(Food-Beverage-News.Com, February 16, 2018 ) The global cultivator and tiller machinery is expected to register a CAGR of 4.1% during the forecast period (2018 - 2023). Asia-Pacific has covered a major share in the market in 2017 and expected to remain as a major region in the market during the forecast period, owing to the increase in the utilization of cultivators in small farms, as power-full cultivators are much cheaper and work similar to small hp four wheeler tractors.
Asia-Pacific Offers High Potential for Market Penetration Possibilities 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 the government subsidies in these countries. The prospects of cultivating and tilling machinery look 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 the 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. Used Tillers Is Likely To Hinder the New Sales from Small Farmers The used tiller machinery also has a significant demand in the market, as these products are offered with much lower prices, targeting 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 the farmers to purchase low-cost machinery like tillers, in their small and medium-scale agricultural lands.
Reasons to Purchase this Report: • Latest technology trends adopted by the manufacturers in the cultivators and tillers machinery market. • Analyzing various perspectives of the market with the help of Porter’s five forces analysis. • Study on the machinery type that is expected to dominate the market. • Study on the regions and countries that are expected to witness fastest growth during the forecast period. • Identify the latest developments, market shares and strategies employed by the major market players. • 3 months analyst support, along with the Market Estimate Sheet (in excel).
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