Published Year: 2021
Agriculture Technology-as-a-Service Market – A Global and Regional Analysis: Focus on Service Type
The global agriculture technology-as-a-service market is projected to grow from $1,101.6...
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Table of Contents
1.1 Industry Outlook
1.1.1 Market Definition
1.1.2 Consortiums and Associations
1.1.3 Government Initiatives Landscape
1.1.4 Patent Analysis
1.1.4.1 Patent Analysis (by Status)
1.1.4.2 Patents Analysis (by Organization)
1.1.5 Pricing Analysis
1.2 Business Dynamics
1.2.1 Business Drivers
1.2.1.1 Increased Government Initiatives for the Upliftment of Farm Equipment Rental Market
1.2.1.2 High Cost of Agriculture Equipment
1.2.1.3 Rising Global Food Demand
1.2.2 Business Challenges
1.2.2.1 High Rental Costs and Interest Rates
1.2.2.2 Lack of Awareness among Farmers
1.2.3 Business Strategies
1.2.3.1 Product Development
1.2.3.2 Market Developments
1.2.4 Corporate Strategies
1.2.4.1 Mergers and Acquisitions
1.2.4.2 Partnerships, Collaborations, and Joint Ventures
1.2.4.3 Others
1.2.5 Business Opportunities
1.2.5.1 Rise in the Adoption of Modern Agricultural Equipment
1.2.5.2 Scope of Geographical Expansion for Equipment Manufacturers
1.2.6 Impact of COVID-19 on Global Farm Equipment Rental Market
2.1 Global Farm Equipment Rental Market (by Product)
2.1.1 Tractor
2.1.1.1 Tractor (by Drive)
2.1.1.1.1 Two-Wheel Drive
2.1.1.1.2 Four-Wheel Drive
2.1.1.2 Tractor (by Power Output)
2.1.1.2.1 Less than 50 HP
2.1.1.2.2 50-100 HP
2.1.1.2.3 More than 100 HP
2.1.2 Harvester
2.1.3 Baler
2.1.4 Sprayer
2.1.5 Others
2.2 Demand Analysis of the Global Farm Equipment Rental Market (by Product)
3.1 North America
3.1.1 Market
3.1.1.1 Key Providers in North America
3.1.1.2 Business Drivers
3.1.1.3 Business Challenges
3.1.2 Product
3.1.2.1 North America Farm Equipment Rental Market (by Product), $Billion, 2020-2026
3.1.2.2 North America Farm Equipment Rental Market (Tractor by Power Output), $Billion, 2020-2026
3.1.2.3 North America Farm Equipment Rental Market (Tractor by Drive), $Billion, 2020-2026
3.1.3 North America (by Country)
3.1.3.1 U.S.
3.1.3.1.1 Market
3.1.3.1.1.1 Buyer Attributes
3.1.3.1.1.2 Key Providers Operating in the U.S.
3.1.3.1.1.3 Business Challenges
3.1.3.1.1.4 Business Drivers
3.1.3.1.2 Product
3.1.3.1.2.1 U.S. Farm Equipment Rental Market (by Product), $Billion, 2020-2026
3.1.3.2 Canada
3.1.3.2.1 Market
3.1.3.2.1.1 Buyer Attributes
3.1.3.2.1.2 Key Providers Operating in Canada
3.1.3.2.1.3 Business Challenges
3.1.3.2.1.4 Business Drivers
3.1.3.2.2 Product
3.1.3.2.2.1 Canada Farm Equipment Rental Market (by Product), $Billion, 2020-2026
3.1.3.3 Mexico
3.1.3.3.1 Market
3.1.3.3.1.1 Buyer Attributes
3.1.3.3.1.2 Key Providers Operating in Mexico
3.1.3.3.1.3 Business Challenges
3.1.3.3.1.4 Business Drivers
3.1.3.3.2 Product
3.1.3.3.2.1 Mexico Farm Equipment Rental Market (by Product), $Billion, 2020-2026
3.2 South America
3.2.1 Market
3.2.1.1 Key Providers in South America
3.2.1.2 Business Drivers
3.2.1.3 Business Challenges
3.2.2 Product
3.2.2.1 South America Farm Equipment Rental Market (by Product), $Billion, 2020-2026
3.2.2.2 South America Farm Equipment Rental Market (Tractor by Power Output), $Billion, 2020-2026
3.2.2.3 South America Farm Equipment Rental Market (Tractor by Drive), $Billion, 2020-2026
3.2.3 South America (by Country)
3.2.3.1 Brazil
3.2.3.1.1 Market
3.2.3.1.1.1 Buyer Attributes
3.2.3.1.1.2 Key Providers Operating in Brazil
3.2.3.1.1.3 Business Challenges
3.2.3.1.1.4 Business Drivers
3.2.3.1.2 Product
3.2.3.1.2.1 Brazil Farm Equipment Rental Market (by Product), $Billion, 2020-2026
3.2.3.2 Rest-of-South America
3.2.3.2.1 Market
3.2.3.2.1.1 Buyer Attributes
3.2.3.2.1.2 Key Providers Operating in Rest-of-South America
3.2.3.2.1.3 Business Challenges
3.2.3.2.1.4 Business Drivers
3.2.3.2.2 Product
3.2.3.2.2.1 Rest-of-South America Farm Equipment Rental Market (by Product), $Billion, 2020-2026
3.3 Europe
3.3.1 Market
3.3.1.1 Key Providers in Europe
3.3.1.2 Business Drivers
3.3.1.3 Business Challenges
3.3.2 Product
3.3.2.1 Europe Farm Equipment Rental Market (by Product), $Billion, 2020-2026
3.3.2.2 Europe Farm Equipment Rental Market (Tractor by Power Output), $Billion, 2020-2026
3.3.2.3 Europe Farm Equipment Rental Market (Tractor by Drive), $Billion, 2020-2026
3.3.3 Europe (by Country)
3.3.3.1 Germany
3.3.3.1.1 Market
3.3.3.1.1.1 Buyer Attributes
3.3.3.1.1.2 Key Providers Operating in Germany
3.3.3.1.1.3 Business Challenges
3.3.3.1.1.4 Business Drivers
3.3.3.1.2 Product
3.3.3.1.2.1 Germany Farm Equipment Rental Market (by Product), $Billion, 2020-2026
3.3.3.2 France
3.3.3.2.1 Market
3.3.3.2.1.1 Buyer Attributes
3.3.3.2.1.2 Key Providers Operating in France
3.3.3.2.1.3 Business Challenges
3.3.3.2.1.4 Business Drivers
3.3.3.2.2 Product
3.3.3.2.2.1 France Farm Equipment Rental Market (by Product), $Billion, 2020-2026
3.3.3.3 Spain
3.3.3.3.1 Market
3.3.3.3.1.1 Buyer Attributes
3.3.3.3.1.2 Key Providers Operating in Spain
3.3.3.3.1.3 Business Challenges
3.3.3.3.1.4 Business Drivers
3.3.3.3.2 Product
3.3.3.3.2.1 Spain Farm Equipment Rental Market (by Product), $Billion, 2020-2026
3.3.3.4 Rest-of-Europe
3.3.3.4.1 Market
3.3.3.4.1.1 Buyer Attributes
3.3.3.4.1.2 Key Providers Operating in the Rest-of-Europe
3.3.3.4.1.3 Business Challenges
3.3.3.4.1.4 Business Drivers
3.3.3.4.2 Product
3.3.3.4.2.1 Rest-of-Europe Farm Equipment Rental Market (by Product), $Billion, 2020-2026
3.4 U.K.
3.4.1 Markets
3.4.1.1 Buyer Attributes
3.4.1.2 Key Providers in the U.K.
3.4.1.3 Business Challenges
3.4.1.4 Business Drivers
3.4.2 Product
3.4.2.1 U.K. Farm Equipment Rental Market (by Product), $Billion, 2020-2026
3.4.2.2 U.K. Farm Equipment Rental Market (Tractor by Power Output), $Billion, 2020-2026
3.4.2.3 U.K. Farm Equipment Rental Market (Tractor by Drive), $Billion, 2020-2026
3.5 Middle East and Africa
3.5.1 Market
3.5.1.1 Key Providers in Middle East and Africa
3.5.1.2 Business Drivers
3.5.1.3 Business Challenges
3.5.2 Product
3.5.2.1 Middle East and Africa Farm Equipment Rental Market (by Product), $Billion, 2020-2026
3.5.2.2 Middle East and Africa Farm Equipment Rental Market (Tractor by Power Output), $Billion, 2020-2026
3.5.2.3 Middle East and Africa Farm Equipment Rental Market (Tractor by Drive), $Billion, 2020-2026
3.5.3 Middle East and Africa (by Country)
3.5.3.1 South Africa
3.5.3.1.1 Market
3.5.3.1.1.1 Buyer Attributes
3.5.3.1.1.2 Key Providers Operating in the South Africa
3.5.3.1.1.3 Business Challenges
3.5.3.1.1.4 Business Drivers
3.5.3.1.2 Product
3.5.3.1.2.1 South Africa Farm Equipment Rental Market (by Product), $Billion, 2020-2026
3.5.3.2 Rest-of-Middle East and Africa
3.5.3.2.1 Market
3.5.3.2.1.1 Buyer Attributes
3.5.3.2.1.2 Key Providers Operating in the Rest-of-Middle East and Africa
3.5.3.2.1.3 Business Challenges
3.5.3.2.1.4 Business Drivers
3.5.3.2.2 Product
3.5.3.2.2.1 Rest-of-Middle East and Africa Farm Equipment Rental Market (by Product), $Billion, 2020-2026
3.6 China
3.6.1 Markets
3.6.1.1 Buyer Attributes
3.6.1.2 Key Providers in China
3.6.1.3 Business Challenges
3.6.1.4 Business Drivers
3.6.2 Product
3.6.2.1 China Farm Equipment Rental Market (by Product), $Billion, 2020-2026
3.6.2.2 China Farm Equipment Rental Market (Tractor by Power Output), $Billion, 2020-2026
3.6.2.3 China Farm Equipment Rental Market (Tractor by Drive), $Billion, 2020-2026
3.7 Asia-Pacific
3.7.1 Market
3.7.1.1 Key Providers in Asia-Pacific
3.7.1.2 Business Drivers
3.7.1.3 Business Challenges
3.7.2 Product
3.7.2.1 Asia-Pacific Farm Equipment Rental Market (by Product), $Billion, 2020-2026
3.7.2.2 Asia-Pacific Farm Equipment Rental Market (Tractor by Power Output), $Billion, 2020-2026
3.7.2.3 Asia-Pacific Farm Equipment Rental Market (Tractor by Drive), $Billion, 2020-2026
3.7.3 Asia-Pacific (by Country)
3.7.3.1 Japan
3.7.3.1.1 Market
3.7.3.1.1.1 Buyer Attributes
3.7.3.1.1.2 Key Providers in Japan
3.7.3.1.1.3 Business Challenges
3.7.3.1.1.4 Business Drivers
3.7.3.1.2 Product
3.7.3.1.2.1 Japan Farm Equipment Rental Market (by Product), $Billion, 2020-2026
3.7.3.2 India
3.7.3.2.1 Market
3.7.3.2.1.1 Buyer Attributes
3.7.3.2.1.2 Key Providers in India
3.7.3.2.1.3 Business Challenges
3.7.3.2.1.4 Business Drivers
3.7.3.2.2 Product
3.7.3.2.2.1 India Farm Equipment Rental Market (by Product), $Billion, 2020-2026
3.7.3.3 South Korea
3.7.3.3.1 Market
3.7.3.3.1.1 Buyer Attributes
3.7.3.3.1.2 Key Providers Operating in South Korea
3.7.3.3.1.3 Business Challenges
3.7.3.3.1.4 Business Drivers
3.7.3.3.2 Product
3.7.3.3.2.1 South Korea Farm Equipment Rental Market (by Product), $Billion, 2020-2026
3.7.3.4 Australia
3.7.3.4.1 Market
3.7.3.4.1.1 Buyer Attributes
3.7.3.4.1.2 Key Providers Operating in Australia
3.7.3.4.1.3 Business Challenges
3.7.3.4.1.4 Business Drivers
3.7.3.4.2 Product
3.7.3.4.2.1 Australia Farm Equipment Rental Market (by Product), $Billion, 2020-2026
3.7.3.5 Rest-of-Asia-Pacific
3.7.3.5.1 Market
3.7.3.5.1.1 Buyer Attributes
3.7.3.5.1.2 Key Providers Operating in Rest-of-Asia Pacific
3.7.3.5.1.3 Business Challenges
3.7.3.5.1.4 Business Drivers
3.7.3.5.2 Product
3.7.3.5.2.1 Rest-of-Asia-Pacific Farm Equipment Rental Market (by Product), $Billion, 2020-2026
4.1 Competitive Benchmarking
4.2 Company Profile
4.2.1 Manufacturers
4.2.1.1 Deere & Company
4.2.1.1.1 Company Overview
4.2.1.1.1.1 Role of Deere & Company in the Global Farm Equipment Rental Market
4.2.1.1.1.2 Product Portfolio
4.2.1.1.2 Strengths and Weaknesses of Deere & Company
4.2.1.1.3 R&D Analysis
4.2.1.2 Escorts Limited
4.2.1.2.1 Company Overview
4.2.1.2.1.1 Role of Escorts Limited in the Global Farm Equipment Rental Market
4.2.1.2.1.2 Product Portfolio
4.2.1.2.2 Strengths and Weaknesses of Escorts Limited
4.2.1.2.3 R&D Analysis
4.2.1.3 JC Bamford Excavators Ltd.
4.2.1.3.1 Company Overview
4.2.1.3.1.1 Role of JC Bamford Excavators Ltd. in the Global Farm Equipment Rental Market
4.2.1.3.1.2 Product Portfolio
4.2.1.3.2 Strengths and Weaknesses of JC Bamford Excavators Ltd.
4.2.1.4 Mahindra & Mahindra Ltd.
4.2.1.4.1 Company Overview
4.2.1.4.1.1 Role of Mahindra & Mahindra Ltd. in the Global Farm Equipment Rental Market
4.2.1.4.1.2 Product Portfolio
4.2.1.4.2 Strengths and Weaknesses of Mahindra & Mahindra Ltd.
4.2.1.5 Tractors and Farm Equipment Limited
4.2.1.5.1 Company Overview
4.2.1.5.1.1 Role of Tractors and Farm Equipment Limited in the Global Farm Equipment Rental Market
4.2.1.5.1.2 Product Portfolio
4.2.1.5.2 Strengths and Weaknesses of Tractors and Farm Equipment Limited
