Rockville, MD -- (SBWIRE) -- 05/22/2019 -- The  compact track loader market is anticipated to reach a market size of USD 4461 Mn by 2028, as per a research study published by Fact.MR for the forecast period of 2018 to 2028. The compact track loader market is foreseen to exploit striking opportunities from the growing constructional activities across the globe. Key players in the compact track loader market such as Deere and Co. and Caterpillar Inc. have recognized construction to be a highly attractive segment, primarily in developing regions such as India, China, and Indonesia. Construction industry segment alone contributes to around 49% of the total market share in 2018, which makes it stand out as a remunerative segment in the compact track loader market.

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The compact track loader market has been segmented on the basis of lift path, operating capacity, engine capacity, application, and region. On the basis of lift path, Compact track loader market has been segmented as radial path and vertical path. Based on operating capacity, the compact track loader market has been classified as less than 2000 lbs, 2000-3000 lbs, and above 3000 lbs. By engine capacity, the compact track loader market has been classified as up to 65 HP, 65-80 HP, and above 80 HP. Compact track loader market finds extensive application across areas such as construction, landscape and maintenance, agriculture and forestry, mining, and others. The scope of compact track loader market has been gauged across regions of North America, Latin America, Europe, CIS and Russia, Japan, APEJ, and MEA.

APEJ is estimated to prosper in the compact track loader market owing to high infrastructure investments. As per industry estimates, around 70% of the global infrastructure investments is pumped in emerging economies. There is a huge demand for commercial and residential construction projects, which is foreseen to augur well for the construction equipment industry. APEJ is anticipated to grow at a CAGR of 3.6% in the compact track loader market during the forecast timeline, which is likely to present attractive opportunities for key players of compact track loader market to leverage.  

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Agriculture is also foreseen to be an attractive segment in the compact track loader market and is poised to create untapped opportunities for market players of compact track loader market. Agriculture is rapidly expanding in terms of productivity and technology, which is creating a massive demand for technically-advanced equipment. The wave of agricultural demand and enhanced agricultural output owing to the expanding population seems to bode well for proliferation of compact track loader market.

PEJ is estimated to prosper in the compact track loader market owing to high infrastructure investments. As per industry estimates, around 70% of the global infrastructure investments is pumped in emerging economies. There is a huge demand for commercial and residential construction projects, which is foreseen to augur well for the construction equipment industry. APEJ is anticipated to grow at a CAGR of 3.6% in the compact track loader market during the forecast timeline, which is likely to present attractive opportunities for key players of compact track loader market to leverage.  

American Giants Scouting for Opportunities Created by Construction Projects in Emerging Nations

Key American companies operating in the compact track loader market are capitalizing on the sprouting construction projects in developing economies such as China and India. Caterpillar, one of prominent companies operating in the compact track loader market, observed that nearly half of its sales upturn came from construction and recognized China to be a 'crucial' contributor. In the 4th quarter of 2017, Caterpillar recorded that sales in APAC rise 22 percent year on year. According to the company, the surging building construction and infrastructure investment across budding economies is one of the primary reasons for this to happen.

 Key companies operating in compact track loader market and profiled in the report on compact track loader market include Caterpillar Inc., Deere & Co., Komatsu Ltd., Volvo Construction Equipment and Services Inc., Doosan Bobcat Inc., Yanmar Co. Ltd, CNH Industrial N.V, JCB, Inc., Kubota Corporation, Wacker Neuson SE, Kato Works Co. Ltd., Takeuchi Construction Machinery, Zhejiang Hero Time Machinery, and Sany Heavy Industry Co. Ltd.

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