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Global Skid Steer Loader Market Size Worth USD 3.16 Billion By 2025: Hexa Research

FELTON, California, January 8, 2019 /PRNewswire/ --

The global skid steer loader market size is projected to reach USD 3.16 billion by 2025 and exhibit a CAGR of 3.3% from 2017 to 2025. This can be attributed to growing importance of and need for landscaping applications, which has compelled manufacturers to develop and launch various attachments such as brush cutters, mulchers, heavy-duty mowers, and forestry units.

Wheeled skid steer loaders led the market in 2017 and accounted for a share of 65.3% in the overall revenue. The segment is expected to maintain its dominance over the forecast period owing to its high visibility and penetration, widespread usage in hard and rough surfaces such as concrete and lawns, and growing preference for the product to carry out speedy work.

In 2017, the construction sector held a 51.5% share in the overall revenue. Loaders are gaining significant traction in the construction industry owing to their compact design, new attachments, and improved load carrying capacity. In addition, these products are used for cleaning dirt, loading and unloading of construction materials, and maintaining and grading of land.

Increased spending on infrastructure development in countries such as China, India, and Bangladesh has created novel growth opportunities for skid steer loaders. For instance, China's construction sector generated approximately USD 802 billion in 2017, compared to USD 715 billion in 2016. Investment has largely been directed toward development of roads, bridges, and rail infrastructure.

Landscape and ground maintenance is a leading application in the market. It is expected to exhibit a CAGR of 3.6% from 2017 to 2025 owing to increased spending on maintenance of lawns and garden in developed countries and presence of many Mom-and-Pop companies, which utilize skid steer loaders for maintaining lawns and gardens.

Asia Pacific dominated the skid steer loader market and accounted for 50.5% share in the overall revenue in 2017. The region is expected to expand at a CAGR of 3.6% from 2017 to 2025 owing to rise in spending on infrastructure development, including sport complexes, stadiums, railways, roadways, and buildings in emerging countries such as China and India. Furthermore, positive outlook of the dairy farming sector and need to enhance cattle yield, especially in India, is expected to open new avenues for the market.

Browse full research report with TOC on "Skid Steer Loader Market Size And Forecast, By Product (Wheeled, Tracked), By Application (Construction, Landscape & Ground Maintenance, Agriculture & Forestry), And Segment Forecast, 2015 - 2025" at:https://www.hexaresearch.com/research-report/skid-steer-loader-market

Manufacturers offer products in terms of size, load carrying capacity, and controlling system. Some of the prominent manufacturers operating in the skid steer loader market are LiuGong Machinery Co., Ltd.; Sunward Equipment Group; MECALAC; Wacker Neuson SE; Volvo; CNH Industrial; Doosan; Manitou Group; Caterpillar Inc.; JCB; Deere & Company; Hyundai; Komatsu; KUBOTA Corporation; Toyota Material Handling; Thomas Equipment, Inc.; Zhejiang Junlian Machinery & Electronics Holding Co., Ltd.; XCMG Group; Hitachi Construction Machinery Co., Ltd.; and Takeuchi.

Manufacturers are focusing on developing fuel efficient products and new attachments in order to increase usage of skid steer loaders in various applications such as agriculture, logistics, and forestry. Moreover, companies such as Bobcat, New Holland, and Komatsu are spending on developing advanced cabin with features, such as enhanced displays, air and head controlled systems, sound proof protection systems, and joysticks.

Browse relatedreports by Hexa Research:

  • Nuclear Air Filtration Market - The global nuclear air filtration market size was estimated at USD 97.7 million in 2017. It is anticipated to reach USD 118.2 million by 2025.

  • Building Energy Management Systems (BEMS) Market - Global building energy management systems (BEMS) market is projected to grow at a CAGR of 13.59% to reach over USD 7 billion by 2024. High energy cost in the manufacturing and commercial sector has compelled companies to adopt energy-efficient products and systems.

  • Heat Treating Market - The global heat treating market is an amalgamation of operations involving heating, holding, and cooling of metal in the solid state for the purpose of obtaining a particular desirable surface modification or metallurgical properties. The market is projected to grow over the forecast period owing to wide range of applications in various industry verticals.

  • Pneumatic Conveying Systems Market - The global pneumatic conveying systems market size was estimated to be worth USD 22.11 billion in 2016 and is likely to be driven by the rising demand for robust and advanced material handling equipment. Rising awareness regarding the prohibition of contamination, advancement of technology and increasing demand for these machines in various sectors such as food processing, pharma and ceramic manufacturing.

Hexa Research has segmented the global skid steer loader market report based on system, application and region:-

  • Segmentation by System
    • Wheeled
    • Tracked
  • Segmentation by Application
    • Construction
    • Landscape & Ground Maintenance
    • Agriculture & Forestry
  • Segmentation by Region
    • North America
    • Europe
    • Asia Pacific
    • Rest of the World
  • Key Countries
    • South East Asia
    • China
    • India
    • Japan
  • Key Players Analyzed:
    • Bake Liugong Machinery Co., Ltd.
    • Sunward Equipment Group
    • Groupe MECALAC S.A.
    • Wacker Neuson SE
    • Volvo
    • CNH Industrial
    • Doosan
    • Manitou Group
    • Caterpillar Inc.
    • JCB
    • Deere & Company
    • Hyundai Heavy Industries
    • Komatsu Limited
    • KUBOTA Corporation
    • Toyota Material Handling
    • Thomas Equipment, Inc.
    • Zhejiang Junlian Machinery & Electronics Holding Co., Ltd.
    • XCMG Group
    • Hitachi Construction Machinery Co., Ltd.
    • Takeuchi Mfg. Co., Ltd.

About Hexa Research

Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

Contact:
Michelle T.
Corporate Sales Specialist
Hexa Research
Phone: +1-415-349-0058
Toll Free: 1-800-489-3075
Email: sales@hexaresearch.com

Web: https://www.hexaresearch.com/


© 2019 PR Newswire
Solarbranche vor dem Mega-Comeback?
Lange galten Solaraktien als Liebling der Börse, dann kam der herbe Absturz: Zinsschock, Überkapazitäten aus China und ein Preisverfall, der selbst Marktführer wie SMA Solar, Enphase Energy oder SolarEdge massiv unter Druck setzte. Viele Anleger haben der Branche längst den Rücken gekehrt.

Doch genau das könnte jetzt die Chance sein!
Die Kombination aus KI-Explosion und Energiewende bringt die Branche zurück ins Rampenlicht:
  • Rechenzentren verschlingen Megawatt – Solarstrom bietet den günstigsten Preis je Kilowattstunde
  • Moderne Module liefern Wirkungsgrade wie Atomkraftwerke
  • hina bremst Preisdumping & pusht massiv den Ausbau
Gleichzeitig locken viele Solar-Aktien mit historischen Tiefstständen und massiven Short-Quoten, ein perfekter Nährboden für Kursrebound und Squeeze-Rally.

In unserem exklusiven Gratis-Report zeigen wir dir, welche 4 Solar-Aktien besonders vom Comeback profitieren dürften und warum jetzt der perfekte Zeitpunkt für einen Einstieg sein könnte.

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