Farm Tractor Rentals Market Size, Share, Opportunities, And Trends By Engine Power (Below 40 HP, 40 H.P.–120 HP, 121 HP–180 HP, 181 HP–250 HP, More than 250 HP), By Application (Harvesting, Seed Sowing, Irrigation, others), By Operations (Manual Tractor Vehicle, Autonomous Tractor Vehicle), And By Geography - Forecasts From 2025 To 2030

Description

Farm Tractor Rentals Market Size:

The farm tractor rentals market is estimated to grow at a CAGR of 4.65% during the forecast period (2025-2030).

The farm tractor rentals market is anticipated to rise at a steady pace during the projected period. The demand for farm equipment rental services is growing as a result of the high cost of new farm equipment purchases and related maintenance services. Through the use of rental services, farmers can benefit by avoiding the expense of maintaining farm equipment. Farmers who rent farm equipment may harvest their crops on schedule without having to put a significant amount of money down on expensive agricultural machinery.

Farm Tractor Rentals Market Drivers:

• Growth drivers for the farm tractor rentals market

Demand in the tractor rentals market is anticipated to be driven by growing agricultural mechanisation and the desire to lessen the financial burden on farmers throughout the world as a result of increased cereal import and export. Other important aspects that will probably accelerate the expansion of the farm tractor rental industry include the rising trend towards tractors with cutting-edge features and the rise in startups providing farm tractors t for rent. In addition, several small- and medium-scale farmers are anticipated to be drawn in by the rising knowledge of the advantages of farm mechanisation and the cheap maintenance costs of the rental fleet.

• Rising developments in tractor rental service

Throughout the projected period, the tractor rental market share is going to be high. Growing demand from established markets like Europe and North America for high horsepower tractors, particularly those with more than 40 horsepower (HP), such as utility tractors and row crop tractors, tends to present new opportunities for market participants. Key firms who provide tractor rental services are anticipated to further advances in the tractor rental industry in addition to these.

• Increasing online rental services to drive the market

Farmers in the middle class who cannot afford or maintain a tractor now have the best option available to them since they may hire a wide range of tractors based on location, kind, feature, and duration.. Owners of tractors may make money from them, giving them a second source of income. Renters, meanwhile, have access to tractors whenever they need them, allowing them to make use of the newest technology at competitive pricing.  This is the key driver for the farm tractor rentals market.

• Utilization in the food sector is regarded as a growth driver

Fruit and vegetable consumption has increased dramatically worldwide in recent years. The rising number of vegetarians and vegans is to blame. There is a high demand for fruits and vegetables in countries like India where the majority of the population follows a vegetarian diet. The millennial generation in these nations favours a vegetarian or vegan diet due to moral concerns about animal cruelty. The need for agricultural leasing equipment will increase as a result of the substantial increase in worldwide demand for fruits and vegetables. In addition, there is a rising demand for these farm equipment rentals from developed nations due to factors including rising consumption rates, the need for more food production, higher electricity demands on farms, and the extent of agricultural holdings to propel the farm tractor rentals market.

• Growing prevalence of smart farming

Demand for tractors is rising as a result of precision farming and the growing use of agricultural mechanisation to boost productivity. The tractor rental market is also being driven by the rising number of farm training courses that encourage the widespread usage of agricultural equipment. In addition, the demand for tractors in the construction sector is rising as a result of the expansion of building and construction projects. Furthermore, telematics and GPS-equipped modern tractors have been developed as a result of numerous technical advances.

Farm Tractor Rentals Market Geographical Outlook:

• Asia Pacific is anticipated to dominate the farm tractor rental market

Offering the greatest technology and easing farmers' financial burdens is one of the main drivers of the expansion of the Asia-Pacific tractor rental industry. Without having to spend a significant amount of money on tractors, renting a tractor enables farmers to cultivate their crops on schedule and gives them an easy option to improve their operations.

• Government initiatives and product innovations in the Asia Pacific region

In January 2022, the Tamil Nadu government unveiled a variety of programmes including an e-Wadgai for farmers and a smartphone app for renting farm machinery. They may utilise the app to get additional information about renting devices and the terms of service. The new programme would subsidise 2,118 different types of agricultural gear for a total of Rs 50.73 crore.

Additionally, an app-based system for renting out farm machinery, like harvesters and tractors, to small and marginal farmers in about 3,000 main agricultural credit societies will be introduced by the Bihar Cooperative Department in June 2022. Farmers who don't have their agricultural equipment for tillage or other cultivation needs might reserve it using the app, and depending on availability, the machines would be brought to their door. The rental would be on an hourly basis, sources claim.

