New Report "The U.S Farm Tire Market Report" available through Aarkstore Enterprise

April 10, 2010 - PRLog -- The U.S tire industry is highly concentrated with top four companies generating more than ninety percent of total sales. The U.S agricultural tire demand has remained fairly strong in 2009 but not as robust as it was in 2008. Original equipment tire shipments have been particularly impacted in a negative way due to the slowdown in orders from farm equipment manufacturers.

The farm tire market is divided into two segments namely, bias and radial, according to construction types. Although most of the farm tires are bias ply but the trend is changing towards the usage of radial tires. The demand for radial tires which are more beneficial in reducing compaction and better to handle heavy loads has far outstripped supply for the last few years.

Shift in agriculture towards large-scale farming has boosted the demand for bigger machines and thus larger tires. Improving living standards in the U.S and demand for food products are also driving investment in agriculture.

The pursuit of improved agricultural productivity favors larger cultivated areas. Technological developments in agriculture have been particularly influential in driving changes in the farm sector. The growing use of purchased inputs for farm production has increased the demand for farm equipments like tractors and agricultural combines and consequently farm tires. The net farm income and total crop production is also expected to increase in future years. Farm tire manufacturers have benefited from the strong agricultural economy over the past several years as farmers reinvest in larger, more powerful machinery.

Although there are number of companies engaged in the manufacturing of farm tires, Firestone enjoys a clear leadership in both the segments i.e. OE and RT. The other major players include Goodyear, Michelin, Titan and Trelleborg.

The current report covers the overview, market size and segmentation of the U.S farm tire market. The various drivers, opportunities and the challenges faced by the market are also discussed in detail. The competitive aspect of the market is also highlighted and the key players are profiled with their strategies for this market.

By combining SPSS Inc.’s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of the industry. We employed various significant variables that have an impact on this industry and created regression models with SPSS Base to determine the future direction of the industry. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables and tests.

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