Farm Equipment Rental Market Outlook:
Farm Equipment Rental Market size was valued at USD 62.61 billion in 2025 and is set to exceed USD 113.19 billion by 2035, expanding at over 6.1% CAGR during the forecast period i.e., between 2026-2035. In the year 2026, the industry size of farm equipment rental is estimated at USD 66.05 billion.
The growth driver for the market is the rise in the number of suppliers/ rental services, and initiatives by the government to support farmers.Mukhyamantri Harit Krishi Sanyantra Yojana initiated by the State of Bihar aims to help farmers in increasing agriculture yields, providing rental equipment and financial support. Moreover, any single farmer or group of farmers from Bihar can apply for this yojana, particularly those who have owned land. Further, a 50% subsidy will be provided for renting machinery.