Overview of “Farm Equipment Rental Market” Report Helps In Providing Scope and Definitions, Key Findings, Growth Drivers, and Various Dynamics.
Global Farm Equipment Rental Market is valued approximately at USD 43.7 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 7.5% over the forecast period 2019-2026. Farm Equipment Rental are services which provide various farming machinery to Farmers. for performing various tasks in the Farm such as ploughing, harvesting and more. There are certain tasks in the Farm which are performed once in every season and hence there is no necessity of the farmer to buy the equipment to perform these tasks. As these are available on rent whenever required. The rising arable land across the globe coupled with the growing demand for food has led the adoption of Farm Equipment Rental across the forecast period. Also, the maturing agricultural mechanization and increasing advancements in Farm Machine Operations are expected to fuel the demand for Farm Equipment Rentals. Further, rising trend of startups offering farm Equipment rental services increases the market growth. However, government initiatives helping farmers by new equipment hinders the market growth. The increasing number of medium scale farmers demand equipment for farming on vast areas of land presenting an opportunistic market for Farm Equipment rentals.
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The regional analysis of global Farm Equipment Rental market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia-Pacific is the leading/significant region across the world in terms of market share owing to the largest arable land in the region as per Food Association organization, the region accounts for 40% of the global arable land coupled with shift from labor intensive farming techniques to advanced technological equipment drives the market in the region. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2019-2026. Factors such as increasing disposable incomes in the region and investments in various agriculture machinery would create lucrative growth prospects for the Farm Equipment Rental market across Asia-Pacific region.
Major market player included in this report are:
John Deere (US)
CNH Industrial (UK)
Kubota Corporation (Japan)
AGCO Corporation (US)
Mahindra & Mahindra (India)
Escorts Ltd (India)
Tractors and farm equipment’s ltd. (India)
Flaman Group of Companies
Premier Equipment Rentals
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Equipment Type:
Other equipment types
Rest of the World
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Furthermore, years considered for the study are as follows:
Historical year – 2016, 2017
Base year – 2018
Forecast period – 2019 to 2026
Target Audience of the Global Farm Equipment Rental Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers
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Note: Our report does take into account the impact of corona virus pandemic and dedicates qualitative as well as quantitative sections of information within the report that emphasizes the impact of COVID-19.
As this pandemic is ongoing and leading to dynamic shifts in stocks and businesses worldwide, we take into account the current condition and forecast the market data taking into consideration the micro and macroeconomic factors that will be affected by the pandemic.
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