Latin America Farm Equipment Rental Market Size & Outlook
The farm equipment rental market in Latin America is expected to reach a projected revenue of US$ 8,157.3 million by 2030. A compound annual growth rate of 3% is expected of Latin America farm equipment rental market from 2024 to 2030.
Revenue, 2023 (US$M)
$6,626.9
Forecast, 2030 (US$M)
$8,157.3
CAGR, 2024 - 2030
3%
Report Coverage
Latin America
Latin America farm equipment rental market highlights
- The Latin America farm equipment rental market generated a revenue of USD 6,626.9 million in 2023.
- The market is expected to grow at a CAGR of 3% from 2024 to 2030.
- In terms of segment, tractors was the largest revenue generating equipment type in 2023.
- Tractors is the most lucrative equipment type segment registering the fastest growth during the forecast period.
Latin America data book summary
| Market revenue in 2023 | USD 6,626.9 million |
| Market revenue in 2030 | USD 8,157.3 million |
| Growth rate | 3% (CAGR from 2023 to 2030) |
| Largest segment | Tractors |
| Fastest growing segment | Tractors |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Tractors |
| Key market players worldwide | Deere & Co, CNH Industrial NV, AGCO Corporation, Kubota Corp, Mahindra & Mahindra Ltd DR |
Other key industry trends
- In terms of revenue, Latin America region accounted for 12.3% of the global farm equipment rental market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 29,944.0 million by 2030.
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Farm Equipment Rental Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| AGCO Corporation | View profile | 10001+ | Beloit, Kansas, United States, North America | https://www.sunflowermfg.com/ |
| Kubota Corp | View profile | 65532 | 2-47, Shikitsuhigashi 1-Chome, Naniwa-ku, Osaka, Japan, 556-8601 | http://www.kubota.co.jp |
| Mahindra & Mahindra Ltd DR | View profile | 61874 | Dr. G. M. Bhosale Marg, Mahindra Towers, 5th Floor, Worli, Mumbai, MH, India, 400 018 | https://www.mahindra.com |
| CNH Industrial NV | View profile | 40496 | Cranes Farm Road, Basildon, Essex, London, United Kingdom, SS14 3AD | https://www.cnhindustrial.com |
| Deere & Co | View profile | 83000 | One John Deere Place, Moline, IL, United States, 61265 | https://www.deere.com |
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