Backhoe Rental Market
Backhoe Rental Market Analysis, By Type (Center Mount Backhoe and Sideshift Backhoe), By Engine Power (Up to 80 HP, 80-100 HP, and Over 100 HP) and Region - Market Insights 2023 to 2033
Analysis of Backhoe Rental Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Backhoe Rental Market Growth Outlook (2023 to 2033)
The global backhoe rental market is estimated to be valued at US$ 611.2 million in 2023 and it is expected to grow at a CAGR of 4.3% to reach US$ 931.4 million by the end of 2033.
The backhoe rental market serves multiple sectors, offering flexibility and cost savings for customers. It is expected to witness significant growth, with a projected absolute dollar opportunity of US$ 320.1 million.
| Report Attributes | Details |
|---|---|
| Backhoe Rental Size (2022A) | US$ 586.2 Million |
| Estimated Market Value (2023E) | US$ 611.4 Million |
| Forecasted Market Value (2033F) | US$ 931.4 Million |
| Global Market Growth Rate (2023 to 2033) | 4.3% CAGR |
| Europe Market Share (2023) | 26.1% |
| Germany Market Growth Rate (2023 to 2033) | 4.8% CAGR |
| Key Companies Profiled | Ahern Rentals; BlueLine Rental; Herc Rentals; Home Depot Rentals; Neff Rental; Sunbelt Rentals; United Rentals |
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Historic and Future Pathway Analysis for the Backhoe Rental
The backhoe rental market is a segment of the equipment rental industry that caters to the needs of construction, excavation, and landscaping companies, as well as individual contractors. The demand for backhoe rental is closely tied to the growth of the construction industry, as backhoe loaders are essential for various tasks in these sectors. As construction projects increase in number, the need for backhoe loaders rises, leading to a higher demand for rental services.
One of the key advantages of backhoe rental is its cost-effectiveness. Renting a backhoe is often more economical for businesses and contractors compared to purchasing the equipment outright. Renting allows them to access the required machinery without the upfront investment and ongoing maintenance costs associated with ownership.
Hence, during the historical period from 2018 to 2022, global demand for backhoe rental grow by 4.4% CAGR, with a value of US$ 586.2 Million by the end of the historical period.
- Short Term (2023 to 2026): The construction industry is expected to grow further, fueled by infrastructure development, and residential and commercial projects. This growth will lead to increased demand for backhoe rental services in the near future, creating opportunities for market growth.
- Medium Term (2026 to 2029): The prevailing trend of urbanization and escalating construction activity in cities across the globe will propel the need for backhoe rental services in the medium term. This surge in demand presents significant opportunities for the backhoe rental market.
- Long Term (2029 to 2033): In the long term, the backhoe rental industry will undergo a sustained digital transformation. Rental companies are expected to embrace advanced digital platforms for seamless online booking, efficient fleet management, and enhanced customer engagement which will enhance market growth.
On the back of the aforementioned facts, the backhoe rental is expected to grow at a CAGR of 4.3% during the forecast period from 2023 to 2033, According to the Fact.MR, a market research and competitive intelligence provider.
Market share analysis of backhoe rental based on engine power and region is provided in a nutshell in the above image. Under the engine power segment, the 80-100 HP sub-segment is expected to dominate with a 49.1% market share in 2023.
Market Dynamics Outlook
“Urbanization and Government Initiatives Driving Demand for Backhoe Rental Globally”
Governments worldwide are heavily investing in infrastructure development to support urbanization and enhance citizens' quality of life. These projects encompass the construction of highways, airports, railways, and urban utilities, all of which require efficient earthmoving equipment like backhoes. Backhoes are crucial assets for tasks such as excavation, grading, and other activities essential for infrastructure development. As governments allocate budgets and launch initiatives to improve infrastructure, the demand for backhoe rentals is experiencing a significant surge.
On the other hand, the ongoing trend of urbanization is driving increased construction activities in cities, further escalating the need for backhoes to excavate, dig foundations, trench, and fulfill various construction-related requirements. Renting backhoes has emerged as an appealing option for construction companies and contractors due to its cost-effectiveness, especially for smaller or temporary projects where purchasing new equipment may not be financially viable.
“Operational Costs and High Initial Investment to Limit Growth”
Operational costs and high initial investment act as limiting factors for the growth of the backhoe rental market. Rental companies face expenses such as maintenance, repairs, fuel, insurance, and storage, which impact their profitability.
