Technavio Announces Top Five Vendors in the Global Skid-Steer Loader Market from 2016 to 2020
By Business Wire News
By Business Wire News
Technavio has announced the top five leading vendors in their recentglobal skid-steer loader marketreport. This research report also lists eight other prominent vendors that are expected to impact the market during the forecast period.
Competitive vendor landscape
Technavio analysts predict the global skid-steer loader market to generate a revenue of over USD 5 billion by 2020, growing at a CAGR of more than 8%. Increased investment in infrastructure development across the globe and a rise in tourism development is driving the construction industry, which in turn will drive the demand for skid-steer loaders. The steadily growing demand has made the market favorable for both regional and international vendors, wherein international vendors dominate the market at present. Other prominent vendors in the market are LiuGong Machinery, Lonking, JCB, Liebherr, Doosan Infracore, Hitachi Construction Machinery, Deere and Company, and Hyundai Heavy Industries.
Soumya Mutsuddi, lead construction industry analyst at Technavio, says, “Earthmoving equipment manufacturers are focusing on producing skid-steer loaders that are suitable for customers’ local environmental conditions. The equipment has to meet customer requirements in terms of productivity and price as well.”
The report also states that earthmoving equipment manufacturers are likely to face intense competition in future because of growing demand from urban markets as skid-steer loaders can be used in diverse industries such as construction, logistics, and material handling.
Top five global skid-steer loader market vendors
Bobcat, founded in 1947, designs, manufactures, and supplies compact equipment for the global construction, landscaping, agriculture, industrial, mining, rental, ground maintenance, and utility markets.
Bobcat offers products such as loaders, including skid-steer and compact track loaders; and compact excavators, utility vehicles, utility work machines, and telehandlers.
Case Construction, a subsidiary of CNH Industrial, was founded in 1842 and is headquartered in Racine, Wisconsin, US. The company is engaged in the manufacture and sales of construction equipment. Their products include backhoe loaders, compact track loaders, skid-steer loaders, telehandlers, mini-excavators, and crawler excavators. They also offer aftermarket services and financing solutions.
The company markets its product offerings through dealers and distributors, serving the residential construction, agriculture, roads and bridges, landscaping, government, non-residential construction, and rental industries.
Case Construction has an established presence in the skid steers sector with more than 250,000 units delivered globally as of 2014. The company offers skid-steer loaders based on their operating load capacities under three categories:
- Under 1,800 lbs
- 1,800-2,200 lbs
- Over 2,200 lbs
Caterpillar was established in 1925 and is headquartered in Peoria, Illinois, US. They manufacture and sell construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives worldwide.
Their financial products segment offers retail and wholesale financing mainly for Caterpillar equipment, machinery, and engines, also offering property, casualty, life, accident, and health insurance and insurance brokerage services.
The company offers different models of skid-steer loaders across the globe. The models can be compared based on various parameters such as engine model, horse power, torque, and bore.
Komatsu was incorporated in 1921 and is headquartered in Tokyo, Japan. The company is primarily engaged in the design, manufacturing, and selling of a wide range of industrial products and services. The company has manufacturing facilities located in Japan, the US, the UK, Brazil, Sweden, Germany, Indonesia, India, Thailand, and Russia.
Komatsu provides its products and services through two operating segments:
- Construction, mining, and utility equipment
- Industrial machinery and others
Terex was incorporated in 1986 and is headquartered in Westport, US. They design, manufacture, and market equipment and solutions for the infrastructure, construction, mining, quarrying, transportation, manufacturing, utility, and energy industries. Some of its well-known brands are Genie, Powerscreen, and Terex.
Browse Related Reports:
- Skid-steer Loader Market in APAC 2015-2019
- Skid-steer Loader Market in North America 2015-2019
- Earthmoving Equipment Market in Italy 2015-2019
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Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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