The CTL is one of the fastest growing pieces of earthmoving construction machinery, and it is often compared to a related machine, the skid steer loader (SSL). The compact track loader is essentially the same machine as the skid steer loader, with the exception of the means of locomotion: the CTL is moved by tracks while the SSL is propelled by tires. Both machines are extremely versatile, since they can be equipped with numerous attachments that allow them to work in numerous construction applications. Both machines generally target the same groups of end users.
The compact track loader has had spectacular growth, with annual sales increasing by xxxx percent in 2018 compared to 2000. In contrast, over the same time period, skid steer annual sales have fallen by xx percent. Tracks give CTLs some advantages over tires, allowing them to work on more difficult terrain, leave less of an environmental imprint, and work under more challenging weather conditions. Tracks, however, make the CTL a more costly machine, which has limited the machine’s appeal to primarily North America and some other developed economies. The popularity of the machine grew with the more general interest in compact construction machinery and with the growth of the rental sector, especially after the economic downturn and recession. Today, the CTL can be found working in just about every type of construction application, including residential and building construction, infrastructure, construction site cleanup, forestry, and even some sectors not always thought of as construction, such as agriculture and landscaping.
The table above provides a snapshot of the report’s major findings. Since our last report, the construction industry has seen a respectable if not spectacular increase in spending, with gains of x.4 percent (2017) and x.9 percent (2018). Sales of compact track loaders increased at a more robust pace—xx% in 2017 and 19% in 2018—resulting in xx,500 sales in 2018, an all-time high for the CTL. The bulk of North American sales, about xx percent in 2018, were made in the ....