Skid Steer Loader Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Skid Steer Loader Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

The global skid steer loader market size reached US$ 2.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 2.7 Billion by 2028, exhibiting a growth rate (CAGR) of 2.7% during 2022-2028.

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.

Skid Steer Loader Market Trends:

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:

IMARC Group provides an analysis of the key trends in each segment of the global skid steer loader market report, along with forecasts at the global, regional and country levels from 2023-2028. Our report has categorized the market based on 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:

Electric

Conventional



Breakup by End Use:

Construction

Mining

Logistics

Landscaping and Ground Maintenance

Agriculture

Others



Breakup by Region:

North America

United States

Canada

Asia Pacific

China

Japan

India

South Korea

Australia

Indonesia

Others

Europe

Germany

France

United Kingdom

Italy

Spain

Russia

Others

Latin America

Brazil

Mexico

Others

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, J C Bamford Excavators Ltd, 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 the 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?