Global Farm Equipment Rental Market Size, Share, Growth, Trends, and Forecast (2024 - 2031)
Global Farm Equipment Rental Market Scope: Historical Data (2021 – 2022), Base Year (2023), Forecast Period (2024 – 2031)
Market Segmentation: By Equipment Type (Tractors, Harvesters, Sprayers, Balers, and Others), Deployment Model (4WD, and 2WD), Power Output (<30 HP, 31-70 HP, 71-130 HP, 131-250 HP, and >250HP), and Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)
Market Overview
The Global Farm Equipment Rental Market was valued at USD 57,845.9 million in 2023 and is expected to reach USD 101,641.3 million by 2031 while growing at a CAGR of 7.3% during the forecast period (2024-2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Market Dynamics
This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global farm equipment rental market growth. Farm equipment rental involves leasing agricultural machinery to farmers for specific durations, providing them access to a variety of equipment without substantial upfront investments or long-term ownership commitments. The rental options encompass a diverse range of machinery used in various stages of agricultural production.
Increasing cost savings and improved access to modern, specialized equipment are driving the growth of the farm equipment rental market. Conversely, obstacles like high maintenance and repair costs, along with concerns about equipment quality and condition, may impede market expansion.
Furthermore, the global farm equipment rental industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.
Segmentation – By Equipment Type Analysis
The Global Farm Equipment Rental Market is segmented among Tractors, Harvesters, Sprayers, Balers, and Others, based on Equipment Type. In 2023, Harvesters accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Segmentation – By Deployment Model Analysis
The Global Farm Equipment Rental Market is segmented among 4WD, and 2WD, based on Deployment Model. In 2023, 4WD accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Global Farm Equipment Rental Market: Regional Analysis
Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, Asia Pacific dominated the market with the highest market share, while Asia Pacific is expected to grow with the highest CAGR during the forecast period (2024 – 2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Competitive Landscape
Some of the key players operating in the market are AGCO Corporation, Cedar Street Sales & Rentals, CNH industrial NV, Deere & Company, Escorts Limited, Flaman Group of Companies, Friesen Sales & Rentals, J.C. Bamford Excavators Limited (JCB), Mahindra Trringo, Messick Farm Equipment Inc, Pacific Ag Rentals, Pacific Tractor & Implement, The Papé Group Inc., Titan Machinery Inc., and Tractors and Farm Equipment Limited.
Table of Contents:
1. Research Methodology and Market Scope
Research Methodology
Market Scope
2. Executive Summary
3. Global Farm Equipment Rental Market Dynamics
Drivers
Restraints
Opportunity
4. Global Farm Equipment Rental Industry Analysis
PEST Analysis
Porter's Five Force Analysis
Recent Deals Analysis
5. Global Farm Equipment Rental Market Segmentation, By Equipment Type
Global Farm Equipment Rental Market Share Analysis, By Equipment Type
Global Farm Equipment Rental Market Growth Analysis, By Equipment Type
Global Farm Equipment Rental Market Trends, By Equipment Type
o Tractors
o Harvesters
o Sprayers
o Balers
o Others
6. Global Farm Equipment Rental Market Segmentation, By Deployment Model
Global Farm Equipment Rental Market Share Analysis, By Deployment Model
Global Farm Equipment Rental Market Growth Analysis, By Deployment Model
Global Farm Equipment Rental Market Trends, By Deployment Model
o 4WD
o 2WD
7. Global Farm Equipment Rental Market Segmentation, By Power Output
Global Farm Equipment Rental Market Share Analysis, By Power Output
Global Farm Equipment Rental Market Growth Analysis, By Power Output
Global Farm Equipment Rental Market Trends, By Power Output
o <30 HP
o 31-70 HP
o 71-130 HP
o 131-250 HP
o >250HP
8. Global Farm Equipment Rental Market Segmentation, By Region
Global Farm Equipment Rental Market Share Analysis, By Region
Global Farm Equipment Rental Market Growth Analysis, By Region
Global Farm Equipment Rental Market Trends, By Region
o North America
o Europe
o Asia Pacific
o Latin America
o Middle East
o Africa
9. Competitive Landscape
AGCO Corporation*
o Company Overview
o Financial Performance
o Key Development/Strategies
o SWOT Analysis
Cedar Street Sales & Rentals
CNH industrial NV
Deere & Company
Escorts Limited
Flaman Group of Companies
Friesen Sales & Rentals
J.C. Bamford Excavators Limited (JCB)
Mahindra Trringo
Messick Farm Equipment Inc
Pacific Ag Rentals
Pacific Tractor & Implement
The Papé Group Inc.
Titan Machinery Inc.
Tractors and Farm Equipment Limited.
*Similar analysis will be provided for each company listed above.