4.2.2 Retailers
4.2.2.1 Associated Supply Company, Inc.
4.2.2.1.1 Company Overview
4.2.2.1.1.1 Role of Associated Supply Company, Inc. in the Global Farm Equipment Rental Market
4.2.2.1.1.2 Product Portfolio
4.2.2.1.2 Strengths and Weaknesses of Associated Supply Company, Inc.
4.2.2.2 Cedar Street Sales & Rentals
4.2.2.2.1 Company Overview
4.2.2.2.1.1 Role of Cedar Street Sales & Rentals in the Global Farm Equipment Rental Market
4.2.2.2.1.2 Product Portfolio
4.2.2.2.2 Strengths and Weaknesses of Cedar Street Sales & Rentals
4.2.2.3 Farmease
4.2.2.3.1 Company Overview
4.2.2.3.1.1 Role of Farmease in the Global Farm Equipment Rental Market
4.2.2.3.1.2 Product Portfolio
4.2.2.3.2 Strengths and Weaknesses of Farmease
4.2.2.4 Flaman Group of Companies
4.2.2.4.1 Company Overview
4.2.2.4.1.1 Role of Flaman Group of Companies in the Global Farm Equipment Rental Market
4.2.2.4.1.2 Product Portfolio
4.2.2.4.2 Strengths and Weaknesses of Flaman Group of Companies
4.2.2.5 German Bliss Equipment Inc.
4.2.2.5.1 Company Overview
4.2.2.5.1.1 Role of German Bliss Equipment Inc. in the Global Farm Equipment Rental Market
4.2.2.5.1.2 Product Portfolio
4.2.2.5.2 Strengths and Weaknesses of German Bliss Equipment Inc.
4.2.2.6 KWIPPED, Inc.
4.2.2.6.1 Company Overview
4.2.2.6.1.1 Role of KWIPPED, Inc. in the Global Farm Equipment Rental Market
4.2.2.6.1.2 Product Portfolio
4.2.2.6.2 Strengths and Weaknesses of KWIPPED, Inc.
4.2.2.7 Messick's
4.2.2.7.1 Company Overview
4.2.2.7.1.1 Role of Messick's in the Global Farm Equipment Rental Market
4.2.2.7.1.2 Product Portfolio
4.2.2.7.2 Strengths and Weaknesses of Messick's
4.2.2.8 Pacific Tractor & Implement
4.2.2.8.1 Company Overview
4.2.2.8.1.1 Role of Pacific Tractor & Implement in the Global Farm Equipment Rental Market
4.2.2.8.1.2 Product Portfolio
4.2.2.8.2 Strengths and Weaknesses of Pacific Tractor & Implement
4.2.2.9 The Papé Group, Inc.
4.2.2.9.1 Company Overview
4.2.2.9.1.1 Role of The Papé Group, Inc. in the Global Farm Equipment Rental Market
4.2.2.9.1.2 Product Portfolio
4.2.2.9.2 Strengths and Weaknesses of The Papé Group, Inc.
4.2.2.10 Titan Machinery Inc.
4.2.2.10.1 Company Overview
4.2.2.10.1.1 Role of Titan Machinery Inc. in the Global Farm Equipment Rental Market
4.2.2.10.1.2 Product Portfolio
4.2.2.10.2 Strengths and Weaknesses of Titan Machinery Inc.
4.2.2.11 Other Key Players
5.1 Data Sources
5.1.1 Primary Data Sources
5.1.2 Secondary Data Sources
5.1.3 Data Triangulation
5.2 Market Estimation and Forecast
Table 1: Key Consortiums and Associations in Global Farm Equipment Rental Market
Table 2: Government Initiatives Toward Global Farm Equipment Rental Market
Table 3: Average Prices of Rental Farm Equipment
Table 4: Business Expansions (by Company), January 2018-August 2021
Table 5: Partnership, Collaboration, and Joint Venture (by Company), January 2018-August 2021
Table 6: Tractor Offered by Key Companies Operating in Farm Equipment Rental Market
Table 7: Harvester Offered by Key Companies Operating in Farm Equipment Rental Market
Table 8: Global Farm Equipment Rental Market (by Product), $Billion, 2020-2026
Table 9: Global Farm Equipment Rental Market (Tractor by Power Output), $Billion, 2020-2026
Table 10: Global Farm Equipment Rental Market (Tractor by Drive), $Billion, 2020-2026
Table 11: Global Farm Equipment Rental Market (by Region), $Billion, 2020-2026
Table 12: North America Farm Equipment Rental Market (by Product), $Billion, 2020-2026
