Tractor Rental Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Tractor Rental Market report segments the industry into By Tractor Type (Utility Tractors, Row Crop Tractors, Industrial Tractors, Earth Moving Tractors), By Power Source (IC Engine, Electric), By Power Type (Less than 100 hp, 100-200 hp, More than 200 hp), and By Geography (North America, Europe, Asia Pacific, Rest of the World). Get five years of historical data alongside five-year market forecasts.

Tractor Rental Market Size

Tractor Rental Market Analysis

The Tractor Rental Market is expected to register a CAGR of greater than 6% during the forecast period.

COVID-19 pandemic has shut down the production of various products in farm equipment, mainly owing to the prolonged lockdown in major global countries. This has hampered the growth of the farm equipment rentals market significantly in the last few months and was continued during 2020 and 2021. As part of its contribution to COVID-19 relief measures, Tractors and Farm Equipment Ltd (TAFE) has offered 16,500 tractors under a free rental scheme for farmers in Tamil Nadu. The scheme is intended to benefit approximately 50,000 farmers and will cover 1.20 lakh acres of agricultural land.

Over the long term, the increasing demand for mechanization and the rising number of low and medium-scale farmers are the primary factors that are creating a huge demand for tractor rental in underdeveloped countries such as Ghana and other African countries, majorly in the south of the Sahara, tractor rental firm allows tractor owners to fully utilize their machines, and additionally providing services to farmers, who cannot afford their tractors.

However, fluctuating fuel prices and a shortage of workers in rental companies, such as drivers, can stymie the growth of farm equipment rental services.

Asia-Pacific is expected to dominate the tractor rental market owing to rising crop production, increased adoption of advanced technology, and rising demand for tractors and various farming equipment such as harvesters, spraying, and threshing equipment for rental purposes. Farmers in the Asia Pacific region are increasing their production of rice and other crops such as palm oil and cotton. Furthermore, a shift in the agricultural sector across Asia Pacific countries from labor-intensive farming techniques to advanced technological equipment has resulted in increased demand for tractors and various farming equipment such as harvesters and spraying and threshing equipment for rental. Increased crop production has also resulted from investments in various agricultural machinery, particularly in developing countries such as India, China, Vietnam, and Thailand.

Tractor Rental Industry Overview

The global tractor rental market is moderately fragmented, has several active players, and also the market is witnessing the emergence of many new startups. Some of the major players in the market are John Deere, Farmease, Trringo, and JFarm Services amongst others. The companies are expanding their presence by acquiring other market participants, increasing their tractor counts, and tapping into new and unexplored markets. 

Tractor Rental Market Leaders

  1. Premier Equipment Rental

  2. Flaman Group of Companies

  3. Titan Machinery

  4. John Deere

  5. Kwipped Inc.

  6. *Disclaimer: Major Players sorted in no particular order
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Tractor Rental Market News

  • In June 2022, The Bihar cooperative department will launch an app-based system for renting farm equipment such as harvesters and tractors to small and marginal farmers in approximately 3,000 primary agricultural credit societies. Farmers who do not have farm equipment for tilling the land or other cultivation needs would be able to book it through the app, and the machines would be delivered to their door based on availability. According to sources, the rental would be on an hourly basis. 

