PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1494908
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1494908
Skid Steer Loaders Market Forecasts to 2030 - Global Analysis By Type, Lift Type, Engine Power, Power Train, Operating Capacity, Attachment, Sales Channel, Application and By Geography
According to Stratistics MRC, the Global Skid Steer Loaders Market is accounted for $2.7 billion in 2024 and is expected to reach $3.5 billion by 2030 growing at a CAGR of 4.4% during the forecast period. Skid steer loaders are compact, versatile construction machines equipped with lift arms to attach various labor-saving tools or attachments. They are highly maneuverable due to their zero-radius turning capability, making them ideal for tasks in confined spaces. These loaders are commonly used in construction, landscaping, agriculture, and other various applications.
According to a report by the Association of Equipment Manufacturers (AEM), skid steer loader sales in the United States increased by 13% in 2020 compared to the previous year, despite the challenges posed by the COVID-19 pandemic.
Market Dynamics:
Driver:
Rising demand in the construction industry
The construction industry's expansion is a significant driver for the skid steer loaders market. As urbanization accelerates and infrastructure projects multiply globally, the demand for versatile and efficient construction equipment like skid steer loaders increases. These machines' compact size and multi-functionality make them indispensable for various construction tasks, from excavation to material handling, thereby fueling market growth.
Restraint:
Maintenance and repair costs
The maintenance and repair costs associated with skid steer loaders act as a market restraint. These costs can be substantial over the equipment's lifecycle, affecting the total cost of ownership. Frequent maintenance requirements and the potential for expensive repairs can deter small and medium-sized enterprises from investing in new or additional units, thereby limiting market expansion.
Opportunity:
Development of new attachments
The development of new attachments presents a significant opportunity for the skid steer loaders market. Innovations in attachments expand the range of tasks that skid steer loaders can perform, making them even more versatile and valuable to users across various industries, including agriculture, landscaping, and construction. This versatility encourages new purchases and upgrades, driving market growth.
Threat:
Fluctuations in fuel prices
Fluctuations in fuel prices pose a threat to the skid steer loaders market. As fuel prices increase, the operational costs of running skid steer loaders also rise, which can lead to decreased usage or postponement of new equipment purchases. This volatility in fuel prices can impact the market's overall stability and growth prospects.
Covid-19 Impact:
The Covid-19 pandemic initially caused disruptions in the Skid Steer Loaders Market due to halted construction activities and supply chain interruptions. Manufacturing delays and reduced demand from the construction sector negatively impacted market growth. However, as the industry adapted to new safety protocols and construction projects resumed, the market began to recover, highlighting the resilience and essential nature of construction equipment in maintaining infrastructure development.
The wheeled segment is expected to be the largest during the forecast period
The wheeled segment is expected to be the largest during the forecast period, contributing significantly to the market. Wheeled skid steer loaders are preferred for their mobility, speed, and efficiency on hard surfaces, making them ideal for a wide range of construction and landscaping tasks. Their versatility and ease of operation drive their demand, ensuring their dominance in the market.
The direct sales segment is expected to have the highest CAGR during the forecast period
The direct Sales segment is expected to have the highest CAGR during the forecast period. This growth can be attributed to the increasing preference among buyers to deal directly with manufacturers for purchasing skid steer loaders. Direct sales offer benefits such as better pricing, customized solutions, and direct support, making this channel increasingly popular and contributing to its rapid growth in the market.
Region with largest share:
The North America region is positioned to dominate the skid steer loaders market, owing to its robust construction industry, high adoption of advanced construction machinery, and ongoing investments in infrastructure development. The presence of major manufacturers and a preference for technologically advanced equipment further solidify the region's leading position in the market.
Region with highest CAGR:
The Asia Pacific region anticipates rapid growth in the skid steer loaders market, driven by increasing urbanization, infrastructure development, and agricultural mechanization. Countries like China and India are investing heavily in construction and infrastructure, which boosts the demand for skid steer loaders. The region's focus on enhancing agricultural productivity through mechanization also contributes to the market's growth, making it the fastest-growing region.
Key players in the market
Some of the key players in Skid Steer Loaders Market include Caterpillar Inc., Bobcat Company, CNH Industrial N.V, Deere & Company, Komatsu Ltd., J C Bamford Excavators Ltd (JCB), Volvo Construction Equipment, Kubota Corporation, Wacker Neuson SE, Yanmar Holdings Co., Ltd., Manitou Group, LiuGong Machinery Co., Ltd., ASV Holdings, Inc., Terex Corporation, Hyundai Construction Equipment Co., Ltd., Tata Hitachi Construction Machinery Company Pvt Ltd, Takeuchi Mfg. Co., Ltd., Gehl Company, Sunward Intelligent Equipment Co., Ltd., and Lonking Holdings Limited.