The significant upfront investment required to acquire a diverse fleet of backhoes poses a challenge for new entrants and smaller rental companies. These capital-intensive nature and ongoing operational costs can hinder market expansion by creating barriers to entry and affecting the overall profitability of the rental business.
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Country-wise Insights
Why Demand for Backhoe Rental Market is High in China?
The booming real estate market in China drives the demand for backhoe rentals. As the construction industry thrives, real estate developers, contractors, and construction companies require backhoes for various tasks like excavation, foundation digging, earthmoving, and material handling.
Renting backhoes offers flexibility, cost-effectiveness, and access to the latest models without the need for significant upfront investment. The continuous growth in the real estate sector leads to sustained demand for backhoe rentals, thereby generating revenue for rental companies.
China is predicted to grow at a CAGR of close to 4.6% because of the aforementioned factors and reach a valuation of US$ 185.4 Million by the end of the forecast period.
What Supports Increasing Demand for Backhoe Rental Services in the U.S.?
The U.S. government has shown a commitment to investing in infrastructure development. Initiatives like the American Jobs Plan and various state-level infrastructure programs aim to improve transportation networks, upgrade utilities, and enhance public facilities.
These infrastructure investments require the use of backhoes for tasks such as road construction, excavation, and utility installation, contributing to the demand for rental services in the country. Due to these factors, the U.S. is expected to reach a valuation of US$ 262.7 Million by the end of the forecast period growing at a CAGR of 4.5%.
Category-wise Insights
Which Application Type Presents Lucrative Growth Opportunities in the Market?
Construction and mining application types present lucrative growth opportunities in the backhoe rental market. As backhoes are versatile and widely used equipment in these industries, offering the capability to perform various tasks such as excavation, trenching, and material handling. This high demand for backhoes in construction and mining activities drives the growth of the rental market.
Renting backhoes provides a cost-effective solution for businesses, allowing them to access the equipment without the need for large upfront investments. This affordability factor attracts small and medium-sized enterprises to opt for backhoe rentals, further boosting the market growth.
Why Center Mount Backhoe is Gaining Traction in the Market?
The forecast period is expected to witness strong market expansion for the center-mount backhoe. Its design provides operators with improved visibility and maneuverability, making it ideal for efficient operation in confined spaces, a common requirement in construction and mining applications. The center mount backhoe's enhanced stability and digging capabilities enable it to tackle demanding tasks effectively, making it a highly sought-after choice in the market.
Furthermore, advancements in technology and design have resulted in the development of center-mount backhoes with features like increased lifting capacities and improved fuel efficiency. These advancements further propel market growth, as businesses seek out these versatile and high-performance machines for their operations.
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Eminent Player’s Key Stratagems
Eminent backhoe rental service providers are BlueLine Rental, Herc Rentals, Home Depot Rentals, Neff Rental, Sunbelt Rentals, and United Rentals
Many companies are focusing on expanding their backhoe rental fleet to cater to a wider customer base. They regularly invest in acquiring new backhoes and related equipment to meet the growing demand. By offering a diverse range of well-maintained and up-to-date machines, these companies attract more customers and increase their market share.
Backhoe rental service providers are also implementing merger and acquisition strategies to enhance their portfolio and customer base. For instance:
- In February 2023, United Rentals successfully acquired Able Equipment Rental, Inc., this acquisition create immense growth opportunities for the company by improving its market presence and customer base.
- In November 2022, Wagner Rental & Supply, a general rental firm with four locations, has been acquired by Sunbelt Rentals in the U.S.
Fact.MR has provided detailed information about the key rental service providers of the backhoe, their total fleet, service portfolio, and revenue growth, in the recently published report.
