Tiller Machines Market To Grow At 2.6% Cagr And Surpass Us$ 2.68 Bn In Revenues By 2026-End
The global tiller machines market is projected to grow at 2.6% CAGR and reach a valuation of US$ 2.68 Bn by 2026-end, according to a new research report by Transparency Market Research (TMR). Sluggishness in the global farm and garden equipment industry is likely to stymie the growth of the tiller machine market during the assessment period. According to the report, the steady demand for tiller machines is on account of growing awareness among residential and commercial consumers on the benefits of tiller machines. Although demand for new equipment has waned over the years, leasing and renting are gaining traction, which is promoting the growth of the tiller machines market. It is anticipated that proliferation of garden equipment rental companies will create growth opportunities for players in the tiller machines market. Front Tine Tiller Machines Account for Higher Demand than Rear Tine and Mini-Cultivators Among the various types of tiller machines available i...