As on date of publishing, this report will capture the impact assessment of COVID-19 on this market and the same will be considered in our market forecast model. Clients purchasing this report between April and June 2020 will be getting a ‘free’ updated market data excel sheet between July and September 2020 accounting for the impact of COVID-19 on the market in the current year 2020 and forecast.

Global farm equipment rental market is expected to grow at a formidable rate during the forecast period. The global farm equipment rental market is driven by the increasing automation across the agricultural industry. Additionally, growing number of startups providing agriculture equipment rental services is further expected to fuel the market growth through 2025. Besides, farm rental equipment services reduce the burden on the pockets of the farmers and provide them with a cost effective solution for availing the agricultural equipment. This in turn is expected to positively influence the market growth over the next few years. Besides, technological advancements and new service launches by the major players operating in the market is expected to create lucrative opportunities for the market growth during the forecast period.

The global farm equipment rental market is segmented based on type, power output, drive type, function, purpose, company and region. Based on type, the market can be categorized into tractors, harvesters, balers, sprayers, utility vehicles, implements and others. Here, the tractors segment is expected to dominate the market on account of their extensive use for carrying out various agricultural activities such as plowing, cultivating, sowing, planting, threshing, among others. Additionally, increasing mechanization across the agricultural industry is further propelling the segmental growth. Based on drive type, the market can be split into two-wheel drive and four-wheel drive. The four-wheel drive segment is expected to dominate the market on account of their extensive use for commercial purposes. 

Regionally, the global farm equipment rental market has been segmented into Asia-Pacific, North America, South America, Europe, and Middle East & Africa. Among these regions, Asia Pacific is expected to register highest growth in the overall farm equipment rental market during the forecast period owing to the widespread adoption of technologically advanced agricultural machinery and equipment in the region. This has drastically increased the demand for tractors especially. Additionally, growing investments by the governments in countries such as China and India on improvising their agricultural industry is further expected to drive the market growth in the region.

Major players operating in the global farm equipment rental market include John Deere (Deere & Company), CNH Industrial N.V., Kubota Corporation, Mahindra & Mahindra Limited, J C Bamford Excavators, Escorts Group, AGCO Corporation, Tractors and Farm Equipment’s Ltd., Premier Equipment Rentals, Flaman Group of Companies, Pacific AG Rental LLC, Kwipped Inc., EM3 Agri Services, German Bliss Equipment Inc., Friesen Sales & Rentals and others. The companies are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments.

Years considered for this report:

Historical Years: 2015-2018

Base Year: 2019

Estimated Year: 2020

Forecast Period: 2021–2025

Objective of the Study:

  • To analyze and estimate the market size of global farm equipment rental market from 2015 to 2018.
  • To estimate and forecast the market size of global farm equipment rental market from 2019 to 2025 and growth rate until 2025.
  • To classify and forecast global farm equipment rental market based on type, power output, drive type, function, purpose, company and regional distribution.
  • To identify dominant region or segment in the global farm equipment rental market.
  • To identify drivers and challenges for global farm equipment rental market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global farm equipment rental market.
  • To identify and analyze the profile of leading players operating in global farm equipment rental market.
  • To identify key sustainable strategies adopted by market players in global farm equipment rental market.

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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of service providers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the service providers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the service providers, vendors and presence of all major players across the globe.

TechSci Research calculated the market size of global farm equipment rental market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

  • Farm equipment rental service providers, vendors and other stakeholders
  • Government bodies such as regulating authorities and policy makers
  • Organizations, forums and alliances related to farm equipment rental
  • Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers, partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, global farm equipment rental market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Global Farm Equipment Rental Market, By Type:
    • Tractors
    • Harvesters
    • Balers
    • Sprayers
    • Utility Vehicles
    • Implements
    • Others
  • Global Farm Equipment Rental Market, By Power Output:
    • <20 HP
    • 21-50 HP
    • 51-150 HP
    • 151-250 HP
    • 250-380 HP
    • 381-600 HP
    • Above 600 HP
  • Global Farm Equipment Rental Market, By Drive Type:
    • Two-Wheel Drive
    • Four-Wheel Drive
  • Global Farm Equipment Rental Market, By Function:
    • Ploughing & Cultivating
    • Sowing & Planting
    • Plant Protection & Fertilizing
    • Harvesting & Threshing
    • Others
  • Global Farm Equipment Rental Market, By Purpose:
    • Light Duty
    • High Clearance
    • Row Corp
    • Light Tillage
    • Heavy Tillage
    • Others
  • Global Farm Equipment Rental Market, By Region:
    • North America
      • United States
      • Canada
      • Mexico
    • Europe
      • Germany
      • France
      • Poland
      • Italy
      • Spain
    • Asia-Pacific
      • China
      • Japan
      • India
      • South Korea
      • Australia
    • Middle East & Africa
      • South Africa
      • Saudi Arabia
      • Egypt
      • Israel
    • South America
      • Brazil
      • Argentina
      • Colombia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global farm equipment rental market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).
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1.    Product Overview

2.    Research Methodology

3.    Impact of COVID-19 on Global Farm Equipment Rental Market

4.    Executive Summary

5.    Voice of Customer

6.    Global Farm Equipment Rental Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Type (Tractors, Harvesters, Balers, Sprayers, Utility Vehicles, Implements, Others)

6.2.2.     By Power Output (<20 HP, 21-50 HP, 51-150 HP, 151-250 HP, 250-380 HP, 381-600 HP, Above 600 HP)

6.2.3.     By Drive Type (Two-Wheel Drive v/s Four-Wheel Drive)

6.2.4.     By Function (Ploughing & Cultivating, Sowing & Planting, Plant Protection & Fertilizing, Harvesting & Threshing, Others)

6.2.5.     By Purpose (Light Duty, High Clearance, Row Corp, Light Tillage, Heavy Tillage, Others)

6.2.6.     By Company (2019)

6.2.7.     By Region

6.3.  Product Market Map

7.    Asia-Pacific Farm Equipment Rental Market Outlook

7.1.  Market Size & Forecast          

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.     By Type

7.2.2.     By Power Output

7.2.3.     By Drive Type

7.2.4.     By Function

7.2.5.     By Purpose

7.2.6.     By Country

7.3.  Asia-Pacific: Country Analysis

7.3.1.     China Farm Equipment Rental Market Outlook

7.3.1.1.         Market Size & Forecast

7.3.1.1.1.             By Value

7.3.1.2.         Market Share & Forecast

7.3.1.2.1.             By Type

7.3.1.2.2.             By Power Output

7.3.1.2.3.             By Drive Type

7.3.1.2.4.             By Function

7.3.2.     India Farm Equipment Rental Market Outlook

7.3.2.1.         Market Size & Forecast

7.3.2.1.1.             By Value

7.3.2.2.         Market Share & Forecast

7.3.2.2.1.             By Type

7.3.2.2.2.             By Power Output

7.3.2.2.3.             By Drive Type

7.3.2.2.4.             By Function

7.3.3.     Australia Farm Equipment Rental Market Outlook

7.3.3.1.         Market Size & Forecast

7.3.3.1.1.             By Value

7.3.3.2.         Market Share & Forecast

7.3.3.2.1.             By Type

7.3.3.2.2.             By Power Output

7.3.3.2.3.             By Drive Type

7.3.3.2.4.             By Function

7.3.4.     Japan Farm Equipment Rental Market Outlook

7.3.4.1.         Market Size & Forecast

7.3.4.1.1.             By Value

7.3.4.2.         Market Share & Forecast

7.3.4.2.1.             By Type

7.3.4.2.2.             By Power Output

7.3.4.2.3.             By Drive Type

7.3.4.2.4.             By Function

7.3.5.     South Korea Farm Equipment Rental Market Outlook

7.3.5.1.         Market Size & Forecast

7.3.5.1.1.             By Value

7.3.5.2.         Market Share & Forecast

7.3.5.2.1.             By Type

7.3.5.2.2.             By Power Output

7.3.5.2.3.             By Drive Type

7.3.5.2.4.             By Function

8.    Europe Farm Equipment Rental Market Outlook

8.1.  Market Size & Forecast          

8.1.1.     By Value

8.2.  Market Share & Forecast

8.2.1.     By Type

8.2.2.     By Power Output

8.2.3.     By Drive Type

8.2.4.     By Function

8.2.5.     By Purpose

8.2.6.     By Country

8.3.  Europe: Country Analysis

8.3.1.     France Farm Equipment Rental Market Outlook

8.3.1.1.         Market Size & Forecast

8.3.1.1.1.             By Value

8.3.1.2.         Market Share & Forecast

8.3.1.2.1.             By Type

8.3.1.2.2.             By Power Output

8.3.1.2.3.             By Drive Type

8.3.1.2.4.             By Function

8.3.2.     Germany Farm Equipment Rental Market Outlook

8.3.2.1.         Market Size & Forecast

8.3.2.1.1.             By Value

8.3.2.2.         Market Share & Forecast

8.3.2.2.1.             By Type

8.3.2.2.2.             By Power Output

8.3.2.2.3.             By Drive Type

8.3.2.2.4.             By Function

8.3.3.     Poland Farm Equipment Rental Market Outlook

8.3.3.1.         Market Size & Forecast

8.3.3.1.1.             By Value

8.3.3.2.         Market Share & Forecast

8.3.3.2.1.             By Type

8.3.3.2.2.             By Power Output

