Farm Equipment Rental Market A Global and Regional Analysis Table of Content
Focus on Product and Country Analysis Analysis and Forecast: 2020-2026 September 2021
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GLOBAL FARM EQUIPMENT RENTAL MARKET
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GLOBAL FARM EQUIPMENT RENTAL MARKET
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Table of Content Executive Summary ........................................................................ 21 Scope of the Study .......................................................................... 29 1
Markets .................................................................................... 31 1.1
Industry Outlook .............................................................................................. 32
1.1.1 Market Definition ......................................................................................... 32 1.1.2 Consortiums and Associations .................................................................. 33 1.1.3 Government Initiatives Landscape ............................................................ 35 1.1.4 Patent Analysis ............................................................................................ 36 1.1.4.1
Patent Analysis (by Status) .............................................................................. 38
1.1.4.2
Patents Analysis (by Organization)................................................................... 40
1.1.5 Pricing Analysis........................................................................................... 40 1.2
Business Dynamics ......................................................................................... 42
1.2.1 Business Drivers ......................................................................................... 42 1.2.1.1
Increased Government Initiatives for the Upliftment of Farm Equipment Rental Market ................................................................................................... 42
1.2.1.2
High Cost of Agriculture Equipment.................................................................. 42
1.2.1.3
Rising Global Food Demand ............................................................................ 43
1.2.2.1
High Rental Costs and Interest Rates .............................................................. 44
1.2.2.2
Lack of Awareness among Farmers ................................................................. 45
1.2.3 Business Strategies .................................................................................... 46 1.2.3.1
Product Development ....................................................................................... 47
1.2.3.2
Market Developments ...................................................................................... 47
1.2.4 Corporate Strategies ................................................................................... 48 1.2.4.1
Mergers and Acquisitions ................................................................................. 48
1.2.4.2
Partnerships, Collaborations, and Joint Ventures ............................................. 49
1.2.4.3
Others .............................................................................................................. 49
1.2.5 Business Opportunities .............................................................................. 50 1.2.5.1
Rise in the Adoption of Modern Agricultural Equipment .................................... 50 3
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GLOBAL FARM EQUIPMENT RENTAL MARKET
1.2.2 Business Challenges .................................................................................. 44
1.2.5.2
Scope of Geographical Expansion for Equipment Manufacturers ..................... 50
1.2.6 Impact of COVID-19 on Global Farm Equipment Rental Market .............. 51
2
Products .................................................................................. 52 2.1
Global Farm Equipment Rental Market (by Product) .................................... 53
2.1.1 Tractor .......................................................................................................... 53 2.1.1.1
Tractor (by Drive) ............................................................................................. 54
2.1.1.1.1
Two-Wheel Drive...................................................................................................... 54
2.1.1.1.2
Four-Wheel Drive ..................................................................................................... 55
2.1.1.2
Tractor (by Power Output) ................................................................................ 55
2.1.1.2.1
Less than 50 HP....................................................................................................... 55
2.1.1.2.2
50-100 HP ................................................................................................................ 56
2.1.1.2.3
More than 100 HP .................................................................................................... 56
2.1.2 Harvester ...................................................................................................... 56 2.1.3 Baler ............................................................................................................. 57 2.1.4 Sprayer ......................................................................................................... 57 2.1.5 Others ........................................................................................................... 58 2.2
3
Demand Analysis of the Global Farm Equipment Rental Market (by Product) ............................................................................................................ 58
Region ..................................................................................... 60 3.1
North America .................................................................................................. 63
3.1.1.1
Key Providers in North America ....................................................................... 63
3.1.1.2
Business Drivers .............................................................................................. 63
3.1.1.3
Business Challenges ........................................................................................ 64
3.1.2 Product ......................................................................................................... 64 3.1.2.1
North America Farm Equipment Rental Market (by Product), $Billion, 20202026 ................................................................................................................. 64
3.1.2.2
North America Farm Equipment Rental Market (Tractor by Power Output), $Billion, 2020-2026 .......................................................................................... 64
3.1.2.3
North America Farm Equipment Rental Market (Tractor by Drive), $Billion, 2020-2026 ........................................................................................................ 65 4
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GLOBAL FARM EQUIPMENT RENTAL MARKET
3.1.1 Market ........................................................................................................... 63
3.1.3 North America (by Country) ....................................................................... 65 3.1.3.1
U.S. .................................................................................................................. 65
3.1.3.1.1
Market ...................................................................................................................... 66
3.1.3.1.1.1 Buyer Attributes ................................................................................................ 66 3.1.3.1.1.2 Key Providers Operating in the U.S. ................................................................. 66 3.1.3.1.1.3 Business Challenges ........................................................................................ 66 3.1.3.1.1.4 Business Drivers ............................................................................................... 66 3.1.3.1.2
Product ..................................................................................................................... 67
3.1.3.1.2.1 U.S. Farm Equipment Rental Market (by Product), $Billion, 2020-2026 .......... 67
3.1.3.2
Canada ............................................................................................................ 67
3.1.3.2.1
Market ...................................................................................................................... 67
3.1.3.2.1.1 Buyer Attributes ................................................................................................ 67 3.1.3.2.1.2 Key Providers Operating in Canada ................................................................. 68 3.1.3.2.1.3 Business Challenges ........................................................................................ 68 3.1.3.2.1.4 Business Drivers ............................................................................................... 68 3.1.3.2.2
Product ..................................................................................................................... 68
3.1.3.2.2.1 Canada Farm Equipment Rental Market (by Product), $Billion, 20202026 ........................................................................................................................ 68
3.1.3.3
Mexico ............................................................................................................. 69
3.1.3.3.1
Market ...................................................................................................................... 69
3.1.3.3.1.2 Key Providers Operating in Mexico .................................................................. 69 3.1.3.3.1.3 Business Challenges ........................................................................................ 69 3.1.3.3.1.4 Business Drivers ............................................................................................... 69 3.1.3.3.2
Product ..................................................................................................................... 70
3.1.3.3.2.1 Mexico Farm Equipment Rental Market (by Product), $Billion, 2020-2026 .......................................................................................................................... 70
3.2
South America ................................................................................................. 72
3.2.1 Market ........................................................................................................... 72 3.2.1.1
Key Providers in South America ....................................................................... 72 5
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GLOBAL FARM EQUIPMENT RENTAL MARKET
3.1.3.3.1.1 Buyer Attributes ................................................................................................ 69
3.2.1.2
Business Drivers .............................................................................................. 72
3.2.1.3
Business Challenges ........................................................................................ 72
3.2.2 Product ......................................................................................................... 73 3.2.2.1
South America Farm Equipment Rental Market (by Product), $Billion, 2020-2026 ........................................................................................................ 73
3.2.2.2
South America Farm Equipment Rental Market (Tractor by Power Output), $Billion, 2020-2026 .......................................................................................... 73
3.2.2.3
South America Farm Equipment Rental Market (Tractor by Drive), $Billion, 2020-2026 ........................................................................................................ 73
3.2.3 South America (by Country) ....................................................................... 74 3.2.3.1
Brazil ................................................................................................................ 74
3.2.3.1.1
Market ...................................................................................................................... 74
3.2.3.1.1.1 Buyer Attributes ................................................................................................ 74 3.2.3.1.1.2 Key Providers Operating in Brazil ..................................................................... 74 3.2.3.1.1.3 Business Challenges ........................................................................................ 74 3.2.3.1.1.4 Business Drivers ............................................................................................... 75 3.2.3.1.2
Product ..................................................................................................................... 75
3.2.3.1.2.1 Brazil Farm Equipment Rental Market (by Product), $Billion, 2020-2026 ........ 75
3.2.3.2
Rest-of-South America ..................................................................................... 75
3.2.3.2.1
Market ...................................................................................................................... 75
3.2.3.2.1.2 Key Providers Operating in Rest-of-South America ......................................... 76 3.2.3.2.1.3 Business Challenges ........................................................................................ 76 3.2.3.2.1.4 Business Drivers ............................................................................................... 76 3.2.3.2.2
Product ..................................................................................................................... 76
3.2.3.2.2.1 Rest-of-South America Farm Equipment Rental Market (by Product), $Billion, 2020-2026 ................................................................................................. 76
3.3
Europe .............................................................................................................. 78
3.3.1 Market ........................................................................................................... 78 3.3.1.1
Key Providers in Europe................................................................................... 78
3.3.1.2
Business Drivers .............................................................................................. 78 6
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GLOBAL FARM EQUIPMENT RENTAL MARKET
