The Global Rotary tiller market was valued at USD 18,863.4 Million in 2019 and is anticipated to expand at a CAGR of 7.8% during the forecast 2020-2027. The market is expected to grow owing to the increase in world population which is resulting in more demand of food, challenging the agriculture. These factors are surging the demand for speed rotary tillers which are sustainable and are available easily in several options. Besides the awareness about living the sustainable life, people are growing their own food in the backyards and home gardens, which is resulting in rise in demand for small rotary tillers for gardening purpose.
Market Dynamics As mentioned in the introduction, the main driver in sale of rotary tillers is the surging population which is increasing the demand for more food resources. This, in return, persuading the agriculture industry to include 2-3 crops a year for the cultivation. Being a power tool it is dependent on source of power, which cane restrain the growth of rotary tiller market. The opportunities rotary tiller market is having seem to be bright owing to the development in the agricultural industry and gardening which is leading to rising demand for rotary tiller.
Segmental Outlook
By Type Segment Based on type, the market is segmented into front tine and rear tine. The front tine segment is projected to hold a significant market share and is expected to expand at a lucrative CAGR during the forecast period. This type is ideal for home gardens, landscaping and gardening situations. These tillers are usually smaller in size and are easier to handle during operation than pull-behind units, making them l it a dominant segment in the rotary tillers market.
Front tine: In front tine rotary tiers, tines are located in front of the wheels and motor/ engine is placed exactly above the tines. This type of structure makes the product to use in smaller places like gardens.
Rear tine: In rear tine rotary tillers, tines follow the wheel, gaining the power from engine to the wheel and to the tines. This type of design makes it best for breaking up the hard soil. Rear tine type is ideal for rocky or muddy area which is large in size, such as farms and forest areas.
By Application Segment In terms of applications, rotary tiller market is segmented into commercial, agricultural, garden, forestry and others. Gardening tool is the widely used application for rotary tiller followed by agricultural uses and then others.
Commercial: Commercial buyers are the ones who create the market for both front tine and rear tine rotary tilers.
Agricultural: The main demand for rear tine rotary tillers comes from agricultural segment, considering its ability to do heavy duty work time cost efficiently.
Garden: The growing demand for front tine rotary tillers in the garden arena Owing to its workability in the confined spaces.
Forestry: The surging demand for rear tine rotary tillers is due to its capability to do heavy duty jobs with muddy pads, rocky land or hard soil.
Regional Outlook
Based on regions, the global rotary tiller market is into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. The market in Asia pacific region is expected to grow with a significant CAGR of around 7.1% during the forecast period 2020-2027. This is due to the increase in the demand for food supplies for growing population in this region. Countries such as China and India are dominating the rotary tiller market in Asia pacific region. The presence of age old farming culture in this region and the growing popularity of time efficient, consistent power tools in agriculture to save the labour charges is augmenting the market growth. Along with this, the growing sustainable home garden culture is going to push the market to new heights. Following the Asia Pacific region, the e market in North America is anticipated to grow at robust rate, followed by other regions
|