Segmentation of Backhoe Rental Industry Research
-
By Type :
- Center Mount Backhoe
- Side shift Backhoe
-
By Engine Power :
- Up to 80 HP
- 80-100 HP
- Over 100 HP
-
By Digging Depth :
- Under 10 Feet
- 10-15 Feet
- Over 15 Feet
-
By End Use :
- Construction & Mining
- Agriculture & Forestry
- Landscape & Maintenance
- Other
-
By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- Middle East & Africa
Table of Content
- 1. Market - Executive Summary
- 2. Market Overview
- 3. Market Background and Foundation Data
- 4. Global Market Value (US$ million) Analysis and Forecast
- 5. Global Market Analysis and Forecast, By Type
- 5.1. Center Mount Backhoe
- 5.2. Sideshift Backhoe
- 6. Global Market Analysis and Forecast, By Engine Power
- 6.1. Up to 80 HP
- 6.2. 80-100 HP
- 6.3. Over 100 HP
- 7. Global Market Analysis and Forecast, By Digging Depth
- 7.1. Under 10 Feet
- 7.2. 10-15 Feet
- 7.3. Over 15 Feet
- 8. Global Market Analysis and Forecast, By Application
- 8.1. Construction & Mining
- 8.2. Agriculture & Forestry
- 8.3. Landscape & Maintenance
- 8.4. Others
- 9. Global Market Analysis and Forecast, By Region
- 9.1. North America
- 9.2. Latin America
- 9.3. Europe
- 9.4. East Asia
- 9.5. South Asia & Oceania
- 9.6. Middle East & Africa
- 10. North America Market Analysis and Forecast
- 11. Latin America Market Analysis and Forecast
- 12. Europe Market Analysis and Forecast
- 13. East Asia Market Analysis and Forecast
- 14. South Asia & Oceania Market Analysis and Forecast
- 15. Middle East & Africa Market Analysis and Forecast
- 16. Country-level Market Analysis and Forecast
- 17. Market Structure Analysis
- 18. Market Competition Analysis
- 18.1. BlueLine Rental
- 18.2. Herc Rentals
- 18.3. Home Depot Rentals
- 18.4. Neff Rental
- 18.5. Sunbelt Rentals
- 18.6. United Rentals
- 18.7. Other Prominent Players
- 19. Assumptions & Acronyms Used
- 20. Research Methodology
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List Of Table
Table 1: Global Market Value (US$ million) by Region, 2018 to 2022
Table 2: Global Market Value (US$ million) and Forecast by Region, 2023 to 2033
Table 3: Global Market Value (US$ million) By Type, 2018 to 2022
Table 4: Global Market Value (US$ million) and Forecast By Type, 2023 to 2033
Table 5: Global Market Value (US$ million) By Engine Power, 2018 to 2022
Table 6: Global Market Value (US$ million) and Forecast By Engine Power, 2023 to 2033
Table 7: Global Market Value (US$ million) By Digging Depth, 2018 to 2022
Table 8: Global Market Value (US$ million) and Forecast By Digging Depth, 2023 to 2033
Table 9: Global Market Value (US$ million) By Application, 2018 to 2022
Table 10: Global Market Value (US$ million) and Forecast By Application, 2023 to 2033
Table 11: North America Market Value (US$ million) by Country, 2018 to 2022
Table 12: North America Market Value (US$ million) and Forecast by Country, 2023 to 2033
Table 13: North America Market Value (US$ million) By Type, 2018 to 2022
Table 14: North America Market Value (US$ million) and Forecast By Type, 2023 to 2033
Table 15: North America Market Value (US$ million) By Engine Power, 2018 to 2022
Table 16: North America Market Value (US$ million) and Forecast By Engine Power, 2023 to 2033
Table 17: North America Market Value (US$ million) By Digging Depth, 2018 to 2022
Table 18: North America Market Value (US$ million) and Forecast By Digging Depth, 2023 to 2033
Table 19: North America Market Value (US$ million) By Application, 2018 to 2022
Table 20: North America Market Value (US$ million) and Forecast By Application, 2023 to 2033
Table 21: Latin America Market Value (US$ million) by Country, 2018 to 2022
Table 22: Latin America Market Value (US$ million) and Forecast by Country, 2023 to 2033
Table 23: Latin America Market Value (US$ million) By Type, 2018 to 2022
Table 24: Latin America Market Value (US$ million) and Forecast By Type, 2023 to 2033
Table 25: Latin America Market Value (US$ million) By Engine Power, 2018 to 2022
Table 26: Latin America Market Value (US$ million) and Forecast By Engine Power, 2023 to 2033
Table 27: Latin America Market Value (US$ million) By Digging Depth, 2018 to 2022
Table 28: Latin America Market Value (US$ million) and Forecast By Digging Depth, 2023 to 2033
Table 29: Latin America Market Value (US$ million) By Application, 2018 to 2022
