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Some of the leading farm equipment rental companies are:
Friesen Sales & Rentals, Cedar Street Sales & Rentals, The Pap
The tractor equipment type segment held 40% of the farm equipment rental market share in 2022, driven by their surging need for addressing the cost constraints of small and medium-scale farmers.
The market size of farm equipment rental was worth USD 35.2 billion in 2022 and may witness over 6% CAGR from 2023 to 2032, due to consistent technological breakthroughs.
Asia Pacific recorded over 41% of the farm equipment rental industry share in 2022 and is expected to observe notable CAGR from 2023 to 2032, due to rising population and changing consumption patterns in the region.