Steer Loader Industry to Develop Rapidly at CAGR of about 8% by 2022

Market research future published a half cooked research report on Global Skid steer loader market. The skid steer loader market is expected to grow over the CAGR of around 8% during the period 2016 to 2022.

Market Highlights

The growth of the global skid steer loader market due to the boom of the construction industry with the increasing urbanization. This increase in urbanization has led to the rise in the number of construction projects in developing nations, thereby escalating the demand for skid-steer loaders. The huge cost of equipment is leading to the growth of the rental business, making it one of the major trends emerging in the market. Having equipment on rental basis is a cost-effective alternative for a customer that also promotes the growth of the market. However, the rise in manufacturing costs of loaders due to the increase in the price of raw materials, shrinks the profit margin of manufacturers, thus acting as a restraint to the growth of the market.

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Market Research Analysis

Among all applications, the infrastructure sector is expected to be the largest market segment during the forecast period. Increasing investments in the infrastructure sector by various governments across the globe is estimated to enhance the growth of the market during the forecast period. Being aided by the construction industry is also expected to contribute to the growth of the global skid steer loader market.

North America region is expected to dominate the global skid steer loader market with the highest CAGR, owing to the huge expenditure on R&D by the established players in the region such as Bobcat Company and Caterpillar Inc. Asia-Pacific region is also expected to grow due to heavy investments in the construction of infrastructure such as the construction of roads, residential areas and ports in the region. In developing economies such as China, huge infrastructural investments are made in educational, healthcare and transportation projects, which are further expected to boost the skid steer loader market in the region.

Scope of the Report

This study provides an overview of the global skid steer loader market, tracking one market segment across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the Global Skid steer loader market by its application and region.

By Application
Infrastructure Sector
Residential Sector

By Region
North America 
Asia Pacific 
Europe
Rest of the World  
Key Players

The key players of skid steer loader market are Bobcat Company (U.S.), Case CE (Netherlands), Caterpillar Inc. (U.S.), Komatsu Ltd. (Japan), Terex Corporation (U.S.), LiuGong Machinery Co., Ltd. (China), Lonking Holdings Limited (China), J C Bamford Excavators Ltd. (U.K.), Liebherr Group (Switzerland)  Hitachi, Ltd. (Japan) and others.

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This release was published on openPR.