Key Developments:
In April 2024, Komatsu displayed new prototypes and electric machines at Intermat, including the PC138E-11 electric excavator.
In January 2024, Bobcat showcased its all-electric S7X skid-steer loader at CES 2024. The S7X is powered by a lithium-ion battery and features electric drive motors and ball screw actuators for lift and tilt functions, eliminating the need for hydraulics.
In October 2023, Caterpillar introduces new compact track loaders with increased lifting heights and wider cabs, the next generation Cat(R) 255 and 265 compact track at the company's Edwards Demonstration and Learning Center, Edwards, Ill.
Types Covered:
- Wheeled
- Tracked
Lift Types Covered:
- Radial
- Vertical
Engine Powers Covered:
- Up to 60HP
- 60 to 80 HP
- Above 80 HP
Power Trains Covered:
- Electric
- Conventional
Operating Capacities Covered:
- 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
Attachments Covered:
- Buckets
- Forks
- Augers
- Other Attachments
Sales Channels Covered:
- Direct Sales
- Dealer/Distributor Network
Applications Covered:
- Construction
- Logistics
- Agriculture and Forestry
- Mining
- Landscaping
- Waste and Recycling
- Other Applications
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 Application Analysis
- 3.7 Emerging Markets
- 3.8 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Skid Steer Loaders Market, By Type
- 5.1 Introduction
- 5.2 Wheeled
- 5.3 Tracked
6 Global Skid Steer Loaders Market, By Lift Type
- 6.1 Introduction
- 6.2 Radial
- 6.3 Vertical
7 Global Skid Steer Loaders Market, By Engine Power
- 7.1 Introduction
- 7.2 Up to 60HP
- 7.3 60 to 80 HP
- 7.4 Above 80 HP
8 Global Skid Steer Loaders Market, By Power Train
- 8.1 Introduction
- 8.2 Electric
- 8.3 Conventional
9 Global Skid Steer Loaders Market, By Operating Capacity
- 9.1 Introduction
- 9.2 Up To 1,250 lbs
- 9.3 1,251-2,000 lbs
- 9.4 2,001-3,000 lbs
- 9.5 3,001-4,000 lbs
- 9.6 More Than 4,000 lbs
10 Global Skid Steer Loaders Market, By Attachment
- 10.1 Introduction
- 10.2 Buckets
- 10.3 Forks
- 10.4 Augers
- 10.5 Other Attachments
11 Global Skid Steer Loaders Market, By Sales Channel
- 11.1 Introduction
- 11.2 Direct Sales
- 11.3 Dealer/Distributor Network
12 Global Skid Steer Loaders Market, By Application
- 12.1 Introduction
- 12.2 Construction
- 12.3 Logistics
- 12.4 Agriculture and Forestry
- 12.5 Mining
- 12.6 Landscaping
- 12.7 Waste and Recycling
- 12.8 Other Applications
13 Global Skid Steer Loaders Market, By Geography
- 13.1 Introduction
- 13.2 North America
- 13.2.1 US
- 13.2.2 Canada
- 13.2.3 Mexico
- 13.3 Europe
- 13.3.1 Germany
- 13.3.2 UK
- 13.3.3 Italy
- 13.3.4 France
- 13.3.5 Spain
- 13.3.6 Rest of Europe
- 13.4 Asia Pacific
- 13.4.1 Japan
- 13.4.2 China
- 13.4.3 India
- 13.4.4 Australia
- 13.4.5 New Zealand
- 13.4.6 South Korea
- 13.4.7 Rest of Asia Pacific
- 13.5 South America
- 13.5.1 Argentina
- 13.5.2 Brazil
- 13.5.3 Chile
- 13.5.4 Rest of South America
- 13.6 Middle East & Africa
- 13.6.1 Saudi Arabia
- 13.6.2 UAE
- 13.6.3 Qatar
- 13.6.4 South Africa
- 13.6.5 Rest of Middle East & Africa
14 Key Developments
- 14.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 14.2 Acquisitions & Mergers
- 14.3 New Product Launch
- 14.4 Expansions
- 14.5 Other Key Strategies
15 Company Profiling
- 15.1 Caterpillar Inc.
- 15.2 Bobcat Company
- 15.3 CNH Industrial N.V.
- 15.4 Deere & Company
- 15.5 Komatsu Ltd.
- 15.6 J C Bamford Excavators Ltd (JCB)
- 15.7 Volvo Construction Equipment
- 15.8 Kubota Corporation
- 15.9 Wacker Neuson SE
- 15.10 Yanmar Holdings Co., Ltd.
