Technavio Announces Top Five Vendors in the Global Skid-Steer Loader Market from 2016 to 2020
has announced the top five leading vendors in their recent global
skid-steer loader market report. 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
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
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
Under 1,800 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
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
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.
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than 500 technologies across 80 countries. Technavio has about 300
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research assignments across the latest leading edge technologies.
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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