The global cultivator and tiller machinery market is expected to register a CAGR of 4.1% during the forecast period of 2018–2023. Asia-Pacific has covered a major share in the market in 2017 and is expected to remain so, owing to the increase in the utilization of cultivators in small farms, as powerful cultivators are much cheaper and work similar to small hp four-wheeled tractors.
Improvement in productivity and ease of doing chores are the major reasons for the growing popularity of cultivators and tillers in agriculture. The growing population, food demand, and necessity to increase yields are the primary drivers of the market. The demand for these products is increasing in developing countries, like China, India, and Brazil, as a result of government subsidies. The prospect of cultivating and tilling machinery looks bright, as more and more farmers are adopting automation and precision agriculture practices in developing countries.
Asia-Pacific dominates the market in terms of volume. Europe and North America have significant shares in both high-powered cultivators and gardening tillers. Also, market penetration opportunities lie in other developing regions, such as South America and Africa.
Source: csam.org/ Mordor Intelligence Analysis
The used tiller machinery also has a significant demand in the market, as these products are offered at much lower prices, targeting the low-income customers, such as small-scale farmers. It has been identified that the farmer’s main objective is to achieve low agricultural expenses during the cultivation process. This objective compels farmers to purchase low-cost machinery like tillers, in their small and medium-scale agricultural lands.
Major Players: Yanmar Co. Ltd, Husqvarna, Honda, and Kubota Corporation, among others.
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1.1 Research Methodology
1.2 General Study Assumptions
2. Research Methodology
2.2 Analysis Methodology
2.3 Study Assumptions
2.4 Econometric Forecast Model
3. Executive Summary
4. Market Overview and Technology Trends
4.1 Current Market Scenario
4.2 Technology Trends
4.3 Porter's Five Forces Analysis
4.3.1 Bargaining Power of the Suppliers
4.3.2 Bargaining Power of the Consumers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitute Products & Services
4.3.5 Competitive Rivalry within the Industry
5. Market Dynamics
5.1.1 Demand from Small Farm Size
5.1.2 Shortage of Gardening Labor
5.2.1 Purchase of Used Tillers
5.2.2 Volatility of Commodity Prices
5.3.1 Expanding the Adoption of Small Agricultural Machineries in the African Market
6. Global Cultivator and Tiller Machinery Market Segmentation- By Machinery Type
7. Global Cultivator and Tiller Machinery Market Segmentation- By Geography
7.1 North America
7.1.1 United States
7.1.3 Rest of North America
7.2.4 Rest of Asia-Pacific
7.3.2 United Kingdom
7.3.5 Rest of Europe
7.4 Rest of the World
7.4.3 South Africa
7.4.4 Other Countries
8. Competitive Landscape
8.2 Market Share Analysis
9. Company Profiles
9.1 Yanmar Co. Ltd
9.6 Kubota Corporation
9.9 BCS America
9.10 Grillo Agrigarden Machines
10. Future of the Market