Farm Equipment Rental Report: Trends, Forecast and Competitive Analysis to 2030

Farm Equipment Rental Report: Trends, Forecast and Competitive Analysis to 2030

Farm Equipment Rental Trends and Forecast

The future of the global farm equipment rental market looks promising with opportunities in the tractors, harvesters, balers, and sprayers markets. The global farm equipment rental market is expected to reach an estimated $81.2 billion by 2030 with a CAGR of 5.4% from 2024 to 2030. The major drivers for this market are growing mechanization trend in the agriculture industry, increasing demand for renting different self-propelled equipment to lessen farmers' financial burdens, as well as, introduction of high horsepower (HP) tractors for use in arid soil.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Farm Equipment Rental by Segment

The study includes a forecast for the global farm equipment rental by drive, power output, equipment type, and region

Farm Equipment Rental Market by Drive [Shipment Analysis by Value from 2018 to 2030]:

• Two-Wheel Drive
• Four-Wheel Drive

Farm Equipment Rental Market by Power Output [Shipment Analysis by Value from 2018 to 2030]:

• <30 HP
• 31-70 HP
• 71-130 HP
• 131-250 HP
• >250 HP

Farm Equipment Rental Market by Equipment Type [Shipment Analysis by Value from 2018 to 2030]:

• Tractors
• Harvesters
• Balers
• Sprayers
• Other equipment types

Farm Equipment Rental Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Farm Equipment Rental Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies farm equipment rental companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the farm equipment rental companies profiled in this report include-

• John Deere
• CNH Industrial
• Kubota
• AGCO
• Mahindra & Mahindra
• JCB
• Escorts
• Tractors & farm equipment’s

Farm Equipment Rental Market Insights

Lucintel forecast that 71-130 HP is expected to witness highest growth over the forecast period because the tractors and other pieces of machinery in this power range are highly valued by farmers owing to their versatility and efficiency in a range of agricultural tasks.

Within this market, tractors will remain the largest segment because the tractors are versatile and can be used for a variety of tasks, such as plowing, planting, and harvesting.

APAC is expected to witness highest growth over the forecast period due to growing need for rental tractor and other agricultural equipment, including harvesters, sprayers, and threshers in the region.

Features of the Global Farm Equipment Rental Market

Market Size Estimates: Farm equipment rental market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Farm equipment rental market size by drive, power output, equipment type, and region in terms of value ($B).

Regional Analysis: Farm equipment rental market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different drive, power output, equipment type, and regions for the farm equipment rental market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the farm equipment rental market.

Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q.1 What is the farm equipment rental market size?

Answer: The global farm equipment rental market is expected to reach an estimated $81.2 billion by 2030.

Q.2 What is the growth forecast for farm equipment rental market?

Answer: The global farm equipment rental market is expected to grow with a CAGR of 5.4% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the farm equipment rental market?

Answer: The major drivers for this market are growing mechanization trend in the agriculture industry, increasing demand for renting different self-propelled equipment to lessen farmers' financial burdens, as well as, introduction of high horsepower (HP) tractors for use in arid soil.

Q4. What are the major segments for farm equipment rental market?

Answer: The future of the global farm equipment rental market looks promising with opportunities in the tractors, harvesters, balers, and sprayers markets.

Q5. Who are the key farm equipment rental market companies?

Answer: Some of the key farm equipment rental companies are as follows:

• John Deere
• CNH Industrial
• Kubota
• AGCO
• Mahindra & Mahindra
• JCB
• Escorts
• Tractors & farm equipment’s

Q6. Which farm equipment rental market segment will be the largest in future?

Answer: Lucintel forecast that 71-130 HP is expected to witness highest growth over the forecast period because the tractors and other pieces of machinery in this power range are highly valued by farmers owing to their versatility and efficiency in a range of agricultural tasks.

Q7. In farm equipment rental market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period due to growing need for rental tractor and other agricultural equipment, including harvesters, sprayers, and threshers in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the farm equipment rental market by drive (two-wheel drive and four-wheel drive), power output (<30 HP, 31-70 HP, 71-130 HP, 131-250 HP, and >250 HP), equipment type (tractors, harvesters, balers, sprayers, and other equipment types), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

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