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Shibuya-ku, Tokyo, Japan, Japan, Feb 02, 2021, 02:27 /Comserve / -- Leading Vendors: STIHL, Husqvarna Group, STIGA, Honda, Makita Corp.
The garden tillers market is likely to reach around $1.5 billion by 2024, growing at a CAGR of approximately 5% during 2018–2024. 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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"The Final Report will cover the impact analysis of COVID-19 on this industry (Global And Regional Market)."
Leading Vendors
• STIHL
• Husqvarna Group
• STIGA
• Honda
• Makita Corp.
Key Vendor Analysis
The garden tillers market is expected to witness healthy growth during the forecast period due to an increase in the green cover in cities and the growth of urban gardening across the world. Vendors are focusing on adopting the latest technologies and innovations in garden products. The rise of robotic garden tillers and the penetration of IoT are expected to bring significant changes in the industry. Also, the presence of highly productive domestic manufacturers and growing exports is expected to accelerate the growth of tillers in North America in the next few years. Further, the growth of sustainable cities in the MEA region is expected to drive the overall usage and adoption of garden tillers.
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.
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.
Further, the high-power output and the capability of tilling new and hard soil are positively influencing the adoption of commercial tiller equipment. The residential segment is the second-largest end-user. The growing consumer interest in gardening and associated health benefits with the practice and the increasing construction of high-rise residential buildings are the prominent factors responsible for the growth of the residential segment.
Table of Content
1 Research Methodology
2 Research Objectives
3 Research Process
4 Scope & Coverage
4.1 Market Definition
4.1.1 Inclusions
4.1.2 Exclusions
4.2 Base Year
4.3 Scope of the study
4.4 Market Segments
4.4.1 Market Segmentation by Products
4.4.2 Market Segmentation by End-users
4.4.3 Market Segmentation by Geography
5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation
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.
Request to Fill The Form To get Sample Copy of This Report: https://www.sdki.jp/sample-request-91483
"The Final Report will cover the impact analysis of COVID-19 on this industry (Global And Regional Market)."
Key Market Insights
• Offers market sizing and growth prospects of the garden tillers market for the forecast period 2019–2024
• Provides comprehensive insights on the latest industry trends, market forecast, and growth drivers in the garden tillers market
• Includes a detailed analysis of market growth drivers, challenges, and investment opportunities
• Delivers a complete overview of market segments and the regional outlook of the garden tillers market
• Offers an exhaustive summary of the vendor landscape, competitive analysis, and key market strategies to gain a competitive advantage in the market
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