Key manufacturers are focusing on product innovation

The tractor rentals market is fairly fragmented, includes several active competitors, and is also seeing the birth of several new entrepreneurs. John Deere, Farmease, Trringo, and JFarm Services are a few of the market's top competitors. The businesses are growing their market share by purchasing rival businesses, buying more tractors, and entering untapped markets.

As top corporations concentrate on retaining their leadership position and new competitors attempt to establish a market presence, consumer expectations will continue to change, which will be matched by the introduction of new products with new features or lower price points.  

Farm Tractor Rental Market Segmentation:

• By Drive Type
  • Two-Wheel Drive
  • Four-Wheel Drive
• By Fuel Type
  • Conventional Fuel
  • Electric
• By Power Output
  • Up to 40 HP
  • 40 to 80 HP
  • Greater than 80 HP
• By Contract Duration
  • Short-Term Duration
  • Long-Term Duration
• By Application
  • Harvesting
  • Seed Sowing
  • Irrigation
  • Others
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Spain
    • Italy
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Israel
    • Others
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Indonesia
    • Thailand
    • Others

Table Of Contents

1. EXECUTIVE SUMMARY 

2. MARKET SNAPSHOT

2.1. Market Overview

2.2. Market Definition

2.3. Scope of the Study

2.4. Market Segmentation

3. BUSINESS LANDSCAPE 

3.1. Market Drivers

3.2. Market Restraints

3.3. Market Opportunities 

3.4. Porter’s Five Forces Analysis

3.5. Industry Value Chain Analysis

3.6. Policies and Regulations 

3.7. Strategic Recommendations 

4. TECHNOLOGICAL OUTLOOK

5. FARM TRACTOR RENTAL MARKET BY DRIVE TYPE

5.1. Introduction

5.2. Two-Wheel Drive

5.3. Four-Wheel Drive

6. FARM TRACTOR RENTAL MARKET BY FUEL TYPE

6.1. Introduction

6.2. Conventional Fuel

6.3. Electric

7. FARM TRACTOR RENTAL MARKET BY POWER OUTPUT

7.1. Introduction

7.2. Up to 40 HP

7.3. 40 to 80 HP

7.4. Greater than 80 HP

8. FARM TRACTOR RENTAL MARKET BY CONTRACT DURATION

8.1. Introduction

8.2. Short-Term Duration

8.3. Long-Term Duration

9. FARM TRACTOR RENTAL MARKET BY APPLICATION

9.1. Introduction

9.2. Harvesting

9.3. Seed Sowing

9.4. Irrifation

9.5. Others

10. FARM TRACTOR RENTAL MARKET BY GEOGRAPHY

10.1. Introduction

10.2. North America

10.2.1. USA

10.2.2. Canada

10.2.3. Mexico

10.3. South America

10.3.1. Brazil

10.3.2. Argentina

10.3.3. Others

10.4. Europe

10.4.1. Germany

10.4.2. France

10.4.3. United Kingdom

10.4.4. Spain

10.4.5. Italy

10.4.6. Others

10.5. Middle East and Africa

10.5.1. Saudi Arabia

10.5.2. UAE

10.5.3. Israel

10.5.4. Others

10.6. Asia Pacific

10.6.1. China

10.6.2. India

10.6.3. Japan

10.6.4. South Korea

10.6.5. Indonesia

10.6.6. Thailand

10.6.7. Others

11. COMPETITIVE ENVIRONMENT AND ANALYSIS

11.1. Major Players and Strategy Analysis

11.2. Market Share Analysis

11.3. Mergers, Acquisitions, Agreements, and Collaborations

11.4. Competitive Dashboard

12. COMPANY PROFILES

12.1. CLAAS KGaA GmbH

12.2. Quinn Company

12.3. Tractors and Farm Equipment Limited

12.4. Titan Machinery Inc.

12.5. Papé Group, Inc.

12.6. Flaman Group of Companies

12.7. Pacific Ag Rentals LLC

12.8. Messicks

12.9. United Rentals

12.10. MacAllister Rentals

13. APPENDIX

13.1. Currency 

13.2. Assumptions

13.3. Base and Forecast Years Timeline

13.4. Key benefits for the stakeholders

13.5. Research Methodology 

13.6. Abbreviations 

LIST OF FIGURES

LIST OF TABLES

Companies Profiled

CLAAS KGaA GmbH

Quinn Company

Tractors and Farm Equipment Limited

Titan Machinery Inc.

Papé Group, Inc.

Flaman Group of Companies

Pacific Ag Rentals LLC

Messicks

United Rentals

MacAllister Rentals

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