Skid Steer Loaders Market Size To Reach $12.56 Billion By 2030

Skid Steer Loaders Market Growth & Trends

The global skid steer loaders market size is expected to reach USD 12.56 billion by 2030, registering a CAGR of 4.4% during the forecast period, according to a new report by Grand View Research, Inc. Regulated demand from the construction sector coupled with introduction of several state-of-the-art skid steer loader variants with superior features such as compact size, and easy operability, are the major factors driving the demand. In addition, the rising adoption of skid loaders for landscaping activities is also expected to have a positive impact on the product demand.

Another major reason contributing to the demand for skid steer loaders is their ability to get into tight spaces. Although the machines are small in size, they have enough power to perform heavy construction activities. For instance, the Bobcat S70 has a width of only 901 mm but is equipped with a 23.5 horsepower engine and has a rated operating capacity of 343 kg.

The growing preference for comfort among operators is compelling manufacturers to focus on manufacturing loaders with enhanced cabin comfort. For instance, CNH Industrial N.V. offers skidsteers with a cabin that have increased headroom and improved visibility. Similarly, recently introduced AB Volvo’s C-Series skid steer loaders offer operators with 27% more cabin space as compared to their previous models. Thus, growing preference for improved comfort and operational efficiency is expected to drive growth of the skid steer loaders market over the forecast period.

Skid loaders have numerous advantages over other construction equipment that make it popular in the construction industry. The machines can perform different tasks and can operate on different types of terrains. The wheeled models can be used on uneven or rough terrains by installing Over-The-Tire (OTT) tracks that are easy to maintain and replace. The abovementioned benefits, coupled with lower operating costs, are anticipated to surge demand for skidsteers over the next six years.

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Skid Steer Loaders Market Report Highlights

• Skid steers with Rated Operating Capacity (ROC) between 1,251 lbs to 2,200 lbs is expected to grow at significant CAGR during the forecast period, as these products offer optimal balance of power and initial cost

• In 203, the more than 2,200 lbs segment dominated the market and accounted for a share of 55.6%, owing to the additional comfort and operational efficiency offered

• Construction and mining segment accounted largest revenue share in 2023. Skid steers were primarily introduced for construction activities and hence are widely used across the construction facilities.

Skid Steer Loaders Market Segmentation

Grand View Research has segmented the global skid steer loaders market based on rated operating capacity (ROC), application, and region:

Skid Steer Loaders Rated Operating Capacity (ROC) Outlook (Revenue, USD Million, 2018 - 2030)

• Upto 1,250 lbs

• 1,251 to 2,200 lbs

• More than 2,200 lbs

Skid Steer Loaders Application Outlook (Revenue, USD Million, 2018 - 2030)

• Construction & Mining

• Landscaping & Ground Maintenance

• Agriculture

Skid Steer Loaders Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

• Asia Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

• Latin America

  • Brazil

• Middle East and Africa (MEA)

  • UAE

  • Saudi Arabia

  • South Africa

List of Key Players in the Skid Steer Loaders Market

• Bobcat

• Caterpillar Inc.

• Deere & Company

• CNH Industrial N.V.

• Komatsu Ltd.

• JCB Inc.

• Kubota Corporation

• Yanmar Co., Ltd.

• Volvo Construction Equipment

• Wacker Neuson Group