Farm Equipment Rental Market 2025: Stable Growth Amid Global Trends and Drivers

Farm Equipment Rental

What Are The Predictions For The Global Farm Equipment Rental Market Size And Growth Rates?
The farm equipment rental market size has shown robust growth in recent years. It is expected to expand from $58.08 billion in 2024 to $61.75 billion in 2025, growing at a compound annual growth rate (CAGR) of 6.3%. The growth in the historical period can be traced back to numerous factors such as cost savings for farmers, seasonal demand, accessibility and flexibility, variability in land size, depreciation cost avoidance, and diverse crop types.

The farm equipment rental market size is projected to witness strong growth in the next few years, reaching $83.54 billion in 2029 at a CAGR of 7.8%. The growth in the forecast period can be attributed to environmental sustainability, government support and subsidies, skilled labor shortage, rental platform market entry, increased land fragmentation, and global trade dynamics. Future trends include collaborations with agricultural technology, smart farming technologies, flexible rental models, collaboration platforms for equipment sharing, and integration of IoT in equipment.

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Which Factors Are Propelling The Farm Equipment Rental Market Growth?
A shortage of skilled labor is anticipated to boost the growth of the farm equipment rental market in the coming years. The labor shortage dilemma implies a scarcity of qualified individuals for a particular occupation. The increasing labor shortage has heightened the demand for farm equipment rentals, which is extremely beneficial for agriculture. For instance, the United States Census Bureau reported in 2023 that the manufacturing industry would need to fill 4 million jobs by 2030, with 2.1 million potentially going unfilled due to a shortage of skilled labor. Hence, the shortage of skilled labor is contributing significantly to the growth of the farm equipment rental market.

What Are The Primary Segments Of The Global Farm Equipment Rental Market?

1) By Equipment Type: Tractors, Harvesters, Sprayers, Balers, Other Equipment Types
2) By Power Output: <30 HP, 31-70 HP, 71-130 HP, 131-250 HP, <250 HP
3) By Drive: Two-Wheel Drive, Four-Wheel Drive

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Which Major Players Are Influencing The Farm Equipment Rental Market?
Major companies operating in the farm equipment rental market include Deere And Company, AGCO Corporation, Escorts Kubota Limited, Tractors and Farm Equipment Limited, CNH Industrial NV, Kubota Corporation, Mahindra And Mahindra Limited, J.C. Bamford Excavators Limited, Messick Farm Equipment Inc., Pacific Tractor & Implement LLC, Premier Equipment Rentals Inc., JFarm Services (TAFE), Flaman Group of Companies, Friesen Sales And Rentals Ltd., The Pape Group, Cedar Street Sales & Rentals, Farmease, Herc Rentals Inc., Sunbelt Rentals Inc., United Rentals Inc., Nesco LLC, Farm-Rite Equipment Inc., BlueLine Rental Company, Hendershot Equipment Company, Hoober Inc., James River Equipment, Lano Equipment Inc., Martin Implement Sales Inc., Monroe Tractor & Implement Co., P&K Equipment, Redline Equipment, RDO Equipment Co.

What New Trends Are Emerging In The Farm Equipment Rental Market?
Technological advancements are becoming a popular trend in the farm equipment rental market. For instance, Carnot Technologies, an India-based agro-tech company backed by Mahindra & Qualcomm, launched the Krish-e Smart Kit in March 2023. This IoT device for farm equipment provides owners with data on their tractors and other agricultural machinery via a smartphone and GPS-enabled time tracking. The program offers on-demand access to a fleet of high-tech agricultural vehicles along with tracking and monitoring, making it a convenient, cost-effective, and sustainable method to connect with and monitor farm equipment.

Which Region Is Expected To Grow Rapidly In The Farm Equipment Rental Market?
Asia-Pacific was the largest region in the farm equipment rental market in 2024 and is expected to be the fastest-growing region in the global farm equipment rental market during the forecast period. The regions covered in the farm equipment rental market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Do The 2025 Farm Equipment Rental Market Report Have To Offer?
Farm equipment rental refers to the service of providing agricultural equipment on a temporary basis through a renting or leasing process. The rental agreement is subject to terms and restrictions and is finalized prior to the contract by all involved parties. Farm equipment rentals are utilized for a variety of agricultural activities including cultivating, harvesting, and transporting crops. The Farm Equipment Rental Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.

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