Global Hire and Rental of Agricultural Machinery Market Growth (Status and Outlook) 2025-2031

The global Hire and Rental of Agricultural Machinery market size is predicted to grow from US$ 50200 million in 2025 to US$ 71280 million in 2031; it is expected to grow at a CAGR of 6.0% from 2025 to 2031.

Agricultural machinery leasing is a term lease entered into by the lessee with the lessor in order to lease agricultural machinery selected by the lessee from the manufacturer or the seller.

Rising global population and need to ease the financial burden on farmers is one of the major reasons driving the growth of the agricultural machinery rental market. The development of the agricultural equipment rental market is mainly due to the need to reduce the economic burden on farmers. Growing need to reduce farmers" financial constraints will favorably drive the market during the forecast period. Larger farm implements such as tillage equipment, lawnmower conditioners, and forage harvesters are not only more expensive, but also take longer to achieve the desired results. Therefore, agricultural equipment rental companies offer heavy equipment at competitive rental rates. However other factors, such as increased government support for the purchase of new agricultural equipment, may restrain the market expansion.

Countries such as China and India have low leasing penetration compared to the global average. The Indian government launched the CHC Farm Machinery app in October 2019, through which farmers can rent tractors and other farm machinery. With the help of this software, small and marginal farmers can easily rent farm equipment.

LPI (LP Information)' newest research report, the “Hire and Rental of Agricultural Machinery Industry Forecast” looks at past sales and reviews total world Hire and Rental of Agricultural Machinery sales in 2024, providing a comprehensive analysis by region and market sector of projected Hire and Rental of Agricultural Machinery sales for 2025 through 2031. With Hire and Rental of Agricultural Machinery sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Hire and Rental of Agricultural Machinery industry.

This Insight Report provides a comprehensive analysis of the global Hire and Rental of Agricultural Machinery landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Hire and Rental of Agricultural Machinery portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Hire and Rental of Agricultural Machinery market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Hire and Rental of Agricultural Machinery and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Hire and Rental of Agricultural Machinery.

This report presents a comprehensive overview, market shares, and growth opportunities of Hire and Rental of Agricultural Machinery market by product type, application, key players and key regions and countries.

Segmentation by Type:
Financial Leasing Model
Operating Leasing Model

Segmentation by Application:
Farm
Personal

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Amtec
ASHBROOK
Md Express,Eurl
Argo Tractors S.P.A.
JFarm Services
Ben Burgess
Pacific Ag Rentals
CNH industrial NV
John Deere
Dieci S.R.L.
Sunbelt Rentals
Mahindra&Mahindra Ltd.
Farmease
The Papé Group, Inc
Titan Machinery
KUBOTA Corporation
AGCO Corporation
Friesen Sales & Rentals

Please note: The report will take approximately 2 business days to prepare and deliver.