BIG PER­FOR­MANCE IN A SMALL PACK­AGE

The ver­sa­til­ity of skid-steer and com­pact track load­ers are aug­mented by their sizes and ma­noeu­vra­bil­ity

PMV Middle East - - EDITOR'S BRIEF -

Ac­cord­ing to a mar­ket re­search re­port com­piled by Fact.mr, the global skid steer loader mar­ket is ex­pected to wit­ness slug­gish growth, grow­ing at a CAGR of 3.1% in terms of value. By the end of 2026, the mar­ket is also pro­jected to bring in $3.2 bil­lion of rev­enue. In terms of vol­ume, 134,517 skid steer load­ers are pro­jected to be sold glob­ally.

The re­port in­di­cates that high ini­tial in­vest­ment to own skid steer load­ers is re­strict­ing its mar­ket growth. How­ever, ven­dors are pro­vid­ing fi­nanc­ing op­tions to in­crease sales. This also re­sults in the min­i­mum im­pact on the bud­get of com­pa­nies to own the equip­ment.

De­spite slow growth in the skid-steer mar­ket dur­ing 2018, JCB has a pos­i­tive out­look for its skid-steer load­ers, with the in­tro­duc­tion of en­hanced safety fea­tures, par­tic­u­larly the sin­gle boom and side en­try. Skid steers are an im­por­tant prod­uct of­fer­ing for JCB in the Mid­dle East, rep­re­sent­ing 15–18% of the over­all con­struc­tion equip­ment mar­ket with an an­nual vol­ume po­ten­tial of 3000 ma­chines. The main cus­tomers of these ma­chines have been con­struc­tion con­trac­tors and mu­nic­i­pal­i­ties, and re­cently, JCB has seen in­creas­ing de­mand from the land­scap­ing in­dus­try. One of JCB'S prod­uct in­no­va­tions has been the Te­leskid, the world’s only sin­gle boom tele­scopic skid steer and com­pact tracked loader launched a year ago.

Al-ba­har, the ex­clu­sive Cat dealer in the Mid­dle East es­ti­mates that skid-steer load­ers with rated op­er­at­ing ca­pac­ity (ROC) of 630–690kg, such as the Cat 216 and 226 mod­els, and com­pact track load­ers with ROC of 900kg and above, such as the Cat 239D model will see in­creas­ing de­mand in the UAE mar­ket in the next few years. In ad­di­tion to the ver­sa­til­ity of these ma­chines, Cat skid- steer load­ers and com­pact wheel load­ers are built to op­er­ate un­der harsh con­di­tions such as high tem­per­a­ture, dust, and hu­mid­ity.

The com­pany's prod­uct devel­op­ment strat­egy fo­cuses on im­prove­ment in the ma­neu­ver­abil­ity, op­er­a­tor com­fort, vis­i­bil­ity, fuel con­sump­tion, and to­tal cost of own­er­ship of the com­pact ve­hi­cles.

Al-ba­har rec­om­mends in­vest­ing in skid­steer and com­pact track load­ers ac­cord­ing to work­ing con­di­tions and the job re­quire­ments. Skid-steer load­ers are suited to high mo­bil­ity and solid un­der­foot con­di­tions, and com­pact track load­ers are more suitable ma­chines for jobs that re­quire low ground pres­sure and soft un­der foot con­di­tions.

Ac­cord­ing to Fu­ture Mar­ket In­sights, the global com­pact load­ers mar­ket is es­ti­mated to be val­ued at nearly $9.6 bil­lion in the year 2017 and is pro­jected to reach a value of nearly $13.3 bil­lion by 2027, reg­is­ter­ing a CAGR of 3.3% dur­ing 2017-27, the as­sess­ment pe­riod.

By prod­uct type, the com­pact track load­ers seg­ment is es­ti­mated to be val­ued at nearly

$2.8 bil­lion in 2017 and is pro­jected to reach a val­u­a­tion of nearly $4.2 bil­lion in 2027, reg­is­ter­ing a CAGR of 4.0% dur­ing the pe­riod of as­sess­ment. By ap­pli­ca­tion, the agri­cul­ture and forestry sub-seg­ment is es­ti­mated to be val­ued at nearly $2.4 bil­lion in 2017 and is pro­jected to reach a value of nearly $ 3.2 bil­lion in 2027, reg­is­ter­ing a CAGR of 3.1%.

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