This market study by Technavio segments the skid steer loader market in EMEA by geography and includes regions like Europe, Middle East, and Africa. The report also provides an analysis of the key trends and leading vendors in this market, including Bobcat, Case, Caterpillar, Komatsu, and Terex.
Technavio has released its new market research report, skid steer loader market in EMEA, which is expected to grow at a CAGR of 6% between 2015 and 2019. Rapid urbanization and infrastructure development, in the region has accelerated the demand for skid steers loaders. Skid-steer loaders can be fitted with various attachments to perform a multitude of tasks in construction and mining sites. Europe is the largest market for skid steers in the region, accounting for 66% of the total market share. The replacement of outdated equipment with energy-efficient, powerful, and low-emission equipment is expected to drive market growth in this region during the forecast period.
“The availability of attractive financing options are rapidly gaining popularity as it helps to increase the sale of skid-steer loaders. As the ownership of skid-steer loaders involves high initial investment, many vendors are providing these equipment with attractive financing options to augment sales. This allows companies to own the equipment with minimal impact on their budget, which in turn fosters market growth during the forecast period,” says Soumya Mutsuddi, Lead Analyst, Heavy Industry, Technavio Research.
The versatility of skid-steer loaders is a significant growth-driving factor observed in this market. These loaders are highly maneuverable and can pivot 360 degrees to perform multitude of tasks in addition to their standard function of loading. Additionally, these loaders can also be fitted with attachments like an angle broom, backhoe, and auger to perform tasks such as breaking concrete, trenching, digging, palletizing, vertical lifting, and hauling.
The leading vendors in the skid steer loader market in EMEA include Bobcat, Case, Caterpillar, Komatsu, and Terex. This market is heavily dependent on the construction industry. Therefore, any increase in infrastructure development across EMEA will augment the demand for such loaders during the forecast period. The vendors in this market try to gain prominence by producing skid-steer loaders that are suitable for the customer’s local environmental conditions. These vendors are also funding equipment rental companies, which allows them to strengthen their relationship with customers.
A more detailed analysis is available in the Technavio report, Skid Steer Loader Market in EMEA 2015-2019.
We can customize this reports by other regions and specific segments upon request.
Other related reports:
