Allied Market Research
Loading...
0
Upcoming Allied Market Research
2021
Farm Equipment Rental Market

Farm Equipment Rental Market: Global opportunity analysis and industry forecast, 2020-2027

A09994
Pages: NA
Dec 2021 | 681 Views
   
Author(s) : NA
Tables: NA
Charts: NA
  • Formats*:

  • SIngle User License, Five User
    License & Enterprise User License

  • Data Pack Excel License

  • IComes with the additional cost
    of $2500.00 contact sales.

 

COVID-19

Pandemic disrupted the entire world and affected many industries.

Get detailed COVID-19 impact analysis on the Farm Equipment Rental Market

Request Now !

Farm Equipment Rental Market: Global opportunity analysis and industry forecast, 2020-2027

The farm equipment refers to the machinery that are used for farming or agriculture purpose. The farm equipment are of various types such as tractor, harvesting equipment, mower conditioners, tillage equipment and other farm implements. The high investment in the new farm equipment with an expensive maintenance services increase the demand for the farm equipment rental services. Farmers are hiring the rental services in-order to gain some profit by excluding the maintenance costs of the farm equipment's. The rental of farm equipment's helps the farmers to harvest the crops on time by avoiding large sum of money as a down payment on heavy farm equipment's. Moreover, the purchasing of large farm equipment is a financial burden for farmers if the farming business is not profitable.

Market scope and structure

Report Metric

Details

  Market size available for years

  2019–2027

  Base year considered

  2019

  Forecast period

  2020–2027

  Forecast units

  Value (USD)

  Segments covered

  Product, type, Drive type and Region

  Companies covered

Major players analyzed include H&E Equipment Services, Inc., Cramo, Ramirent Plc., Maxim Crane Works, L.P., Kiloutou, Sarens NV, Taiyokenki Rental Co., Ltd., Boels Rentals, Speedy Hire Plc., United Rentals Inc., Ashtead Group Plc., Loxam, Herc Holdings Inc., Aktio Corporation, Nishio Rent All Co. Ltd., and Kanamoto Co. Ltd.

 

Region covered

North America

Europe

Asia-Pacific

LAMEA

U.S., Canada, and Mexico

Germany, France, UK, Italy and the Rest of Europe

China, Japan, India, South Korea and the Rest of Asia-Pacific

Latin America, Middle East, and Africa

 

COVID-19 scenario analysis:

  • The demand for the farm equipment rentals is expected to decrease in the year 2020 due to lockdown imposed by the government and low demand from farmers.
  • COVID-19 pandemic has shut-down the production of various products in the farm equipment, mainly owing to the prolonged lockdown in major global countries. This has hampered the growth of the farm equipment rentals market significantly form last few months, as is likely to continue during 2020.
  • COVID-19 has already affected the sales of equipment and machinery in the first quarter of 2020 and is likely to cause a negative impact on the market growth throughout the year. 
  • The major demand for equipment and machinery was previously noticed form giant manufacturing countries including the U.S., Germany, Italy, the UK, and China, which is badly affected by the spread of coronavirus, thereby halting the demand for equipment and machinery.
  • Further, potential impact of the lockdown is currently vague and financial recovery of companies is totally based on its cash reserves. Equipment and machinery companies can afford a full lockdown only for a few months, after which the players would have to modify their investment plans.
  • Equipment and machinery manufacturers must focus on protecting their workforce, operations, and supply chains to respond toward immediate crises and find new ways of working after COVID-19 infection cases start to decrease.

Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

The increasing shift from purchasing of new equipment’s to the equipment rental services by the farmers has driven the market of farm equipment rental services. The tractors hold a largest market share in the product segment of farm rental equipment market. The increase in demand for the high horse power (HP) tractors for farming in large cultivation land is expected to boost the market of farm equipment rental. Further, the growing demand for the 2 wheel tractors which are used for farming in dry soil conditions act as a growth driver for the farm equipment rental market. The farm equipment's rental provide cost saving benefits to the farmers by eliminating the maintenance cost and fuel cost of new farm equipment's. The increase in demand for the farm implements for farming is increasing the market of farm equipment rental market. The farm implements are very rare equipment's that are used in farming in specific season thus encouraging the rental companies to provide these equipment's to the farmers on rent. Asia-Pacific is a developing region and is expected to dominate the farm equipment rental market. The government initiatives for reducing the financial burden on the farmers in Asia-Pacific region countries like India and China act as a major growth driver for farm equipment rental market. However, the fluctuating fuel prices and shortage of workers in rental companies like drivers can hamper the growth of the farm equipment rental services.

