(MENAFN- Ameliorate Digital Consultancy)
The global tiller machines market is estimated to reach a value of USD 2.467 billion in 2022 and is projected to grow at a CAGR of 6.59% during the forecast period of 2022-2032 to reach a value of USD 3.777 billion by 2032. The growth in the global tiller machines market is driven by factors such as the growing population of farmers, the expansion of the farming industry, and the advancement of mechanization in the agricultural sector.
Due to the growth in the population, the demand for food has increased significantly, which has caused the demand for agricultural output to rise significantly. Thus, farmers are adopting efficient farming practices, which include the deployment of tiller machines. Tiller machines are highly efficient in shredding and tilling the fields, thus improving the productiveness of the soil. Furthermore, the advanced technology coupled with the automation of these machines have increased its demand.
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Key Companies Profiled
Bucher Industries AG AGCO Corporation Kubota Corporation Claas KGaA mbH Sharp Garuda Farm Equipments Pvt. Ltd CNH Industrial NV Mahindra & Mahindra Ltd Deere & Company Eurometal MIO
Competitive Landscape
Key players in the tiller machines market use methods such as product releases, mergers and acquisitions, collaborations, and alliances to maintain their position in the worldwide market. Moreover, these players are concentrating on making items more lightweight, compact, and user-friendly.
Kirloskar Oil Engines Limited (KOEL) introduced a new tiller machine with K-Cool technology engines in June 2022. The self-start engines of the 12 HP and 15 HP tiller machines enable uninterrupted operation. VST Tillers Tractors Limited (VST) launched its first cutting-edge Experience Centre in Pune, India, in June 2022. The experience center will feature tiller machines, tractors, rotary tillers, power weeders, brush cutters, rice transplanters, power reapers, hedge trimmers, and accessories, allowing consumers to get hands-on experience with VST's advanced farm equipment.
Key Segments of Tiller Machines Industry Research
By Product Type : Front Tine Rear Tine Mini-Cultivators
By Tilling Width : 9 Inches 14 Inches 15 Inches 16 to 36 Inches
By Power Capacity : Under 25 HP 25 to 40 HP 40 to 60 HP 60 to 80 HP
By Mechanism Type : By Region : North America Latin America Europe APAC MEA
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Queries addressed in the Tiller machines market report:
Why are the Tiller machines market players targeting region for increased product sales? What patented technologies are the players utilizing in the global Tiller machines market? Which regions are displaying the fastest growth in the Tiller machines market? What are the underlying micro- macroeconomic factors affecting the global Tiller machines market?
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