The US Farm Tire Market Report: 2015 Edition – New Report by Koncept Analytics

DELHI, India - May 8, 2015 - PRLog -- Farm income drives farm machinery sales. This implies that tire sales will be strong when farmers have higher disposable income. However, over the next two years, it is estimated that net farm income, production expenses, and total planted acreage will fall. The tire market tends to trend with farm net income. US net farm income, a measure of the sector's profitability, is forecast to be US$73.6 billion in 2015, down nearly 32% from 2014's forecast. Also, net farm income would not return to 2013’s record-high levels anytime in the near future. The 2015 forecast would be the lowest since 2009 and a drop of nearly 43% from the record high of US$129 billion in 2013. Lower crop receipts and livestock receipts are the main drivers of the change, as production expenses are projected up less than 1% and government payments are forecast to increase about 15% in 2015. This decrease in return will decrease the disposable income of the farmers thereby affecting the farm tire industry.

China is the center of the universe to the US tire industry. Imports are the main reason for brand proliferation in the US. More than 60 million consumer tires were imported from China alone representing one-quarter of all domestic replacement consumer tire shipments. Exports of US-made farm equipment fell in 2014 by 29% when compared to 2013. A total of US$8.51 billion worth of farm equipment was shipped to global markets. Overall, conditions for the US remained comparatively positive as it was supported by smaller equipment sales.

The use of agricultural tires dates back to early 19th century when traditional ways were abandoned in favor of more productive and functional rubber tires. The growing need for automation in the succeeding years due to growing demand for agricultural produce and evolving farm equipment led to several improvements in the technology of tires. Modern tires are designed to deliver maximum performance and are highly fuel efficient. In addition, other new technologies used in the manufacturing of farm tires have resulted in increased load capacity and improved flexibility resulting in less soil compaction. The farm tires can be categorized on the basis of construction types: Bias and Radial.

The US Farm Tire Market Report by Koncept Analyticspresents an exhaustive study ofUS farm tire marketalong with global and US tire market. It also encompasses a number of factors affecting the US farm tire industry coupled with recent trends and challenges hindering the growth of the industry. The company profile section of the report covers detailed description of the players operating in the US farm tire market along with in-depth analysis of regional competition among the major players. By deploying SPSS Inc.’s data integration and analysis capabilities, future growth prediction in terms of volume of the US farm tire shipmentshas also been analyzed in the report.

List of Charts

Global Tire Market (1998-2014)
Global Tire Market Volume by Region (2013)
Global Tire Market by Raw Materials (2014)
Global Tire Market Share by Company (2013)
The US Total Tire Shipments (2010-2014)
The US Replacement Tire Sales (2010-2014)
The US Replacement Tire Sales by Type (2014)
The US Replacement Passenger Tires Brand Shares (2014)
The US Replacement Light Truck Tires Brand Shares (2014)
The US Replacement Medium/Heavy Truck Tires Brand Shares (2014)
The US Consumer Tire Distribution Channel (2014)
The US Farm Tire Shipments (2010-2014)
The US Farm Tire Market Share by Segments (2014)
The US Replacement Farm Tire Sales (2010-2014)
The US Replacement Tire Market Share (2014)
The US Replacement Farm Tire Market by Category (2014)
The US Replacement Farm Tire Shipments by Category (2010-2014)
The US OE Farm Tire Shipments (2010-2014)
The US OE Farm Tire Market Share by Category (2014)
The US OE Farm Tire Shipments by Category (2010-2014)
The US Rear Farm Tire Market Share by Company (2014)
The US Radial Rear Farm Tire Market Share by Company (2014)
The US Bias Rear Farm Tire Market Share by Company (2014)
The US Small Farm Tire Market Share by Company (2014)
The US Rear OE Farm Tire Market Share by Company (2014)
The US Rear Radial OE Farm Tire Market Share by Company (2014)
The US Rear Bias OE Farm Tire Market Share by Company (2014)
The US Small Farm OE Tire Market Share by Company (2014)
The US Farm Income (2010-2015E)
The US Consumer Tire Imports from China (2010-2014)
Exports of US-Made Farm Equipment (2010-2014)
GDP Growth in the US (2009-2014E)
Natural and Synthetic Rubber Prices (2005-2015E)
Bridgestone's Revenue Share by Business Segment (2014)
Bridgestone’s Tire Segment Net Sales (2010-2014)
Michelin's Revenue Share by Business Segment (2014)
Michelin's Specialty Business Net Sales (2010-2014)
Trelleborg's Revenue Share by Business Segment (2014)
Trelleborg's Wheel Segment Net Sales (2010-2014)
Titan's Revenue Share by Business Segment (2014)
Titan’s Agricultural Segment Net Sales (2010-2014)
The US Farm Tire Shipments Forecast (2013-2018F)

List of Tables

Global Passenger Cars and Light Trucks Tire Market (2013-2014)
Global Trucks Tire Market (2013-2014)
World Leaders in New Tires Sales (2014 vs. 2013)
The US Replacement Tire Shipments by Categories (2001-2014)
The US OE Tire Shipments by Categories (2001-2014)
Leaders in New Tires Sales in the US/Canada (2014 vs. 2013)
The US Consumer Tire Import Breakdown by Country (2014 vs. 2013)
Top Number of Dealers and Outlets by Brands in the US (2014)
Top Countries Buying the US-made Farm Machinery (2014)
Dependent & Independent Variables (2010-2014)
Correlation Matrix
Model Summary – Coefficient of Determination
Regression Coefficients Output

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