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The report "Farm Equipment Rental Market by Equipment Type (Tractors, Harvesters, Sprayers, Balers & Other Equipment Types), Power Output (<30HP, 31-70HP, 71-130HP, 131-250HP, >250HP), Drive (Two-wheel Drive and Four-wheel Drive) - Global Forecast to 2030",  The farm equipment rental market is expected to grow at a CAGR of 7.2% during the forecast period. Farm equipment rental is defined as a service industry that offers comprehensive farm equipment to end users on a rental basis. The rental agreement is clearly stated and signed before the contract by all parties under certain terms and conditions. The rising initiatives by the government to uplift farm equipment rental, a surge in food demand globally, the rising need to minimize the financial burden on farmers, lack of skilled labor, and increased adoption of advanced technologies like big data, AI, etc. will drive market growth for the farm equipment rental industry. Moreover, mounting mechanization in emerging economies, innovation in the field of autonomous tractors, and significant growth in the agricultural sector are some of the other factors that will bolster market advancement. Farm equipment rental helps reduce overhead costs by foregoing upfront investments, lowers unnecessary maintenance costs, provides access to advanced agricultural machines, and promotes better crop harvesting, which will further propel the market development of the global farm equipment rental industry. Nevertheless, the increased adoption of modern agricultural equipment with innovative features, growing startups that provide farm equipment on rent, and an increasing number of equipment manufacturers globally are some promising growth opportunities in the global farm equipment rental industry.

In September 2022, the world's largest equipment rental company, United Rentals, Inc., announced a new agreement with JCB to buy the industry's first high-volume, fully electric dumpsters for its rental fleet. United Rentals will be the first equipment rental company in North America to offer JCB's HTD-5E E-Dumpsters to customers looking to create low-emission work sites.

Browse 53 market data Tables and 35 Figures spread through 210 Pages and in-depth TOC on "Farm Equipment Rental Market by Equipment Type (Tractors, Harvesters, Sprayers, Balers & Other Equipment Types), Power Output (<30HP, 31-70HP, 71-130HP, 131-250HP, >250HP), Drive (Two-wheel Drive and Four-wheel Drive), and Region - Global Forecast to 2030

By Drive, the Four-Wheel Drive segment will witness the largest market growth during the forecast period.

Based on Drive, the global farm equipment rental market is bifurcated into two-wheel drive and four-wheel drive.  Four-wheel drive is expected to contribute the largest share in the global farm equipment rental industry owing to increased adoption in large-scale commercial farming practices. Moreover, it has high hauling capacity, shows high wheel-slip and wheel power capacities, and is highly resistant to wear and tear, thereby driving the market expansion of the segment.

Global Farm Equipment Rental Market Segmentation Analysis

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“Asia-Pacific is expected to witness the largest growth in the global Farm Equipment Rental Market.”

Asia-Pacific contributes the largest share in the farm equipment rental market owing to rising demand for tractors and several farming tools like harvesters, sprayers, threshers, etc. for rental purposes. Also, factors such as the dominance of small-scale manufacturers and the region's growing emphasis on rice cultivation are significantly contributing to market revenue growth.

Some of the major players in the global Farm Equipment Rental industry include John Deere, CNH Industrial, Kubota Corporation, AGCO Corporation, Mahindra & Mahindra, JCB, Escorts Ltd, and Tractors and farm equipment ltd.

Scope of the Report

Global Farm Equipment Rental Market Coverage

Equipment type Insight and Forecast 2018-2030

• Tractors
• Harvesters                                            
• Balers 
• Sprayers                                              
• Other Equipment Types

Power Output Insight and Forecast 2018-2030

• <30 HP
• 31-70 HP
• 71-130 HP
• 131-250 HP
• >250 HP

Drive Insight and Forecast 2018-2030

• Two-wheel drive
• Four-wheel drive

Geographical Segmentation

Farm Equipment Rental Market by Region

North America

• By Equipment Type
• By Power Output
• By Drive
• By Country – U.S., Canada, and Mexico

Europe

• By Equipment Type
• By Power Output
• By Drive
• By Country – Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe

Asia-Pacific (APAC)

• By Equipment Type
• By Power Output
• By Drive
• By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific

Rest of the World (RoW)

• By Equipment Type
• By Power Output
• By Drive
• By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries