Skid Steer Loader Market Soars Toward USD 10.33 Billion by 2033, Driving 11.34% CAGR

The global skid steer loader market in 2022 was USD 2.5 Billion and is estimated to be USD 3.53 Billion in 2023. Future Market Insights has mentioned in its reports that the skid steer loader market will expand at a CAGR of 11.34% between 2023 and 2033, totaling around USD 10.33 Billion by 2033.

The sales of skid steer loaders are poised for growth due to the escalating demand for energy-efficient construction equipment. With increased government investments in infrastructure development projects in both developed and developing nations, the construction industry is expected to experience significant expansion, thereby driving up the demand for skid steer loaders. Consequently, it is anticipated that the sales of skid steer loaders will experience substantial acceleration during the forecast period.

Request for a Sample of this Research Report

Fears of new COVID outbreaks and uncertain post-pandemic path pose a real risk of the world has thus experienced more acute supply chain pain and manufacturing disruptions.

Key Takeaways from the Skid Steer Loader Market Report:

  • Global skid steer loader market grew at a CAGR of 10.62% between 2017 and 2022.
  • Europe is expected to hold a market share of 23%.
  • North America holds a market share of 32.2%.
  • The United States is considered to hold a major portion of this market with a value share of 28.4%.
  • India forecasting at a CAGR of 6.33%
  • Under the size segment, small-size skid loaders hold a market share of 55%.
  • Under the ownership segment, construction companies hold a market share of 62%.

Competition Landscape:
The key players in the skid steer loader market are CNH Industrial, Doosan Corporation, Takeuchi Construction Machinery, Kato Works Co., Ltd, Hyundai Heavy Industries Co, Hitachi Construction Machinery Co., Ltd, Deere & Co, Komatsu Ltd., And others.

Hyundai Heavy Industries (HHI) Group, announced to present the company’s vision of transforming the ocean for a sustainable future by participating in the world’s largest consumer electronics exhibition CES 2023.
Hitachi Construction Machinery Co., Ltd., and First Quantum Minerals Ltd announced that they have entered in the development of sustainable mining solutions at First Quantum’s flagship mining operations in Zambia.

Seize the Opportunity: Get Report Now for a Thorough Report

Skid Steer Loader Market Segmentation:

By Size:

  • Small Frame
  • Medium Frame
  • Large Frame

By Ownership:

  • Rental Companies
  • Construction Companies
  • Others

By Lift Type:

  • Radial Lift
  • Vertical Lift

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South Asia and Pacific
  • East Asia
  • Middle East and Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:   

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries:
LinkedInTwitterBlogs | YouTube

Leave a Reply

Your email address will not be published. Required fields are marked *