Farm Equipment Rental Market Study

Farm Equipment Rental Market Study

Farm Equipment Rental Market- By Equipment (Tractor, Harvester, Implements, and Others) & Global Region- Market Size, Trends, Opportunity, Forecast 2018-2024

Farm Equipment Rental Market Research Study

The analysis of this study offers extensive and highly detailed current as well as future market trends in the global and regional/markets. The study of Farm Equipment Rental Market involves market size, Y-o-Y growth analysis and a detailed structure of the overall industry. The market analysis is based upon a unique combination of industry research, market sizing analysis, and our in-house expertise. The report also highlights the competitive landscape of Farm Equipment Rental Market, including market share & positioning of all the prominent key players in the industry.

Farm equipment rental business has witnessed great attention throughout the globe, especially in low economy countries. These farming equipment rental companies are offering a range of tractor and other farming equipment, which may not be able to afford ownership of tractors or implements by many small and marginal farmers. The global farm equipment rental market reached a market valuation of USD XX.X Billion in 2018 and is estimated to grow at a CAGR of XX.X% during the forecast period, i.e., 2019-2024.

Market Insights

Growth Drivers – Farm Equipment Rental Market

Government Support & Initiatives

The government has always played a major role in the growth of the agriculture industry. The government always promotes and implies different rules and regulations to bring benefits to the country’s agriculture industry. Governments across many countries are trying to provide farming equipment to the farmers at a reasonable price as purchasing every farming equipment is not possible for any small and marginal farmers. Previously, the farming rental market was highly un-organized, but with recent efforts made by government authorities as well as private companies with respect to farming equipment rental services, the farm equipment rental is business is expected to grow at surprising pace in the coming years. For instance, India’s agriculture ministry has developed a farm equipment rental app for Indian farmers, which lets them hire tractors, rotavator and other farm-related machinery on rent for with flexible tenures.

Growing Number of Start-ups

The rise in startups offering farm equipment on rent is one of the major growth drivers being witnessed in the global farm equipment rental market. Rental business across many industries such as automotive, consumer electronics and more is thriving at a good pace. There are many companies that are strongly active in the farm equipment rental business and many new players are entering the said business. As the number of rental service providers is increasing, their marketing and promotion activities will increase the awareness among farmers, which in turn will bolster the growth of the global farm equipment market in the future. Apart from this, there is also a major need to reduce the financial burden on farmers, hence such services will continue to limit the financial burdens on farmers and will encourage the growth of the agriculture sector in the future.

farm equipment rental market

Barriers – Farm Equipment Rental Market

There are many barriers to the growth of the global farm equipment rental market such as weak internet penetration in rural areas, low awareness among farmers, market is not completely organized, challenges with cash collection and others.

Segmentation Analysis

The farm equipment rental market is segmented by equipment type. The market is segmented by equipment type into tractor, harvester, implements, and others. Among this segment, the tractor rental segment is expected to capture significant shares of the market in 2018. Tractors are one of the multipurpose farming equipment in the agriculture sector, thus the tractor segment acquired the lion shares in the market in 2018. The global tractor rental segment was totaled at USD XXX.X billion in 2018 and is projected to reach USD XXX.X billion in 2024 at a CAGR of XX.X% from 2019 to 2024. Tractors, when attached with a different type of implements, can perform many kinds of farming operations. The high cost of tractors is a major reason which is why farmers are increasingly renting tractors to run their farming operations smoothly.

Geographical Analysis

Regionally, the report offers an analysis of North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific is poised to become the fastest-growing market for the farm equipment rental market in the coming years. Government supports and strengthening of organized farm equipment rental market are two major reasons which are likely to drive the growth of the global farm equipment rental market in the Asia Pacific region in the coming years. A growing number of farm equipment renting service providers in Asia Pacific regions especially in China and Indian is another key factor poised to bolster the growth of the Asia Pacific farm equipment rental market over the forecasted period.

