Farm Equipment Rental Market by Equipment Type (Tractors, Harvesters, Sprayers, Balers & Other Equipment Types), Power Output (<30HP, 31-70HP, 71-130HP, 131-250HP, >250HP), Drive (Two-wheel Drive and Four-wheel Drive), Region – Global Forecast to 2025

2020-04-07
Price :
Published : Apr-2020
No. of Pages : 181

“The global farm equipment rental market is projected to grow at a CAGR of 7.3% from 2020 to 2025.”

The global farm equipment rentals market is estimated to account for a value of USD 46.8 billion in 2020 and is projected to grow at a CAGR of 7.3% from 2020, to reach a value of USD 66.4 billion by 2025. Factors such as the shortage of farm labor and increasing labor cost, along with rising demand for crop productivity and operational efficiency, are projected to drive the growth of this market. The increasing government subsidies for farming equipment in developing countries further provide open opportunities for growth of the farm equipment rental market.

“The four-wheel-drive segment, by drive, is projected to dominate the market by 2025.”

The four-wheel-drive segment accounted for the second-largest market share in 2018.They have massive pulling capacity and have high wheel-slip and wheel-power capacities. The distinctive feature of this machinery is that it has controls to move all four wheels and provides higher traction as compared to that of 2WD tractors. It is highly versatile and can also support a broader scope of implements including haulage, loader, mowing, plant protection, tillage, and slashing. It is projected to grow from 2020 to 2025, with high demand expected to arise from developing regions.

“The 71-130 HP segment of the farm equipment rental market is projected to grow at a significant CAGR of 7.3% during the forecast period.”

The 71-130 HP segment accounted for a larger share in 2018 and is projected to grow at a higher CAGR from 2020 to 2025. The increased government support in the Asia Pacific and South America is expected to fuel the demand for 71-130 HP equipment during the forecast period. This range of power output also offers farmers 2WD as well as 4WD drive types,which makes it feasible for farmers with small as well as large holdings to use these efficiently. All the developing countries with developing agricultural economies can easily work with this power range and also increase the mechanization levels of the farms.

“The Asia Pacific market is estimated to account for the largest market share due to the high adoption of farm equipment, such as tractors and harvesters, on renting basis, in the region.”

According to the FAOSTAT, the Asia Pacific region contributed to more than 60% of the global population in 2017, with China and India being two of the most populous countries in the world. Hence, the increase in food demand in this region has led to a surge in the use of technologically advanced farm equipment for higher productivity in crop production. The predominance of small-scale manufacturers and increasing focus on rice cultivation is also widely seen across various countries in the Asia Pacific region. Further, a shift from the adoption of labor-intensive farming techniques to advanced technological equipment in the agricultural sector across the Asia Pacific countries has led to increasing demand for tractor and various farming equipment such as harvester and spraying and threshing equipment for the renting purpose.

Break-up of Primaries

  • By Company Type: Tier 1- 50%, Tier 2 -30%,and Tier 3 -20%
  • By Designation: C-level -40%,D-level – 30%, and Others*-30%
  • By Region: Asia Pacific -50%, Europe – 15%, North America – 15%,South America – 10%, Rest of the World (RoW)**-10%

*Others include sales managers, marketing managers, and product managers.

**RoW includes Africa, the Middle East, and other countries in RoW.

Leading players profiled in this report

  • John Deere (US)
  • CNH Industrial (UK)
  • Kubota Corporation (Japan)
  • AGCO Corporation (US) 5. Mahindra & Mahindra (India)
  • JCB (UK)
  • Escorts Ltd (India)
  • Tractors and Farm Equipment’s Ltd. (India)
  • Pape Group (US)
  • Premier Equipment Rentals (US)
  • Flaman Group of Companies (Canada)
  • Pacific Ag Rentals (US) 13. Pacific Tractors & implements Ltd (US)
  • Kwipped Inc. (US)
  • Cedar street sales & rentals (US)
  • Farmease (US)
  • EM3 Agri Services (India)
  • German Bliss Equipment Inc. (US)
  • Friesen Sales & Rentals (Canada).

