Market Overview
Tiller is commonly used with tractors for plowing fields when a crop is supposed to be planted. Tiller provides a primary platform for crops where cultivators will be used to prepare the area for harvest. Despite its high functionality, the no-till concept is gaining traction due to high cost of tillage machinery. Nowadays, cultivators, seeders and other machinery are available which also has in-built tillage or doesn’t even require tillage for harvest preparation.
Tiller is the most commonly used agriculture equipment, which forces manufacturers to launch power tillers that are not mechanical and provide better land preparation with minimal effort. Power tillers can be used in both wet soil and dry soil and can be equipped with a clutch, throttle controls, heavy-duty sprocket and chain transmission, different reaper attachments, better lubrication, among others.
Power tiller is gaining traction in areas where paddy is commonly produced. China, Japan, Thailand, Bangladesh, Vietnam and Indonesia are witnessing massive demand for tillers in Asia-Pacific region. However, India is one of the largest cultivator and tiller machinery consumers in Asia-Pacific, is lagging in tiller sales from most of the high paddy-producing countries in the region. A power tiller locally produced in India costs between US$ 2,000 to 2,700 (INR 150,000 to 200,000) and Imported tiller cost between US$ 2,200 and 3,000 whereas a tractor cost at least 1.5 times of tiller cost, still farmers prefer tractors which can be mounted with standard equipment and can provide multiple functionalities as compared to tiller which is only utilized for one specific purpose. Also, energy consumption in power tiller is higher than rotary tiller mounted in a tractor.
The global cultivator and tiller machinery market valued USD 81.3 billion in 2022 and it is expected to grow at a high CAGR of 5.9% by 2030.
Market Dynamics
Drivers
- Growth of the manufacturing industry is driving the cultivator and tiller market.
- Demand for tiller and cultivator machinery is growing from emerging countries.
- Labor shortage and increasing labor wages is pushing the demand for cultivators and tillers.
- The increasing need for food with an increase in population.
Restraints
- High cost of cultivator and tiller machinery will restrict market growth.
- Financial crisis faced by farmers restrict the market growth.
Geographical Analysis
The Asia-Pacific segment in the global cultivator and tiller machinery market valued US$ 7,249.39 million in 2022 and it is estimated to grow at a CAGR of 6.82% in the forecast period 2023-2030.
Asia-Pacific region comprises more than 60% of the world’s population and is predicted to increase in coming years, due to which the country is facing issues of food sufficiency. It generates the need to increase food production. The use of cultivator and tiller machinery has proven to be an effective way to grow food productivity. The current level of infrastructure facilities in Asia-Pacific and government support and credit facilities generate suitable conditions for the market players to expand their investments in the market
Due to a vast population, food security remains the key concern for China, which encourages the country to favor agricultural processes' mechanization. Moreover, the population expects higher quality of produce. The growth of the cultivator and tiller machinery market in China is further supported by improved infrastructure facilities, easy access to machinery through agricultural machinery co-operatives and increased agricultural activities. Additionally, favorable government policies at the central and state levels have also motivated farmers to invest in cultivator and tiller machinery
The shortage of labor for agricultural activities is a significant factor responsible for the increasing demand for farming machinery in India and it is expected to grow in future years due to industrialization and urbanization. Another catalytic factor favoring the market is the central and state governments' subsidies encouraging farmers to buy farm machinery. The food demand is growing with the increasing population in India, while on the other hand, India's agricultural land is decreasing due to the existing ‘Laws of Inheritance’ and ‘Hindu Succession Act.’ Higher-income of the farmers has resulted in high investment in cultivator and tiller machinery to enhance productivity
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