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How Bobcat EMEA Region Boosted Up Their Skid Steer Loader Sales by 12.7%: Fact.MR
India represents lucrative growth opportunities, with the domestic construction industry set to emerge as the 3 largest by 2025. As part and parcel of its self-reliance program, the Indian government has recently unveiled the Affordable Rental Housing Complex (ARHC) scheme to promote housing in forthcoming years. This is likely to stimulate demand for skid steer rollers in the near-term. The industry is expected to grow at over 11% by 2021-end.
Likewise, the Chinese construction sector is poised to generate credible revenue streams for skid steer loader manufacturers. Since the latter half of the pandemic, the government has been issuing construction bonds to keep projects afloat, thus buoying the industry out of a predicted recession. As of July 2020 , nearly 30% of the bonds were utilized to fund industrial parks, town construction projects and infrastructure development.
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Prominent players operating in the skid steer loader landscape include CNH Agriculture N.V., ASV Sales & Services, Bobcat Company, Wacker Neuson SE Komatsu Ltd., Hitachi Construction Machinery Co. Ltd., Deere & Co., Yanmar Co. Ltd. and Kubota Corporation among others. Key expansion strategies include portfolio diversification, capacity expansion and technological advancements.
Several manufacturers are leveraging AI and Industry 4.0 to automate their product offerings. For instance, in 2020, Kubota Corporation invested a stake in American startup FarmX Inc. to manage and automate irrigation, minimize crop stress and maximize yield. This initiative is expected to assist the company in equipping its steer loaders with advanced software to achieve greater precision in agricultural operations.
Bobcat Company is a prominent skid steer loader manufacturer, offering a range of equipment such as the S70 Skid Steer Loader, the S450 Skid Steer Loader, the S510 Skid Steer Loader and the S62 Skid Steer Loader among others. The S510, for instance, offers maximized uptime with its innovative and new fuel system for more efficient operation and easy serviceability.
In its latest report, Fact.MR has presented a detailed analysis of the global skid steer loader market, along with an assessment for the years 2021-2031. To provide a better understanding, the market has been segregated into several segments. Based on lift, the market is divided into radial and vertical. Capacity of up to 2000 lbs, 2000 to 3000 lbs, and above 3000 lbs come under the segment of operating capacity. The engine power segment is sub-segmented into up to 65 hp, 66 to 80 hp, and above 80 hp. Based on application, the skid steer loader market is divided into construction, agriculture and forestry, mining, industrial, ground maintenance, and others. Lastly, based on region, the market is divided into
North America , Latin America ,
Europe , East Asia ,
South Asia , Oceania, and MEA.
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