Some of the prominent participants in the global market for farm tire are Bridgestone Corporation, Balkrishna Industries Limited (BKT), Continental AG, TBC Corp., The Goodyear Tire & Rubber Company, Michelin, Mitas Tires Global Inc., Pirelli & C. S.P.A., Titan International, and Sumitomo Rubber Industries Ltd.
In order to gain an edge over their competitors, keen players in the global market for farm tire are pouring money to upgrade their production processes and also trying to improve their product portfolios. While well-entrenched big players are banking on better production processes to reduce operational costs and increase profit margins, upcoming players are setting up manufacturing facilities in emerging economies of China and India to take advantage of low cost labor and land.
