Forestry Equipment Tires Market: Industry Insights, Trends and Forecast up to 20
Posted by Harsh on January 6th, 2020
Manufacturers offering new Tires for Forestry Equipment to Reduce Maintenance Cost and Enhance Performance
Increasing mechanization in farming operations, development of advanced machinery, and technological advancements are driving the demand for forestry equipment. With tires being the most expensive wear item on the equipment, OEMs are developing more versatile, durable, and efficient tires for forestry equipment.
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With forestry equipment users paying specific attention to the cost, manufacturers are developing forestry equipment tires for specific applications to ensure productivity, reduced maintenance cost, and on-time performance for end-user. Shift towards automation and mechanization in forestry operations, and rise in the conversion of forest area into agricultural lands are also driving the demand for forestry equipment, thereby, resulting in the significant growth in the forestry equipment tires market.
In terms of raw materials, manufacturers are increasingly focusing on using natural rubber as the main raw material using various processes to solidify it in order to produce raw rubber. For instance, Alliance Tire Group recently introduced a pair of steel belted forestry tires. These new tires feature special resistant compound to meet the challenges faced by tires on heavy CTL machinery. Another company, known as Titan International in 2018 launched new higher-ply tires to address higher load capacity and torque requirement in forestry equipment.
Although, synthetic rubber is also used made from polymers found in crude oil to produce tires for forestry equipment. With the development of advanced forestry equipment tires, manufacturers are also focusing on eliminating the vibration and noise with help of advanced tires in the forestry machines. Along with new raw materials being used to make tires to meet various requirements, tests are also being conducted, especially destructive testing by tire manufacturers to ensure proper functioning of tires on forestry equipment, meeting a particular requirement.
According to the latest study, growth in roundwood output and increasing spending on the forestry equipment as part of mechanization of forestry operations is driving the demand for forestry equipment tires in the US. Meanwhile, increased adoption of forestry equipment and high replacement rate is fueling the demand forestry equipment tires market in Europe. Also, recovery of the construction industry in developed regions is driving demand for wood, thereby, supporting forestry equipment tire market growth.
Moreover, with the rapid rise in urbanization in countries such as Argentina, China, Brazil, and India, harvesters are used on a large scale to cut trees from the base, this is resulting in the development of new forestry tires especially for harvesters in these countries. According to the new study, forestry equipment tires market is projected to create an incremental opportunity of US$ XX million between 2018 and 2028.
However, as per the study, forestry equipment are expensive and require periodic maintenance, hence, end-users are renting forestry equipment, rather than buying them. This is likely to drive demand for forestry tires for replacement in existing forestry equipment. Moreover, high forestry equipment and maintenance cost are likely to restrict its adoption in developing countries, this, in turn, is expected to restrain the growth of forestry equipment tires in these regions.
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About the AuthorHarsh
Joined: April 9th, 2019
Articles Posted: 457
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