New Market Report: Skid-steer Loader Market in North America 2015-2019

From: Fast Market Research, Inc.
Published: Sun Aug 30 2015

Fast Market Research announces the availability of Technavio's new report "Skid-steer Loader Market in North America 2015-2019" on their comprehensive research portal.

North America is the largest market for skid-steer loaders and accounted for 55.35% of the global market in 2014. The North America skid-steer loader market declined during the period 2008-2009 because of the recession in US. However, the market regained its growth since 2010.

Technavio's analysts forecast the skid-steer loader market in North America to grow at a CAGR of 12.98% over the period 2014-2019.

Get More Details on this Report and a Full Table of Contents at Skid-steer Loader Market in North America 2015-2019

The report analyst commented, "Equipment rental has become an attractive option for construction companies, primarily SMEs, which have financial constraints. To leverage the growing equipment rental market, international companies, such as Caterpillar and Volvo Construction Equipment, are offering their construction equipment on a rental basis to their clients. Skid-steer loaders can be leased on a daily or yearly basis. Moreover, the average lifetime of the equipment is more than its lease period. Therefore, equipment rental helps construction companies to utilize the most recent innovations in construction equipment without spending on equipment ownerships."

According to the report, the earthmoving equipment market in North America is expected to grow during the period 2015-2019. The earthmoving equipment industry is the backbone of the infrastructure construction sector. Advances in technology have helped to improve the efficiency of earthmoving equipment, leading to accurate and cost-effective methods for the construction of complex high-quality infrastructure. In addition, these equipment reduce labor costs and total construction time, thereby driving the market growth.

Further, the report states that the requirement of high initial investment to manufacture the equipment affects the cost of ownership of skid-steer loader equipment, which further reduces the profit margins of manufacturers.

The key players in the Skid-steer Loader Market in North America are Bobcat, Case Constructions, Caterpillar, Deere and Komatsu while other prominent vendors include Gehl, Hitachi Construction Machinery, JCB and Volvo

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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