- 15.11 Manitou Group
- 15.12 LiuGong Machinery Co., Ltd.
- 15.13 ASV Holdings, Inc.
- 15.14 Terex Corporation
- 15.15 Hyundai Construction Equipment Co., Ltd.
- 15.16 Tata Hitachi Construction Machinery Company Pvt Ltd
- 15.17 Takeuchi Mfg. Co., Ltd.
- 15.18 Gehl Company
- 15.19 Sunward Intelligent Equipment Co., Ltd.
- 15.20 Lonking Holdings Limited
List of Tables
- Table 1 Global Skid Steer Loaders Market Outlook, By Region (2022-2030) ($MN)
- Table 2 Global Skid Steer Loaders Market Outlook, By Type (2022-2030) ($MN)
- Table 3 Global Skid Steer Loaders Market Outlook, By Wheeled (2022-2030) ($MN)
- Table 4 Global Skid Steer Loaders Market Outlook, By Tracked (2022-2030) ($MN)
- Table 5 Global Skid Steer Loaders Market Outlook, By Lift Type (2022-2030) ($MN)
- Table 6 Global Skid Steer Loaders Market Outlook, By Radial (2022-2030) ($MN)
- Table 7 Global Skid Steer Loaders Market Outlook, By Vertical (2022-2030) ($MN)
- Table 8 Global Skid Steer Loaders Market Outlook, By Engine Power (2022-2030) ($MN)
- Table 9 Global Skid Steer Loaders Market Outlook, By Up to 60HP (2022-2030) ($MN)
- Table 10 Global Skid Steer Loaders Market Outlook, By 60 to 80 HP (2022-2030) ($MN)
- Table 11 Global Skid Steer Loaders Market Outlook, By Above 80 HP (2022-2030) ($MN)
- Table 12 Global Skid Steer Loaders Market Outlook, By Power Train (2022-2030) ($MN)
- Table 13 Global Skid Steer Loaders Market Outlook, By Electric (2022-2030) ($MN)
- Table 14 Global Skid Steer Loaders Market Outlook, By Conventional (2022-2030) ($MN)
- Table 15 Global Skid Steer Loaders Market Outlook, By Operating Capacity (2022-2030) ($MN)
- Table 16 Global Skid Steer Loaders Market Outlook, By Up To 1,250 lbs (2022-2030) ($MN)
- Table 17 Global Skid Steer Loaders Market Outlook, By 1,251-2,000 lbs (2022-2030) ($MN)
- Table 18 Global Skid Steer Loaders Market Outlook, By 2,001-3,000 lbs (2022-2030) ($MN)
- Table 19 Global Skid Steer Loaders Market Outlook, By 3,001-4,000 lbs (2022-2030) ($MN)
- Table 20 Global Skid Steer Loaders Market Outlook, By More Than 4,000 lbs (2022-2030) ($MN)
- Table 21 Global Skid Steer Loaders Market Outlook, By Attachment (2022-2030) ($MN)
- Table 22 Global Skid Steer Loaders Market Outlook, By Buckets (2022-2030) ($MN)
- Table 23 Global Skid Steer Loaders Market Outlook, By Forks (2022-2030) ($MN)
- Table 24 Global Skid Steer Loaders Market Outlook, By Augers (2022-2030) ($MN)
- Table 25 Global Skid Steer Loaders Market Outlook, By Other Attachments (2022-2030) ($MN)
- Table 26 Global Skid Steer Loaders Market Outlook, By Sales Channel (2022-2030) ($MN)
- Table 27 Global Skid Steer Loaders Market Outlook, By Direct Sales (2022-2030) ($MN)
- Table 28 Global Skid Steer Loaders Market Outlook, By Dealer/Distributor Network (2022-2030) ($MN)
- Table 29 Global Skid Steer Loaders Market Outlook, By Application (2022-2030) ($MN)
- Table 30 Global Skid Steer Loaders Market Outlook, By Construction (2022-2030) ($MN)
- Table 31 Global Skid Steer Loaders Market Outlook, By Logistics (2022-2030) ($MN)
- Table 32 Global Skid Steer Loaders Market Outlook, By Agriculture and Forestry (2022-2030) ($MN)
- Table 33 Global Skid Steer Loaders Market Outlook, By Mining (2022-2030) ($MN)
- Table 34 Global Skid Steer Loaders Market Outlook, By Landscaping (2022-2030) ($MN)
- Table 35 Global Skid Steer Loaders Market Outlook, By Waste and Recycling (2022-2030) ($MN)
- Table 36 Global Skid Steer Loaders Market Outlook, By Other Applications (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