Tractor Rental Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Drivers
  • 4.2 Market Restraints
  • 4.3 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.3.1 Threat of New Entrants
    • 4.3.2 Bargaining Power of Buyers/Consumers
    • 4.3.3 Bargaining Power of Suppliers
    • 4.3.4 Threat of Substitute Products
    • 4.3.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 By Tractor Type
    • 5.1.1 Utility Tractors
    • 5.1.2 Row Crop Tractors
    • 5.1.3 Industrial Tractors
    • 5.1.4 Earth Moving Tractors
  • 5.2 By Power Source
    • 5.2.1 IC Engine
    • 5.2.2 Electric
  • 5.3 By Power Type
    • 5.3.1 Less than 100 hp
    • 5.3.2 100-200 hp
    • 5.3.3 More than 200 hp
  • 5.4 By Geography
    • 5.4.1 North America
    • 5.4.1.1 United States
    • 5.4.1.2 Canada
    • 5.4.1.3 Rest of North America
    • 5.4.2 Europe
    • 5.4.2.1 Germany
    • 5.4.2.2 United Kingdom
    • 5.4.2.3 France
    • 5.4.2.4 Rest of Europe
    • 5.4.3 Asia Pacific
    • 5.4.3.1 India
    • 5.4.3.2 China
    • 5.4.3.3 Japan
    • 5.4.3.4 South Korea
    • 5.4.3.5 Rest of Asia-Pacific
    • 5.4.4 Rest of the World
    • 5.4.4.1 South America
    • 5.4.4.2 Middle-East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Vendor Market Share
  • 6.2 Company Profiles
    • 6.2.1 Kwipped Inc.
    • 6.2.2 John Deere
    • 6.2.3 EM3 Agri Services
    • 6.2.4 Titan Machinery
    • 6.2.5 The Pape Group, Inc.
    • 6.2.6 Premier Equipment Rental
    • 6.2.7 Flaman Group of Companies
    • 6.2.8 Pacific Tractor & Implement
    • 6.2.9 JFarm Services
    • 6.2.10 Farmease
    • 6.2.11 Trringo
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Tractor Rental Industry Segmentation

Tractors are earthmoving machines used for a variety of tasks in the agriculture and construction industries, among others. Tractors are also used in applications such as construction material loading and unloading, as well as plowing and farming.

The tractor rental market is segmented by tractor type, power source type, power type, and Geography.

The Tractor Rental Market is segmented by tractor type into utility tractors, row crop tractors, industrial tractors, and earth moving tractors. By power source type, the market is segmented into IC Engine, and Electric. By power, the market is segmented into less than 100 hp, 100-200 hp, and more than 200 hp. By Geography, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. The report covers the market size and forecast in value (USD Billion) for all the above segments.

The tractor rental market report covers the increasing demand for tractor rental solutions, new players entering the market, the impact of mobile-based applications on the market, and initiatives taken by market players to gain a competitive advantage. 

By Tractor Type Utility Tractors
Row Crop Tractors
Industrial Tractors
Earth Moving Tractors
By Power Source IC Engine
Electric
By Power Type Less than 100 hp
100-200 hp
More than 200 hp
By Geography North America United States
Canada
Rest of North America
Europe Germany
United Kingdom
France
Rest of Europe
Asia Pacific India
China
Japan
South Korea
Rest of Asia-Pacific
Rest of the World South America
Middle-East and Africa
By Tractor Type
Utility Tractors
Row Crop Tractors
Industrial Tractors
Earth Moving Tractors
By Power Source
IC Engine
Electric
By Power Type
Less than 100 hp
100-200 hp
More than 200 hp
By Geography
North America United States
Canada
Rest of North America
Europe Germany
United Kingdom
France
Rest of Europe
Asia Pacific India
China
Japan
South Korea
Rest of Asia-Pacific
Rest of the World South America
Middle-East and Africa
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Tractor Rental Market Research FAQs

What is the current Tractor Rental Market size?

The Tractor Rental Market is projected to register a CAGR of greater than 6% during the forecast period (2025-2030)

Who are the key players in Tractor Rental Market?

Premier Equipment Rental, Flaman Group of Companies, Titan Machinery, John Deere and Kwipped Inc. are the major companies operating in the Tractor Rental Market.

Which is the fastest growing region in Tractor Rental Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Tractor Rental Market?

In 2025, the Asia Pacific accounts for the largest market share in Tractor Rental Market.

What years does this Tractor Rental Market cover?

The report covers the Tractor Rental Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Tractor Rental Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Page last updated on: October 18, 2024

Tractor Rental Industry Report

Statistics for the 2025 Tractor Rental market share, size and revenue growth rate, created by Mordor Intelligenceâ„¢ Industry Reports. Tractor Rental analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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