Global Skid-steer Loader Market 2015-2019
About Skid-steer Loaders
Skid-steer loaders are a type of loaders that are used in the Construction industry for carrying out various tasks on the construction site. Skid-steer loaders are compact in size, sport a small rigid frame, and an engine-powered machine with lift arms. They are fitted with attachments and labor-saving tools. Skid-steer loaders are highly maneuverable because of their compact size, and their ability to support attachments make them versatile in nature.
TechNavio's analysts forecast the Global Skid-steer Loader market to grow at a CAGR of 10.35 percent over the period 2014-2019.
Covered in this Report
This report covers the present scenario and the growth prospects of the Global Skid-steer Loader market for the period 2015-2019. The report includes historical sales of skid-steer loaders in the global market. The market size is determined by the revenue generated by sales of skid-steer loaders. In addition, the report discusses the major drivers that influence the growth of the market, the challenges faced by vendors and the market at large, and the key trends emerging in the market. Key Countries
TechNavio Announces the Publication of its Research Report – Global Skid-steer Loader Market 2015-2019
TechNavio recognizes the following companies as the key players in the Global Skid-steer Loader Market: Bobcat Co., Case CE, Caterpillar Inc., Deere & Co. and Komatsu Ltd.
Other Prominent Vendors in the market are: Gehl, Hitachi Construction Machinery, JCB and Volvo.
Commenting on the report, an analyst from TechNavio’s team said: “The growth of the equipment rental business is one of the major trends emerging in the market. The high prices of earthmoving equipment have led to vendors providing equipment on a rental basis, making it cost-effective for customers.”
According to the report, one of the key drivers of this market is the urban development in the emerging Construction markets. The urban development has led to a rise in the number of construction projects in emerging markets such as the BRICS countries and GCC countries, escalating the demand for skid-steer loaders.
Further, the report states that the rise in manufacturing costs is one of the major challenges in the market. The manufacturing of skid-steer loaders requires a high level of initial investment. Moreover, the increase in the price of raw materials raises the manufacturing cost of the equipment while shrinking the profit margin of manufacturers.
Bobcat, Case, Caterpillar, Deere, Komatsu , Gehl , Hitachi Construction Machinery, JC Bamford Excavators, Volvo
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