- The key vendors in the Global Skid-steer Loader Market 2015-2019 are Bobcat Co., Case CE, Caterpillar Inc., Deere & Co. and Komatsu Ltd.
London, 03 February 2015: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Global Skid-steer Loader Market 2015-2019. 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. The market is expected to grow at a CAGR of 10.35 percent during the forecast period of 2014-2019.
Skid-steer loaders are used in the Construction industry to perform a variety of tasks on the construction site. They are compact in size, have a small rigid frame, and have an engine-powered machine with lift arms. They can be easily fitted with attachments and labor-saving tools to perform several tasks.
Skid-steer loaders can perform operations such as breaking concrete, cutting trenches, digging postholes, hauling earth, palletizing material, and radial and vertical lifting. These loaders are widely used in waste management operations because of their compact size and their ability to fit into confined spaces.
“Manufacturers are focused on the development of energy-efficient and technologically advanced skid-steer loaders,” says Faisal Ghaus, Vice President of TechNavio Research.
“The R&D efforts of equipment manufacturing companies have led to the development of energy-efficient and low-emission skid-steer loaders.”
To define the market conditions 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.
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