The global machinery leasing market is anticipated to grow significantly at a CAGR of 5.6% over the forecast period (2022-2028). The market players are considerably contributing to the market growth by forming strategic partneship collaboration with other prominent players operating in the mallret to stay competitive and to fullfill growing market demands.. For instance, in July 2021, Watkins Glen International and United Rentals, forge an agreement on the entitlement for the NASCAR Camping World Truck Series race as part of the partnership, Watkins Glen International and other NASCAR-owned facilities will work collaboratively with United Rentals for access to rental construction and industrial equipment, supplies and tools and additional items for on-going facility maintenance and race and event preparations.
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Moreover, in December 2021, MyLand Company LLC, announced it has entered into a financing agreement with CSC Leasing Company, the leasing facility will allow MyLand to expand its installed base of MyLand Thrive Systems in the field, covering up to an additional 35,000 acres initially with the possibility for significant additional expansion with CSC leasing. The funding will support the deployment of MyLand Thrive Systems, which connect directly to growers’ irrigation producing and delivering live, native microalgae directly into the soil on a continuous basis. Through this process, the microalgae rapidly improve the physical, chemical, and biological traits of the soil, generating significantly healthier soil.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Global Machinery Leasing Market– Segmentation
By Type
- Heavy construction machinery rental
- Commercial air, rail, and water transportation equipment rental
- Mining, oil and gas
- Forestry machinery
- Equipment rental
By Mode
- Offline
- Online
Global Machinery Leasing Market – by Region
North America
- US
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
The Report Covers
- Market value data analysis of 2022 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global machinery leasing market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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