New products to flourish the market

The rental penetration in countries like India and China is low compared to global rental penetration. The government of India has launched a CHC farm machinery app on October 2019 that provides tractors and other farm equipment's on rent to the farmers. The small and marginal farmers can easily hire the farm machineries through this app. 
Further one of the global leader in farm machinery Mahindra has launched a TRRINGO.com as a farm machinery hiring services. The TRRINGO is the first technology based model in tractor rental services for the farmers who are unable to afford their own tractor and other farm equipment.

High demand from equipment’s:

The farm equipment rentals include various farm equipment like tractors, harvesting equipment's, soil cultivation equipment's, pest control equipment's and planting & fertilizers equipment. These equipment are classified into various products. For example, the rotary tillers are the soil cultivation equipment that are used as an addition in the tractors. The rotary tillers use electric motor cultivator that cultivates the soil using rotating blades. Further, the agricultural aircraft sprayer in the farm equipment category act as a pest control equipment. It is used in spraying insecticides, pesticides and herbicides on the plants. Moreover, the innovative farm equipment combine harvester is a very rare equipment available in very few countries. The combine harvester act as combination of harvesting, cleaning and threshing of grain crops. The combine harvester is used in crops such as maze, oats, wheat and others.

Key segments covered:

Segments

Sub-segments

  Type

  • Tractors
  • Harvesters
  • Soil cultivators
  • Pest control equipment
  • others

  Product

  • Tractors
  • Shredders and cutters
  • Combine harvester
  • Sprayers
  • Tillers
  • Others

 Drive type

  • Two wheel
  • Four wheel

 

Key benefits of the report:

  • This study presents the analytical depiction of the farm equipment rentals market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the farm equipment rentals market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the farm equipment rentals market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed Market analysis based on competitive intensity and how the competition will take shape in coming years. 
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
  • Technologically sophisticated and reliable insights through well audited and veracious research methodology
  • Sovereign research proceeds that present a tangible depiction of marketplace


With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast


Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
PURCHASE OPTIONS

Start reading ,This Report and over 13000+ thousand more Reports, Available with Avenue Library, T&C*

Call or Email us

U.S.-Canada
Toll-free :
+1-800-792-5285
Int'l : +1-503-894-6022
Europe : + 44-845-528-1300
Email : help@alliedmarketresearch.com
 
Allied Market Research Allied Market Research Allied Market Research

Access from any device, anywhere

Clients can easily download both quantitative as well as
qualitative reports in PDF and excel formats.

 

HAVE QUESTIONS?
SPEAK WITH ANALYST

 

FREQUENTLY ASKED
QUESTIONS?

 

DID YOU MISS ANYTHING?
DO YOU HAVE SPECIFIC REQUIREMENTS?

 

REQUEST TOC/SAMPLE

OR

Purchase Full Report of
Farm Equipment Rental Market

Start reading.
This Report and over 13,000+ thousand more Reports, Available with Avenue Library. T&C*.

  • Online Only
  • $3,456  $3,110
  • Online cloud access only
  • Restricted print, copy, paste & download
  • Read only
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Data Pack
  • $3,840  $3,456
  • Restricted to one authorized user
  • One print only
  • Available in
    Excel
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Single User
  • $5,769  $5,192
  • Restricted to one authorized user
  • One print only
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Five Users
  • $6,450  $5,805
  • Limited to five authorized users
  • Print upto five copies
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Enterprise
    License/PDF

  • $9,995  $8,996
  • Unlimited
    within
    company/enterprise
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Library Membership
  • $ 699/mo
  • Published Content
    E-access
  • Company Profiles
    E-access
  • Newly Added Content Access
  • 10 PDF
    Downloads
  • 5 Excel Data
    Pack Downloads
  • 250 Company Profiles PDF Downloads
  • Buy Now

*Taxes/Fees, if applicable will be added during checkout. All prices in USD

 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

 
 

Featured Reports

 

Erythropoietin Drugs Market

Global Opportunity Analysis and Industry Forecast, 2021–2028

Published in May 2021

Download Sample

Protein Therapeutics Market

Global Opportunity Analysis and Industry Forecast, 2017-2023

Published in Nov 2017

Download Sample

Surgical Equipment Market

Global Opportunity Analysis and Industry Forecast, 2020-2027

Published in Jan 2021

Download Sample

Medical Implant Market

Global Opportunity Analysis and Industry Forecast, 2020–2027

Published in Nov 2020

Download Sample

Featured Readings

 

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

 
Get Industry Data Alerts
 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers