Rockville , Nov. 07, 2023 (GLOBE NEWSWIRE) -- The tiller rental market is estimated to grow from US$ 609.1 million in 2023 to US$ 826.5 million in 2033 at a rate of 3.1% creating an absolute $ opportunity of US$ 235.8 million.
Tilling involves breaking up and loosening the soil, which is essential for soil preparation and cultivation in gardening, agriculture, landscaping, and construction projects. With the rising popularity of home gardening, urban farming, and community gardening, the demand for tillers for soil preparation is increasing. Rental services provide a convenient solution by offering access to tillers without the need for ownership.
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The construction and infrastructure development activities contribute to the growth of the tiller rental market. Tilling plays a crucial role in soil preparation for construction projects, ensuring a suitable foundation for various activities. Tiller rental services cater to the needs of contractors, builders, and construction companies by providing the necessary equipment for efficient ground preparation.
Environmental consciousness among users has led to a demand for electric tillers. Electric tillers produce zero emissions and are lightweight, easy to maneuver, and user-friendly. These qualities make electric tillers a popular choice in the rental market, especially for customers who prioritize sustainability, convenience, and ease of use.
| Report Attribute | Details |
| Value Projection (2033) | US$ 826.5 Million |
| Growth Rate (2023-2033) | 3.1% CAGR |
| No. of pages | 170 Pages |
| No. of Tables | 70 Tables |
| No. of Figures | 114 Figures |
Key Takeaways from Market Study
- The US market for tiller rental is highly lucrative growing at a CAGR of 3.6% during the forecast period
- Chinese tiller rental market is likely to create an absolute $ opportunity of US$ 65.8 million during the forecast period
- German tiller rental market registered a growth rate of 2.1% between 2018-2022 and is expected to grow at a CAGR of 3.6% during the forecast period
- The absolute $ opportunity of the front-line tiller is US$ 99.9 million from 2023 to 2033
- 46-60 HP power capacity is likely to grow at a CAGR of 3.8% during the forecast period
“Growing Demand for Tiller Rental Services in Agriculture and Construction Industries is Likely to Drive the Market Growth” says a Fact.MR analyst.
Key Companies Profiled in This Report
- BlueLine Rental
- Herc Rentals Inc
- Sunbelt Rentals
- Sunstate Equipment Co.
- The Home Depot
- United Rentals
Market Growth Stratagems
Rental service providers leverage online platforms and digital technologies to enhance their visibility and reach a broader customer base. This includes developing user-friendly websites or mobile applications where customers browse equipment options, check availability, and make reservations. Building an online presence helps rental service providers attract tech-savvy customers and streamline the rental process.
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More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the tiller rental market, presenting historical market data (2018–2022) and forecast statistics for the period of 2023–2033.
The study reveals essential insights on the basis of the product type (front tine, rear tine, and mini-cultivators), tilling width (9 inches, 14 inches, 15 inches, and 16 to 36 inches), power capacity (under 25 hp, 25 to 40 hp, 40 to 60 hp, and 60 to 80 hp), mechanism type (hydraulic and electric), across major regions of the world (North America, Latin America, Europe, East Asia, South Asia, and Oceania, Middle East & Africa).
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