3.2.3.2.1.1 Buyer Attributes ................................................................................................ 75
3.3.1.3
Business Challenges ........................................................................................ 78
3.3.2 Product ......................................................................................................... 79 3.3.2.1
Europe Farm Equipment Rental Market (by Product), $Billion, 2020-2026 ....... 79
3.3.2.2
Europe Farm Equipment Rental Market (Tractor by Power Output), $Billion, 2020-2026 .......................................................................................... 79
3.3.2.3
Europe Farm Equipment Rental Market (Tractor by Drive), $Billion, 20202026 ................................................................................................................. 79
3.3.3 Europe (by Country) .................................................................................... 80 3.3.3.1
Germany .......................................................................................................... 80
3.3.3.1.1
Market ...................................................................................................................... 80
3.3.3.1.1.1 Buyer Attributes ................................................................................................ 80 3.3.3.1.1.2 Key Providers Operating in Germany ............................................................... 80 3.3.3.1.1.3 Business Challenges ........................................................................................ 81 3.3.3.1.1.4 Business Drivers ............................................................................................... 81 3.3.3.1.2
Product ..................................................................................................................... 81
3.3.3.1.2.1 Germany Farm Equipment Rental Market (by Product), $Billion, 20202026 ........................................................................................................................ 81
3.3.3.2
France.............................................................................................................. 81
3.3.3.2.1
Market ...................................................................................................................... 82
3.3.3.2.1.1 Buyer Attributes ................................................................................................ 82
3.3.3.2.1.3 Business Challenges ........................................................................................ 82 3.3.3.2.1.4 Business Drivers ............................................................................................... 82 3.3.3.2.2
Product ..................................................................................................................... 82
3.3.3.2.2.1 France Farm Equipment Rental Market (by Product), $Billion, 2020-2026 .......................................................................................................................... 82
3.3.3.3
Spain ................................................................................................................ 83
3.3.3.3.1
Market ...................................................................................................................... 83
3.3.3.3.1.1 Buyer Attributes ................................................................................................ 83 3.3.3.3.1.2 Key Providers Operating in Spain .................................................................... 83 3.3.3.3.1.3 Business Challenges ........................................................................................ 83 7 All rights reserved at BIS Research Inc.
GLOBAL FARM EQUIPMENT RENTAL MARKET
3.3.3.2.1.2 Key Providers Operating in France .................................................................. 82
3.3.3.3.1.4 Business Drivers ............................................................................................... 83 3.3.3.3.2
Product ..................................................................................................................... 84
3.3.3.3.2.1 Spain Farm Equipment Rental Market (by Product), $Billion, 2020-2026 ........ 84
3.3.3.4
Rest-of-Europe ................................................................................................. 84
3.3.3.4.1
Market ...................................................................................................................... 84
3.3.3.4.1.1 Buyer Attributes ................................................................................................ 84 3.3.3.4.1.2 Key Providers Operating in the Rest-of-Europe ............................................... 84 3.3.3.4.1.3 Business Challenges ........................................................................................ 85 3.3.3.4.1.4 Business Drivers ............................................................................................... 85 3.3.3.4.2
Product ..................................................................................................................... 85
3.3.3.4.2.1 Rest-of-Europe Farm Equipment Rental Market (by Product), $Billion, 2020-2026 ............................................................................................................... 85
3.4
U.K. ................................................................................................................... 87
3.4.1 Markets ......................................................................................................... 87 3.4.1.1
Buyer Attributes................................................................................................ 87
3.4.1.2
Key Providers in the U.K. ................................................................................. 87
3.4.1.3
Business Challenges ........................................................................................ 87
3.4.1.4
Business Drivers .............................................................................................. 88
3.4.2.1
U.K. Farm Equipment Rental Market (by Product), $Billion, 2020-2026 ........... 88
3.4.2.2
U.K. Farm Equipment Rental Market (Tractor by Power Output), $Billion, 2020-2026 ........................................................................................................ 88
3.4.2.3
U.K. Farm Equipment Rental Market (Tractor by Drive), $Billion, 20202026 ................................................................................................................. 89
3.5
Middle East and Africa .................................................................................... 91
3.5.1 Market ........................................................................................................... 91 3.5.1.1
Key Providers in Middle East and Africa ........................................................... 91
3.5.1.2
Business Drivers .............................................................................................. 91
3.5.1.3
Business Challenges ........................................................................................ 91
3.5.2 Product ......................................................................................................... 92 8 All rights reserved at BIS Research Inc.
