Market Overview:
The global farm equipment rental items market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X%. The market growth can be attributed to the increasing demand for farm equipment rental items due to the rising awareness about the benefits of renting over owning such equipment. On the basis of type, long-term lease accounted for a larger share of the market in 2017. This can be attributed to the fact that long-term leases offer lower monthly rentals as compared with short-term leases and are more economical in terms of total cost ownership. On the basis of application, farm segment dominated the market in 2017 and is expected to maintain its dominance during forecast period as well. This can be attributed to factors such as growing population, which has led to an increase in food demand; rise in disposable income; and government initiatives towards modernizing agriculture sector through subsidies on agricultural machinery leasing/renting schemes. Regionally, North America held a dominant position in 2017.
Product Definition:
Farm equipment rental items are tools and machines used for farming. They include tractors, harvesters, irrigation systems, and other agricultural machinery. Farmers use these tools to cultivate land, plant crops, and harvest fruits and vegetables. The importance of farm equipment rental items is that they help farmers increase their productivity by making the process of farming more efficient.
Long-term Lease:
A long-term lease is a type of rental agreement that allows the lessee to use an asset, which usually has an ascertainable life span. In most cases, the lessor provides the equipment and its maintenance while allowing the lessee to use it for a determinable period of time (which can range from as short as one month up to several years).
Short-term Lease:
Short-term lease is a type of rental agreement in which the lessor purchases the equipment and supplies the lessee with an account number for payment of rent. The lessee uses this equipment and pays rent to the lessor on a daily basis. Short-term lease can be used by any business that requires capital equipment such as computers, office furniture, telephones, copiers etc.
The global short-term lease market size was valued at USD 75 billion in 2016.
Application Insights:
The farm application segment accounted for the largest market share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for tractors, harvesters, animal feed mills and other farm machinery across the globe.
The demand for such equipment has been rising consistently since past few years owing to growing awareness among farmers regarding improved yield production with less efforts and higher profit margins. Moreover, governments are taking numerous initiatives such as providing subsidies on agricultural products which will further boost product demand globally.
Regional Analysis:
Asia Pacific dominated the global farm equipment rental items market in 2017. The region is expected to witness significant growth over the forecast period owing to increasing demand for agricultural machinery from developing and emerging economies, such as China and India. Factors such as rising population, rapid urbanization along with an increase in consumer disposable income levels are anticipated to drive the regional market over the forecast period.
The Asia Pacific has been witnessing strong economic growth since 2010 on account of a rise in manufacturing activities across various industries including automotive, electrical & electronics, construction etc., which has led to an increase in demand for farm equipment rental items. Furthermore, supportive government policies aimed at promoting investments through FDI are projected to boost regional product demand further over the coming years.
Europe accounted for more than 20% of revenue share in 2017 owing high adoption rate of advanced technologies coupled with growing awareness regarding crop protection tools among farmers across countries like Germany.
Growth Factors:
- Increasing demand for food due to population growth
- Rising income levels of consumers in developing countries
- Technological advancements in farm equipment rental items
- Growing awareness about the benefits of farm equipment rental items
- Expansion of the agricultural sector
Scope Of The Report
Report Attributes
Report Details
Report Title
Farm Equipment Rental Items Market Research Report
By Type
Long-term Lease, Short-term Lease
By Application
Farm, Forest Farm, Other
By Companies
John Deere, CNH Industrial, Kubota Corporation, AGCO Corporation, Mahindra & Mahindra, Escorts Ltd, Flaman, Messick’s, Pacific Tractor, Premier Equipment Rentals, The Papé Group
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
178
Number of Tables & Figures
125
Customization Available
Yes, the report can be customized as per your need.
Global Farm Equipment Rental Items Market Report Segments:
The global Farm Equipment Rental Items market is segmented on the basis of:
Types
Long-term Lease, Short-term Lease
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Farm, Forest Farm, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- John Deere
- CNH Industrial
- Kubota Corporation
- AGCO Corporation
- Mahindra & Mahindra
- Escorts Ltd
- Flaman
- Messick’s
- Pacific Tractor
- Premier Equipment Rentals
- The Papé Group
Highlights of The Farm Equipment Rental Items Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Long-term Lease
- Short-term Lease
- By Application:
- Farm
- Forest Farm
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Farm Equipment Rental Items Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Farm equipment rental items are any tools, machines, or other equipment that can be used on a farm. This could include tractors, combines, harvesters, and other agricultural machinery.
Some of the major players in the farm equipment rental items market are John Deere, CNH Industrial, Kubota Corporation, AGCO Corporation, Mahindra & Mahindra, Escorts Ltd, Flaman, Messick’s, Pacific Tractor, Premier Equipment Rentals, The Pap© Group.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Farm Equipment Rental Items Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Farm Equipment Rental Items Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Farm Equipment Rental Items Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Farm Equipment Rental Items Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Farm Equipment Rental Items Market Size & Forecast, 2018-2028
4.5.1 Farm Equipment Rental Items Market Size and Y-o-Y Growth
4.5.2 Farm Equipment Rental Items Market Absolute $ Opportunity
Chapter 5 Global Farm Equipment Rental Items Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Farm Equipment Rental Items Market Size Forecast by Type
5.2.1 Long-term Lease
5.2.2 Short-term Lease
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Farm Equipment Rental Items Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Farm Equipment Rental Items Market Size Forecast by Applications
6.2.1 Farm
6.2.2 Forest Farm
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Farm Equipment Rental Items Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Farm Equipment Rental Items Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Farm Equipment Rental Items Analysis and Forecast
9.1 Introduction
9.2 North America Farm Equipment Rental Items Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Farm Equipment Rental Items Market Size Forecast by Type
9.6.1 Long-term Lease
9.6.2 Short-term Lease
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Farm Equipment Rental Items Market Size Forecast by Applications
9.10.1 Farm
9.10.2 Forest Farm
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Farm Equipment Rental Items Analysis and Forecast
10.1 Introduction
10.2 Europe Farm Equipment Rental Items Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Farm Equipment Rental Items Market Size Forecast by Type
10.6.1 Long-term Lease
10.6.2 Short-term Lease
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Farm Equipment Rental Items Market Size Forecast by Applications
10.10.1 Farm
10.10.2 Forest Farm
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Farm Equipment Rental Items Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Farm Equipment Rental Items Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Farm Equipment Rental Items Market Size Forecast by Type
11.6.1 Long-term Lease
11.6.2 Short-term Lease
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Farm Equipment Rental Items Market Size Forecast by Applications
11.10.1 Farm
11.10.2 Forest Farm
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Farm Equipment Rental Items Analysis and Forecast
12.1 Introduction
12.2 Latin America Farm Equipment Rental Items Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Farm Equipment Rental Items Market Size Forecast by Type
12.6.1 Long-term Lease
12.6.2 Short-term Lease
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Farm Equipment Rental Items Market Size Forecast by Applications
12.10.1 Farm
12.10.2 Forest Farm
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Farm Equipment Rental Items Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Farm Equipment Rental Items Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Farm Equipment Rental Items Market Size Forecast by Type
13.6.1 Long-term Lease
13.6.2 Short-term Lease
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Farm Equipment Rental Items Market Size Forecast by Applications
13.10.1 Farm
13.10.2 Forest Farm
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Farm Equipment Rental Items Market: Competitive Dashboard
14.2 Global Farm Equipment Rental Items Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 John Deere
14.3.2 CNH Industrial
14.3.3 Kubota Corporation
14.3.4 AGCO Corporation
14.3.5 Mahindra & Mahindra
14.3.6 Escorts Ltd
14.3.7 Flaman
14.3.8 Messick’s
14.3.9 Pacific Tractor
14.3.10 Premier Equipment Rentals
14.3.11 The Papé Group