Table 30: Latin America Market Value (US$ million) and Forecast By Application, 2023 to 2033
Table 31: Europe Market Value (US$ million) by Country, 2018 to 2022
Table 32: Europe Market Value (US$ million) and Forecast by Country, 2023 to 2033
Table 33: Europe Market Value (US$ million) By Type, 2018 to 2022
Table 34: Europe Market Value (US$ million) and Forecast By Type, 2023 to 2033
Table 35: Europe Market Value (US$ million) By Engine Power, 2018 to 2022
Table 36: Europe Market Value (US$ million) and Forecast By Engine Power, 2023 to 2033
Table 37: Europe Market Value (US$ million) By Digging Depth, 2018 to 2022
Table 38: Europe Market Value (US$ million) and Forecast By Digging Depth, 2023 to 2033
Table 39: Europe Market Value (US$ million) By Application, 2018 to 2022
Table 40: Europe Market Value (US$ million) and Forecast By Application, 2023 to 2033
Table 41: East Asia Market Value (US$ million) by Country, 2018 to 2022
Table 42: East Asia Market Value (US$ million) and Forecast by Country, 2023 to 2033
Table 43: East Asia Market Value (US$ million) By Type, 2018 to 2022
Table 44: East Asia Market Value (US$ million) and Forecast By Type, 2023 to 2033
Table 45: East Asia Market Value (US$ million) By Engine Power, 2018 to 2022
Table 46: East Asia Market Value (US$ million) and Forecast By Engine Power, 2023 to 2033
Table 47: East Asia Market Value (US$ million) By Digging Depth, 2018 to 2022
Table 48: East Asia Market Value (US$ million) and Forecast By Digging Depth, 2023 to 2033
Table 49: East Asia Market Value (US$ million) By Application, 2018 to 2022
Table 50: East Asia Market Value (US$ million) and Forecast By Application, 2023 to 2033
Table 51: South Asia & Oceania Market Value (US$ million) by Country, 2018 to 2022
Table 52: South Asia & Oceania Market Value (US$ million) and Forecast by Country, 2023 to 2033
Table 53: South Asia & Oceania Market Value (US$ million) By Type, 2018 to 2022
Table 54: South Asia & Oceania Market Value (US$ million) and Forecast By Type, 2023 to 2033
Table 55: South Asia & Oceania Market Value (US$ million) By Engine Power, 2018 to 2022
Table 56: South Asia & Oceania Market Value (US$ million) and Forecast By Engine Power, 2023 to 2033
Table 57: South Asia & Oceania Market Value (US$ million) By Digging Depth, 2018 to 2022
Table 58: South Asia & Oceania Market Value (US$ million) and Forecast By Digging Depth, 2023 to 2033
Table 59: South Asia & Oceania Market Value (US$ million) By Application, 2018 to 2022
Table 60: South Asia & Oceania Market Value (US$ million) and Forecast By Application, 2023 to 2033
Table 61: MEA Market Value (US$ million) by Country, 2018 to 2022
Table 62: MEA Market Value (US$ million) and Forecast by Country, 2023 to 2033
Table 63: MEA Market Value (US$ million) By Type, 2018 to 2022
Table 64: MEA Market Value (US$ million) and Forecast By Type, 2023 to 2033
Table 65: MEA Market Value (US$ million) By Engine Power, 2018 to 2022
Table 66: MEA Market Value (US$ million) and Forecast By Engine Power, 2023 to 2033
Table 67: MEA Market Value (US$ million) By Digging Depth, 2018 to 2022
Table 68: MEA Market Value (US$ million) and Forecast By Digging Depth, 2023 to 2033
Table 69: MEA Market Value (US$ million) By Application, 2018 to 2022
Table 70: MEA Market Value (US$ million) and Forecast By Application, 2023 to 2033
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List Of Figures
Figure 1: Global Market Value (US$ million) Forecast, 2023 to 2033
Figure 2: Global Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 3: Global Market Value (US$ million) by Region, 2023 & 2033
Figure 4: Global Market Y-o-Y Growth Rate by Region, 2023 to 2033
Figure 5: Global Market Value (US$ million) By Type, 2023 & 2033
Figure 6: Global Market Y-o-Y Growth Rate By Type, 2023 to 2033
Figure 7: Global Market Value (US$ million) By Engine Power, 2023 & 2033
Figure 8: Global Market Y-o-Y Growth Rate By Engine Power, 2023 to 2033
Figure 9: Global Market Value (US$ million) By Digging Depth, 2023 & 2033
Figure 10: Global Market Y-o-Y Growth Rate By Digging Depth, 2023 to 2033
Figure 11: Global Market Value (US$ million) By Application, 2023 & 2033
Figure 12: Global Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 13: North America Market Value (US$ million) Forecast, 2023 to 2033
