Farm Equipment Rental Market By Equipment Type (Tractors, Harvesters, Sprayers, Balers, Others) , By Drive Type (Four-Wheel-Drive, Two-Wheel-Drive) By Power Output (<30 HP, 31-70 HP, 71-130 HP, 131-250 HP, >250 HP) : Global Opportunity Analysis and Industry Forecast, 2024-2033

September 2024 | 234 pages | ID: FC6316909DE4EN
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Farm Equipment Rental Market

The farm equipment rental market was valued at $53.2 billion in 2023 and is projected to reach $81.1 billion by 2033, growing at a CAGR of 4.3% from 2024 to 2033.

Farm equipment rental is the practice of leasing machinery associated with agricultural operations, instead of purchasing them. With the constantly evolving landscape of the agricultural industry, rental solutions prevent farm owners from investing a large sum on diverse equipment that caters to different requirements of farming. Farm equipment rental solutions provide farm owners the flexibility to lease necessary machinery for the required period, preventing expenditure on purchase and maintenance.

Easy availability of equipment integrated with latest technologies without the investment of significant amounts is a key driver of the farm equipment rental market. In addition, the flexibility of scaling agricultural operations as per seasonal demands boosts the need for farm equipment rental, propelling the market growth significantly. A notable trend acquiring traction in the farm equipment rental market is the availability of flexible agreements. Lessees have the option to choose from long-term agreements, short-term agreements, or pay-per-use models as per their requirements and budget.

However, concerns pertaining to the reliability of rented equipment prompt several farm owners to directly purchase machinery instead of leasing, hampering the development of the farm equipment rental market. Moreover, limited access and equipment shortages during seasonal peaks restrain the market growth significantly. On the contrary, the development of several peer-to-peer rental platforms is poised to present lucrative opportunities for the market. For instance, the Indian Department of Agriculture & Farmers Welfare recently launched a multi-language mobile app “FARMS- Farm Machinery Solutions” to help individual farmers across the nation willing to rent their agricultural machinery and enhance their farm income. Therefore, the usage of technology is anticipated to open new avenues for the farm equipment rental market.

Segment Review

The farm equipment rental market is segmented into equipment type, drive type, power output, and region. On the basis of equipment type, the market is divided into tractors, harvesters, sprayers, balers, and others. Depending on drive type, it is bifurcated into four-wheel-drive and two-wheel-drive. As per power output, it is classified into <30 HP, 31-70 HP, 71-130 HP, 131-250 HP, and >250 HP. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key Findings

On the basis of equipment type, the tractors segment held a high share of the market in 2023.

Depending on drive type, the four-wheel-drive segment acquired a high stake in the market in 2023.

As per power output, the 71-130 HP segment accounted for a high market share in 2023.

Region wise, Asia-Pacific is expected to be the highest revenue generator by 2033.

Competition Analysis

The major players of the global farm equipment rental market include AGCO Corporation, Deere & Company, Escorts Limited, Flaman Group of Companies Ltd., Friesen Sales & Rentals, Messick Farm Equipment Inc., Pacific Ag Rentals LLC, Pacific Tractor & Implement, Premier Equipment Ltd., and The Papй Group Inc. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships to strengthen their foothold in the competitive market.

Additional benefits you will get with this purchase are:
  • Quarterly Update and* (only available with a corporate license, on listed price)
  • 5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.
  • Free Upcoming Version on the Purchase of Five and Enterprise User License.
  • 16 analyst hours of support* (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting to 16 analyst hours to solve questions, and post-sale queries)
  • 15% Free Customization* (in case the scope or segment of the report does not match your requirements, 15% is equivalent to 3 working days of free work, applicable once)
  • Free data Pack on the Five and Enterprise User License. (Excel version of the report)
  • Free Updated report if the report is 6-12 months old or older.
  • 24-hour priority response*
  • Free Industry updates and white papers.
Possible Customization with this report (with additional cost and timeline, please talk to the sales executive to know more)
  • Consumer Buying Behavior Analysis
  • Market share analysis of players by products/segments
  • Key player details (including location, contact details, supplier/vendor network etc. in excel format)
Key Market Segments

By Equipment Type
  • Tractors
  • Harvesters
  • Sprayers
  • Balers
  • Others
By Drive Type
  • Four-Wheel-Drive
  • Two-Wheel-Drive
By Power Output
  • Less than 30 HP
  • 31-70 HP
  • 71-130 HP
  • 131-250 HP
  • and250 HP
By Region
  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • France
  • Germany
  • Italy
  • UK
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa
  • Key Market Players
  • AGCO Corporation
  • Deere & Company
  • Escorts Limited
  • Flaman Group of Companies Ltd.
  • Friesen Sales & Rentals
  • Messick Farm Equipment Inc.
  • Pacific Ag Rentals LLC
  • Pacific Tractor & Implement
  • premier equipment ltd.
  • The Papй Group Inc.
CHAPTER 1: INTRODUCTION

1.1. Report Description
1.2. Key Market Segments
1.3. Key Benefits
1.4. Research Methodology
  1.4.1. Primary Research
  1.4.2. Secondary Research
  1.4.3. Analyst Tools and Models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO Perspective

CHAPTER 3: MARKET LANDSCAPE

3.1. Market Definition and Scope
3.2. Key Findings
  3.2.1. Top Investment Pockets
  3.2.2. Top Winning Strategies
3.3. Porter's Five Forces Analysis
  3.3.1. Bargaining Power of Suppliers
  3.3.2. Threat of New Entrants
  3.3.3. Threat of Substitutes
  3.3.4. Competitive Rivalry
  3.3.5. Bargaining Power among Buyers
3.4. Market Dynamics
  3.4.1. Drivers
  3.4.2. Restraints
  3.4.3. Opportunities

CHAPTER 4: FARM EQUIPMENT RENTAL MARKET, BY EQUIPMENT TYPE

4.1. Market Overview
  4.1.1 Market Size and Forecast, By Equipment Type
4.2. Tractors
  4.2.1. Key Market Trends, Growth Factors and Opportunities
  4.2.2. Market Size and Forecast, By Region
  4.2.3. Market Share Analysis, By Country
4.3. Harvesters
  4.3.1. Key Market Trends, Growth Factors and Opportunities
  4.3.2. Market Size and Forecast, By Region
  4.3.3. Market Share Analysis, By Country
4.4. Sprayers
  4.4.1. Key Market Trends, Growth Factors and Opportunities
  4.4.2. Market Size and Forecast, By Region
  4.4.3. Market Share Analysis, By Country
4.5. Balers
  4.5.1. Key Market Trends, Growth Factors and Opportunities
  4.5.2. Market Size and Forecast, By Region
  4.5.3. Market Share Analysis, By Country
4.6. Others
  4.6.1. Key Market Trends, Growth Factors and Opportunities
  4.6.2. Market Size and Forecast, By Region
  4.6.3. Market Share Analysis, By Country

CHAPTER 5: FARM EQUIPMENT RENTAL MARKET, BY DRIVE TYPE

5.1. Market Overview
  5.1.1 Market Size and Forecast, By Drive Type
5.2. Four-Wheel-Drive
  5.2.1. Key Market Trends, Growth Factors and Opportunities
  5.2.2. Market Size and Forecast, By Region
  5.2.3. Market Share Analysis, By Country
5.3. Two-Wheel-Drive
  5.3.1. Key Market Trends, Growth Factors and Opportunities
  5.3.2. Market Size and Forecast, By Region
  5.3.3. Market Share Analysis, By Country

CHAPTER 6: FARM EQUIPMENT RENTAL MARKET, BY POWER OUTPUT

6.1. Market Overview
  6.1.1 Market Size and Forecast, By Power Output
6.2. Less Than 30 HP
  6.2.1. Key Market Trends, Growth Factors and Opportunities
  6.2.2. Market Size and Forecast, By Region
  6.2.3. Market Share Analysis, By Country
6.3. 31-70 HP
  6.3.1. Key Market Trends, Growth Factors and Opportunities
  6.3.2. Market Size and Forecast, By Region
  6.3.3. Market Share Analysis, By Country
6.4. 71-130 HP
  6.4.1. Key Market Trends, Growth Factors and Opportunities
  6.4.2. Market Size and Forecast, By Region
  6.4.3. Market Share Analysis, By Country
6.5. 131-250 HP
  6.5.1. Key Market Trends, Growth Factors and Opportunities
  6.5.2. Market Size and Forecast, By Region
  6.5.3. Market Share Analysis, By Country
6.6. And250 HP
  6.6.1. Key Market Trends, Growth Factors and Opportunities
  6.6.2. Market Size and Forecast, By Region
  6.6.3. Market Share Analysis, By Country

CHAPTER 7: FARM EQUIPMENT RENTAL MARKET, BY REGION

7.1. Market Overview
  7.1.1 Market Size and Forecast, By Region
7.2. North America
  7.2.1. Key Market Trends and Opportunities
  7.2.2. Market Size and Forecast, By Equipment Type
  7.2.3. Market Size and Forecast, By Drive Type
  7.2.4. Market Size and Forecast, By Power Output
  7.2.5. Market Size and Forecast, By Country
  7.2.6. U.S. Farm Equipment Rental Market
    7.2.6.1. Market Size and Forecast, By Equipment Type
    7.2.6.2. Market Size and Forecast, By Drive Type
    7.2.6.3. Market Size and Forecast, By Power Output
  7.2.7. Canada Farm Equipment Rental Market
    7.2.7.1. Market Size and Forecast, By Equipment Type
    7.2.7.2. Market Size and Forecast, By Drive Type
    7.2.7.3. Market Size and Forecast, By Power Output
  7.2.8. Mexico Farm Equipment Rental Market
    7.2.8.1. Market Size and Forecast, By Equipment Type
    7.2.8.2. Market Size and Forecast, By Drive Type
    7.2.8.3. Market Size and Forecast, By Power Output
7.3. Europe
  7.3.1. Key Market Trends and Opportunities
  7.3.2. Market Size and Forecast, By Equipment Type
  7.3.3. Market Size and Forecast, By Drive Type
  7.3.4. Market Size and Forecast, By Power Output
  7.3.5. Market Size and Forecast, By Country
  7.3.6. France Farm Equipment Rental Market
    7.3.6.1. Market Size and Forecast, By Equipment Type
    7.3.6.2. Market Size and Forecast, By Drive Type
    7.3.6.3. Market Size and Forecast, By Power Output
  7.3.7. Germany Farm Equipment Rental Market
    7.3.7.1. Market Size and Forecast, By Equipment Type
    7.3.7.2. Market Size and Forecast, By Drive Type
    7.3.7.3. Market Size and Forecast, By Power Output
  7.3.8. Italy Farm Equipment Rental Market
    7.3.8.1. Market Size and Forecast, By Equipment Type
    7.3.8.2. Market Size and Forecast, By Drive Type
    7.3.8.3. Market Size and Forecast, By Power Output
  7.3.9. UK Farm Equipment Rental Market
    7.3.9.1. Market Size and Forecast, By Equipment Type
    7.3.9.2. Market Size and Forecast, By Drive Type
    7.3.9.3. Market Size and Forecast, By Power Output
  7.3.10. Rest Of Europe Farm Equipment Rental Market
    7.3.10.1. Market Size and Forecast, By Equipment Type
    7.3.10.2. Market Size and Forecast, By Drive Type
    7.3.10.3. Market Size and Forecast, By Power Output
7.4. Asia-Pacific
  7.4.1. Key Market Trends and Opportunities
  7.4.2. Market Size and Forecast, By Equipment Type
  7.4.3. Market Size and Forecast, By Drive Type
  7.4.4. Market Size and Forecast, By Power Output
  7.4.5. Market Size and Forecast, By Country
  7.4.6. China Farm Equipment Rental Market
    7.4.6.1. Market Size and Forecast, By Equipment Type
    7.4.6.2. Market Size and Forecast, By Drive Type
    7.4.6.3. Market Size and Forecast, By Power Output
  7.4.7. Japan Farm Equipment Rental Market
    7.4.7.1. Market Size and Forecast, By Equipment Type
    7.4.7.2. Market Size and Forecast, By Drive Type
    7.4.7.3. Market Size and Forecast, By Power Output
  7.4.8. India Farm Equipment Rental Market
    7.4.8.1. Market Size and Forecast, By Equipment Type
    7.4.8.2. Market Size and Forecast, By Drive Type
    7.4.8.3. Market Size and Forecast, By Power Output
  7.4.9. South Korea Farm Equipment Rental Market
    7.4.9.1. Market Size and Forecast, By Equipment Type
    7.4.9.2. Market Size and Forecast, By Drive Type
    7.4.9.3. Market Size and Forecast, By Power Output
  7.4.10. Rest of Asia-Pacific Farm Equipment Rental Market
    7.4.10.1. Market Size and Forecast, By Equipment Type
    7.4.10.2. Market Size and Forecast, By Drive Type
    7.4.10.3. Market Size and Forecast, By Power Output
7.5. LAMEA
  7.5.1. Key Market Trends and Opportunities
  7.5.2. Market Size and Forecast, By Equipment Type
  7.5.3. Market Size and Forecast, By Drive Type
  7.5.4. Market Size and Forecast, By Power Output
  7.5.5. Market Size and Forecast, By Country
  7.5.6. Latin America Farm Equipment Rental Market
    7.5.6.1. Market Size and Forecast, By Equipment Type
    7.5.6.2. Market Size and Forecast, By Drive Type
    7.5.6.3. Market Size and Forecast, By Power Output
  7.5.7. Middle East Farm Equipment Rental Market
    7.5.7.1. Market Size and Forecast, By Equipment Type
    7.5.7.2. Market Size and Forecast, By Drive Type
    7.5.7.3. Market Size and Forecast, By Power Output
  7.5.8. Africa Farm Equipment Rental Market
    7.5.8.1. Market Size and Forecast, By Equipment Type
    7.5.8.2. Market Size and Forecast, By Drive Type
    7.5.8.3. Market Size and Forecast, By Power Output

CHAPTER 8: COMPETITIVE LANDSCAPE

8.1. Introduction
8.2. Top Winning Strategies
8.3. Product Mapping Of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Top Player Positioning, 2023

CHAPTER 9: COMPANY PROFILES

9.1. AGCO Corporation
  9.1.1. Company Overview
  9.1.2. Key Executives
  9.1.3. Company Snapshot
  9.1.4. Operating Business Segments
  9.1.5. Product Portfolio
  9.1.6. Business Performance
  9.1.7. Key Strategic Moves and Developments
9.2. Deere And Company
  9.2.1. Company Overview
  9.2.2. Key Executives
  9.2.3. Company Snapshot
  9.2.4. Operating Business Segments
  9.2.5. Product Portfolio
  9.2.6. Business Performance
  9.2.7. Key Strategic Moves and Developments
9.3. Escorts Limited
  9.3.1. Company Overview
  9.3.2. Key Executives
  9.3.3. Company Snapshot
  9.3.4. Operating Business Segments
  9.3.5. Product Portfolio
  9.3.6. Business Performance
  9.3.7. Key Strategic Moves and Developments
9.4. Flaman Group Of Companies Ltd.
  9.4.1. Company Overview
  9.4.2. Key Executives
  9.4.3. Company Snapshot
  9.4.4. Operating Business Segments
  9.4.5. Product Portfolio
  9.4.6. Business Performance
  9.4.7. Key Strategic Moves and Developments
9.5. Friesen Sales And Rentals
  9.5.1. Company Overview
  9.5.2. Key Executives
  9.5.3. Company Snapshot
  9.5.4. Operating Business Segments
  9.5.5. Product Portfolio
  9.5.6. Business Performance
  9.5.7. Key Strategic Moves and Developments
9.6. Messick Farm Equipment Inc.
  9.6.1. Company Overview
  9.6.2. Key Executives
  9.6.3. Company Snapshot
  9.6.4. Operating Business Segments
  9.6.5. Product Portfolio
  9.6.6. Business Performance
  9.6.7. Key Strategic Moves and Developments
9.7. Pacific Ag Rentals LLC
  9.7.1. Company Overview
  9.7.2. Key Executives
  9.7.3. Company Snapshot
  9.7.4. Operating Business Segments
  9.7.5. Product Portfolio
  9.7.6. Business Performance
  9.7.7. Key Strategic Moves and Developments
9.8. Pacific Tractor And Implement
  9.8.1. Company Overview
  9.8.2. Key Executives
  9.8.3. Company Snapshot
  9.8.4. Operating Business Segments
  9.8.5. Product Portfolio
  9.8.6. Business Performance
  9.8.7. Key Strategic Moves and Developments
9.9. Premier Equipment Ltd.
  9.9.1. Company Overview
  9.9.2. Key Executives
  9.9.3. Company Snapshot
  9.9.4. Operating Business Segments
  9.9.5. Product Portfolio
  9.9.6. Business Performance
  9.9.7. Key Strategic Moves and Developments
9.10. The Papй Group Inc.
  9.10.1. Company Overview
  9.10.2. Key Executives
  9.10.3. Company Snapshot
  9.10.4. Operating Business Segments
  9.10.5. Product Portfolio
  9.10.6. Business Performance
  9.10.7. Key Strategic Moves and Developments


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