Soil tillage is an essential consideration of soil management and one of a farmer's most important seasonal responsibilities. The procedure of mixing the soil to prepare it for planting is known as soil tillage. In terms of crop quality and ease of growth, it has been widely acknowledged as a duty that is virtually as important as the harvest cycle. Ploughing, stirring, and overturning of the land are all examples of soil tillage. By exposing soil to sunlight, water, and natural nutrients in the environment, tilling helps in the spreading of nutrients.
The global outdoor power equipment market size was valued at over USD 23 billion in 2020 and accounted to grow at a significant CAGR of over 3.5% during the forecast period 2021 to 2027. The increasing consumer interest to maintain lawn and gardening activities is a major factor to drive the market growth. Furthermore, the rising adoption of battery-powered outdoor equipments and increasing demand for landscaping are some other factors to support the market growth in the near future years. Moreover, rapid urbanization, growing construction activities, and growing disposable income are some another factors to encourage the demand for outdoor power equipments over the forecast period.
The report covers aspects such as the market size on the basis of revenue generated from the sale of agricultural equipments under various product categories.
The market size on the basis of revenue generated from the sale of agricultural equipments under various product categories. The revenues of the company has been segmented based on various product categories including two wheel tractors/ power tillers, four wheel tractors, combine harvesters and rice transplanters.
global outdoor power equipment market was valued at an impressive US$ 30.5 billion, with expectations to grow at a compound annual growth rate (CAGR) of 3.1%, reaching US$ 42.8 billion by 2034.