London, 4 August 2015: Technavio, the independent tech-focused global research firm, has published a report on the skid-steer loader market in APAC 2015-2019, which is expected to grow at a CAGR of 6.59% during the forecast period of 2014-2019.
Growth in the earthmoving equipment sector is expected to positively influence the market for skid-steer loader in APAC. These equipment are useful in executing projects in the infrastructure sector including transportation, energy, residential, and commercial projects. Recent technological innovations have helped in increasing the efficiency of earthmoving equipment. Thereby, leading to the development of precise and cost-effective methods for the construction of complex high-quality infrastructure.
“To improve organizational sales and promote purchase, skid-steer loader manufacturers are providing incentives, such as free complimentary attachments, accessories, extended warranty periods, customization options and supporting equipment on bulk orders,” says Faisal Ghaus, Vice President of Technavio.
“Such incentives make the purchase of equipment more attractive and cost-effective for buyers. For instance, in June 2015, Case Construction Equipment announced a three-year, 3,000-hour factory warranty on an entire line of skid-steers and compact track loaders.”
Key Market Drivers:
- Growth of Earthmoving Equipment Market
- Versatility of Skid-steer Loaders
- Increased Investment in Infrastructure Development
Key Market Trends:
- Growth of Equipment Rental Business
- Increased Demand for Energy-efficient Skid-steer Loaders
- Increase in Equipment Purchase Incentives
Key Market Vendors:
- Bobcat Co.
- Case CE
- Caterpillar Inc.
- Deere & Co.
- Komatsu Ltd.
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges, and trends featuring data on product segmentations, vendor shares, growth rate by revenue, and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
