Farm Equipment Rental Market Size

Farm Equipment Rental Market size was over USD 56.49 billion in 2024 and is anticipated to cross USD 128.09 billion by 2037, witnessing more than 6.5% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of farm equipment rental is estimated at USD 59.43 billion..The growth driver for the market is the rise in the number of suppliers/ rental services, and initiatives by the government to support farmers.

Mukhyamantri Harit Krishi Sanyantra Yojana initiated by the State of Bihar aims to help farmers in increasing agriculture yields, providing rental equipment and financial support. Moreover, any single farmer or group of farmers from Bihar can apply for this yojana, particularly those who have owned land. Further, a 50% subsidy will be provided for renting machinery.