The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Farm mechanisation is likely to drive innovation in farm tractor rental production, propelling the market during the forecast period.

The global farm tractor rental market is expected to grow from $46.17 billion in 2022 to $50.52 billion in 2023 at a compound annual growth rate (CAGR) of 9.4%. The global farm tractor rental market size is expected to reach $69.21 billion in 2027 at a CAGR of 8.2%.

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Global Farm Tractor Rental Market Segments Include:

• By Type: Internal Combustion Engine(ICE), Electric
• By Operations: Manual Tractor Vehicle, Autonomous Tractor Vehicle
• By Power Output: <30 HP, 31-70 HP, 71-130 HP, 131-250 HP, >250 HP
• By Drive type: Two Wheel, Four Wheel
• By Application: Harvesting, Seed Sowing, Irrigation, Other Applications
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global farm tractor rental market in 2021.

Major Market Players in the farm tractor rental market include Deere & Company, Tractors and Farm Equipment Limited, Kubota Corporation, AGCO Corporation, Mahindra & Mahindra Limited, Pacific Tractor & Implement, Pacific Ag Rentals LLC.

Technological advances have emerged as the most popular trend in the farm tractor rental business. To boost their market position, major farm tractor rental firms are launching technologically advanced farm tractor rental goods and platform services. For example, Proxecto, an India-based tractor firm, will unveil a new fully automatic hybrid tractor with sophisticated eco-friendly technologies in May 2021. This unique tractor for agriculture operates without batteries and can run on a variety of fuels. Furthermore, this is a one-of-a-kind tractor with all-wheel electric drive technology, simple three-mode operations without the clutch, and gear that reduces farmers’ human effort.

The Farm Tractor Rental Global Market Report 2023  provides a farm tractor rental market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The farm tractor rental market forecast analyzes farm tractor rental market size, farm tractor rental market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Farm tractor rental is the service of renting farm tractors to people or businesses for a certain length of time, typically for agricultural or construction work. This enables users to gain access to the essential equipment without having to buy it, which can be costly and requires continuing maintenance.

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