Doosan Bobcat expecting 19% NA sales boost this year
Doosan Bobcat boosted a global sales increase of 8 % in Q4 鈥� including a 9 % increase in North America. The company鈥檚 total of 2020 sales saw a 6.2 % decline.
According to a company news release, the company expects sales this year to continue to rebound 鈥� so much so it鈥檚 expecting a nearly 19 % sales growth in North America, growing from $2,664 million in 2020 to $3,174 million by the end of 2021.
In making this forecast, Doosan Bobcat anticipates the US housing market to remain strong along and federal infrastructure investment to increase. It also expects increased sales of its new R-Series compact track loaders and skid steers, along with its compact excavators. the company also reported that Ninety-four of the company鈥檚 2020 revenues came from compact equipment.
Written from a company news release.
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