Farm Equipment Rental Market Analysis

Type (Tractors, Harvesters, Balers, Sprayers)

Tractors segment is poised to hold farm equipment rental market share of over 39% by the end of 2037. The segment growth is growing because tractors are resistant to damage and consume less time in cultivation. Further, 4-wheel drive tractors are highly demanded due to the large number of farmers.

Additionally, in a country like India where a majority of revenue is generated from farming, the role of tractors in their life is very crucial as not every small landholder can afford advanced machinery. Therefore, the farm equipment companies in India are supporting the needs of farmers by offering low-cost and high-quality tractors. On average, USD 0.3 million to USD 3 million one has to spend for a tractor which is the most common and widely used farm equipment in India. The price may differ as per the brands.

Drive (4Wheel Drive,2 Wheel Drive)

4-wheel drive segment in the farm equipment rental market is likely to observe growth of more than 6% through 2037. Since the 4-wheel drive helps in large-scale commercial farming and can work in different field conditions. Moreover, 4-wheel drive equipment provides stability and grip such as Mahindra Tractor which performs efficiently for all your agricultural activities. Another important factor contributing to the growth of the market is the growing need for highly advanced machinery that can help in precise farming and adapt to various farming methods.

Power Output (<30 HP, 31-70 HP, 71-130 HP, 131-250 HP, >250 HP)

In farm equipment rental market, 71-130 HP segment is anticipated to hold revenue share of over 44% by the end of 2037. These consist of 4 WD and 2 WD tractor models. Such as the 6R 130 utility tractor by Deere & Company. The 71-130 HP segment is growing due to the high consumption rates, demand for power, large land and food production necessities at a higher rate.

Our in-depth analysis of the global market includes the following segments: