According to a research study released by Fact.MR for the forecast period of 2018 to 2028, the worldwide compact track loader market is expected to reach USD 4461 Mn by 2028. The small track loader market is expected to benefit significantly from rising construction activity around the world.
Construction is a highly appealing category for key participants in the global compact track loader market, such as Deere & Co. and Caterpillar Inc., mainly in developing regions such as India, China, and Indonesia. In 2018, the construction sector category alone accounted for roughly 49% of the entire market share, making it a lucrative segment in the compact track loader market.
Trade Retaliations Could Impact Agricultural Machinery Sales in US, Might Pose a Challenge for Compact Track Loader Market
The current trade tensions between the United States and other nations are expected to have a negative impact on agricultural equipment sales, including compact track loaders.
Imposing high tariffs on steel and aluminium imports is expected to have a significant impact on the agriculture machinery and equipment industry in the United States. As a result, the compact track loader market may see a wave of stress.
The agricultural equipment business is expected to suffer as a result of trade tensions, as China may contemplate imposing tit-for-tat taxes on U.S. items, including agricultural exports.
American Giants Scouting for Opportunities Created by Construction Projects in Emerging Nations
Key American compact track loader manufacturers are cashing in on the burgeoning construction projects in developing markets like China and India.
Caterpillar, one of the most well-known businesses in the compact track loader sector, noted that construction accounted for about half of its sales growth, and China was a “crucial” component.
Caterpillar reported a 22 percent increase in sales in APAC in the fourth quarter of 2017.
One of the key reasons for this, according to the business, is the surge in building construction and infrastructure investment throughout developing nations.
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