Asia-Pacific Offers High Potential for Market Penetration Possibilities
Improvement in productivity and ease of doing chores are the major reasons for the growing popularity of cultivators and tillers in agriculture. The growing population, food demand and necessity to increase yields are the primary drivers of the market. The demand for these products is increasing in developing countries like China, India, and Brazil as a result of the government subsidies in these countries. The prospects of cultivating and tilling machinery look bright as more and more farmers are adopting automation and precision agriculture practices in developing countries.
Asia-Pacific dominates the market in terms of volume. Europe and North America have the significant shares in both high-powered cultivators and gardening tillers. Also, market penetration opportunities lie in other developing regions such as South America and Africa.
Used Tillers Is Likely To Hinder the New Sales from Small Farmers
The used tiller machinery also has a significant demand in the market, as these products are offered with much lower prices, targeting low-income customers, such as small-scale farmers. It has been identified that the farmer’s main objective is to achieve low agricultural expenses during the cultivation process. This objective compels the farmers to purchase low-cost machinery like tillers, in their small and medium-scale agricultural lands.
Major Players: YANMAR CO., LTD., HUSQVARNA, HONDA, KUBOTA CORPORATION amongst others
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