8.3.3.2.3.             By Drive Type

8.3.3.2.4.             By Function

8.3.4.     Italy Farm Equipment Rental Market Outlook

8.3.4.1.         Market Size & Forecast

8.3.4.1.1.             By Value

8.3.4.2.         Market Share & Forecast

8.3.4.2.1.             By Type

8.3.4.2.2.             By Power Output

8.3.4.2.3.             By Drive Type

8.3.4.2.4.             By Function

8.3.5.     Spain Farm Equipment Rental Market Outlook

8.3.5.1.         Market Size & Forecast

8.3.5.1.1.             By Value

8.3.5.2.         Market Share & Forecast

8.3.5.2.1.             By Type

8.3.5.2.2.             By Power Output

8.3.5.2.3.             By Drive Type

8.3.5.2.4.             By Function

9.    North America Farm Equipment Rental Market Outlook

9.1.  Market Size & Forecast          

9.1.1.     By Value

9.2.  Market Share & Forecast

9.2.1.     By Type

9.2.2.     By Power Output

9.2.3.     By Drive Type

9.2.4.     By Function

9.2.5.     By Purpose

9.2.6.     By Country

9.3.  North America: Country Analysis

9.3.1.     United States Farm Equipment Rental Market Outlook

9.3.1.1.         Market Size & Forecast

9.3.1.1.1.             By Value

9.3.1.2.         Market Share & Forecast

9.3.1.2.1.             By Type

9.3.1.2.2.             By Power Output

9.3.1.2.3.             By Drive Type

9.3.1.2.4.             By Function

9.3.2.     Mexico Farm Equipment Rental Market Outlook

9.3.2.1.         Market Size & Forecast

9.3.2.1.1.             By Value

9.3.2.2.         Market Share & Forecast

9.3.2.2.1.             By Type

9.3.2.2.2.             By Power Output

9.3.2.2.3.             By Drive Type

9.3.2.2.4.             By Function

9.3.3.     Canada Farm Equipment Rental Market Outlook

9.3.3.1.         Market Size & Forecast

9.3.3.1.1.             By Value

9.3.3.2.         Market Share & Forecast

9.3.3.2.1.             By Type

9.3.3.2.2.             By Power Output

9.3.3.2.3.             By Drive Type

9.3.3.2.4.             By Function

10.  South America Farm Equipment Rental Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value

10.2.              Market Share & Forecast

10.2.1.  By Type

10.2.2.  By Power Output

10.2.3.  By Drive Type

10.2.4.  By Function

10.2.5.  By Purpose

10.2.6.  By Country

10.3.              South America: Country Analysis

10.3.1.  Brazil Farm Equipment Rental Market Outlook

10.3.1.1.      Market Size & Forecast

10.3.1.1.1.           By Value

10.3.1.2.      Market Share & Forecast

10.3.1.2.1.           By Type

10.3.1.2.2.           By Power Output

10.3.1.2.3.           By Drive Type

10.3.1.2.4.           By Function

10.3.2.  Argentina Farm Equipment Rental Market Outlook

10.3.2.1.      Market Size & Forecast

10.3.2.1.1.           By Value

10.3.2.2.      Market Share & Forecast

10.3.2.2.1.           By Type

10.3.2.2.2.           By Power Output

10.3.2.2.3.           By Drive Type

10.3.2.2.4.           By Function

10.3.3.  Colombia Farm Equipment Rental Market Outlook

10.3.3.1.      Market Size & Forecast

10.3.3.1.1.           By Value

10.3.3.2.      Market Share & Forecast

10.3.3.2.1.           By Type

10.3.3.2.2.           By Power Output

10.3.3.2.3.           By Drive Type

10.3.3.2.4.           By Function

11.  Middle East and Africa Farm Equipment Rental Market Outlook

11.1.              Market Size & Forecast

11.1.1.  By Value

11.2.              Market Share & Forecast

11.2.1.  By Type

11.2.2.  By Power Output

11.2.3.  By Drive Type

11.2.4.  By Function

11.2.5.  By Purpose

11.2.6.  By Country

11.3.              MEA: Country Analysis

11.3.1.  South Africa Farm Equipment Rental Market Outlook

11.3.1.1.      Market Size & Forecast

11.3.1.1.1.           By Value

11.3.1.2.      Market Share & Forecast

11.3.1.2.1.           By Type

11.3.1.2.2.           By Power Output

11.3.1.2.3.           By Drive Type

11.3.1.2.4.           By Function

11.3.2.