Global farm equipment rental market is expected to grow at a formidable rate during the forecast period. The global farm equipment rental market is driven by the increasing automation across the agricultural industry. Additionally, growing number of startups providing agriculture equipment rental services is further expected to fuel the market growth through 2025. Besides, farm rental equipment services reduce the burden on the pockets of the farmers and provide them with a cost effective solution for availing the agricultural equipment. This in turn is expected to positively influence the market growth over the next few years. Besides, technological advancements and new service launches by the major players operating in the market is expected to create lucrative opportunities for the market growth during the forecast period.
The global farm equipment rental market is segmented based on type, power output, drive type, function, purpose, company and region. Based on type, the market can be categorized into tractors, harvesters, balers, sprayers, utility vehicles, implements and others. Here, the tractors segment is expected to dominate the market on account of their extensive use for carrying out various agricultural activities such as plowing, cultivating, sowing, planting, threshing, among others. Additionally, increasing mechanization across the agricultural industry is further propelling the segmental growth. Based on drive type, the market can be split into two-wheel drive and four-wheel drive. The four-wheel drive segment is expected to dominate the market on account of their extensive use for commercial purposes.
Regionally, the global farm equipment rental market
Major players operating in the global farm equipment rental market include John Deere (Deere & Company), CNH Industrial N.V., Kubota Corporation, Mahindra & Mahindra Limited, J C Bamford Excavators, Escorts Group, AGCO Corporation, Tractors and Farm Equipment’s Ltd., Premier Equipment Rentals, Flaman Group of Companies, Pacific AG Rental LLC, Kwipped Inc., EM3 Agri Services, German Bliss Equipment Inc., Friesen Sales & Rentals and others. The companies are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments.
Years considered for this report
Historical Years2015-2018
Base Year2019
Estimated Year2020
Forecast Period2021–2025
Objective of the Study
- To analyze and estimate the market size of
global farm equipment rental market from 2015 to 2018.
- To estimate and forecast the market size of global
farm equipment rental market from 2019 to 2025 and growth rate until 2025.
- To classify and forecast global farm equipment
rental market based on type, power output, drive type, function, purpose, company
and regional distribution.
- To identify dominant region or segment in the
global farm equipment rental market.
- To identify drivers and challenges for global farm
equipment rental market.
- To examine competitive developments such as
expansions, new product launches, mergers & acquisitions, etc., in global
farm equipment rental market.
- To identify and analyze the profile of leading
players operating in global farm equipment rental market.
- To identify key sustainable strategies adopted
by market players in global farm equipment rental market.
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performed both primary as well as exhaustive secondary research for this study. Initially, sourced a list of service providers across the globe. Subsequently, conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, could include the service providers which could not be identified due to the limitations of secondary research. analyzed the service providers, vendors and presence of all major players across the globe.
calculated the market size of
Key Target Audience
- Farm equipment rental
service providers, vendors and other stakeholders
- Government bodies such as
regulating authorities and policy makers
- Organizations, forums and
alliances related to farm equipment rental
- Market research and
consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers, partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
