Skid Steer Loaders
PUBLISHED: 2024 ID: SMRC26428
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Skid Steer Loaders

Skid Steer Loaders Market Forecasts to 2030 - Global Analysis By Type (Wheeled and Tracked), Lift Type (Radial and Vertical), Engine Power (Up to 60HP, 60 to 80 HP and Above 80 HP), Power Train, Operating Capacity, Attachment, Sales Channel, Application and By Geography

4.2 (76 reviews)
4.2 (76 reviews)
Published: 2024 ID: SMRC26428

This report covers the impact of COVID-19 on this global market
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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® 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
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o 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
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o 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      
1 Global Skid Steer Loaders Market Outlook, By Region (2022-2030) ($MN)     
2 Global Skid Steer Loaders Market Outlook, By Type (2022-2030) ($MN)     
3 Global Skid Steer Loaders Market Outlook, By Wheeled (2022-2030) ($MN)     
4 Global Skid Steer Loaders Market Outlook, By Tracked (2022-2030) ($MN)     
5 Global Skid Steer Loaders Market Outlook, By Lift Type (2022-2030) ($MN)     
6 Global Skid Steer Loaders Market Outlook, By Radial (2022-2030) ($MN)     
7 Global Skid Steer Loaders Market Outlook, By Vertical (2022-2030) ($MN)     
8 Global Skid Steer Loaders Market Outlook, By Engine Power (2022-2030) ($MN)     
9 Global Skid Steer Loaders Market Outlook, By Up to 60HP (2022-2030) ($MN)     
10 Global Skid Steer Loaders Market Outlook, By 60 to 80 HP (2022-2030) ($MN)     
11 Global Skid Steer Loaders Market Outlook, By Above 80 HP (2022-2030) ($MN)     
12 Global Skid Steer Loaders Market Outlook, By Power Train (2022-2030) ($MN)     
13 Global Skid Steer Loaders Market Outlook, By Electric (2022-2030) ($MN)     
14 Global Skid Steer Loaders Market Outlook, By Conventional (2022-2030) ($MN)     
15 Global Skid Steer Loaders Market Outlook, By Operating Capacity (2022-2030) ($MN)     
16 Global Skid Steer Loaders Market Outlook, By Up To 1,250 lbs (2022-2030) ($MN)     
17 Global Skid Steer Loaders Market Outlook, By 1,251-2,000 lbs (2022-2030) ($MN)     
18 Global Skid Steer Loaders Market Outlook, By 2,001-3,000 lbs (2022-2030) ($MN)     
19 Global Skid Steer Loaders Market Outlook, By 3,001-4,000 lbs (2022-2030) ($MN)     
20 Global Skid Steer Loaders Market Outlook, By More Than 4,000 lbs (2022-2030) ($MN)     
21 Global Skid Steer Loaders Market Outlook, By Attachment (2022-2030) ($MN)     
22 Global Skid Steer Loaders Market Outlook, By Buckets (2022-2030) ($MN)     
23 Global Skid Steer Loaders Market Outlook, By Forks (2022-2030) ($MN)     
24 Global Skid Steer Loaders Market Outlook, By Augers (2022-2030) ($MN)     
25 Global Skid Steer Loaders Market Outlook, By Other Attachments (2022-2030) ($MN)     
26 Global Skid Steer Loaders Market Outlook, By Sales Channel (2022-2030) ($MN)     
27 Global Skid Steer Loaders Market Outlook, By Direct Sales (2022-2030) ($MN)     
28 Global Skid Steer Loaders Market Outlook, By Dealer/Distributor Network (2022-2030) ($MN)     
29 Global Skid Steer Loaders Market Outlook, By Application (2022-2030) ($MN)     
30 Global Skid Steer Loaders Market Outlook, By Construction (2022-2030) ($MN)     
31 Global Skid Steer Loaders Market Outlook, By Logistics (2022-2030) ($MN)     
32 Global Skid Steer Loaders Market Outlook, By Agriculture and Forestry (2022-2030) ($MN)     
33 Global Skid Steer Loaders Market Outlook, By Mining (2022-2030) ($MN)     
34 Global Skid Steer Loaders Market Outlook, By Landscaping (2022-2030) ($MN)     
35 Global Skid Steer Loaders Market Outlook, By Waste and Recycling (2022-2030) ($MN)     
36 Global Skid Steer Loaders Market Outlook, By Other Applications (2022-2030) ($MN)     
      
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.      

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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