Key Trends Driving Demand for Power Tiller
The shortage of labor in the global agriculture industry coupled with the rising wage rates are the main reasons for the use of automatic or powered devices such as the power tillers in the global market.
Efficient input applications, less time consumption, transportation of farm produce, and reduction of drudgery are some of the factors that are projected to stimulate the growth of farm equipment such as power tillers in the global market.
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The mass production and development of multi-functional mechanical devices such as the power tillers, to match the requirement of the end-users is an important factor for the growth of mechanization in the global agriculture market. Owing to their enhanced features, power tillers have abundant applications in small and medium agricultural farms in the global market.
The power tiller market is expected to grow on account of its growing number of applications and its multi-functional properties. Adding to that, further, development is underway to produce more safe and efficient power tillers in the global market.
The electric motor power tillers are estimated to grow as regulatory authorities are pressing manufacturers to use products that are eco-friendly and minimize the usage of natural resources during the production process. The power tiller market has a lot of scope in the research and development division.
Researchers and scientists are introducing new materials from natural resources that are more efficient and economical. Since agricultural safety is a key concern for manufacturers now, they are opting for lightweight and efficient devices, which is expected to fuel the growth of the power tiller market over the forecast period.
Segmentation
By Product type, the power tiller market is segmented into:
- Electric Powered
- Gasoline/Diesel Powered
By Size, the power tiller market is segmented into:
- Mini-tillers or Cultivators
- Mid-Sized Front-Tine Tillers
- Large Rear-Tine Tillers
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Competitive Landscape
Examples of some leading participants identified across the value chain of the power tiller market are:
- FALC srl
- Greaves Cotton Limited
- Honda Power Equipment
- Kerala Agro Machinery Corporation Ltd. (KAMCO)
- Kirloskar Oil Engines Limited (KMW)
- Kranti Agro
- Mahindra & Mahindra Ltd.
- Minos Agricultural Machinery
- Shrachi Agro
- V.S.T Tillers Tractors Ltd.
- YANMAR CO., LTD.
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Region-wise Outlook
North America and Europe have presence of all commercial and industrial sectors along with the presence of prominent players, which is expected to drive the growth of the power tiller market in these regions.
Rapid industrial developments in the Asia Pacific region, especially China and India, are estimated to fuel the growth of the power tiller market. The manufacturers are striving to enhance their product quality and attractiveness by offering more improved power tillers in the global market.
Thus, the power tiller market is expected to grow in the near future. Therefore, it is estimated that the power tiller market will see rapid growth in developed as well as developing countries in the near future.
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