Farm Equipment Rental Market

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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GLOBAL FARM EQUIPMENT RENTAL MARKET

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

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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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