Overview of the Market for Agricultural and Construction Machinery Tire in Austria
The revenue of the market for tyres for agriculture, forestry, construction, industry and other off the road vehicles in Austria amounted to $ in 2018, approximately reflecting 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). Over the period under review, the total market indicated mild growth from 2007 to 2018: its value increased at an average annual rate of +% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, agricultural and construction machinery tire consumption increased by +% against 2015 indices. The growth pace was the most rapid in 2013 with an increase of % against the previous year. In that year, the market for agricultural and construction machinery tire reached its peak level of $. From 2014 to 2018, the growth of the market for agricultural and construction machinery tire remained at a lower figure.