Figure 14: North America Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 15: North America Market Value (US$ million) by Country, 2023 & 2033
Figure 16: North America Market Y-o-Y Growth Rate by Country, 2023 to 2033
Figure 17: North America Market Value (US$ million) By Type, 2023 & 2033
Figure 18: North America Market Y-o-Y Growth Rate By Type, 2023 to 2033
Figure 19: North America Market Value (US$ million) By Engine Power, 2023 & 2033
Figure 20: North America Market Y-o-Y Growth Rate By Engine Power, 2023 to 2033
Figure 21: North America Market Value (US$ million) By Digging Depth, 2023 & 2033
Figure 22: North America Market Y-o-Y Growth Rate By Digging Depth, 2023 to 2033
Figure 23: North America Market Value (US$ million) By Application, 2023 & 2033
Figure 24: North America Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 25: North America Market Attractiveness Analysis by Country, 2023 to 2033
Figure 26: North America Market Attractiveness Analysis By Type, 2023 to 2033
Figure 27: North America Market Attractiveness Analysis By Engine Power, 2023 to 2033
Figure 28: North America Market Attractiveness Analysis By Digging Depth, 2023 to 2033
Figure 29: North America Market Attractiveness Analysis By Application, 2023 to 2033
Figure 30: Latin America Market Value (US$ million) Forecast, 2023 to 2033
Figure 31: Latin America Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 32: Latin America Market Value (US$ million) By Country, 2023 & 2033
Figure 33: Latin America Market Y-o-Y Growth Rate by Country, 2023 to 2033
Figure 34: Latin America Market Value (US$ million) By Type, 2023 & 2033
Figure 35: Latin America Market Y-o-Y Growth Rate By Type, 2023 to 2033
Figure 36: Latin America Market Value (US$ million) By Engine Power, 2023 & 2033
Figure 37: Latin America Market Y-o-Y Growth Rate By Engine Power, 2023 to 2033
Figure 38: Latin America Market Value (US$ million) By Digging Depth, 2023 & 2033
Figure 39: Latin America Market Y-o-Y Growth Rate By Digging Depth, 2023 to 2033
Figure 40: Latin America Market Value (US$ million) By Application, 2023 & 2033
Figure 41: Latin America Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 42: Latin America Market Attractiveness Analysis by Country, 2023 to 2033
Figure 43: Latin America Market Attractiveness Analysis By Type, 2023 to 2033
Figure 44: Latin America Market Attractiveness Analysis By Engine Power, 2023 to 2033
Figure 45: Latin America Market Attractiveness Analysis By Digging Depth, 2023 to 2033
Figure 46: Latin America Market Attractiveness Analysis By Application, 2023 to 2033
Figure 47: Europe Market Value (US$ million) Forecast, 2023 to 2033
Figure 48: Europe Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 49: Europe Market Value (US$ million) By Country, 2023 & 2033
Figure 50: Europe Market Y-o-Y Growth Rate by Country, 2023 to 2033
Figure 51: Europe Market Value (US$ million) By Type, 2023 & 2033
Figure 52: Europe Market Y-o-Y Growth Rate By Type, 2023 to 2033
Figure 53: Europe Market Value (US$ million) By Engine Power, 2023 & 2033
Figure 54: Europe Market Y-o-Y Growth Rate By Engine Power, 2023 to 2033
Figure 55: Europe Market Value (US$ million) By Digging Depth, 2023 & 2033
Figure 56: Europe Market Y-o-Y Growth Rate By Digging Depth, 2023 to 2033
Figure 57: Europe Market Value (US$ million) By Application, 2023 & 2033
Figure 58: Europe Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 59: Europe Market Attractiveness Analysis by Country, 2023 to 2033
Figure 60: Europe Market Attractiveness Analysis By Type, 2023 to 2033
Figure 61: Europe Market Attractiveness Analysis By Engine Power, 2023 to 2033
Figure 62: Europe Market Attractiveness Analysis By Digging Depth, 2023 to 2033
Figure 63: Europe Market Attractiveness Analysis By Application, 2023 to 2033
Figure 64: East Asia Market Value (US$ million) Forecast, 2023 to 2033
Figure 65: East Asia Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 66: East Asia Market Value (US$ million) By Country, 2023 & 2033
Figure 67: East Asia Market Y-o-Y Growth Rate by Country, 2023 to 2033
Figure 68: East Asia Market Value (US$ million) By Type, 2023 & 2033
Figure 69: East Asia Market Y-o-Y Growth Rate By Type, 2023 to 2033
Figure 70: East Asia Market Value (US$ million) By Engine Power, 2023 & 2033
