The global agricultural and industrial tires market is expected to grow annually by 5.3% during 2017-2022, reaching a market revenue of USD 1310.5 million by 2022.
The need for enhanced productivity and food demand has increased the use of various agricultural machinery, thus, the agriculture tire market is surging at a continuous rate. With the increasing urbanization and industrialization, the land use for agriculture purposes reduces and emphasis on farm mechanization increases, which further contributes to the agricultural and industrial tire market growth. The market is characterized by increasingly sophisticated tire designing. The market for radial tires had been growing, due to their specific designs that help to minimize the soil compaction. Moreover, with the powerful farm vehicles, the productivity and need for tires with improved traction on a wide range of surfaces are increasing. Tire manufacturers are now facing many challenges such as smart farming, autonomous vehicles or rising prices of raw materials. At the 3rd Annual Innovative Agricultural and Industrial Tire Development Forum we will focus on solutions to all these issues and much more.
Our TBM Tire Conference are the only interactive business forum for senior level professionals for TBR tires with perfectly balanced mix from tire manufacturers, leading OEMs, suppliers and regulators.