About skid steer Skid-steer loaders used to perform a variety of tasks in the construction industry, such as digging and lifting. They can be easily fitted with a variety of attachments to perform different tasks on construction sites. They are highly maneuverable because of their compact size, and the ability to support attachments make them even more versatile. The operating capacity of a skid-steer loader can range from 0.25 to 2 metric tons.
The rise in investment in the construction industry in Brazil, which grew by 15.05% in 2014, is driving the demand for skid-steer loaders in Brazil. Also, the forthcoming Summer Olympic Game 2016, which will be hosted by Rio de Janeiro, is further leading to rise in investment in the construction industry.
Government initiative towards upgradation of transport infrastructure will be one of the major factors contributing to the growth of the skid steer market. Brazil has inefficient transport infrastructure facilities which is hampering the country's growth a large extent. Further, with the upcoming sporting events in the country, it has become utmost important for the government to invest highly towards the development of the transport infrastructure.
Further, the government has also announced plan to invest over $50 billion in various infrastructure project through concession model, thereby encouraging private sector to invest in the construction industry. However, Brazil's slow economic growth which is leading the country into the recession is one of the major challenge posed by the construction and equipment industry. The economy is presently witnessing a budget deficit which will not only lower the government spending in the coming two to three years in the construction industry, but is also leading to high unemployment rate in country. This is highly impacting the construction and equipment industry. Also, construction sector being a labor intensive industry is witnessing a huge shortage of skilled labor.
Technavio's analysts forecast the skid steer market in Brazil to grow at a CAGR of 11.61 percent over the period 2014-2019.
Covered in this report This report covers the present scenario and the growth prospects of the skid steer market in Brazil for the period 2015-2019. The market size has been calculated based on the total revenue generated from the sale of skid steer in the country. It does not consider the sale of used equipment and the revenue generated from contracts and maintenance.
The report also presents the detailed analysis of the four key vendors in the market. In addition, it discusses the major drivers that influence the growth of the market. It also outlines the challenges faced by vendors and the market at large, as well as the key trends emerging in the market.
Key Vendors - Case construction - Caterpillar - Terex - Volvo Construction Equipment - XCMG
Other prominent vendors - Doosan Heavy Industries & Construction - Gehl - Hitachi Construction Machinery - JCB - Komatsu - Sany Group - Wacker Neuson
Market driver - Infrastructure financing scheme - For a full, detailed list, view our report
Market challenge - Economic slowdown - For a full, detailed list, view our report
Market trend - Growth in equipment rental market - For a full, detailed list, view our report.
Key Questions Answered in this Report - What will the market size be in 2019 and what will the growth rate be? - What are the key market trends? - What is driving this market? - What are the challenges to market growth? - Who are the key vendors in this market space? - What are the market opportunities and threats faced by the key vendors?
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