Figure 71: East Asia Market Y-o-Y Growth Rate By Engine Power, 2023 to 2033
Figure 72: East Asia Market Value (US$ million) By Digging Depth, 2023 & 2033
Figure 73: East Asia Market Y-o-Y Growth Rate By Digging Depth, 2023 to 2033
Figure 74: East Asia Market Value (US$ million) By Application, 2023 & 2033
Figure 75: East Asia Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 76: East Asia Market Attractiveness Analysis by Country, 2023 to 2033
Figure 77: East Asia Market Attractiveness Analysis By Type, 2023 to 2033
Figure 78: East Asia Market Attractiveness Analysis By Engine Power, 2023 to 2033
Figure 79: East Asia Market Attractiveness Analysis By Digging Depth, 2023 to 2033
Figure 80: East Asia Market Attractiveness Analysis By Application, 2023 to 2033
Figure 81: South Asia & Oceania Market Value (US$ million) Forecast, 2023 to 2033
Figure 82: South Asia & Oceania Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 83: South Asia & Oceania Market Value (US$ million) By Country, 2023 & 2033
Figure 84: South Asia & Oceania Market Y-o-Y Growth Rate by Country, 2023 to 2033
Figure 85: South Asia & Oceania Market Value (US$ million) By Type, 2023 & 2033
Figure 86: South Asia & Oceania Market Y-o-Y Growth Rate By Type, 2023 to 2033
Figure 87: South Asia & Oceania Market Value (US$ million) By Engine Power, 2023 & 2033
Figure 88: South Asia & Oceania Market Y-o-Y Growth Rate By Engine Power, 2023 to 2033
Figure 89: South Asia & Oceania Market Value (US$ million) By Digging Depth, 2023 & 2033
Figure 90: South Asia & Oceania Market Y-o-Y Growth Rate By Digging Depth, 2023 to 2033
Figure 91: South Asia & Oceania Market Value (US$ million) By Application, 2023 & 2033
Figure 92: South Asia & Oceania Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 93: South Asia & Oceania Market Attractiveness Analysis by Country, 2023 to 2033
Figure 94: South Asia & Oceania Market Attractiveness Analysis By Type, 2023 to 2033
Figure 95: South Asia & Oceania Market Attractiveness Analysis By Engine Power, 2023 to 2033
Figure 96: South Asia & Oceania Market Attractiveness Analysis By Digging Depth, 2023 to 2033
Figure 97: South Asia & Oceania Market Attractiveness Analysis By Application, 2023 to 2033
Figure 98: MEA Market Value (US$ million) Forecast, 2023 to 2033
Figure 99: MEA Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 100: MEA Market Value (US$ million) By Country, 2023 & 2033
Figure 101: MEA Market Y-o-Y Growth Rate by Country, 2023 to 2033
Figure 102: MEA Market Value (US$ million) By Type, 2023 & 2033
Figure 103: MEA Market Y-o-Y Growth Rate By Type, 2023 to 2033
Figure 104: MEA Market Value (US$ million) By Engine Power, 2023 & 2033
Figure 105: MEA Market Y-o-Y Growth Rate By Engine Power, 2023 to 2033
Figure 106: MEA Market Value (US$ million) By Digging Depth, 2023 & 2033
Figure 107: MEA Market Y-o-Y Growth Rate By Digging Depth, 2023 to 2033
Figure 108: MEA Market Value (US$ million) By Application, 2023 & 2033
Figure 109: MEA Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 110: MEA Market Attractiveness Analysis by Country, 2023 to 2033
Figure 111: MEA Market Attractiveness Analysis By Type, 2023 to 2033
Figure 112: MEA Market Attractiveness Analysis By Engine Power, 2023 to 2033
Figure 113: MEA Market Attractiveness Analysis By Digging Depth, 2023 to 2033
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What was the Global Backhoe Rental Market Size Reported by Fact.MR for 2022?
The global backhoe rental was valued at US$ 586.2 million in 2022.
What are the Regions Included in the Backhoe Rental Market Study?
The regions included in the backhoe rental study include North America, Latin America, Middle East & Africa, South Asia & Oceania, East Asia, and Europe.
Who are the Major Players Operating in the Backhoe Rental Market?
Prominent players in the market are BlueLine Rental, Herc Rentals, Home Depot Rentals, Neff Rental, Sunbelt Rentals, and United Rentals among others.
What is the Estimated Valuation of the Backhoe Rental Markwt in 2033?
The market is expected to reach a valuation of US$ 931.4 million in 2033.
What Value CAGR did the Backhoe Rental Market Exhibit Over the Last Five Years?
The historic growth rate of backhoe rental was 4.4% from 2018-2022.
Backhoe Rental Market