GLOBAL FARM EQUIPMENT RENTAL MARKET
3.4.2 Product ......................................................................................................... 88
3.5.2.1
Middle East and Africa Farm Equipment Rental Market (by Product), $Billion, 2020-2026 .......................................................................................... 92
3.5.2.2
Middle East and Africa Farm Equipment Rental Market (Tractor by Power Output), $Billion, 2020-2026 ............................................................................. 92
3.5.2.3
Middle East and Africa Farm Equipment Rental Market (Tractor by Drive), $Billion, 2020-2026 .......................................................................................... 92
3.5.3 Middle East and Africa (by Country) .......................................................... 93 3.5.3.1
South Africa ..................................................................................................... 93
3.5.3.1.1
Market ...................................................................................................................... 93
3.5.3.1.1.1 Buyer Attributes ................................................................................................ 93 3.5.3.1.1.2 Key Providers Operating in the South Africa .................................................... 93 3.5.3.1.1.3 Business Challenges ........................................................................................ 94 3.5.3.1.1.4 Business Drivers ............................................................................................... 94 3.5.3.1.2
Product ..................................................................................................................... 94
3.5.3.1.2.1 South Africa Farm Equipment Rental Market (by Product), $Billion, 20202026 ........................................................................................................................ 94
3.5.3.2
Rest-of-Middle East and Africa ......................................................................... 94
3.5.3.2.1
Market ...................................................................................................................... 95
3.5.3.2.1.1 Buyer Attributes ................................................................................................ 95 3.5.3.2.1.2 Key Providers Operating in the Rest-of-Middle East and Africa ...................... 95
3.5.3.2.1.4 Business Drivers ............................................................................................... 95 3.5.3.2.2
Product ..................................................................................................................... 96
3.5.3.2.2.1 Rest-of-Middle East and Africa Farm Equipment Rental Market (by Product), $Billion, 2020-2026 .................................................................................. 96
3.6
China ................................................................................................................. 98
3.6.1 Markets ......................................................................................................... 98 3.6.1.1
Buyer Attributes................................................................................................ 98
3.6.1.2
Key Providers in China ..................................................................................... 98
3.6.1.3
Business Challenges ........................................................................................ 98
3.6.1.4
Business Drivers .............................................................................................. 99 9
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3.5.3.2.1.3 Business Challenges ........................................................................................ 95
3.6.2 Product ......................................................................................................... 99 3.6.2.1
China Farm Equipment Rental Market (by Product), $Billion, 2020-2026 ......... 99
3.6.2.2
China Farm Equipment Rental Market (Tractor by Power Output), $Billion, 2020-2026 ........................................................................................................ 99
3.6.2.3
China Farm Equipment Rental Market (Tractor by Drive), $Billion, 20202026 ............................................................................................................... 100
3.7
Asia-Pacific .................................................................................................... 102
3.7.1 Market ......................................................................................................... 102 3.7.1.1
Key Providers in Asia-Pacific.......................................................................... 102
3.7.1.2
Business Drivers ............................................................................................ 102
3.7.1.3
Business Challenges ...................................................................................... 103
3.7.2 Product ....................................................................................................... 103 3.7.2.1
Asia-Pacific Farm Equipment Rental Market (by Product), $Billion, 20202026 ............................................................................................................... 103
3.7.2.2
Asia-Pacific Farm Equipment Rental Market (Tractor by Power Output), $Billion, 2020-2026 ........................................................................................ 103
3.7.2.3
Asia-Pacific Farm Equipment Rental Market (Tractor by Drive), $Billion, 2020-2026 ...................................................................................................... 104
3.7.3 Asia-Pacific (by Country) .......................................................................... 104 3.7.3.1
Japan ............................................................................................................. 104
3.7.3.1.1
Market .................................................................................................................... 105
3.7.3.1.1.2 Key Providers in Japan ................................................................................... 105 3.7.3.1.1.3 Business Challenges ...................................................................................... 105 3.7.3.1.1.4 Business Drivers ............................................................................................. 105 3.7.3.1.2
Product ................................................................................................................... 106
3.7.3.1.2.1 Japan Farm Equipment Rental Market (by Product), $Billion, 2020-2026 ..... 106
3.7.3.2
India ............................................................................................................... 106
3.7.3.2.1
Market .................................................................................................................... 106
3.7.3.2.1.1 Buyer Attributes .............................................................................................. 106 3.7.3.2.1.2 Key Providers in India ..................................................................................... 106 10 All rights reserved at BIS Research Inc.
GLOBAL FARM EQUIPMENT RENTAL MARKET
3.7.3.1.1.1 Buyer Attributes .............................................................................................. 105
3.7.3.2.1.3 Business Challenges ...................................................................................... 107 3.7.3.2.1.4 Business Drivers ............................................................................................. 107 3.7.3.2.2
Product ................................................................................................................... 107
3.7.3.2.2.1 India Farm Equipment Rental Market (by Product), $Billion, 2020-2026 ....... 107
3.7.3.3
South Korea ................................................................................................... 107
3.7.3.3.1
Market .................................................................................................................... 108
3.7.3.3.1.1 Buyer Attributes .............................................................................................. 108 3.7.3.3.1.2 Key Providers Operating in South Korea ........................................................ 108 3.7.3.3.1.3 Business Challenges ...................................................................................... 108 3.7.3.3.1.4 Business Drivers ............................................................................................. 108 3.7.3.3.2
Product ................................................................................................................... 108
3.7.3.3.2.1 South Korea Farm Equipment Rental Market (by Product), $Billion, 20202026 ...................................................................................................................... 108
3.7.3.4
Australia ......................................................................................................... 109
3.7.3.4.1
Market .................................................................................................................... 109
3.7.3.4.1.1 Buyer Attributes .............................................................................................. 109 3.7.3.4.1.2 Key Providers Operating in Australia .............................................................. 109 3.7.3.4.1.3 Business Challenges ...................................................................................... 109 3.7.3.4.1.4 Business Drivers ............................................................................................. 109 3.7.3.4.2
Product ................................................................................................................... 110
2026 ...................................................................................................................... 110
3.7.3.5
Rest-of-Asia-Pacific ........................................................................................ 110
3.7.3.5.1
Market .................................................................................................................... 110
3.7.3.5.1.1 Buyer Attributes .............................................................................................. 110 3.7.3.5.1.2 Key Providers Operating in Rest-of-Asia Pacific ............................................ 110 3.7.3.5.1.3 Business Challenges ...................................................................................... 111 3.7.3.5.1.4 Business Drivers ............................................................................................. 111 3.7.3.5.2
Product ................................................................................................................... 111
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3.7.3.4.2.1 Australia Farm Equipment Rental Market (by Product), $Billion, 2020-
3.7.3.5.2.1 Rest-of-Asia-Pacific Farm Equipment Rental Market (by Product), $Billion, 2020-2026 ............................................................................................... 111
4
Markets - Competitive Benchmarking & Company Profiles ....... 112 4.1
Competitive Benchmarking .......................................................................... 113
4.2
Company Profile ............................................................................................ 115
4.2.1 Manufacturers ............................................................................................ 116 4.2.1.1
Deere & Company.......................................................................................... 116
4.2.1.1.1
Company Overview ................................................................................................ 116
4.2.1.1.1.1 Role of Deere & Company in the Global Farm Equipment Rental Market ..... 116 4.2.1.1.1.2 Product Portfolio ............................................................................................. 116 4.2.1.1.2
Strengths and Weaknesses of Deere & Company ................................................ 117
4.2.1.1.3
R&D Analysis ......................................................................................................... 117
4.2.1.2
Escorts Limited............................................................................................... 118
4.2.1.2.1
Company Overview ................................................................................................ 118
4.2.1.2.1.1 Role of Escorts Limited in the Global Farm Equipment Rental Market .......... 118 4.2.1.2.1.2 Product Portfolio ............................................................................................. 118 4.2.1.2.2
Strengths and Weaknesses of Escorts Limited ..................................................... 119
4.2.1.2.3
R&D Analysis ......................................................................................................... 119
4.2.1.3
JC Bamford Excavators Ltd. ........................................................................... 120
4.2.1.3.1
Company Overview ................................................................................................ 120
Rental Market ........................................................................................................ 120 4.2.1.3.1.2 Product Portfolio ............................................................................................. 120 4.2.1.3.2
4.2.1.4
Strengths and Weaknesses of JC Bamford Excavators Ltd. ................................. 121
Mahindra & Mahindra Ltd. .............................................................................. 122
4.2.1.4.1
Company Overview ................................................................................................ 122
4.2.1.4.1.1 Role of Mahindra & Mahindra Ltd. in the Global Farm Equipment Rental Market ................................................................................................................... 122 4.2.1.4.1.2 Product Portfolio ............................................................................................. 122 4.2.1.4.2
Strengths and Weaknesses of Mahindra & Mahindra Ltd. .................................... 123
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4.2.1.3.1.1 Role of JC Bamford Excavators Ltd. in the Global Farm Equipment
