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(Transportation-News.com, November 13, 2017 ) 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.
Publisher's analysts forecast the global tractor rental market to grow at a CAGR of 8.09% during the period 2016-2020.
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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
Publisher's 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
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Market driver
-High labor wage
-For a full, detailed list, view our report
Market challenge
-Low internet penetration in rural APAC
-For a full, detailed list, view our report
Market trend
-Increase in consolidation of fragmented land in Europe and the Americas
-For a full, detailed list, view our 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?
For more information about this report: http://www.reportsweb.com/global-tractor-rental-market-2016-2020
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Rajat Sahni
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