Growing Need to Increase the Level of Mechanization in Smallholding Farms to Drive the Farm Equipment Rental Market
The global farm equipment rental market is estimated to be valued at USD 46.8 billion in 2020 and is projected to reach USD 66.4 billion by 2025, recording a CAGR of 7.3%. The market has high growth potential in emerging markets, such as Asia Pacific, South America, and Rest of the World (RoW), as they have started to use farm equipment on rent or lease, which offers them a variety of benefits that...
John Deere (US) and CNH Industrial (UK) are the Key Players in the Farm Equipment Rental Market
The global farm equipment rental market is estimated to account for a value of USD 46.8 billion in 2020 and is projected to grow at a CAGR of 7.3% from 2020, to reach a value of USD 66.4 billion by 2025. The growth of the farm equipment rental market driven by factors such as shortage of skilled labor and an increase in mechanization in developing countries, rising demand for productivity and operational...
Farm Equipment Rental Market Will Hit Big Revenues In Future
The report “Farm Equipment Rental Market by Equipment Type (Tractors, Harvesters, Sprayers, Balers & Other Equipment Types), Power Output (250HP), Drive (Two-wheel Drive and Four-wheel Drive), Region – Global Forecast to 2025”, published by MarketsandMarkets™, The global farm equipment rental market is estimated to be valued at USD 46.8 billion in 2020 and is projected to reach a...