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Skid Steer Loader Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Skid Steer Loader Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

  • September 2021
  • 145 pages
  • ID: 5997576
  • Format: PDF
  • IMARC Group


Table of Contents

The global skid steer loader market reached a value of US$ 2.3 Billion in 2020 and is expected to reach US$ 2.71 Billion by 2026, growing at a CAGR of 2.60% during 2021-2026. Skid steer loader refers to a compact, engine-driven loader with a small rigid frame and a lift arm attached with several additional tools. These tools commonly include hydraulic hammers, forks, buckets, stump grinder, auger, trencher, landscape rake, etc. The specialized wheel system of the loader provides greater on-place mobility and makes it suitable for all-terrain applications. Skid steer loaders offer several benefits over conventional backhoe loaders, such as improved fuel efficiency, compact size, high-load capacity and reduced carbon footprints. As a result, these loaders are widely adopted across numerous industries, such as construction, mining, agricultural, logistics, landscaping, etc.

Global Skid Steer Loader Market Trends and Drivers:
The expanding construction and mining industries are primarily augmenting the demand for skid steer loaders to perform several labor-intensive tasks, such as digging, collecting, and lifting several materials, such as debris, sand, cement, etc. Furthermore, the increasing adoption of skid steer loaders in site cleanup, material spreading, road sweeping, backfill, turf and slab preparation, etc., is also propelling the market growth. Moreover, the rising levels of urbanization coupled with the increasing investments in the development of smart cities and advanced infrastructure projects are further augmenting the demand for automated construction machinery, such as skid steer loaders. Apart from this, skid steer loaders are integrated with various agriculture-based equipment, such as manure scraper, bale handler, rotary cultivator, seeder, mower, livestock feed pusher, etc., thereby experiencing high demand in the agriculture sector.

The emergence of e-commerce platforms has propelled the adoption of skid steer loaders for numerous logistics and warehousing applications based on their compact size and heavy-weight lifting capacity. Besides this, several technological upgradations have led to the emergence of highly-advanced loaders equipped with hydraulic brakes, grapples, sweepers or angle brooms, pallet fork attachments, etc., thereby bolstering the market growth. Additionally, the rising environmental concerns have propelled the development of battery-operated skid steer loaders for reducing the carbon emissions from diesel-based loaders. In the coming years, the growing penetration of autonomous and self-driven loaders with GPS-operated control systems and wireless connectivity is expected to drive the market growth.

Key Market Segmentation:
the analyst provides an analysis of the key trends in each sub-segment of the global skid steer loader market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, operating capacity, power train and end use.

Breakup by Operating Capacity:
Up To 1,250 Lbs
1,251- 2,000 Lbs
2,001-3,000 Lbs
3,001-4,000 Lbs
More Than 4,000 Lbs

Breakup by Power Train:

Breakup by End Use:
Landscaping and Ground Maintenance

Breakup by Region:
North America
United States
Asia Pacific
South Korea
United Kingdom
Latin America
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being The Volvo Group, Yanmar Power Technology Co. Ltd., Doosan Infracore Co., Ltd., Caterpillar Inc., CNH Industrial N.V., Deere & Company, JCB Inc. (JCB Service), Komatsu Ltd., Kubota Corporation and Wacker Neuson SE.

Key Questions Answered in This Report:
How has the global skid steer loaders market performed so far and how will it perform in the coming years?
What is the impact of COVID-19 on global skid steer loaders market?
What are the key regional markets?
What is the breakup of the market based on the operating capacity?
What is the breakup of the market based on the power train?
What is the breakup of the market based on the end use?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the market?
What is the structure of the global skid steer loaders market and who are the key players?
What is the degree of competition in the market?

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