Global Rotary Tiller Market Revenue & Growth Analysis Report 2020-2027
The Global Rotary tiller market was valued at USD 18,863.4 Million in 2019 and is anticipated to expand at a CAGR of 7.8% during the forecast 2020-2027. The market is expected to grow owing to the increase in world population which is resulting in more demand of food, challenging the agriculture. These factors are surging the demand for speed rotary tillers which are sustainable and are available easily in several options. Besides the awareness about living the sustainable life, people are growing their own food in the backyards and home gardens, which is resulting in rise in demand for small rotary tillers for gardening purpose.
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As mentioned in the introduction, the main driver in sale of rotary tillers is the surging population which is increasing the demand for more food resources. This, in return, persuading the agriculture industry to include 2-3 crops a year for the cultivation. Being a power tool it is dependent on source of power, which cane restrain the growth of rotary tiller market. The opportunities rotary tiller market is having seem to be bright owing to the development in the agricultural industry and gardening which is leading to rising demand for rotary tiller.
Based on regions, the global rotary tiller market is into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. The market in Asia pacific region is expected to grow with a significant CAGR of around 7.1% during the forecast period 2020-2027. This is due to the increase in the demand for food supplies for growing population in this region. Countries such as China and India are dominating the rotary tiller market in Asia pacific region. The presence of age old farming culture in this region and the growing popularity of time efficient, consistent power tools in agriculture to save the labour charges is augmenting the market growth. Along with this, the growing sustainable home garden culture is going to push the market to new heights. Following the Asia Pacific region, the e market in North America is anticipated to grow at robust rate, followed by other regions.
Key Benefits for Industry Participants & Stakeholders
- In-depth Analysis of the global rotary tiller market.
- Historical, Current and Projected Market Size in terms of Value and Volume
- Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
- Industry Drivers, Restraints and Opportunities Covered in the Study
- Recent Industry Trends and Developments
- Competitive Landscape & Strategies of Key Players
- Neutral Perspective on Global Rotary tiller market Performance
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