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Shibuya-ku, Tokyo, Japan, Japan, Apr 27, 2022, 05:41 /Comserve / -- The garden tillers market is likely to reach around $1.5 billion by 2024, growing at a CAGR of approximately 5% during 2022-2031.
The growth of sustainable cities, the rise of urban gardening, the growth of the landscaping industry, the growing adoption of IoT, and the growth of cordless tillers are expected to drive the garden tillers market. Currently, the garden tillers market is undergoing a revolution as smart tillers are being replaced with traditional ones. The adoption of tillers in several end-user industries such as commercial, and residential is driving the global garden tillers market. Further, the implementation of stringent emission regulations by government agencies worldwide to tackle increasing pollution levels is influencing the growth of green covers, thereby positively impacting the garden tillers market. Further, the increase in the green cover in urban areas, stability in the economic landscape, and the increased consumer interest toward gardening across the world are the factors directly influencing the market.
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Nowadays, vendors are trying to meet the consumer's need by providing technically high-quality products. They are integrating smart digital assistance that is capable to detect, analyze, and execute instructions according to the surrounding environment. Also, the emergence of voice-activated control systems has further added an impetus to market growth. For instance, the introduction of Tertill, a solar powered and weatherproof garden tiller, demonstrates the shift toward smart connected tillers.
The research report on the garden tillers market covers market sizing and forecast, market share, industry trends, growth drivers, and vendor analysis. The study includes insights on segmentation by products (front-tine, rear-tine, cultivators, and mid-tine), end-users (commercial and residential), and geography (APAC, Europe, North America, Latin America, and MEA).
The study considers the present scenario of the garden tillers market and its market dynamics for the period 2019−2024. The report covers a detailed overview of several market growth enablers, restraints, and trends. It covers both the demand and supply aspect of the market. It profiles and examines leading and prominent companies operating in the garden tillers market.
Garden Tillers Market: Segmentation
The garden tillers market by product can be segmented into front-tine, rear-tine, cultivators, and mid-tine. The front-tine segment grew gradually and reached around $440 million in 2018. Front-tine tillers have tines on the front machine, and the rear wheel positioning helps for easy maneuvering. The growth of front-tine tillers can be attributed to the demand from small farms and residential sectors. Further, front-tine tillers are expected to witness a strong demand from developing economies such as India and China.
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The rear-tine tiller segment is the second largest segment in the garden tillers market. The growth of rear-tine tillers is highly influenced by the growth of theme parks, golf courses, and cricket and football stadiums. The cultivator segment was the third-largest one in the market in 2018. Affordable pricing and high weeding and soil mixing capabilities are driving their demand in emerging markets.
The garden tillers market by end-user can be segmented into commercial and residential. The commercial sector dominates the market and is expected to grow at a CAGR of around 5% during the forecast period. The rise of commercial construction activities, including office spaces and large parks and gardens in developed countries (the US and Europe) as well as in emerging countries (China and India), is likely to impact the adoption of garden equipment in the commercial segment positively.
The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.
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