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PUBLISHER: IMARC | PRODUCT CODE: 1675631
PUBLISHER: IMARC | PRODUCT CODE: 1675631
Farm Equipment Rental Market Report by Equipment Type (Tractors, Harvesters, Sprayers, Balers, and Others), Drive (Four-Wheel-Drive, Two-Wheel-Drive), Power Output (<30 HP, 31-70 HP, 71-130 HP, 131-250 HP, >250 HP), and Region 2025-2033
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PAGES: 143 Pages
DELIVERY TIME: 2-3 business days
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The global farm equipment rental market size reached USD 58.0 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 88.9 Billion by 2033, exhibiting a growth rate (CAGR) of 4.6% during 2025-2033. The rising trend of agricultural mechanization, improved access to advanced technology without heavy investment, an increased demand for flexible farming solutions, rapid urbanization, rising sustainability concerns, the growing trend of precision agriculture, and increasing government support for mechanized farming are some of the major factors propelling the growth of the market.
Farm equipment rental represents a business model and agreement that involves selling, renting, and leasing various agricultural tangible tools and self-propelling equipment to licensed customers at inexpensive rates for a specific duration. It includes tractors, harvesting machines, mower conditioners, tillage systems, rotary tillers, fertilizers, and herbicides as standard components. To attain these products, a rental contract with specified conditions and regulations is signed by both parties. Farm equipment rental helps minimize overhead charges by relinquishing upfront investments, reduces unwarranted maintenance costs, and provides access to advanced agricultural machines. Apart from this, farm equipment rental offers high-performance tools on a contractual basis, allows product testing, improves agriculture procedures, and enables instrument usage in short-term projects to satisfy temporary farming needs. Consequently, the service is used in plowing, cultivating, sowing, and fertilizing applications.
Farm Equipment Rental Market Trends:
The increasing trend of mechanization in the agricultural sector and the growing need for renting various self-propelled machines to mitigate financial constraints and burdens from farmers are primarily driving the market growth. In line with this, the shifting consumer inclination toward renting farm equipment over purchasing several machines to gain profits by excluding maintenance costs and promoting better crop harvesting is acting as another growth-inducing factor. Moreover, the escalating requirement for staple crops due to fueling food scarcity has prompted governments to provide subsidiaries and advanced farming equipment at cost-effective prices, which is propelling the market growth. Additionally, the advent of high horsepower (HP) tractors for farming in dry soil conditions and the availability of harvesting, pest control, planting, and spraying fertilizers and insecticides are impelling the market growth. Apart from this, significant enhancements in the agricultural sector, the large-scale uptake of rental equipment in crop cleaning and threshing activities, and the shortage of skilled labor are positively stimulating the market growth.
Key Market Segmentation:
Breakup by Equipment Type:
- Tractors
- Harvesters
- Sprayers
- Balers
- Others
Breakup by Drive:
- Four-Wheel-Drive
- Two-Wheel-Drive
Breakup by Power Output:
- <30 HP
- 31-70 HP
- 71-130 HP
- 131-250 HP
- >250 HP
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being AGCO Corporation, Deere & Company, Escorts Limited, Flaman Group of Companies, Friesen Sales & Rentals, Messick Farm Equipment Inc., Pacific Ag Rentals, Pacific Tractor & Implement, Premier Equipment Ltd., The Pape Group Inc., Titan Machinery Inc. and Tractors and Farm Equipment Limited. Kindly, note that this only represents a partial list of companies, and the complete list has been provided in the report.
Key Questions Answered in This Report
- 1.What was the size of the global farm equipment rental market in 2024?
- 2.What is the expected growth rate of the global farm equipment rental market during 2025-2033?
- 3.What are the key factors driving the global farm equipment rental market?
- 4.What has been the impact of COVID-19 on the global farm equipment rental market?
- 5.What is the breakup of the global farm equipment rental market based on the equipment type?
- 6.What is the breakup of the global farm equipment rental market based on the drive?
- 7.What is the breakup of the global farm equipment rental market based on the power output?
- 8.What are the key regions in the global farm equipment rental market?
- 9.Who are the key players/companies in the global farm equipment rental market?
