Reportstack has announced a new 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,”.
“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, the 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.
To view the table of contents and know more details please visit Global Skid-steer Loader Market 2015-2019.