4.2.1.5
Tractors and Farm Equipment Limited ........................................................... 124
4.2.1.5.1
Company Overview ................................................................................................ 124
4.2.1.5.1.1 Role of Tractors and Farm Equipment Limited in the Global Farm Equipment Rental Market ...................................................................................... 124 4.2.1.5.1.2 Product Portfolio ............................................................................................. 124 4.2.1.5.2
Strengths and Weaknesses of Tractors and Farm Equipment Limited ................. 125
4.2.2 Retailers ..................................................................................................... 126 4.2.2.1
Associated Supply Company, Inc. .................................................................. 126
4.2.2.1.1
Company Overview ................................................................................................ 126
4.2.2.1.1.1 Role of Associated Supply Company, Inc. in the Global Farm Equipment Rental Market ........................................................................................................ 126 4.2.2.1.1.2 Product Portfolio ............................................................................................. 126 4.2.2.1.2
4.2.2.2
Strengths and Weaknesses of Associated Supply Company, Inc. ........................ 127
Cedar Street Sales & Rentals......................................................................... 128
4.2.2.2.1
Company Overview ................................................................................................ 128
4.2.2.2.1.1 Role of Cedar Street Sales & Rentals in the Global Farm Equipment Rental Market ........................................................................................................ 128 4.2.2.2.1.2 Product Portfolio ............................................................................................. 128 4.2.2.2.2
Farmease ....................................................................................................... 130
4.2.2.3.1
Company Overview ................................................................................................ 130
4.2.2.3.1.1 Role of Farmease in the Global Farm Equipment Rental Market .................. 130 4.2.2.3.1.2 Product Portfolio ............................................................................................. 130 4.2.2.3.2
4.2.2.4
Strengths and Weaknesses of Farmease .............................................................. 131
Flaman Group of Companies ......................................................................... 132
4.2.2.4.1
Company Overview ................................................................................................ 132
4.2.2.4.1.1 Role of Flaman Group of Companies in the Global Farm Equipment Rental Market ........................................................................................................ 132 4.2.2.4.1.2 Product Portfolio ............................................................................................. 132 4.2.2.4.2
4.2.2.5
Strengths and Weaknesses of Flaman Group of Companies ............................... 133
German Bliss Equipment Inc. ......................................................................... 134 13
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4.2.2.3
Strengths and Weaknesses of Cedar Street Sales & Rentals ............................... 129
4.2.2.5.1
Company Overview ................................................................................................ 134
4.2.2.5.1.1 Role of German Bliss Equipment Inc. in the Global Farm Equipment Rental Market ........................................................................................................ 134 4.2.2.5.1.2 Product Portfolio ............................................................................................. 134 4.2.2.5.2
4.2.2.6
Strengths and Weaknesses of German Bliss Equipment Inc. ............................... 135
KWIPPED, Inc. ............................................................................................... 136
4.2.2.6.1
Company Overview ................................................................................................ 136
4.2.2.6.1.1 Role of KWIPPED, Inc. in the Global Farm Equipment Rental Market .......... 136 4.2.2.6.1.2 Product Portfolio ............................................................................................. 136 4.2.2.6.2
4.2.2.7
Strengths and Weaknesses of KWIPPED, Inc. ..................................................... 137
Messick's ....................................................................................................... 138
4.2.2.7.1
Company Overview ................................................................................................ 138
4.2.2.7.1.1 Role of Messick's in the Global Farm Equipment Rental Market ................... 138 4.2.2.7.1.2 Product Portfolio ............................................................................................. 138 4.2.2.7.2
4.2.2.8
Strengths and Weaknesses of Messick's .............................................................. 139
Pacific Tractor & Implement ........................................................................... 140
4.2.2.8.1
Company Overview ................................................................................................ 140
4.2.2.8.1.1 Role of Pacific Tractor & Implement in the Global Farm Equipment Rental Market ................................................................................................................... 140 4.2.2.8.1.2 Product Portfolio ............................................................................................. 140
4.2.2.9
Strengths and Weaknesses of Pacific Tractor & Implement ................................. 141
The Papé Group, Inc. ..................................................................................... 142
4.2.2.9.1
Company Overview ................................................................................................ 142
4.2.2.9.1.1 Role of The Papé Group, Inc. in the Global Farm Equipment Rental Market ................................................................................................................... 142 4.2.2.9.1.2 Product Portfolio ............................................................................................. 142 4.2.2.9.2
Strengths and Weaknesses of The Papé Group, Inc. ........................................... 143
4.2.2.10 Titan Machinery Inc. ....................................................................................... 144 4.2.2.10.1 Company Overview ................................................................................................ 144 4.2.2.10.1.1 Role of Titan Machinery Inc. in the Global Farm Equipment Rental Market ........................................................................................................................ 144 14 All rights reserved at BIS Research Inc.
