Global Farm Equipment Rental Market Size & Outlook
The farm equipment rental industry worldwide is expected to reach a projected revenue of US$ 80,941.4 million by 2030. A compound annual growth rate of 6% is expected of the worldwide farm equipment rental industry from 2024 to 2030.
Revenue, 2023 (US$M)
$53,745.9
Forecast, 2030 (US$M)
$80,941.4
CAGR, 2024 - 2030
6%
Report Coverage
Worldwide
Global farm equipment rental market, 2018-2030 (US$M)
Global farm equipment rental market highlights
- The global farm equipment rental market generated a revenue of USD 53,745.9 million in 2023 and is expected to reach USD 80,941.4 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 6% by 2030.
- In terms of segment, tractors accounted for a revenue of USD 53,745.9 million in 2023.
- Tractors is the most lucrative equipment type segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
Global data book summary
| Market revenue in 2023 | USD 53,745.9 million |
| Market revenue in 2030 | USD 80,941.4 million |
| Growth rate | 6% (CAGR from 2023 to 2030) |
| Largest segment | Tractors |
| Fastest growing segment | Tractors |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Tractors |
Other key industry trends
- In terms of revenue, the North America accounted for 26.4% of the global farm equipment rental market in 2023.
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Farm Equipment Rental Market Scope
Farm equipment rental market segmentation & scope
Power Output
Less than 40 HP
41 HP to 100 HP
More than 100 HP
Drive
Two-wheel Drive
Four-wheel Drive
Countries
U.S.
Canada
Mexico
UK
Germany
France
China
Japan
India
South Korea
Australia
Brazil
Saudi Arabia
South Africa
UAE
Farm Equipment Rental Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global farm equipment rental market size, by regions, 2018-2030 (US$M)
Related regional statistics
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