Overview of the Market for Agricultural, Construction and Industrial Machinery Tire in Germany
In value terms, production of tyres for agriculture, forestry, construction, industry and other off the road vehicles amounted to $ in estimated in export prices. Overall, production, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2018 when the production volume increased by % y-o-y. Production peaked at $ in 2007; however, from 2008 to , production remained at a lower figure.
The value of the market for tyres for agriculture, forestry, construction, industry and other off the road vehicles in Germany totaled $ in , flattening at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate temperate growth. The most prominent rate of growth was recorded in 2008 when the market value increased by % y-o-y. As a result, consumption reached the peak level of $. From 2009 to , the growth of the market remained at a lower figure.