Farm Equipment Rental Market Overview:
Farm Equipment Rental market has been valued $46.8 million in the year 2021 and it is estimated to reach $66.4million by the year 2026, with a CAGR of 7.3% from 2021 to 2026. Farm Equipment Rental is mainly known as machinery which is commonly used for agriculture or harvesting purpose, farm equipment like tractor, harvesting equipment, mower conditioners, and various types which are provided by Farm Equipment Rental are used for agriculture purpose. The major factor to have a huge growth in Farm Equipment Rental market is because farmer are not affordable to buy farming equipments and it will be financial burden for farmers this raised the demand for Farm Equipment Rental market.

Farm Equipment Rental Market Drivers and Restrain:
Demand for Farm Equipment Rental is rising due to the increasing automation across the agricultural industry and also many new companies are also providing Farm Equipment for rent, it is expected to fuel the market growth. The start-up companies are launching new services and technological advancements in the market are expected to create new opportunities for a huge market growth. Farm Equipment Rental services are available for a low cost this has reduced financial burden on farmers and it is effective solution for availing the agricultural equipment this is the major drive to have huge demand for Farm Equipment Rental. Farmers are using the Farm Equipment rental services in-order to gain some profit by excluding the maintenance costs of the farm equipment.

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Report is segmented as:
Farm Equipment Rental Market is segmented on the basis of drive, By Equipment type, by power output.
* Based on drive Farm Equipment Rental is segmented into four-wheel drive.
* Based on By Equipment on Farm Equipment Rental is segmented into harvesters segment.
*Based on by power output Farm Equipment Rental is segmented into 71–130 HP segment majorly consists of 4WD tractors and 2WD tractor.

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Geographical Segmentation:
Farm Equipment Rental Market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. Asia Pacific has dominant share in Farm Equipment Rental Market because in the countries like India has more lands to cultivate and farmer cant effort to buy new Farm Equipments and it will be more burden to farmers and farming business is not profitable due to this the farmers uses these rental Farm Equipment this help to have massive growth in the region. North America will have clever growth in the coming years. Europe Farm Equipment Rental market has a slower amplify in the upcoming years.

Impact of COVID-19 on Farm Equipment Rental Market:
COVID-19 pandemic has shut-down the production of various products in the farm equipment, mainly is due to government has implemented lockdown in major global countries. This has hampered the growth of the farm equipment rentals market over last few months, as is likely to continue during 2020. The demand for the farm equipment rentals is expected to decrease due to corona virus.COVID-19 has already affected the sales of equipment and machinery, due to the decrease in the production by the manufacturing companies in the first quarter of 2020 and is affected the impact on the market growth throughout the year.