2020 after countering trade tensions and bad weather in
2019, that hampered the rubber planting and harvesting activities throughout North America, the COVID-19 (coronavirus) outbreak has caused more disruption in the market landscape. On the other hand, Indian tire manufacturer Apollo Tyres Ltd. is scaling back its production of passenger vehicles and is instead focusing on the production of agricultural tires in the Netherlands, Europe.
Manufacturers are abiding by the guidelines mentioned in the local health advisory to pursue their production activities amidst the COVID-19 era. As such, many production units have been temporarily shut down to flatten the curve of COVID-19 cases. In due course, companies in the agriculture tire market are taking efforts to evaluate market conditions in order to reopen their manufacturing facilities.