Farm Equipment Rental Market to Reach USD 68.5 Billion by 2030 - Mordor Intelligence

Mordor Intelligence has published a latest report on the Farm Equipment Rental Market, offering a comprehensive analysis of trends, growth drivers, and future projections
Introduction

According to a 2025 report on the Farm Equipment Rental Market by Mordor Intelligence, the market size is valued at USD54.80billion in 2025 and is forecast to reach USD68.5billion by 2030, reflecting a CAGR of 5.7percent over the forecast period.

The Farm Equipment Rental Market [https://www.mordorintelligence.com/industry-reports/farm-equipment-rental-market?utm_source=abnewswire] provide farmers with access to modern agricultural machinery on a rental basis, eliminating the need for large upfront investments in expensive equipment. This model is especially beneficial for small and medium-scale farmers who face financial constraints but require mechanization to improve productivity. Rental services typically offer tractors, harvesters, tillers, sprayers, and other equipment for specific farming activities, allowing flexibility during peak agricultural season

Key Market Trends

Rising Mechanization in Agriculture: With the growing need for higher yields and efficient farming practices, farmers in both developed and developing countries are turning toward mechanization. However, the high cost of purchasing equipment such as tractors and harvesters remains a barrier. Rental services bridge this gap by offering access to modern machinery at affordable rates, allowing farmers to adopt mechanized solutions without heavy capital expenditure.

Growth of Custom Hiring Centers: Custom hiring centers provide a one-stop solution for farmers to rent equipment based on seasonal and operational requirements. These centers ensure proper maintenance of machinery, offer trained operators, and provide flexible rental durations. Their increasing presence, especially in rural areas, makes it easier for small-scale farmers to access advanced tools when needed.

Adoption of Digital Rental Platforms: The introduction of mobile apps and online platforms has simplified the process of renting farm equipment. Farmers can now compare pricing, check equipment availability, and book machinery in real time. This digital shift has improved transparency, reduced dependence on local brokers, and expanded rental services to remote agricultural regions.

Preference for High-Capacity Machinery: Commercial and large-scale farmers are increasingly demanding high-capacity equipment such as four-wheel-drive tractors, combine harvesters, and large seeders. Renting such machinery allows them to carry out operations efficiently across large land areas during peak agricultural seasons, boosting productivity and reducing turnaround time.

Government Support and Subsidies: Governments in several countries, particularly in Asia-Pacific, are launching programs to promote farm mechanization through subsidies and incentives for rental services. Initiatives like establishing custom hiring centers and providing financial assistance for equipment rentals are making modern farming tools more accessible to small and marginal farmers.

Market Segmentation

By Equipment Type

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Tractors: The most rented equipment due to their multipurpose use in plowing, planting, and hauling.

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Harvesters: Rented during peak harvesting seasons to save time and labor costs.

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Balers: Used for compressing crops like hay and straw into compact bales for easy handling and storage.

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Sprayers: Preferred for seasonal pest and fertilizer application across large farms.

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Seeders & Planters: Essential for quick and uniform sowing of seeds, especially for commercial-scale farming.

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Tillage & Soil-Cultivation Equipment: Rented for land preparation tasks before planting crops.

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Other Implements: Includes specialized equipment like loaders and spreaders for specific farming needs.

By Power Output (HP)

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Less than 30 HP: Suitable for small farms with light-duty agricultural operations.

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31-70 HP: Popular among medium-sized farms for versatile applications at moderate cost.

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71-130 HP: Used in commercial farms for large-scale plowing, seeding, and harvesting tasks.

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131-250 HP: Preferred for heavy-duty farming and extensive acreage requiring high power.

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More than 250 HP: Deployed in industrial-scale agriculture and large commercial plantations.

By Drive Type

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Two-Wheel Drive: Common among small farms due to low cost and simpler operations.

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Four-Wheel Drive: Chosen for large farms and heavy-duty applications requiring greater traction and efficiency.

By Business Model

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Offline Dealer & Co-op Yards: Traditional rental channels where farmers directly hire equipment from local dealers or cooperatives.

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Online / App-Based Platforms: Digital platforms providing transparent pricing, equipment availability, and booking convenience.

By End-User Farm Size

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Small (Less than 5 ha): High demand for small-capacity, affordable equipment rentals to reduce ownership costs.

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Medium (5-20 ha): Balanced demand for both mid-range and heavy-duty machinery.

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Large (More than 20 ha): Frequent rentals of high-capacity equipment to maximize productivity over vast acreage.

By Rental Duration

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Short-Term (Less than 3 months): Popular for specific, one-time farming activities like soil preparation or spraying.

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Seasonal (3-9 months): Covers entire crop cycles, from planting to harvesting.

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Annual / Long-Term (More than 9 months): Preferred by large farms requiring year-round mechanization support.

By Geography

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North America: A mature market with well-established rental networks and high adoption of advanced mechanized farming equipment. The focus is on precision farming and seasonal rentals for large-scale commercial farms.

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South America: Growing rental demand driven by expanding agricultural exports, mechanization adoption in Brazil and Argentina, and cost pressures on small and mid-sized farmers.

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Europe: Strong presence of organized rental cooperatives and high awareness of farm mechanization benefits. The demand is influenced by sustainable farming practices and advanced equipment technology.

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Asia Pacific: The fastest-growing market due to government subsidies, rising population pressure on food production, and fragmented landholdings requiring affordable rental options. Countries like India and China dominate in terms of rental service adoption.

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Middle East and Africa: Emerging rental market where rising food security concerns, mechanization initiatives, and investments in agriculture are driving growth in equipment leasing services.

Major Players

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Deere & Company: A global leader in agricultural machinery, Deere & Company offers a wide range of tractors, harvesters, and precision farming equipment. The company supports rental services through its dealer networks, ensuring access to advanced mechanization solutions for farmers.

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CNH Industrial N.V: Known for brands like New Holland and Case IH, CNH Industrial provides tractors, tillage equipment, and harvesting machinery for various farming needs. It has a strong presence in both developed and emerging agricultural markets.

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AGCO Corporation: AGCO specializes in tractors, seeding, and harvesting equipment under brands like Massey Ferguson and Fendt. Its focus on innovation and rental partnerships helps farmers adopt modern farming tools cost-effectively.

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Kubota Corporation: A major player in compact and mid-sized agricultural machinery, Kubota caters to small and medium farms with tractors, planters, and tillers. The company is expanding its rental footprint in Asia and North America.

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Titan Machinery Inc: A prominent dealership network for agricultural and construction equipment, Titan Machinery provides rental options for tractors, sprayers, and other machinery across the United States and Europe.

Conclusion

The Farm Equipment Rental Market is set for strong growth as farmers worldwide seek affordable access to modern agricultural machinery without heavy ownership costs. Rising mechanization, the expansion of custom hiring centers, and the availability of digital rental platforms are transforming how farmers manage seasonal operations and optimize productivity.

Get More insights: https://www.mordorintelligence.com/industry-reports/farm-equipment-rental-market?utm_source=abnewswire

Industry Related Reports

Tractor Rental Market: [https://www.mordorintelligence.com/industry-reports/tractor-rental-market?utm_source=abnewswire] The Tractor Rental Market report categorizes the industry based on Tractor Type (Utility Tractors, Row Crop Tractors, Industrial Tractors, Earth Moving Tractors), Power Source (IC Engine, Electric), Power Type (Less than 100 hp, 100-200 hp, More than 200 hp), and Geography (North America, Europe, Asia Pacific, Rest of the World). The report provides five years of historical data along with five-year market forecasts for each segment.

GCC Construction Machinery Rental Market: The report analyzes GCC Heavy Equipment Rental Companies and segments the market by Vehicle Type (Earthmoving Equipment, Material Handling), Propulsion Type (IC Engine, Hybrid Drive), and Country (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, United Arab Emirates). It provides market size and forecasts for the GCC Construction Equipment/Machinery Rental Market in terms of value (USD) across all the listed segments.

Get More Insights: https://www.mordorintelligence.com/industry-reports/gcc-construction-machinery-rental-market?utm_source=abnewswire

Construction Equipment Market : [https://www.mordorintelligence.com/industry-reports/construction-equipment-market?utm_source=abnewswire] The Construction Equipment Market report is segmented by Equipment Type (Earthmoving, among others), Propulsion Type (Internal Combustion - Diesel & CNG/LNG, and others), Equipment Size/Weight (Heavy - Above 11 Tons, and others), Power Output (Up to 250 HP, and others), Application (Infrastructure, and others), Sales Channel (New Equipment, and others), and Geography. Market forecasts are provided in terms of both value (USD) and volume (units) for all segments.

About Mordor Intelligence: Mordor Intelligence is a trusted partner for businesses seeking comprehensive and actionable market intelligence. Our global reach, expert team, and tailored solutions empower organizations and individuals to make informed decisions, navigate complex markets, and achieve their strategic goals.With a team of over 550 domain experts and on-ground specialists spanning 150+ countries, Mordor Intelligence possesses a unique understanding of the global business landscape. This expertise translates into comprehensive syndicated and custom research reports covering a wide spectrum of industries, including aerospace & defense, agriculture, animal nutrition and wellness, automation, automotive, chemicals & materials, consumer goods & services, electronics, energy & power, financial services, food & beverages, healthcare, hospitality & tourism, information & communications technology, investment opportunities, and logistics.

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