세계의 농기구 렌탈 시장 규모 - 장비 유형별, 구동 방식별, 출력별 예측(2023-2032년)

Farm equipment rental market size is predicted to record more than 6% CAGR from 2023 to 2032 owing to the increasing cost of purchasing new farming machinery. With the escalating prices of modern agricultural equipment, many farmers are opting for a cost-effective alternative by turning to rental services. This has not only resulted in substantial cost savings but also ensured access to the latest and most advanced machinery.

According to the FAO of the United Nations, the livestock sector independently is responsible for nearly 18% of all greenhouse gas emissions. Also, clearing land for agriculture is leading to climate change and pollution. With the growing awareness of the environmental impact of agriculture among farmers, the adoption of sustainable and precision farming practices is increasing. These factors are also encouraging farmers to explore rental options that promote efficient resource utilization and reduced environmental footprint.

The overall farm equipment rental industry is classified as per equipment type, drive, power output, and region.

The harvesters segment is expected to witness substantial growth through 2032. Farmers are increasingly looking to rent specialized harvesting equipment to improve efficiency during peak harvesting seasons including, combine harvesters, forage harvesters, and cotton pickers, among others. Renting these specialized machines not only reduces the upfront capital investment but also allows farmers to access cutting-edge technology that can maximize their crop yields. The growing awareness of the importance of timely harvesting in optimizing crop quality and quantity is driving the demand for rental harvesters.

The 2-wheel drive segment is anticipated to generate high revenues during 2023 and 2032 as it has become popular among smaller and medium-sized farmers. These tractors are versatile, cost-effective, and ideal for a wide range of farming tasks, making them a preferred choice for many agricultural operations. The 2-wheel drive equipment is suitable for various terrains and can accommodate numerous attachments, offering flexibility and versatility in farm operations. Renting these equipment has proven to be an economical choice, allowing farmers to tailor their rentals to the specific needs of their operations.

North America farm equipment rental market will reach USD 12.3 billion by 2032 due to the increasing adoption of advanced farming technologies and precision agriculture practices. The United States and Canada are at the forefront of this growth, driven by a strong agricultural sector, a focus on sustainability, and an ever-increasing need for modern machinery. The availability of rental services in the region, offering farmers access to a wide range of equipment that can help them enhance productivity and reduce operational costs, will foster the market growth.

Table of Contents

Chapter 1 Methodology & Scope

• 1.1 Market scope & definition
• 1.2 Base estimates & calculations
• 1.3 Forecast calculation
• 1.4 Data Sources
  • 1.4.1 Primary
  • 1.4.2 Secondary
    • 1.4.2.1 Paid sources
    • 1.4.2.2 Public sources

Chapter 2 Executive Summary

• 2.1 Farm equipment rental market 360 degree synopsis, 2018 - 2032
• 2.2 Business trends
  • 2.2.1 Total Addressable Market (TAM), 2023-2032
• 2.3 Regional trends
• 2.4 Equipment Type trends
• 2.5 Drive trends
• 2.6 Power output trends

Chapter 3 Farm Equipment Rental Market Industry Insights

• 3.1 Impact on COVID-19
• 3.2 Russia- Ukraine war impact
• 3.3 Industry ecosystem analysis
• 3.4 Vendor matrix
• 3.5 Profit margin analysis
• 3.6 Technology innovation landscape
• 3.7 Patent analysis
• 3.8 Key news and initiatives
• 3.9 Regulatory landscape
• 3.10 Impact forces
  • 3.10.1 Growth drivers
    • 3.10.1.1 High cost of new farm equipment
    • 3.10.1.2 Diverse equipment offerings by rental companies
    • 3.10.1.3 Increasing need to reduce the financial burden on farmers across the globe
    • 3.10.1.4 Growing demand for productivity and operational efficiency
  • 3.10.2 Industry pitfalls & challenges
    • 3.10.2.1 Growing government initiatives and subsidies for purchasing new farm equipment
    • 3.10.2.2 Problems related to lack of safety-related regulation in developing countries
• 3.11 Growth potential analysis
• 3.12 Porter's analysis
• 3.13 PESTEL analysis

Chapter 4 Competitive Landscape, 2022

• 4.1 Introduction
• 4.2 Company market share, 2022
• 4.3 Competitive analysis of major market players, 2022
  • 4.3.1 AGCO Corporation
  • 4.3.2 Deere & Company
  • 4.3.3 Titan Machinery Inc.
  • 4.3.4 CNH industrial NV
  • 4.3.5 Flaman Group of Companies
  • 4.3.6 Escorts Limited
  • 4.3.7 The Papé Group Inc.
• 4.4 Competitive positioning matrix, 2022
• 4.5 Strategic outlook matrix, 2022

Chapter 5 Farm Equipment Rental Market Estimates & Forecast, by Equipment Type (Revenue)

• 5.1 Key trends, by equipment type
• 5.2 Tractors
• 5.3 Harvesters
• 5.4 Sprayers
• 5.5 Balers
• 5.6 Others

Chapter 6 Farm Equipment Rental Market Estimates & Forecast, By Deployment Model (Revenue)

• 6.1 Key trends, by drive
• 6.2 4WD
• 6.3 2WD

Chapter 7 Farm Equipment Rental Market Estimates & Forecast, By Power Output (Revenue)

• 7.1 Key trends, by power output
• 7.2 <30 HP
• 7.3 31-70 HP
• 7.4 71-130 HP
• 7.5 131-250 HP
• 7.6 >250HP

Chapter 8 Farm Equipment Rental Market Estimates & Forecast, By Region

• 8.1 Key trends, by region
• 8.2 North America
  • 8.2.1 U.S.
  • 8.2.2 Canada
• 8.3 Europe
  • 8.3.1 UK
  • 8.3.2 Germany
  • 8.3.3 France
  • 8.3.4 Italy
  • 8.3.5 Spain
  • 8.3.6 Russia
  • 8.3.7 Nordics
• 8.4 Asia Pacific
  • 8.4.1 China
  • 8.4.2 India
  • 8.4.3 Japan
  • 8.4.4 South Korea
  • 8.4.5 ANZ
  • 8.4.6 Southeast Asia
• 8.5 Latin America
  • 8.5.1 Brazil
  • 8.5.2 Mexico
  • 8.5.3 Argentina
• 8.6 MEA
  • 8.6.1 South Africa
  • 8.6.2 Saudi Arabia
  • 8.6.3 UAE

Chapter 9 Company Profiles

• 9.1 AGCO Corporation
• 9.2 Cedar Street Sales & Rentals
• 9.3 CNH industrial NV
• 9.4 Deere & Company
• 9.5 Escorts Limited
• 9.6 Flaman Group of Companies
• 9.7 Friesen Sales & Rentals
• 9.8 J.C. Bamford Excavators Limited (JCB)
• 9.9 Mahindra Trringo
• 9.10 Messick Farm Equipment Inc
• 9.11 Pacific Ag Rentals
• 9.12 Pacific Tractor & Implement
• 9.13 The Papé Group Inc.
• 9.14 Titan Machinery Inc.
• 9.15 Tractors and Farm Equipment Limited.