Research Coverage

This report segments the farm equipment rental market, on the basis of equipment type, power output, drive, and region. In terms of insights, this research report focuses on various levels of analyses—competitive landscape, end-use analysis, and company profiles—which together comprise and discuss the basic views on the emerging & high-growth segments of the farm equipment rental market, the high-growth regions, countries, government initiatives, market disruption, drivers, restraints, opportunities, and challenges.

Reasons to buy this report

  • To get a comprehensive overview of the farm equipment rental market.
  • To gain wide-ranging information about the top players in this industry, their product portfolios, and key strategies adopted by them.
  • To gain insights about the major countries/regions, in which the farm equipment rental market is flourishing.
Filed in: Agribusiness, Machines / Equipments
Publisher : marketsandmarkets
More Reports
Title Price Buy Now

Semi-Autonomous & Autonomous Truck Market By Level of Automation (Level 1, Level 2 & 3, Level 4, and Level 5), Propulsion (Diesel, Electric, and Hybrid), Application, Truck Class, ADAS Features, Sensor, and Region – Global Forecast to 2030

“Factors such as a rise in road accidents, shortage of drivers, government regulations regarding safety features, companies eyeing a reduction in delivery & transportation cost, and the increasing need for efficient yet feature-rich modern trucks are the significant growth drivers of the global semi-autonomous and autonomous truckmarket.” The global semi-autonomous truck marketsize is projected to reach 3,254 thousand units by 2025, from an estimated948 thousand units in 2020, at a CAGR of 28.0%.The global autonomous truck marketsize is projected to reach USD 1,550 million by 2030, from USD 460 million in 2024, at a CAGR of 22.4%. The advent of autonomous technology will have a significant impact on commercial vehicles, including trucks. The entry of autonomous trucks in the truc......
$4950

Soil Conditioners Market by Type (Surfactants, Gypsum, Super Absorbent Polymers, and Others), Application (Agriculture, Construction & Mining, and Others), Formulation (Liquid and Dry), Crop Type, Soil Type, and Region – Global Forecast to 2025

“The global soil conditioners market is projected to grow at a CAGR of 8.3% from 2020 to 2025.” The global soil conditioners market is estimated to account for a value of USD 1.7 billion in 2020 and is projected to grow at a CAGR of 8.3% from 2020, to reach a value of USD 2.5 billion by 2025. Factors such as increased demand for agriculture crops, owing to a rise in population in developing countries and a decrease in the availability of arable land leading farmers to increase the yield of crops in the available agricultural land, especially in the developing countries, are expected to drive the soil conditioners market. “The surfactants segment, by type, is projected to dominate the market by 2025.” Surfactants are chemical substances that increase the function of penetra......
$4950

Seed Processing Market by Type (Seed Treatment, Seed Coating Material), Crop Type (Cereals & Grains, Oilseeds & Pulses, Vegetables, Flowers & Ornamentals), Equipment (Cleaners, Gravity-separators, Graders, De-stoners), & Region – Global Forecast to 2025

“The seed processing market is projected to grow at a CAGR of 10.6%, in terms of value.” The seed processing market is estimated at USD 9.1 billion in 2019 and is projected to reach USD 16.6 billion by 2025, recording a CAGR of 10.6% during the forecast period. The global seed processing market is projected to grow in the coming years due to the increasing demand for high-quality crops, which is projected to increase the sales of seed treatment products. Europe is projected to be a key revenue generator in the seed processing market. The region has the presence of leading players operating in the seed processing market, which include leading seed treatment companies such as Bayer (Germany), BASF (Germany), and Syngenta (Switzerland). In addition, the region witnesses the presence of......
$5650

Agricultural and Forestry Machine Market in Greece to 2019 – Market Size, Development, and Forecasts

The industry report Agricultural and Forestry Machine Market in Greece to 2019 - Market Size, Development, and Forecasts offers the most up-to-date market data on the actual market situation, and future outlook for agricultural and forestry machines in Greece. The research includes historic market data from 2008 to 2014 and forecasts until 2019 which makes the report an invaluable resource for industry executives, marketing, sales and product managers, analysts, and other people looking for key industry data in readily accessible and clearly presented tables and graphs. The latest market data for this research include: - Overall agricultural and forestry machine market size, 2008-2019 - Agricultural and forestry machine market size by product segment, 2008-2019 - Growth rates of the over......
$559

Agricultural and Forestry Machine Market in Mexico to 2019 – Market Size, Development, and Forecasts

