Global Farm Equipment Rental Market By Type (Tractors, Harvesters, Balers, Sprayers, Utility Vehicles, Implement s, Others), By Power Output (<20 HP, 21-50 HP, 51-150 HP, 151-250 HP, 250-380 HP, 381-600 HP, Above 600 HP), By Drive Type (Two-Wheel Drive v/s Four-Wheel Drive), By Function (Ploughing & Cultivating, Sowing & Planting, Plant Protection & Fertilizing, Harvesting & Threshing, Others), By
Published Date: February - 2025 | Publisher: MIR | No of Pages: 320 | Industry: Agriculture | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationGlobal Farm Equipment Rental Market By Type (Tractors, Harvesters, Balers, Sprayers, Utility Vehicles, Implement s, Others), By Power Output (<20 HP, 21-50 HP, 51-150 HP, 151-250 HP, 250-380 HP, 381-600 HP, Above 600 HP), By Drive Type (Two-Wheel Drive v/s Four-Wheel Drive), By Function (Ploughing & Cultivating, Sowing & Planting, Plant Protection & Fertilizing, Harvesting & Threshing, Others), By
The global farm equipment rental market size was estimated at USD 53.75 billion in 2023 and is projected to grow at a CAGR of 6.3% from 2024 to 2030.
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.
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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.
Key Players in the Global Farm Equipment Rental Market
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Deere & Company (John Deere)
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A leading manufacturer of agricultural machinery, John Deere also offers rental services through its dealership network, providing farmers with access to advanced equipment.
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CNH Industrial N.V.
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CNH Industrial, through its brands like Case IH and New Holland, offers a range of farm equipment for rent, including tractors, harvesters, and planting equipment.
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AGCO Corporation
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AGCO provides rental options for its brands, such as Massey Ferguson, Challenger, and Fendt, offering a variety of machinery to support different farming operations.
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Kubota Corporation
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Kubota is a major player in the agricultural equipment market, offering rental services for tractors, harvesters, and other machinery through its global network.
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Titan Machinery Inc.
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Titan Machinery operates a chain of agricultural and construction equipment dealerships, offering rental services for a wide range of farm equipment.
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Mahindra & Mahindra Ltd.
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Mahindra provides rental solutions for its tractors and other agricultural equipment, particularly in emerging markets where small and medium-sized farmers dominate.
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Farmers Business Network (FBN)
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FBN offers a platform for farmers to access rental equipment, focusing on cost-effective and transparent solutions for modern farming needs.
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Herc Rentals Inc.
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Herc Rentals provides a variety of equipment, including agricultural machinery, for rent across North America, catering to both small and large-scale farming operations.
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United Rentals, Inc.
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United Rentals offers a broad range of equipment, including farm machinery, for rent, serving customers in the agriculture sector.
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Atlas Copco
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Known for its industrial equipment, Atlas Copco also provides rental solutions for agricultural machinery, particularly in regions with high demand for advanced farming tools.
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Loxam Group
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Loxam is a European leader in equipment rental, offering agricultural machinery for rent to support farming activities.
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Aggreko plc
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Aggreko provides rental solutions for power and temperature control equipment, which can be used in agricultural settings, particularly for storage and processing.
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Emerging Players and Regional Players
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SDF Group (SAME Deutz-Fahr)Offers rental services for its agricultural equipment in Europe and other regions.
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Claas KGaA mbHProvides rental options for its high-performance farming machinery.
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Escorts LimitedA key player in India, offering rental services for tractors and other farm equipment.
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Alamo Group Inc.Specializes in rental solutions for agricultural and maintenance equipment.
Market Trends
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Increasing adoption of precision farming technologies in rental equipment.
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Growing demand for rental services in developing countries due to high equipment costs.
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Expansion of online platforms for farm equipment rental, making it easier for farmers to access machinery.
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