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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 $81.2 billion by 2030 with a CAGR of 5.4% from 2024 to 2030. The major drivers for this market are growing mechanization trend in the agriculture industry, increasing demand for renting different self-propelled equipment to lessen farmersÄX%$%X 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 $81.2 billion by 2030.
Q.2 What is the growth forecast for farm equipment rental market?
Answer: The global farm equipment rental market is expected to grow with a CAGR of 5.4% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the farm equipment rental market?
Answer: The major drivers for this market are growing mechanization trend in the agriculture industry, increasing demand for renting different self-propelled equipment to lessen farmersÄX%$%X 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?
For any questions related to farm equipment rental market or related to farm equipment rental companies, farm equipment rental market size, farm equipment rental market share, farm equipment rental market growth, farm equipment rental market research, write Lucintel analyst at email: helpdesk@lucintel.com we will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Farm Equipment Rental Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Farm Equipment Rental Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Farm Equipment Rental Market by Drive
3.3.1: Two-Wheel Drive
3.3.2: Four-Wheel Drive
3.4: Global Farm Equipment Rental Market by Power Output
3.4.1: <30 HP
3.4.2: 31-70 HP
3.4.3: 71-130 HP
3.4.4: 131-250 HP
3.4.5: >250 HP
3.5: Global Farm Equipment Rental Market by Equipment Type
3.5.1: Tractors
3.5.2: Harvesters
3.5.3: Balers
3.5.4: Sprayers
3.5.5: Other equipment types
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Farm Equipment Rental Market by Region
4.2: North American Farm Equipment Rental Market
4.2.1: North American Farm Equipment Rental Market by Power Output: <30 HP, 31-70 HP, 71-130 HP, 131-250 HP, and >250 HP
4.2.2: North American Farm Equipment Rental Market by Equipment Type: Tractors, Harvesters, Balers, Sprayers, and Other equipment types
4.3: European Farm Equipment Rental Market
4.3.1: European Farm Equipment Rental Market by Power Output: <30 HP, 31-70 HP, 71-130 HP, 131-250 HP, and >250 HP
4.3.2: European Farm Equipment Rental Market by Equipment Type: Tractors, Harvesters, Balers, Sprayers, and Other equipment types
4.4: APAC Farm Equipment Rental Market
4.4.1: APAC Farm Equipment Rental Market by Power Output: <30 HP, 31-70 HP, 71-130 HP, 131-250 HP, and >250 HP
4.4.2: APAC Farm Equipment Rental Market by Equipment Type: Tractors, Harvesters, Balers, Sprayers, and Other equipment types
4.5: ROW Farm Equipment Rental Market
4.5.1: ROW Farm Equipment Rental Market by Power Output: <30 HP, 31-70 HP, 71-130 HP, 131-250 HP, and >250 HP
4.5.2: ROW Farm Equipment Rental Market by Equipment Type: Tractors, Harvesters, Balers, Sprayers, and Other equipment types
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Farm Equipment Rental Market by Drive
6.1.2: Growth Opportunities for the Global Farm Equipment Rental Market by Power Output
6.1.3: Growth Opportunities for the Global Farm Equipment Rental Market by Equipment Type
6.1.4: Growth Opportunities for the Global Farm Equipment Rental Market Region
6.2: Emerging Trends in the Global Farm Equipment Rental Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Farm Equipment Rental Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Farm Equipment Rental Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: John Deere
7.2: CNH Industrial
7.3: Kubota
7.4: AGCO
7.5: Mahindra & Mahindra
7.6: JCB
7.7: Escorts
7.8: Tractors &farm equipment’s
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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