Skid Steer Market in Brazil 2015-2019

Market outlook of the skid steer market in Brazil

A skid steer loader is a compact equipment that is used to perform different tasks in the construction industry. It contains lift arms that can be fitted with attachments and laborsaving tools to perform different tasks efficiently in the construction site. The market for skid steer in Brazil is expected to post a strong market growth rate of over 11% by 2019 and is primarily driven by the recent increase in construction activities like the construction of new airports and power plants.

In this market study, Technavio’s market research analyst has estimated factors like the upcoming Summer Olympic Games to drive market growth during the next four years. Due to the upcoming Summer Olympic Games, the spending on sports infrastructure is expected to reach close to USD 240 million by 2016. The extensive construction of highways, subways, integrated sports complexes, and sports stadiums are expected to boost market growth during the forecast period.

Overview of the construction industry in Brazil