The Global Tiller Machine Market is Projected to Reach US$2.5 Billion by 2025, Growing at a CAGR of 2.9%
The global Tiller Machine market is projected to reach US$2.5 billion by 2025, driven by the increasing demand from floriculture and environmental horticulture; and in the agricultural sector.
Global Industry Analysts, Inc. (GIA) launches comprehensive analysis of industry segments, market trends, growth drivers, market share, size and demand forecasts on the global Tiller Machine market. The segments covered in the study include Mechanism Type (Electric Tiller, Hydraulic Tiller); Power Capacity (Under 25 HP, 25 to 40 HP, 40 to 60 HP, 60 to 80 HP); Product Type (Front Tine, Rear Tine, Mini-Cultivators); Tilling Width (9 Inches, 14 Inches, 15 Inches, 16 to 36 Inches) ). Market estimates and projections/forecasts are provided for World, United States, Canada, Japan, China, Europe (France, Germany, Italy, United Kingdom, Spain, Russia, and Rest of Europe), Asia-Pacific (Australia, India, South Korea, and Rest of Asia-Pacific), Latin America (Argentina, Brazil, Mexico, and Rest of Latin America), Middle East (Iran, Israel, Saudi Arabia, United Arab Emirates, and Rest of Middle East), and Africa.
7 June 5:26 A.M., California/Marketwire/ - According to the new market research report, the global Tiller Machine market is projected to reach US$2.5 billion by 2025, driven by the increasing demand from floriculture and environmental horticulture; and in the agricultural sector. The growing consumer emphasis on leading healthy, active, outdoor lifestyles is creating new opportunities in gardening. A growing number of homeowners are investing in DIY gardening projects. The trend towards outdoor/backyard living with furnished patio, dining area, barbeque kitchens, activity areas like swimming pool, lounge area is creating increased need to maintain gardens and outdoor landscapes. Also, the growing focus on organic foods is resulting in a growing number of consumers developing their own organic vegetable gardens in their backyards. Given that garden spaces increase home value, there is growing interest in planting different types of shrubs, trees, and herbaceous plants in residential yards. In addition, municipalities are stepping up their investments in environmental horticulture to create public gardens and ornamental horticulture to rehabilitate degraded sites.
In the hospitality sector, strong emphasis is laid on gardenscapes given the commercial benefits of having gardens. All of these factors are benefiting demand for smaller petrol powered tillers. In the agricultural sector, opportunities are dictated by growing world population; the rising pressure on food production, productivity and yields; and growing importance of mechanized agricultural technologies against the backdrop of spiraling labor costs and labor shortages. Benefits offered by mechanization, in this regard, include increase in per man productivity; increased production in the form of higher yield of land per unit of area; lower cost of labor and a parallel reduction in cost of production and food prices; aids in better use of land; helps preserve soil fertility and reduce risk of soil erosion; helps farmers shift from 'subsistence farming' to 'commercial agriculture; reduces dependence on labor and decouples the industry from labor shortage risks; and higher farm income. While electric tillers are growing in popularity for gardening and landscaping activities, diesel tillers are witnessing strong demand in small agricultural farmlands. Increase in the number of luxurious villas and homes with winding garden walkways lined with trees, magnolia, chamomile and begonias, bode well for the sales of garden tillers and cultivators. The country's progress made in sustainable farming is evident in the profitability of small farmlands. Agricultural projects involving new concepts of sustainability, integrated farming, mechanization and farm management practices implemented by the Chinese government have successfully reached almost 22 million farmers across 40 million hectares of land. The scenario bodes well for powered agricultural/farm tillers in the country.
Competitors identified in this market include, among others, CRAFTSMAN (USA), Cub Cadet (USA), Champion Power Equipment (USA), Earthquake (USA), Frictionless World LLC (USA), Great Northern Equipment Distributing Inc. (USA), Greenworks Tools (USA), Honda Power Equipment (USA), Husqvarna AB (Sweden), Kubota Corporation (Japan), MacKissic Inc. (USA), Northwest Tillers Inc., Schiller Grounds Care Inc. (USA), Troy-Bilt LLC (USA), YARDMAX Power Products Inc. (USA), YANMAR CO. LTD. (Japan).
This latest edition of the research study is conducted and published by Global Industry Analysts, Inc., in close collaboration with senior executives in the industry driving strategy, business development, marketing, sales, product management, technology and operations. All analysis and findings published in the report are based on validated engagements from a total executive pool size of 2061. Among this pool, 371 direct interactions with domain experts were carried out via our proprietary market research platform, MarketGlass. Among the 62 unique participations, a total of 28 validated responses were received as part of this report's primary research outreach program. We are unique in the industry to provide our clients with the validated list executive engagements and the complete project data stack.
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