Research and Markets: North America Skid-steer Loader Market 2015-2019 – Key Vendors are Bobcat, Case Constructions, Caterpillar, Deere & Komatsu
By Business Wire News
By Business Wire News
Research and Markets (http://www.researchandmarkets.com/research/tncn69/skidsteer_loader) has announced the addition of the “Skid-steer Loader Market in North America 2015-2019” report to their offering.
The skid-steer loader market in North America is to grow at a CAGR of 12.98% over the period 2014-2019.
The report, the Skid-steer Loader Market in North America 2015-2019, has been prepared based on in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
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 the US. However, the market regained its growth since 2010.
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, this equipment reduces 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.
– Case Constructions
Other Prominent Vendors
– Hitachi Construction Machinery
For more information visit http://www.researchandmarkets.com/research/tncn69/skidsteer_loader
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Sector: Excavation and Earthmoving Equipment