The global farm equipment rental market size is expected to reach USD 82.2 Billion by 2028, at a CAGR of 7.4%, according to the latest report by Reports and Data. Market revenue growth is being steadily driven by rapid shift to mechanization of farming and agriculture techniques and adoption of farming machinery, equipment, and services for agricultural operations, especially in developing economies. Farm equipment is not used regularly in every agricultural operation, is used seasonally, and remain idle for most of the time after seeds are deployed. Farmers are increasingly realizing the importance of rental equipment and the savings associated with these services as opposed to the investments required to purchase self-owned equipment. In addition, saving on maintenance costs and other related costs that come with owning farming equipment and vehicles are some other key factors supporting market growth.
In addition, rapid technological advancements in enhancing engine efficiency of vehicles and equipment used in agriculture and increasing tractor horsepower capacity are factors also influencing market growth.
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Over the past years, a significant rise in the number of startups offering different farm equipment rental services has been observed. The rental services of farm equipment offer cost-saving advantages to end-users. Moreover, they also help to transform agriculture through mechanization. These factors are further supporting market growth.
Some key findings from the report
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For the purpose of this report, Reports and Data has segmented the global farm equipment rental market on the basis of equipment type, power output, drive, and region:
Equipment Type Outlook (Revenue, USD Billion, 2018 – 2028)
Power Output Outlook (Revenue, USD Billion, 2018 – 2028)
Drive Outlook (Revenue, USD Billion, 2018 – 2028)
Regional Outlook (Revenue, USD Billion, 2018 – 2028)
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Table Of Content:
Chapter 1 Introduction 1.1 Objectives Of The Study 1.2 Market Definition 1.3 Study Scope 1.4 Periodization Considered 1.5 Currency Considered 1.6 Stakeholders
Chapter 2 Research Methodology 2.1 Research Data 2.1.1 Secondary Data 2.1.1.1 Key Data From Secondary Sources 2.1.2 Primary Data 2.1.2.1 Key Data From Primary Sources 2.1.2.2 Breakdown Of Primaries 2.2 Market Size Estimation 2.2.1 Bottom-Up Approach 2.2.2 Top-Down Approach 2.3 Market Breakdown & Data Triangulation 2.4 Research Assumptions & Limitations 2.4.1 Assumptions 2.4.2 Limitations Of The Study
Chapter 3 Executive Summaries
Chapter 4 Premium Insights 4.1 Opportunities In The Global Market 4.2 Market, By Drive 4.3 Asia Pacific: Market For Farm Equipment Rental, By Key Country And Equipment Type 4.4 Market, By Equipment Type And Region 4.5 Market: Major Regional Submarkets
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Chapter 11 Competitive Landscape 11.1 Overview 11.2 Competitive Leadership Mapping 11.2.1 Visionary Leaders 11.2.2 Dynamic Differentiators 11.2.3 Innovators 11.2.4 Emerging Companies 11.3 Market Share Analysis, 2019 11.4 Competitive Scenario 11.4.1 Acquisitions 11.4.2 Expansions & Investments 11.4.3 New Product Launches 11.4.4 Agreements & Collaborations
Chapter 12 Company Profiles 12.1 John Deere 12.2 Cnh Industrial 12.3 Kubota Corporation 12.4 Agco Corporation 12.5 Mahindra & Mahindra 12.6 Jcb 12.7 Escorts Ltd. 12.8 Tractors & Farm Equipments Ltd. 12.9 Pape Group Inc. 12.10 Premier Equipment Rentals 12.11 Flaman Group Of Companies Ltd. 12.12 Pacific Ag Rentals Llc 12.13 Pacific Tractor & Implement Ltd 12.14 Farmease 12.15 Kwipped, Inc 12.16 Cedar Streets Sales & Rentals Inc. 12.17 Em3 Agri-Services Ltd. 12.18 German Bliss Equipment Inc. 12.19 Friesen Sales & Rentals
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