Farm Equipment Rental Market Size

Market Size in USD Bn

CAGR6.5%

Study Period	2025-2032
Base Year of Estimation	2024
CAGR	6.5%
Market Concentration	Low
Major Players	Deere & Company, CNH Industrial, AGCO Corporation, Kubota Corporation, Mahindra & Mahindra and Among Others

*Disclaimer: Major players are listed in no particular order.

*Source: Coherent Market Insights

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Farm Equipment Rental Market Analysis

The farm equipment rental market is estimated to be valued at USD 60.89 Bn in 2025 and is expected to reach USD 94.62 Bn by 2032, growing at a compound annual growth rate (CAGR) of 6.5% from 2025 to 2032. The growing demand for farm machinery and the rising ownership costs of newer agriculture equipment is driving more farmers to opt for renting over owning, contributing to the growth of the farm equipment rental market.