Competitive Analysis

The report also covers detailed competitive analysis of major market players of the global Farm Equipment Rental market, such Hello Tractor Inc., Pacific Ag Rentals, KWIPPED, Inc., Farmease, JFarm Services (TAFE), Trringo, Gold Farm, Bingham Equipment Company, Flaman Group of Companies, Messick's, Pacific Tractor & Implements, The Papé Group, Inc. , Premier Equipment Rentals and other major & notable players. Competitive landscape analysis provides detailed strategic analysis of the company’s business and performance such as financial information, revenue breakup by business segment and by geography, SWOT Analysis, key facts, company overview, business strategy, key product offerings, marketing and distribution strategies, new product development, recent news (acquisition, expansion, technology development, research & development and other market activities).

Segmentation

By Equipment
- Tractor
- Harvester
- Implements
- Others

By Geography
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
- Latin America (Brazil, Mexico, Argentina and Rest of Latin America)
- Middle East & Africa (GCC, North Africa, South Africa and Rest of the Middle East & Africa)

Competitive Landscape
The report profiles various major market players such as
• Hello Tractor Inc.
• Pacific Ag Rentals
• KWIPPED, Inc.
• Farmease
• JFarm Services (TAFE)
• Trringo
• Gold Farm
• Bingham Equipment Company
• Flaman Group of Companie
• Messick's
• Pacific Tractor & Implemen
• The Papé Group, Inc.
• Premier Equipment Rentals
• Other Notable Players

The study also provides a company’s positioning and market share in the farm equipment rental market.

Timeline Considered for Analysis:
- 2018: Base Year
- 2019: Estimated Year
- 2019 to 2024: Forecast Period

Research Scope and Deliverables
Overview & Executive Summary
Market Drivers, Trends, Challenges and Opportunities
Market Size and Forecast Projections
Macroeconomic Indicators of Various Countries Impacting the Growth of the Market
Extensive Coverage of Industry Players including Recent Product Launches and Market Activities
Porter’s Five Force Analysis

Market Segmentation Analysis:
Industry report analyzes the global farm equipment rental market by the following segments:
- Equipment

Key Questions Answered in the Global Farm Equipment Rental Industry Report
• What is the overall market size in 2018? What will be the market growth during the forecast period i.e. 2019-2024?
• Which region would have a high demand for a product in the upcoming years?
• What are the factors driving the growth of the market?
• Which sub-market will make the most significant contribution to the market?
• What are the market opportunities for existing and entry-level players?
• What are the various long-term and short-term strategies adopted by the market players?

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Research Methodology
Market Definition and List of Abbreviations
1. Executive Summary
2. Growth Drivers & Issues in Global Farm Equipment Rental Market
2.1. North America
2.2. Europe
2.3. Asia Pacific
2.4. Europe
2.5. Middle East & Africa

3. Global Farm Equipment Rental Market Trends
4. Opportunities in Global Farm Equipment Rental Market
5. Recent Industry Activities, 2018
6. Porter's Five Forces Analysis
7. Macro-Economic Trends

8. PEST Analysis
9. Market Value Chain and Supply Chain Analysis

10. Global Farm Equipment Rental Market Value (USD Million), 2018-2024

11. Global Farm Equipment Rental Market Segmentation Analysis, By Equipment
11.1. Introduction
11.2. Market Attractiveness, Product
11.3. BPS Analysis, Product
11.4. Tractor Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
11.5. Harvester Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
11.6. Implements Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
11.7. Others Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024

12. Geographical Analysis
12.1. Introduction
12.2. North America Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
12.2.1. By Equipment
12.2.1.1. Introduction
12.2.1.2. Market Attractiveness, Product
12.2.1.3. BPS Analysis, Product
12.2.1.4. Tractor Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
12.2.1.5. Harvester Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
12.2.1.6. Implements Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
12.2.1.7. Others Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
12.2.2. By Country
12.2.2.1. Market Attractiveness, By Country
12.2.2.2. BPS Analysis, By Country
12.2.2.3. U.S. Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
12.2.2.4. Canada Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024

12.3. Europe Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
12.3.1. By Equipment
12.3.1.1. Introduction
12.3.1.2. Market Attractiveness, Product
12.3.1.3. BPS Analysis, Product
12.3.1.4. Tractor Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
12.3.1.5. Harvester Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
12.3.1.6. Implements Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
12.3.1.7. Others Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
12.3.2. By Country
12.3.2.1. Market Attractiveness, By Country
12.3.2.2. BPS Analysis, By Country
12.3.2.3. Germany Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
12.3.2.4. United Kingdom Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
12.3.2.5. France Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
12.3.2.6. Italy Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
12.3.2.7. Spain Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
12.3.2.8. Russia Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
12.3.2.9. Rest of Europe Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024

12.4. Asia Pacific Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
12.4.1. By Equipment
12.4.1.1. Introduction
12.4.1.2. Market Attractiveness, Product
12.4.1.3. BPS Analysis, Product
12.4.1.4. Tractor Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
12.4.1.5. Harvester Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
12.4.1.6. Implements Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
12.4.1.7. Others Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
12.4.2. By Country
12.4.2.1. Market Attractiveness, By Country
12.4.2.2. BPS Analysis, By Country
12.4.2.3. China Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
12.4.2.4. India Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
12.4.2.5. Japan Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
12.4.2.6. South Korea Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
12.4.2.7. Indonesia Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
12.4.2.8. Taiwan Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
12.4.2.9. Australia Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
12.4.2.10. New Zealand Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
12.4.2.11. Rest of Asia Pacific Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024

12.5. Latin America Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
12.5.1. By Equipment
12.5.1.1. Introduction
12.5.1.2. Market Attractiveness, Product
12.5.1.3. BPS Analysis, Product
12.5.1.4. Tractor Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
12.5.1.5. Harvester Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
12.5.1.6. Implements Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
12.5.1.7. Others Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
12.5.2. By Country
12.5.2.1. Market Attractiveness, By Country
12.5.2.2. BPS Analysis, By Country
12.5.2.3. Brazil Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
12.5.2.4. Mexico Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
12.5.2.5. Rest of Latin America Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024

12.6. Middle East & Africa Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
12.6.1. By Equipment
12.6.1.1. Introduction
12.6.1.2. Market Attractiveness, Product
12.6.1.3. BPS Analysis, Product
12.6.1.4. Tractor Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
12.6.1.5. Harvester Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
12.6.1.6. Implements Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
12.6.1.7. Others Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
12.6.2. By Geography
12.6.2.1. Market Attractiveness, By Geography
12.6.2.2. BPS Analysis, By Geography
12.6.2.3. GCC Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
12.6.2.4. North Africa Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
12.6.2.5. South Africa Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024
12.6.2.6. Rest of Middle East & Africa Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), Market Share (%) 2018-2024

13. Competitive Landscape
13.1. Market Share of Key Players
13.2. Market Positioning of Major Players in Global Farm Equipment Rental Market
13.3. Company Profiles
13.3.1. Hello Tractor Inc.
13.3.1.1. Company Overview
13.3.1.2. Product Offered
13.3.1.3. Business Strategy
13.3.1.4. Financials
13.3.1.5. SWOT Analysis
13.3.1.6. Market Share Analysis
13.3.1.7. Key Achievements & Developments
13.3.2. Pacific Ag Rentals
13.3.3. KWIPPED, Inc.
13.3.4. Farmease
13.3.5. JFarm Services (TAFE)
13.3.6. Trringo
13.3.7. Gold Farm
13.3.8. Bingham Equipment Company
13.3.9. Flaman Group of Companie
13.3.10. Messick's
13.3.11. Pacific Tractor & Implemen
13.3.12. The Papé Group, Inc.
13.3.13. Premier Equipment Rentals
13.3.14. Other Major & Niche Players

14. Disclaimer

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