Table 13: North America Farm Equipment Rental Market (Tractor by Power Output), $Billion, 2020-2026
Table 14: North America Farm Equipment Rental Market (Tractor by Drive), $Billion, 2020-2026
Table 15: North America Farm Equipment Rental Market (by Country), $Million, 2020-2026
Table 16: U.S. Farm Equipment Rental Market (by Product), $Billion, 2020-2026
Table 17: Canada Farm Equipment Rental Market (by Product), $Billion, 2020-2026
Table 18: Mexico Farm Equipment Rental Market (by Product), $Billion, 2020-2026
Table 19: South America Farm Equipment Rental Market (by Product), $Billion, 2020-2026
Table 20: South America Farm Equipment Rental Market (Tractor by Power Output), $Billion, 2020-2026
Table 21: South America Farm Equipment Rental Market (Tractor by Drive), $Billion, 2020-2026
Table 22: South America Farm Equipment Rental Market (by Country), $Million, 2020-2026
Table 23: Brazil Farm Equipment Rental Market (by Product), $Billion, 2020-2026
Table 24: Rest-of-South America Farm Equipment Rental Market (by Product), $Billion, 2020-2026
Table 25: Europe Farm Equipment Rental Market (by Product), $Billion, 2020-2026
Table 26: Europe Farm Equipment Rental Market (Tractor by Power Output), $Billion, 2020-2026
Table 27: Europe Farm Equipment Rental Market (Tractor by Drive), $Billion, 2020-2026
Table 28: Europe Farm Equipment Rental Market (by Country), $Million, 2020-2026
Table 29: Germany Farm Equipment Rental Market (by Product), $Billion, 2020-2026
Table 30: France Farm Equipment Rental Market (by Product), $Billion, 2020-2026
Table 31: Spain Farm Equipment Rental Market (by Product), $Billion, 2020-2026
Table 32: Rest-of-Europe Farm Equipment Rental Market (by Product), $Billion, 2020-2026
Table 33: U.K. Farm Equipment Rental Market (by Product), $Billion, 2020-2026
Table 34: U.K. Farm Equipment Rental Market (Tractor by Power Output), $Billion, 2020-2026
Table 35: U.K. Farm Equipment Rental Market (Tractor by Drive), $Billion, 2020-2026
Table 36: Middle East and Africa Farm Equipment Rental Market (by Product), $Billion, 2020-2026
Table 37: Middle East and Africa Farm Equipment Rental Market (Tractor by Power Output), $Billion, 2020-2026
Table 38: Middle East and Africa Farm Equipment Rental Market (Tractor by Drive), $Billion, 2020-2026
Table 39: Middle East and Africa Farm Equipment Rental Market (by Country), $Million, 2020-2026
Table 40: South Africa Farm Equipment Rental Market (by Product), $Billion, 2020-2026
Table 41: Rest-of-Middle East and Africa Farm Equipment Rental Market (by Product), $Billion, 2020-2026
Table 42: China Farm Equipment Rental Market (by Product), $Billion, 2020-2026
Table 43: China Farm Equipment Rental Market (Tractor by Power Output), $Billion, 2020-2026
Table 44: China Farm Equipment Rental Market (Tractor by Drive), $Billion, 2020-2026
Table 45: Asia-Pacific Farm Equipment Rental Market (by Product), $Billion, 2020-2026
Table 46: Asia-Pacific Farm Equipment Rental Market (Tractor by Power Output), $Billion, 2020-2026
Table 47: Asia-Pacific Farm Equipment Rental Market (Tractor by Drive), $Billion, 2020-2026
Table 48: Asia-Pacific Farm Equipment Rental Market (by Country), $Million, 2020-2026
Table 49: Japan Farm Equipment Rental Market (by Product), $Billion, 2020-2026
Table 50: India Farm Equipment Rental Market (by Product), $Billion, 2020-2026
Table 51: South Korea Farm Equipment Rental Market (by Product), $Billion, 2020-2026
Table 52: Australia Farm Equipment Rental Market (by Product), $Billion, 2020-2026
Table 53: Rest-of-Asia-Pacific Farm Equipment Rental Market (by Product), $Billion, 2020-2026
Table 54: Deere & Company: Product Portfolio
Table 55: Escorts Limited: Product Portfolio
Table 56: JC Bamford Excavators Ltd.: Product Portfolio
Table 57: Mahindra & Mahindra Ltd.: Product Portfolio
Table 58: Tractors and Farm Equipment Limited: Product Portfolio
Table 59: Associated Supply Company, Inc.: Product Portfolio
Table 60: Cedar Street Sales & Rentals: Product Portfolio
Table 61: Farmease: Product Portfolio
Table 62: Flaman Group of Companies: Product Portfolio
Table 63: German Bliss Equipment Inc.: Product Portfolio
Table 64: KWIPPED, Inc.: Product Portfolio
Table 65: Messick's: Product Portfolio
Table 66: Pacific Tractor & Implement: Product Portfolio
Table 67: The Papé Group, Inc.: Product Portfolio
Table 68: Titan Machinery Inc.: Product Portfolio
Table 69: Other Key Players in Global Farm Equipment Rental Market
Figure 1: Global Farm Equipment Rental Market, $Billion, 2020-2026
Figure 2: Market Drivers and Challenges in Global Farm Equipment Rental Market
Figure 3: Global Farm Equipment Rental Market (by Product), $Billion, 2020-2026
Figure 4: Global Farm Equipment Rental Market (Tractor by Power Output), $Billion, 2020-2026
Figure 5: Global Farm Equipment Rental Market (Tractor by Drive), $Billion, 2020-2026
Figure 6: Global Farm Equipment Rentals Market (by Region), $Billion, 2020
Figure 7: Global Farm Equipment Rental Market Coverage
Figure 8: Global Farm Equipment Rental Patent Trend (2005-2020)
Figure 9: Year-Wise Total Number of Patents for Farm Equipment Rental Market (January 2018-August 2021)
Figure 10: Patent Analysis (by Status), January 2018-August 2021
Figure 11: Year-Wise Total Patents Filed or Granted for Farm Equipment Rental Market, January 2018-August 2021
Figure 12: Patents Analysis (by Organization), January 2018-August 2021
Figure 13: Average Farm Equipment Cost (by Region), 2021
Figure 14: Projected Global Population Growth
Figure 15: Average Rent of Farm Equipment, 2020 (Cost/Day)
Figure 16: Share of Key Market Strategies and Developments, January 2018-August 2021
Figure 17: Mergers and Acquisitions (by Company), January 2018-June 2021
Figure 18: Global Farm Equipment Rental Market (by Product)
Figure 19: Competitive Market High & Low Matrix
Figure 20: Rental Farm Equipment Providers (by Type of Company)
Figure 21: Deere & Company: R&D Analysis, 2018-2020
Figure 22: Escorts Limited: R&D Analysis, 2018-2020
Figure 23: Data Triangulation
Figure 24: Top-Down and Bottom-Up Approach
Figure 25: Assumptions and Limitations
Market Report Coverage
|
Farm Equipment Rental |
|||
|
Base Year |
2020 |
Market Size in 2020 |
$31.24 Billion |
|
Forecast Period |
2021-2026 |
Value Projection and Estimation by 2026 |
$46.28 Billion |
|
CAGR During Forecast Period |
6.63% |
Number of Tables |
69 |
|
Number of Pages |
153 |
Number of Figures |
25 |
|
Market Segmentation |
• Product: Tractor, Harvester, Baler, Sprayer, and Others |
||
|
Regional Segmentation |
• North America: U.S., Canada, and Mexico • South America: Brazil, and Rest-of-South America • Europe: Germany, France, Spain, and Rest-of-Europe • U.K. • Middle East and Africa: South Africa and Rest-of-Middle East and Africa • China • Asia-Pacific: India, Japan, South Korea, Australia, and Rest-of-Asia-Pacific |
||
|
Market Growth Drivers |
• Increased Government Initiatives for the Upliftment of Farm Equipment Rental Market • Rising Global Food Demand |
||
|
Market Challenges |
• High Rental Costs and Interest Rates • Lack of Awareness among Farmers |
||
|
Market Opportunities |
• Rise in the Adoption of Modern Agricultural Equipment • Scope of Geographical Expansion for Equipment Manufacturers |
||
|
Key Companies Profiled |
Manufacturers: Deere & Company, Escorts Limited, JC Bamford Excavators Ltd., Mahindra & Mahindra Ltd., Tractors and Farm Equipment Limited Retailers: Associated Supply Company, Inc., Cedar Street Sales & Rentals, Farmease, Flaman Group of Companies, German Bliss Equipment Inc., KWIPPED, Inc., Messick's, Pacific Tractor & Implement, The Papé Group, Inc., Titan Machinery Inc. |
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How This Report Can Add Value
Product/ Innovation Strategy: The product segment helps the reader in understanding the different types of farm equipment offered by key players operating in the market and their potential globally. Moreover, the study provides the reader a detailed understanding of the operation of different rental farm equipment (i.e., tractor, harvester, baler, sprayer, and others). These are the primary equipment rented out by growers around the world, wherein tractors are the primary equipment rented out.
Growth / Marketing Strategy: The farm equipment rental service providers have opted for a merger and acquisition strategy as a way of establishing dominance in the farm equipment rental market. Growth/marketing strategies will help the reader in understanding the revenue-generating strategies adopted by the players operating in the global farm equipment rental market. For instance, in August 2021, Herc Holdings Inc., a leading North American equipment rental supplier operating as Herc Rentals Inc., announced that it had completed the acquisition of substantially all the assets of Texas-based CBS Rentals (CBS). Also, in June 2021, CNH Industrial N.V. acquired Raven Industries Inc. The long partnership between the two companies will further enhance CNH Industrial’s position in the global agriculture equipment rental market by adding innovation capabilities in autonomous and precision agriculture technology. Moreover, other strategies adopted by the market players will help the reader in making strategic decisions, such as go-to-market strategies.
Key Questions Answered in the Report
• What is the estimated global farm equipment rental market size in terms of revenue for the forecast period 2021-2026, and what is the expected compound annual growth rate (CAGR) during the forecast period 2021-2026?
• What are the key trends, market drivers, and opportunities in the market pertaining to farm equipment rental?
• What are the major restraints inhibiting the growth of the global farm equipment rental market?
• What kinds of new strategies are being adopted by the existing market players to expand their market position in the industry?
• What is the competitive strength of the key players in the farm equipment rental market based on an analysis of their recent developments, product offerings, and regional presence?
• How is the competitive benchmarking of the key farm equipment rental companies in the agriculture market based on the analysis of their market coverage and market potential?
• How much revenue is each segment expected to record during the forecast period, along with the growth percentage?
• Which are the type of players and stakeholders operating in the market ecosystem of farm equipment rental, and what is their significance in the global market?
Report Summary
Global Farm Equipment Rental Market
Farm equipment rental is the service provided by farm equipment manufacturers and other farm equipment companies. Through the rental service, farm equipment such as tractors, harvesters, balers, and sprayers are provided to the farmers on a rental basis. Most of the companies operating in the market offer the equipment on an hourly, weekly, or on a monthly basis to fulfill the needs of the farmers. Farm equipment rental services have helped in the growth of small- and medium-scale farmers, which has led to an increase in global agricultural production.
Global Farm Equipment Rental Industry Overview
Rental farm equipment offered by key players operating in the market are deployed in all sectors of agriculture. The equipment offered by companies uses modern technology that increases agricultural efficiency and production. Since 2005, rental equipment has been offered by companies around the world. Also, government initiatives for the development of the farm equipment rental market in certain regions of the world such as Asia-Pacific have helped in the upliftment of the market.
The global farm equipment rental market is expected to reach $46.28 billion by 2026, with a CAGR of 6.63% during the forecast period 2021-2026. The growth rate in the market is because of the increased government initiatives around the world for rental farm equipment, as this leads to an increase in agricultural production to cater to the growing global food demand. Also, inflation in farm equipment prices has made it difficult for small- and medium-scale farmers to afford the equipment. This has led to an increase in the growth of the global farm equipment rental market.
Dominating Segments:
Tractor
The global farm equipment rental market in the product segment is expected to be dominated by tractor, followed by harvester. The dominance of tractor in the product segment is due to the multiple purpose tractors used in the field. Tractors are used for transportation as well to provide power for other implements such as harvesters and balers.
50-100 HP
The 50-100 HP tractors are expected to dominate the tractor rental segment due to the increased applications that these tractors can perform in the field. In conventional agriculture, all major activities such as harvesting and cultivation can be easily performed by attaching an implement with a tractor having a 50-100 HP range.
Four-Wheel Drive
The rental farm tractor market is expected to be dominated by four-wheel-drive tractors pertaining to the increased applications of these tractors when compared to two-wheel drive tractors. Also, four-wheel-drive tractors can easily be used in the wet field, which increases the adoption of these tractors.
Asia-Pacific
Asia-Pacific is the region that is expected to dominate the global farm equipment rental market in the coming years. The average farm size in most countries of the region, such as India, is less than 5 hectares of land, which is considered a primary driver for the farm equipment rental market in the region.
Key Market Players and Competition Synopsis
Deere & Company, Escorts Limited, JC Bamford Excavators Ltd., Mahindra & Mahindra Ltd., Tractors and Farm Equipment Limited, Associated Supply Company, Inc., Cedar Street Sales & Rentals, Farmease, Flaman Group of Companies, German Bliss Equipment Inc., KWIPPED, Inc., Messick's, Pacific Tractor & Implement, The Papé Group, Inc., Titan Machinery Inc.
The companies that are profiled in the report have been selected based on the selective pool of players, primarily Tier-1 (which hold 50-60% of the market), mid-segment players (comprising 30-40% share), and small and emerging companies (holding the balance 10-20% share), based on various factors such as product portfolio, annual revenues, market penetration, research, and development initiatives, along with a domestic and international presence in the farm equipment rental industry.
Farm Equipment Rental Market - A Global and Regional Analysis
Focus on Product and Country Analysis - Analysis and Forecast, 2020-2026
Some Faq's
Frequently Asked Questions
The global farm equipment rental market is expected to reach $46.28 billion by 2026, with a CAGR of 6.63% during the forecast period 2021-2026.
The top market players are Deere & Company, Escorts Limited, JC Bamford Excavators Ltd., Mahindra & Mahindra Ltd., Tractors and Farm Equipment Limited, Associated Supply Company, Inc., Cedar Street Sales & Rentals, Farmease, Flaman Group of Companies, German Bliss Equipment Inc., KWIPPED, Inc., Messick's, Pacific Tractor & Implement, The Papé Group, Inc., Titan Machinery Inc.
Factors driving the growth of the global farm equipment rental market are increased government initiatives for the upliftment of farm equipment rental market and rising global food demand.
The main challenges restricting the growth of the global farm equipment rental market are high rental costs and interest rates and lack of awareness among farmers.
The potential opportunities that are likely to boost the growth of the global farm equipment rental market are rise in the adoption of modern agricultural equipment and scope of geographical expansion for equipment manufacturers.
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