Pune, Maharashtra -- (SBWire) -- 03/29/2019 --According to the market research report compiled by Fact.MR, the global skid steer loader market is expected to witness sluggish growth, growing at a CAGR of 3.1% in terms of value. By the end of 2026, the market is also projected to bring in US$ 3,273.3 million revenue. While in terms of volume, 134,517 skid steer loaders are projected to be sold in the global skid steer loader market. Following are few insights on how the global skid steer loader market will perform in the coming years.
Skid steer loaders are used to perform various tasks at construction and mining sites. One of the major driving factors in the market is versatility of skid steer loaders. These loaders can be fitted with attachments like backhoe, angle broom, in order to perform various tasks such as trenching, breaking concrete, vertical lifting, digging, etc. manufacturers of skid steer loaders are also focusing on modifying design of skid steer on the basis of feedback from contractors, rental businesses, and dealers. Increasing operator comfort, providing larger skid steer loaders, providing high lift capability, and offering units with vertical-lift are some of the focus areas in the development of skid steer loaders.
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Competition Tracking
The report also profiles companies that are expected to remain active in the expansion of global skid steer loader market through 2026, which include Zhejiang Hero Time Machinery Co., Ltd., Takeuchi Construction Machinery, Sany Group Co. Ltd., Kato Works Co., Ltd., B E M L Ltd, Guangxi Liugong Machinery Co., Ltd., XCMG, Wacker Neuson SE, Hyundai Heavy Industries Co., Ltd., Kubota Corporation, JCB, Inc., CNH Industrial N.V., Yanmar Co., Ltd., Doosan Bobcat Inc., Volvo Construction Equipment and Services, Inc., Hitachi Construction Machinery Co., Ltd., Komatsu Ltd., Deere & Co., and Caterpillar Inc.
6 Key Insights on Global Skid Steer Loader Market
Asia Pacific Excluding Japan (APEJ) is expected to remain dominant in the global skid steer loader market during the forecast period. By 2026 end, APEJ is expected to bring in nearly US$ 1,300 million revenue. Owing to various factors such as increasing urban population, and adoption of advanced technology in the process of construction, the region is likely to see the growth in the market
On the other hand, North America followed by Europe is also anticipated to witness growth in coming years. Growth in the construction activities in the U.S. and Canada are driving the market growth in the region.
Vertical lift Skid steer loaders are anticipated to witness growth throughout the forecast period. Vertical lift are projected to bring in nearly US$ 2,500 million revenue by the end of 2026.
Skid steer loaders with 65-80 HP of engine power are expected to be highly preferred in the market. 65-80 HP engine power skid steer loaders are projected to exceed US$ 1,900 million revenue towards the end of 2026.
2000-3000 Ibs of operating capacity is likely to be preferred by customers. 2000-3000 Ibs operating capacity is projected create an incremental opportunity of over US$ 300 million during 2017-2026.
The construction sector is expected to be the largest sector using skid steer loaders. The construction sector is projected to exceed US$ 1,500 million revenue by 2026 end.
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Table of Contents Covered in the report are:
1. Global Skid Steer Loader Market - Executive Summary
2. Global Skid Steer Loader Market Overview
2.1. Introduction
2.1.1. Global Skid Steer Loader Market Taxonomy
2.1.2. Global Skid Steer Loader Market Definition
2.2. Global Skid Steer Loader Market Size (US$ Mn & Volume (Units)) and Forecast, 2012-2026
2.2.1. Global Skid Steer Loader Market Y-o-Y Growth
2.3. Global Skid Steer Loader Market Dynamics
2.4. Supply Chain
2.5. Cost Structure
2.6. Pricing Analysis
2.7. Construction Industry Overview
2.8. Infrastructure Spending
2.9. Key Participants Market Presence (Intensity Map) By Region
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3. Global Skid Steer Loader Market Analysis and Forecast 2012-2026
3.1. Global Skid Steer Loader Market Size and Forecast By Lift Type, 2012-2026
3.1.1. Radial Market Size and Forecast, 2012-2026
3.1.1.1. Revenue (US$ Mn) & Volume (Units) Comparison, By Region
3.1.1.2. Market Share Comparison, By Region
3.1.1.3. Y-o-Y growth Comparison, By Region
3.1.2. Vertical Market Size and Forecast, 2012-2026
3.1.2.1. Revenue (US$ Mn) & Volume (Units) Comparison, By Region
3.1.2.2. Market Share Comparison, By Region
3.1.2.3. Y-o-Y growth Comparison, By Region
3.2. Global Skid Steer Loader Market Size and Forecast By Engine Power, 2012-2026
3.2.1. Upto 65 HP Power Segment Market Size and Forecast, 2012-2026
3.2.1.1. Revenue (US$ Mn) & Volume (Units) Comparison, By Region
3.2.1.2. Market Share Comparison, By Region
3.2.1.3. Y-o-Y growth Comparison, By Region
3.2.2. 65-80 HP Power Segment Market Size and Forecast, 2012-2026
3.2.2.1. Revenue (US$ Mn) & Volume (Units) Comparison, By Region
3.2.2.2. Market Share Comparison, By Region
3.2.2.3. Y-o-Y growth Comparison, By Region
3.2.3. Above 80 HP Power Segment Market Size and Forecast, 2012-2026
3.2.3.1. Revenue (US$ Mn) & Volume (Units) Comparison, By Region
3.2.3.2. Market Share Comparison, By Region
3.2.3.3. Y-o-Y growth Comparison, By Region
3.3. Global Skid Steer Loader Market Size and Forecast By Operating Capacity, 2012-2026
3.3.1. Upto 2000 lbs Operating Capacity Segment Market Size and Forecast, 2012-2026
3.3.1.1. Revenue (US$ Mn) & Volume (Units) Comparison, By Region
3.3.1.2. Market Share Comparison, By Region
3.3.1.3. Y-o-Y growth Comparison, By Region
3.3.2. 2000-3000 lbs Operating Capacity Segment Market Size and Forecast, 2012-2026
3.3.2.1. Revenue (US$ Mn) & Volume (Units) Comparison, By Region
3.3.2.2. Market Share Comparison, By Region
3.3.2.3. Y-o-Y growth Comparison, By Region
3.3.3. Above 3000 lbs Operating Capacity Segment Market Size and Forecast, 2012-2026
3.3.3.1. Revenue (US$ Mn) & Volume (Units) Comparison, By Region
3.3.3.2. Market Share Comparison, By Region
3.3.3.3. Y-o-Y growth Comparison, By Region
And Continue...
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Skid Steer Loader Market Size Analysis, Competitive Landscape, Revenue Status, Future Opportunities and Demand by Top 10 Global Players
Fact.MR has announced the addition of the “ Skid Steer Loader Market Forecast, Trend Analysis & Competition Tracking - Global Market insights 2018 to 2028"report to their offering.