Agriculture plays a major role in the overall economy of many countries, especially in the Asia-Pacific region, such as India, Australia, and China. Due to the high scope of revenue generation through agriculture, the sector is always supported by governing bodies in these countries. Also, agriculture equipment manufacturers collaborate with regulatory bodies to offer agricultural equipment to small, medium, and large-scale growers. Since the 2000s, the world has seen an increased demand for food because of the gradual increase in the global population, which is expected to reach 9.72 billion by 2050. To cater to the growing population, agricultural productivity and efficiency must be increased. This issue can be resolved by using the latest farm equipment in the field. Not all farmers have the ability to invest in farm equipment due to the high price of equipment. Thus, farm equipment manufacturers have started offering farm equipment to growers on a rental basis which enables small and medium-scale growers to use the required equipment in their field and thereby increase their production.

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