Global Skid Loaders Market Analysis and Forecast 2019-2028

The global skid loaders market is expected to grow at a significant growth rate of 3.5% in the period of 2022-2028. The flourishing construction industry is expected to drive market growth as it tends to be one of the prominent end user of skid loaders. Skid loaders are compact and versatile, making them ideal for use in tight spaces and confined areas. The demand for compact equipment has been increasing in recent years due to the need for equipment that can handle a wide range of tasks in small and confined spaces.

 

Developments in infrastructure projects and penetration of smart cities projects are anticipated to open a pool of opportunities for the construction market which, in turn, will drive the growth trajectory of the global skid loaders market. Moreover, the growing number of infrastructure projects including road, construction, highways and railways development, port construction, etc. play a significant role in creating opportunities for skid loaders in the global market.

 

 

The global market for skid loaders is expected to gain traction in the forthcoming years as several technological advancements and the inclusion of smart features are taking place in the market. Also, these can be outfitted with different attachments such as forks, buckets, hydraulic hammers, trenchers, grinders, etc., and can cater to a variety of tasks. Such ability to perform multiple tasks is expected to augment the adoption of skid loaders across the industry verticals.

 

The growing trend of urbanization anticipated to drive the skid loaders market growth

With the growing focus on urbanization across various regions across the globe, the global skid loaders market is expected to witness an upsurge in the demand for the same. Also, the availability of renting skid loaders along with different construction equipment is anticipated to fuel the market growth in the upcoming years.

 

With the focus on reducing carbon emissions, there has been a growing adoption of electric skid loaders. Electric skid loaders offer several advantages over their traditional counterparts, such as lower operating costs, reduced emissions, and lower noise levels.

 

In addition, the advancements in technologies such as GPS, telematics, and remote monitoring has made construction machinery more efficient, reliable, and productive. All these factors are anticipated to drive the skid loaders market growth in the incoming years.

 

Globally, North America dominates the skid loaders market with a strong share of nearly 65%, followed by Europe. In Asia Pacific, China, and India account for a significant share of the regional skid loaders market.  Skid steer loaders are niche products in the India market, with sales this year expected to total around 850 units, annually.

 

Market Structure and Competitive Landscape

The global skid loaders market is fragmented in nature with a variety of players operating in the market. Manufacturers of skid loaders are working to develop technologies that may be used in a wider range of construction environments in order to boost the skid loaders market’s development potential. Mergers and acquisitions are also common among market manufacturers.

 

The prominent players in the global skid loaders market are Deere & Company, Toyota Corporation, Caterpillar, AB Volvo, Komatsu Ltd, JCB Construction Equipment, Hyundai Construction Equipment, Bobcat Company, Kubota Corporation, CNH Industria N.V.,  and Sany Group Co. Ltd. among others.

 

• In March 2023, Bobcat Company, global compact equipment, innovation and worksite solutions brand, announced the release of the Bobcat S7X the world’s first all-electric skid-steer loader. Bobcat has also stepped beyond industry expectations with the unveiling of its new concept track loader, the Bobcat RogueX. This next-generation concept machine explores the capabilities of electric power, autonomous operation, and dual lift-arm geometry.
• In November 2022, Kioti is expected to launch its first CTL and skid steer making its entry into the compact construction equipment market.

Key Market Segmentation

RationalStat has segmented the global skid loaders market based on the lift type, operating capacity, ownership, end user industry, and region.

 

• By Lift Type
  • Radial
  • Vertical
• By Operating Capacity
  • Upto 2000 lbs
  • 2000-3000 lbs
  • Above 3000 lbs
• By Ownership
  • Rental Companies
  • Construction Companies
  • Others (Snow Clearing, Waste Management)
• By End User Industry
  • Construction
  • Agriculture & Forestry
  • Mining
  • Landscaping & Ground Maintenance
  • Logistics
  • Industrial
  • Others (Manufacturing, etc.)
• By Region
  • North America
    • US
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Western Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
    • Rest of Western Europe
  • Eastern Europe
    • Russia
    • Poland
    • Rest of Eastern Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • ASEAN (Indonesia, Vietnam, Malaysia, etc.)
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC
    • South Africa
    • Turkey
    • Rest of the Middle East & Africa

Research Methodology

RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.

 

RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:

 

• Defining the problem by understanding the type of market and data required by the client.
• Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
• Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
• Evaluating and analyzing the data by referring to data sources utilized and leveraged.
• Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.

Why Buy this Report?

The report is intended for skid loaders manufacturers, suppliers and distributors, government organizations, end users, regulatory agencies, and market research firms, among others. The report provides an in-depth analysis of market size, consumption patterns, ongoing market trends and challenges, and future market opportunities. The report will serve as a source for a 360-degree analysis of the market thoroughly delivering insights to clients to find the right answers to their business questions.