The industry report Agricultural and Forestry Machine Market in Mexico to 2019 - Market Size, Development, and Forecasts offers the most up-to-date market data on the actual market situation, and future outlook for agricultural and forestry machines in Mexico. The research includes historic market data from 2008 to 2014 and forecasts until 2019 which makes the report an invaluable resource for industry executives, marketing, sales and product managers, analysts, and other people looking for key industry data in readily accessible and clearly presented tables and graphs. The latest market data for this research include: - Overall agricultural and forestry machine market size, 2008-2019 - Agricultural and forestry machine market size by product segment, 2008-2019 - Growth rates of the over......
$559

Agricultural and Forestry Machine Market in South Africa to 2019 – Market Size, Development, and Forecasts

The industry report Agricultural and Forestry Machine Market in South Africa to 2019 - Market Size, Development, and Forecasts offers the most up-to-date market data on the actual market situation, and future outlook for agricultural and forestry machines in South Africa. The research includes historic market data from 2008 to 2014 and forecasts until 2019 which makes the report an invaluable resource for industry executives, marketing, sales and product managers, analysts, and other people looking for key industry data in readily accessible and clearly presented tables and graphs. The latest market data for this research include: - Overall agricultural and forestry machine market size, 2008-2019 - Agricultural and forestry machine market size by product segment, 2008-2019 - Growth rates......
$559

Agricultural and Forestry Machine Markets in Western Europe to 2019 – Market Size, Development, and Forecasts

The industry report package Agricultural and Forestry Machine Markets in Western Europe to 2019 - Market Size, Development, and Forecasts offers the most up-to-date market data on the actual market situation, and future outlook for agricultural and forestry machines in different Western European countries. The package includes agricultural and forestry machine country reports from the following countries: Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, United Kingdom The reports include historic market data from 2008 to 2014 and forecasts until 2019 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, analysts, and other people looking for key industry data in ......
$5926

Soil Preparation and Cultivation Machine Market in Austria to 2019 – Market Size, Development, and Forecasts

The industry report Soil Preparation and Cultivation Machine Market in Austria to 2019 - Market Size, Development, and Forecasts offers the most up-to-date market data on the actual market situation, and future outlook for soil preparation and cultivation machines in Austria. The research includes historic market data from 2008 to 2014 and forecasts until 2019 which makes the report an invaluable resource for industry executives, marketing, sales and product managers, analysts, and other people looking for key industry data in readily accessible and clearly presented tables and graphs. The latest market data for this research include: - Overall soil preparation and cultivation machine market size, 2008-2019 - Soil preparation and cultivation machine market size by product segment, 2008-2......
$559

Soil Preparation and Cultivation Machine Market in France to 2019 – Market Size, Development, and Forecasts

The industry report Soil Preparation and Cultivation Machine Market in France to 2019 - Market Size, Development, and Forecasts offers the most up-to-date market data on the actual market situation, and future outlook for soil preparation and cultivation machines in France. The research includes historic market data from 2008 to 2014 and forecasts until 2019 which makes the report an invaluable resource for industry executives, marketing, sales and product managers, analysts, and other people looking for key industry data in readily accessible and clearly presented tables and graphs. The latest market data for this research include: - Overall soil preparation and cultivation machine market size, 2008-2019 - Soil preparation and cultivation machine market size by product segment, 2008-201......
$559

Soil Preparation and Cultivation Machine Market in Lebanon to 2019 – Market Size, Development, and Forecasts

The industry report Soil Preparation and Cultivation Machine Market in Lebanon to 2019 - Market Size, Development, and Forecasts offers the most up-to-date market data on the actual market situation, and future outlook for soil preparation and cultivation machines in Lebanon. The research includes historic market data from 2008 to 2014 and forecasts until 2019 which makes the report an invaluable resource for industry executives, marketing, sales and product managers, analysts, and other people looking for key industry data in readily accessible and clearly presented tables and graphs. The latest market data for this research include: - Overall soil preparation and cultivation machine market size, 2008-2019 - Soil preparation and cultivation machine market size by product segment, 2008-2......
$559
We use cookies to deliver the best possible experience on our website.
By continuing to use this site, or closing this box, you consent to our use of cookies. To learn more, visit our Privacy Policy