Global Skid Steer Loader Market Size, Share, Growth, Structure, and Regional Analysis by 2026

According to IMARC Group's latest report, titled "Skid Steer Loader Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026", the global skid steer loader market reached a value of US$ 2.3 Billion in 2020. Looking forward, the market value is expected to reach US$ 2.71 Billion by 2026, growing at a CAGR of 2.60% during 2021-2026.

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A skid steer loader is an engine-powered machine utilized for digging, collecting, lifting, and moving materials, especially sand, dirt, jackhammer cement and load trucks. It is equipped with lift arms and has a rigid frame that can be fitted with attachments and labor-saving gears for making it easier to function. As compared to a conventional loader, a skid steer loader provides improved fuel efficiency, high-load capacity, compact-size and reduced carbon footprints. Consequently, it is extensively used in the construction, agricultural, logistics, mining, and landscaping industries across the globe.

Market Trends and Drivers:

Significant growth in the construction and mining industries, coupled with the increasing adoption of skid steer loaders in road sweeping, site cleanup, material spreading and slab preparation, represents one of the primary factors strengthening the market growth. Moreover, as skid steer loaders are integrated with agriculture-based equipment, including bale handlers, manure scrapers, livestock feed pushers, rotary cultivators, seeders, and mowers, their application is increasing in the agriculture sector around the world. Furthermore, numerous technological advancements, such as loaders with grapples, hydraulic brakes, pallet fork attachments and angle brooms, are positively influencing the skid steer loader market growth. Other factors, such as the increasing investments in the development of advanced infrastructure projects and smart cities, are supporting the market.

Competitive Landscape With Key Players:

The competitive landscape of the skid steer loader market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

The Volvo Group
JCB Inc. (JCB Service)
CNH Industrial N.V.
Komatsu Ltd.
Yanmar Power Technology Co. Ltd.
Deere & Company
Caterpillar Inc.
Kubota Corporation
Wacker Neuson SE
Doosan Infracore Co. Ltd.

Key Market Segmentation:

The report has segmented the global skid steer loader market on the basis of operating capacity, power train, end use and region.

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
Asia Pacific
Europe
Latin America
Middle East and Africa

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Key Highlights of the Report:

Market Performance (2016-2021)
Market Outlook (2022-2027)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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