Product Code: SR112025A6589
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Farm Equipment Rental Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Equipment Type
- 6.1 Tractors
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Harvesters
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Sprayers
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Balers
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 6.5 Others
- 6.5.1 Market Trends
- 6.5.2 Market Forecast
7 Market Breakup by Drive
- 7.1 Four-Wheel-Drive
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Two-Wheel-Drive
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by Power Output
- 8.1 <30 HP
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 31-70 HP
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 71-130 HP
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 131-250 HP
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5 >250 HP
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 AGCO Corporation
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.1.3 Financials
- 14.3.1.4 SWOT Analysis
- 14.3.2 Deere & Company
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.2.3 Financials
- 14.3.2.4 SWOT Analysis
- 14.3.3 Escorts Limited
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.3.3 Financials
- 14.3.4 Flaman Group of Companies
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.5 Friesen Sales & Rentals
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.6 Messick Farm Equipment Inc.
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.7 Pacific Ag Rentals
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.8 Pacific Tractor & Implement
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.9 Premier Equipment Ltd.
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.10 The Pape Group Inc.
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.11 Titan Machinery Inc.
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio
- 14.3.11.3 Financials
- 14.3.11.4 SWOT Analysis
- 14.3.12 Tractors and Farm Equipment Limited
- 14.3.12.1 Company Overview
- 14.3.12.2 Product Portfolio
- 14.3.1 AGCO Corporation
Kindly, note that this only represents a partial list of companies, and the complete list has been provided in the report
Product Code: SR112025A6589
List of Figures
- Figure 1: Global: Farm Equipment Rental Market: Major Drivers and Challenges
- Figure 2: Global: Farm Equipment Rental Market: Sales Value (in Billion USD), 2019-2024
- Figure 3: Global: Farm Equipment Rental Market Forecast: Sales Value (in Billion USD), 2025-2033
- Figure 4: Global: Farm Equipment Rental Market: Breakup by Equipment Type (in %), 2024
- Figure 5: Global: Farm Equipment Rental Market: Breakup by Drive (in %), 2024
- Figure 6: Global: Farm Equipment Rental Market: Breakup by Power Output (in %), 2024
- Figure 7: Global: Farm Equipment Rental Market: Breakup by Region (in %), 2024
- Figure 8: Global: Farm Equipment Rental (Tractors) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 9: Global: Farm Equipment Rental (Tractors) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 10: Global: Farm Equipment Rental (Harvesters) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 11: Global: Farm Equipment Rental (Harvesters) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 12: Global: Farm Equipment Rental (Sprayers) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 13: Global: Farm Equipment Rental (Sprayers) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 14: Global: Farm Equipment Rental (Balers) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 15: Global: Farm Equipment Rental (Balers) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 16: Global: Farm Equipment Rental (Other Equipment Types) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 17: Global: Farm Equipment Rental (Other Equipment Types) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 18: Global: Farm Equipment Rental (Four-Wheel-Drive) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 19: Global: Farm Equipment Rental (Four-Wheel-Drive) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 20: Global: Farm Equipment Rental (Two-Wheel-Drive) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 21: Global: Farm Equipment Rental (Two-Wheel-Drive) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 22: Global: Farm Equipment Rental (<30 HP) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 23: Global: Farm Equipment Rental (<30 HP) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 24: Global: Farm Equipment Rental (31-70 HP) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 25: Global: Farm Equipment Rental (31-70 HP) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 26: Global: Farm Equipment Rental (71-130 HP) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 27: Global: Farm Equipment Rental (71-130 HP) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 28: Global: Farm Equipment Rental (131-250 HP) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 29: Global: Farm Equipment Rental (131-250 HP) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 30: Global: Farm Equipment Rental (>250 HP) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 31: Global: Farm Equipment Rental (>250 HP) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 32: North America: Farm Equipment Rental Market: Sales Value (in Million USD), 2019 & 2024
