  4. Expert Verbatim- What our Experts Say?
  5. Global Flexion Tire Market Outlook, 2015-2025F
    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
  6. North America Flexion Tire Market Outlook, 2015-2025F
    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
  7. South America Flexion Tire Market Outlook, 2015-2025F
    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
  8. Asia- Pacific Flexion Tire Market Outlook, 2015-2025F
    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
  9. Europe Flexion Tire Market Outlook, 2015-2025F
    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
  10. Middle East & Africa Flexion Tire Market Outlook, 2015-2025F
    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
  11. Global Flexion Tire Market Policies, Regulations, Product Standards
  12. Key Strategies Adopted by High Flexion Tire Suppliers
  13. Global Flexion Tire Market Trends & Insights
  14. Global Flexion Tire Market Dynamics
    1. Growth Drivers
    2. Challenges
    3. Impact Analysis
  15. Global Flexion Tire Market Hotspot & Opportunities
  16. Global Flexion Tire Market Key Strategic Imperatives for Success & Growth
  17. 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. The Goodyear Tire & Rubber Company
      3. Titan International, Inc.
      4. Continental AG
      5. Bridgestone Corporation
      6. Trelleborg AB
      7. Firestone Tire & Rubber Company
      8. Alliance Tire Group
  18.  Disclaimer
Global Flexion Tire Market Analysis, 2020