GLOBAL FARM EQUIPMENT RENTAL MARKET
4.2.2.8.2
4.2.2.10.1.2 Product Portfolio ............................................................................................. 144 4.2.2.10.2 Strengths and Weaknesses of Titan Machinery Inc. ............................................. 145
4.2.2.11 Other Key Players .......................................................................................... 146
5
Research Methodology ........................................................... 147 5.1
Data Sources .................................................................................................. 147
5.1.1 Primary Data Sources ............................................................................... 147 5.1.2 Secondary Data Sources .......................................................................... 147 5.1.3 Data Triangulation ..................................................................................... 148 Market Estimation and Forecast................................................................... 149
15 All rights reserved at BIS Research Inc.
GLOBAL FARM EQUIPMENT RENTAL MARKET
5.2
List of Figures Figure 1:
Global Farm Equipment Rental Market, $Billion, 2020-2026
Figure 2:
Market Drivers and Challenges in Global Farm Equipment Rental Market
Figure 3:
Global Farm Equipment Rental Market (by Product), $Billion, 2020-2026
Figure 4:
Global Farm Equipment Rental Market (Tractor by Power Output), $Billion, 2020-2026
Figure 5:
Global Farm Equipment Rental Market (Tractor by Drive), $Billion, 2020-2026
Figure 6:
Global Farm Equipment Rentals Market (by Region), $Billion, 2020
Figure 7:
Global Farm Equipment Rental Market Coverage
Figure 8:
Global Farm Equipment Rental Patent Trend (2005-2020)
Figure 9:
Year-Wise Total Number of Patents for Farm Equipment Rental Market (January 2018-August 2021)
Figure 10: Patent Analysis (by Status), January 2018-August 2021 Figure 11: Year-Wise Total Patents Filed or Granted for Farm Equipment Rental Market, January 2018August 2021 Figure 12: Patents Analysis (by Organization), January 2018-August 2021 Figure 13: Average Farm Equipment Cost (by Region), 2021 Figure 14: Projected Global Population Growth Figure 15: Average Rent of Farm Equipment, 2020 (Cost/Day) Figure 16: Share of Key Market Strategies and Developments, January 2018-August 2021 Figure 17: Mergers and Acquisitions (by Company), January 2018-June 2021 Figure 18: Global Farm Equipment Rental Market (by Product)
Figure 20: Rental Farm Equipment Providers (by Type of Company) Figure 21: Deere & Company: R&D Analysis, 2018-2020 Figure 22: Escorts Limited: R&D Analysis, 2018-2020 Figure 23: Data Triangulation Figure 24: Top-Down and Bottom-Up Approach Figure 25: Assumptions and Limitations
16 All rights reserved at BIS Research Inc.
GLOBAL FARM EQUIPMENT RENTAL MARKET
Figure 19: Competitive Market High & Low Matrix
Table 1:
Key Consortiums and Associations in Global Farm Equipment Rental Market
Table 2:
Government Initiatives Toward Global Farm Equipment Rental Market
Table 3:
Average Prices of Rental Farm Equipment
Table 4:
Business Expansions (by Company), January 2018-August 2021
Table 5:
Partnership, Collaboration, and Joint Venture (by Company), January 2018-August 2021
Table 6:
Tractor Offered by Key Companies Operating in Farm Equipment Rental Market
Table 7:
Harvester Offered by Key Companies Operating in Farm Equipment Rental Market
Table 8:
Global Farm Equipment Rental Market (by Product), $Billion, 2020-2026
Table 9:
Global Farm Equipment Rental Market (Tractor by Power Output), $Billion, 2020-2026
Table 10:
Global Farm Equipment Rental Market (Tractor by Drive), $Billion, 2020-2026
Table 11:
Global Farm Equipment Rental Market (by Region), $Billion, 2020-2026
Table 12:
North America Farm Equipment Rental Market (by Product), $Billion, 2020-2026
Table 13:
North America Farm Equipment Rental Market (Tractor by Power Output), $Billion, 2020-2026
Table 14:
North America Farm Equipment Rental Market (Tractor by Drive), $Billion, 2020-2026
Table 15:
North America Farm Equipment Rental Market (by Country), $Billion, 2020-2026
Table 16:
U.S. Farm Equipment Rental Market (by Product), $Billion, 2020-2026
Table 17:
Canada Farm Equipment Rental Market (by Product), $Billion, 2020-2026
Table 18:
Mexico Farm Equipment Rental Market (by Product), $Billion, 2020-2026
Table 19:
South America Farm Equipment Rental Market (by Product), $Billion, 2020-2026
Table 20:
South America Farm Equipment Rental Market (Tractor by Power Output), $Billion, 2020-2026
Table 21:
South America Farm Equipment Rental Market (Tractor by Drive), $Billion, 2020-2026
Table 22:
South America Farm Equipment Rental Market (by Country), $Billion, 2020-2026
Table 23:
Brazil Farm Equipment Rental Market (by Product), $Billion, 2020-2026
Table 24:
Rest-of-South America Farm Equipment Rental Market (by Product), $Billion, 2020-2026
Table 25:
Europe Farm Equipment Rental Market (by Product), $Billion, 2020-2026
Table 26:
Europe Farm Equipment Rental Market (Tractor by Power Output), $Billion, 2020-2026
Table 27:
Europe Farm Equipment Rental Market (Tractor by Drive), $Billion, 2020-2026
Table 28:
Europe Farm Equipment Rental Market (by Country), $Billion, 2020-2026
Table 29:
Germany Farm Equipment Rental Market (by Product), $Billion, 2020-2026
Table 30:
France Farm Equipment Rental Market (by Product), $Billion, 2020-2026
Table 31:
Spain Farm Equipment Rental Market (by Product), $Billion, 2020-2026 17
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GLOBAL FARM EQUIPMENT RENTAL MARKET
List of Tables
Table 32:
Rest-of-Europe Farm Equipment Rental Market (by Product), $Billion, 2020-2026
Table 33:
U.K. Farm Equipment Rental Market (by Product), $Billion, 2020-2026
Table 34:
U.K. Farm Equipment Rental Market (Tractor by Power Output), $Billion, 2020-2026
Table 35:
U.K. Farm Equipment Rental Market (Tractor by Drive), $Billion, 2020-2026
Table 36:
Middle East and Africa Farm Equipment Rental Market (by Product), $Billion, 2020-2026
Table 37:
Middle East and Africa Farm Equipment Rental Market (Tractor by Power Output), $Billion, 2020-2026
Table 38:
Middle East and Africa Farm Equipment Rental Market (Tractor by Drive), $Billion, 2020-2026
Table 39:
Middle East and Africa Farm Equipment Rental Market (by Country), $Billion, 2020-2026
Table 40:
South Africa Farm Equipment Rental Market (by Product), $Billion, 2020-2026
Table 41:
Rest-of-Middle East and Africa Farm Equipment Rental Market (by Product), $Billion, 2020-
Table 42:
China Farm Equipment Rental Market (by Product), $Billion, 2020-2026
Table 43:
China Farm Equipment Rental Market (Tractor by Power Output), $Billion, 2020-2026
Table 44:
China Farm Equipment Rental Market (Tractor by Drive), $Billion, 2020-2026
Table 45:
Asia-Pacific Farm Equipment Rental Market (by Product), $Billion, 2020-2026
Table 46:
Asia-Pacific Farm Equipment Rental Market (Tractor by Power Output), $Billion, 2020-2026
Table 47:
Asia-Pacific Farm Equipment Rental Market (Tractor by Drive), $Billion, 2020-2026
Table 48:
Asia-Pacific Farm Equipment Rental Market (by Country), $Billion, 2020-2026
Table 49:
Japan Farm Equipment Rental Market (by Product), $Billion, 2020-2026
Table 50:
India Farm Equipment Rental Market (by Product), $Billion, 2020-2026
Table 51:
South Korea Farm Equipment Rental Market (by Product), $Billion, 2020-2026
Table 52:
Australia Farm Equipment Rental Market (by Product), $Billion, 2020-2026
Table 53:
Rest-of-Asia-Pacific Farm Equipment Rental Market (by Product), $Billion, 2020-2026
Table 54:
Deere & Company: Product Portfolio
Table 55:
Escorts Limited: Product Portfolio
Table 56:
JC Bamford Excavators Ltd.: Product Portfolio
Table 57:
Mahindra & Mahindra Ltd.: Product Portfolio
Table 58:
Tractors and Farm Equipment Limited: Product Portfolio
Table 59:
Associated Supply Company, Inc.: Product Portfolio
Table 60:
Cedar Street Sales & Rentals: Product Portfolio
Table 61:
Farmease: Product Portfolio
Table 62:
Flaman Group of Companies: Product Portfolio 18
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GLOBAL FARM EQUIPMENT RENTAL MARKET
2026
German Bliss Equipment Inc.: Product Portfolio
Table 64:
KWIPPED, Inc.: Product Portfolio
Table 65:
Messick's: Product Portfolio
Table 66:
Pacific Tractor & Implement: Product Portfolio
Table 67:
The Papé Group, Inc.: Product Portfolio
Table 68:
Titan Machinery Inc.: Product Portfolio
Table 69:
Other Key Players in Global Farm Equipment Rental Market
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GLOBAL FARM EQUIPMENT RENTAL MARKET
Table 63:
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