- Figure 33: North America: Farm Equipment Rental Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 34: United States: Farm Equipment Rental Market: Sales Value (in Million USD), 2019 & 2024
- Figure 35: United States: Farm Equipment Rental Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 36: Canada: Farm Equipment Rental Market: Sales Value (in Million USD), 2019 & 2024
- Figure 37: Canada: Farm Equipment Rental Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 38: Asia-Pacific: Farm Equipment Rental Market: Sales Value (in Million USD), 2019 & 2024
- Figure 39: Asia-Pacific: Farm Equipment Rental Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 40: China: Farm Equipment Rental Market: Sales Value (in Million USD), 2019 & 2024
- Figure 41: China: Farm Equipment Rental Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 42: Japan: Farm Equipment Rental Market: Sales Value (in Million USD), 2019 & 2024
- Figure 43: Japan: Farm Equipment Rental Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 44: India: Farm Equipment Rental Market: Sales Value (in Million USD), 2019 & 2024
- Figure 45: India: Farm Equipment Rental Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 46: South Korea: Farm Equipment Rental Market: Sales Value (in Million USD), 2019 & 2024
- Figure 47: South Korea: Farm Equipment Rental Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 48: Australia: Farm Equipment Rental Market: Sales Value (in Million USD), 2019 & 2024
- Figure 49: Australia: Farm Equipment Rental Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 50: Indonesia: Farm Equipment Rental Market: Sales Value (in Million USD), 2019 & 2024
- Figure 51: Indonesia: Farm Equipment Rental Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 52: Others: Farm Equipment Rental Market: Sales Value (in Million USD), 2019 & 2024
- Figure 53: Others: Farm Equipment Rental Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 54: Europe: Farm Equipment Rental Market: Sales Value (in Million USD), 2019 & 2024
- Figure 55: Europe: Farm Equipment Rental Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 56: Germany: Farm Equipment Rental Market: Sales Value (in Million USD), 2019 & 2024
- Figure 57: Germany: Farm Equipment Rental Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 58: France: Farm Equipment Rental Market: Sales Value (in Million USD), 2019 & 2024
- Figure 59: France: Farm Equipment Rental Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 60: United Kingdom: Farm Equipment Rental Market: Sales Value (in Million USD), 2019 & 2024
- Figure 61: United Kingdom: Farm Equipment Rental Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 62: Italy: Farm Equipment Rental Market: Sales Value (in Million USD), 2019 & 2024
- Figure 63: Italy: Farm Equipment Rental Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 64: Spain: Farm Equipment Rental Market: Sales Value (in Million USD), 2019 & 2024
- Figure 65: Spain: Farm Equipment Rental Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 66: Russia: Farm Equipment Rental Market: Sales Value (in Million USD), 2019 & 2024
- Figure 67: Russia: Farm Equipment Rental Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 68: Others: Farm Equipment Rental Market: Sales Value (in Million USD), 2019 & 2024
- Figure 69: Others: Farm Equipment Rental Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 70: Latin America: Farm Equipment Rental Market: Sales Value (in Million USD), 2019 & 2024
- Figure 71: Latin America: Farm Equipment Rental Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 72: Brazil: Farm Equipment Rental Market: Sales Value (in Million USD), 2019 & 2024
- Figure 73: Brazil: Farm Equipment Rental Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 74: Mexico: Farm Equipment Rental Market: Sales Value (in Million USD), 2019 & 2024
- Figure 75: Mexico: Farm Equipment Rental Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 76: Others: Farm Equipment Rental Market: Sales Value (in Million USD), 2019 & 2024
- Figure 77: Others: Farm Equipment Rental Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 78: Middle East and Africa: Farm Equipment Rental Market: Sales Value (in Million USD), 2019 & 2024
- Figure 79: Middle East and Africa: Farm Equipment Rental Market: Breakup by Country (in %), 2024
- Figure 80: Middle East and Africa: Farm Equipment Rental Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 81: Global: Farm Equipment Rental Industry: SWOT Analysis
- Figure 82: Global: Farm Equipment Rental Industry: Value Chain Analysis
- Figure 83: Global: Farm Equipment Rental Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Farm Equipment Rental Market: Key Industry Highlights, 2024 & 2033
- Table 2: Global: Farm Equipment Rental Market Forecast: Breakup by Equipment Type (in Million USD), 2025-2033
- Table 3: Global: Farm Equipment Rental Market Forecast: Breakup by Drive (in Million USD), 2025-2033
- Table 4: Global: Farm Equipment Rental Market Forecast: Breakup by Power Output (in Million USD), 2025-2033
- Table 5: Global: Farm Equipment Rental Market Forecast: Breakup by Region (in Million USD), 2025-2033
- Table 6: Global: Farm Equipment Rental Market: Competitive Structure
- Table 7: Global: Farm Equipment Rental Market: Key Players
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