Rental growth fuelling skid-steer demand
09 February 2015
The global skid-steer loader market is forecast to grow 10.4% between 2014 and 2019, according to research company Reportstack.
In its latest report, Global Skid-steer Loader Market 2015-2019, Reportstack said the growth of the equipment rental business was 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,” it said.
Compact and versatile, skid-steer loaders are used in the construction industry to perform a variety of tasks on-site, and are capable of carrying a range of tools and attachments.
“The research and development efforts of equipment manufacturing companies have led to the development of energy-efficient and low-emission skid-steer loaders,” the report added.
