PUBLISHER: Arizton Advisory & Intelligence | PRODUCT CODE: 1125485
PUBLISHER: Arizton Advisory & Intelligence | PRODUCT CODE: 1125485
The global garden tiller market is expected to grow at a CAGR of 4.85% during 2022-2027.
MARKET OVERVIEW
a) Garden tillers are powered garden equipment with blades or tines that assist them in shearing through the soil much faster than manual equipment or hand tools. Garden tillers are equipped with enough power to break ground and are excellent for soil stirring and plowing. These are gas-powered, electrically corded, and electric cordless, and it's come in various sizes, power levels, and prices.
b) The demand for garden tillers is witnessing continuous growth due to the development of green acreage, which is highly influenced by the weather conditions. The demand for garden tillers surges during summer and spring due to the increased time spent on lawn care activities. Additionally, the growing demand for landscaping services, sports fields, and public parks fuels the development of the garden tiller industry. The landscaping industry is rising in commercial construction activities due to the increasing demand for backyard beautification, thereby contributing to the growth of the garden tiller market.
c) Moreover, the increasing government endeavors to expand green acreage are pushing the demand for garden tillers in the market. Furthermore, the garden equipment industry prospects in many US countries have improved. In addition, tillers are becoming a mainstream product, simultaneously increasing the end-user adoption rate in the garden tiller market.
d) The constant development in garden tiller is to maintain a sustainable presence in the market. There have been considerable developments in features and models. For instance, expanding plantation areas, replacing lawns, new landscapes, residential buildings and malls, theme parks, and others boost the garden tiller market demand. These factors will likely propel the garden tiller product demand in developing economies such as India, Vietnam, China, and Brazil.
Impact of Covid-19
COVID-19 pandemic significantly affected the demand for tillers from the commercial sector due to the closure of most commercial facilities, including hotels, resorts, sports arenas (golf courses, football stadiums, and others), and a decline in construction activities. However, this decline was affected by the rise in demand from the residential areas. Although sales were comparatively weak during H1 2020, H2 2020 witnessed significant growth in demand for garden tillers.
FUTURE MARKET TRENDS AND OPPORTUNITIES
Connecting Garden Tiller Market with IoT
The rise in Urban Gardening
Investing in green spaces is growing worldwide as many environmental and health benefits are linked with greenery access. Urban gardening typically helps to improve air and water quality and reduce heat build-up in the environment. In addition, they also mitigate the heat island effect and decrease soil runoff. As a result, such spaces are witnessing significant growth across various countries, thereby offering growth opportunities for the garden tiller market.
SEGMENTATION OVERVIEW
The garden tiller market is categorized as Front tine, Rear tine, Mid tine tiller, and Cultivator. In 2021, the front tine tiller market held a revenue share of 38.72% and was expected to grow significantly during the forecast period due to their tilling performance in distinct soil conditions. The Front tine tiller requires garden maintenance, including soil preparation, weeding, and composting in small-to-medium-sized gardens.
The highest share of gasoline-based garden tillers was attributed to their high power compared to the battery-based garden tiller. Countries like Germany, Sweden, and France generate the most revenue for the gas-powered tiller market. This is due to many gardening activities, on the other hand, the horticulture industries raised across these countries. Moreover, sizeable green acreage & many hotel chains and educational institutions support the demand for gas-powered tillers in the countries mentioned above.
Product Type
Fuel Type
Commercial garden tillers are leading the market
End-User
Distribution Channel
Geography
COMPETITIVE LANDSCAPE
Many large and small players characterize the global garden tiller market. Honda, Yanmar, Husqvarna, MTD, and The Toro Company are some of the key players in the market. Other players operating in the garden tiller market include AL-KO, STIHL, American lawnmower, CAB CADET, etc. The players focus on developing innovative products and investing in R&D initiatives to expand their product portfolios and gain a competitive advantage in the market.
As a result, a lot of mergers & acquisitions are taking place to develop and enhance the offerings to survive in the market. Market leaders are currently highlighting the adoption of energy-efficient products owing to the increasing trend of using more minor carbon energy sources. This can be due to growing environmental issues such as global warming combined with gasoline or exhaust emissions.
Key Vendors
Other Prominent Vendors
KEY QUESTIONS ANSWERED
LIST OF TABLES