Global Tractor Rental Market 2016-2020

  • ID: 3987867
  • Report
  • Region: Global
  • 54 pages
  • TechNavio
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FEATURED COMPANIES

  • John Deere
  • Pacific Rentals
  • Sunbelt Rentals
  • MORE
About Tractor Rental

The tractor rental market is globally operated by third party suppliers or tractor manufacturers that offer used tractor on rent to the farmers based on their requirements. The rapid growth of the agricultural sector is a significant factor that spurs the prospect for the growth of this market. The rise in the wages of agricultural laborers is empowering farmers to use modern methods of farming. Farmers have started using more and more farm equipment and renting farm equipment is the only viable and practical option.

The analysts forecast the global tractor rental market to grow at a CAGR of 8.09% during the period 2016-2020.

Covered in this report
The report covers the present scenario and the growth prospects of the global tractor rental market for 2016-2020. To calculate the market size, the report considers the number of households dependent on agriculture, the number of total fleet size of tractors rented out, and the average revenue earned from each tractor in different regions.

The market is divided into the following segments based on geography:
- Americas
- APAC
- Europe

The report, Global Tractor Rental Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
- Pacific Rentals
- Sunbelt Rentals
- John Deere

Market drivers
- High labor wage
- For a full, detailed list, view the full report

Market challenges
- Low internet penetration in rural APAC
- For a full, detailed list, view the full report

Market trends
- Increase in consolidation of fragmented land in Europe and the Americas
- For a full, detailed list, view the full report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • John Deere
  • Pacific Rentals
  • Sunbelt Rentals
  • MORE
Part 01: Executive summary
  • Highlights
Part 02: Scope of the report
  • Market overview
  • Top-vendor offerings
Part 03: Market research methodology
  • Research methodology
  • Economic indicators
Part 04: Introduction
  • Key market highlights
Part 05: Market landscape
  • Market overview
  • Market size and forecast
  • Five forces analysis
Part 06: Market segmentation by engine power
  • Global tractor rental market by engine power
  • Global tractor rental market in low-powered engine segment
  • Global tractor rental market in high-powered engine segment
Part 07: Geographical segmentation
  • Global tractor rental market by geography
  • Global tractor rental market in Europe
  • Global tractor rental market in Americas
  • Global tractor rental market in APAC
Part 08: Key leading countries
  • Key leading countries
Part 09: Market drivers
  • High labor wage
  • Growing
Participation of private players and government initiatives
  • Increase in number of households
Participating in tractor rental market

Part 10: Impact of drivers

Part 11: Market challenges
  • Low internet penetration in rural APAC
  • Unorganized tractor rental market in APAC
Part 12: Impact of drivers and challenges

Part 13: Market trends
  • Increase in consolidation of fragmented land in Europe and Americas
  • Rising focus on less than 20 hp tractors and 50 hp-60 hp tractors in APAC
Part 14: Key vendor analysis
  • Pacific Rentals
  • Sunbelt Rentals
  • John Deere
Part 15: Appendix
  • List of abbreviations
Part 16: About the Author

List of Exhibits
Exhibit 01: Segmentation of global tractor rental market
Exhibit 02: Product offerings
Exhibit 03: Global tractor rental market 2015-2020 ($ billions)
Exhibit 04: Five forces analysis
Exhibit 05: Global tractor rental market by engine power 2015 (%share)
Exhibit 06: Global tractor rental market by engine power 2020 (% share)
Exhibit 07: Global tractor rental market by engine power 2015-2020 ($ billions)
Exhibit 08: Global tractor rental market in low-powered engine segment 2015-2020 ($ billions)
Exhibit 09: Global tractor rental market in low-powered engine segment by region 2015-2020 ($ billions)
Exhibit 10: Global tractor rental market in high-powered engine segment 2015-2020 ($ billions)
Exhibit 11: Global tractor rental market in high-powered engine segment by region 2015-2020 ($ billions)
Exhibit 12: Global tractor rental market by geography 2015
Exhibit 13: Global tractor rental market by geography 2020
Exhibit 14: Tractor rental market in Europe 2015-2020 ($ billions)
Exhibit 15: Sale of new tractors in European countries 2010-2015 (thousands of units)
Exhibit 16: Average farm size in European countries (hectares)
Exhibit 17: Tractor rental market in Americas 2015-2020 ($ billions)
Exhibit 18: Tractor rental rates based on wheel drive in US 2015
Exhibit 19: Tractor rental rates based on engine power in US 2015
Exhibit 20: Global tractor rental market in APAC 2015-2020 ($ billions)
Exhibit 21: Tractor rental market in APAC 2015-2020 ($ billions)
Exhibit 22: Key leading countries
Exhibit 23: Key market drivers
Exhibit 24: Minimum wages in US states on hourly basis 2016
Exhibit 25: Impact of drivers
Exhibit 26: Key market challenge
Exhibit 27: Impact of drivers and challenges
Exhibit 28: Key market trends
Exhibit 29: Pacific Rentals business segmentation
Exhibit 30: Pacific Rentals tractor product portfolio
Exhibit 31: Sunbelt Rentals business segmentation
Exhibit 32: Sunbelt Rentals product portfolio
Exhibit 33: Business segmentation of John Deere
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FEATURED COMPANIES

  • John Deere
  • Pacific Rentals
  • Sunbelt Rentals
  • MORE
New Report Released: – Global Tractor Rental Market 2016-2020

The author of the report recognizes the following companies as the key players in the global tractor rental market: Pacific Rentals, Sunbelt Rentals, and John Deere.

Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is increase in consolidation of fragmented land in Europe and the Americas. There has been a growing trend where the size of the land in the Americas and Europe is getting consolidated since the return from the larger farms is much greater than the smaller farms. Large companies such as Farm and ranch supply stores in the US, Monsanto, and Archer-Daniels Midland have started dominating the agricultural market. The consolidation of smaller farms to larger farms is attributed to the fact that large farm size rationalizes better financial returns than the smaller or mid-sized farms.”

According to the report, one of the major drivers for this market is high labor wage. The labor wage in regions such as the Americas and Europe is already high, whereas APAC countries such as India and China are experiencing a rise in the minimum wage of laborers. As a result, it is difficult for farmers to employ more laborers in the market. Farmers are finding out ways of renting out tractors and other farm equipment in their agricultural field to fulfill the low employment of laborers in their fields. It can be inferred that increase in the wage of laborers is acting as a strong growth driver for this market.

Further, the report states that one of the major factors hindering the growth of this market is low internet penetration in rural APAC. In rural India, mobile internet users grew by 93% between December 2014-December 2015, yet only 9% of the rural population has access to technology. The growing digitization has the potential to completely turn around things in agriculture, the way they have been happening for centuries but low overall internet penetration remains a grave concern acting as a major impediment in awareness of new farming techniques as well as organized tractor rental.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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  • Pacific Rentals
  • Sunbelt Rentals
  • John Deere
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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