Stand on Mini Skid Steer Loader Market Trends

Global Stand on Mini Skid Steer Loader Market Overview

Stand on Mini Skid Steer Loader Market Size was valued at USD 2.53 billion in 2021. The Stand on Mini Skid Steer Loader industry is projected to grow from USD 2.62 Billion in 2022 to USD 3.61 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 4.1% during the forecast period (2022 - 2030). Rising number of infrastructure projects worldwide and increasing government spending in construction industry are the key market drivers boosting the growth of the Stand on Mini Skid Steer Loader market.Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Stand on Mini Skid Steer Loader Market Trends

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  Rising number of infrastructure projects worldwide and increasing government spending in construction industry is expected to drive market growth.

  
  

The rising number of infrastructure projects globally will positively affect the market growth in coming years. Investment into infrastructure leads to higher growth and productivity and facilitates trade & connectivity. The major factor driving their adoption in infrastructure projects is due to their capacity to work in confined places and are compact making them useful in construction tasks where longer trucks and other equipment cannot reach or are difficult to operate. The growing number of residential construction infrastructure projects in several countries, including the UK, Canada, Germany, China, and Russia will demand more stand-on mini skid steer loaders in coming years. For instance, the Krampnitz Housing Development Project, which is scheduled to begin in 2022, calls for the development of a housing complex on 150 acres of land at Krampnitz Barracks in Potsdam, Brandenburg, Germany, with the goal of housing 10,000 people there by 2038. Also, the increasing government spending on construction projects in developing and developed countries will bring new opportunities for market growth over the forecasted timeline. For instance, in 2022, the European government announced to invest around EUR 460 million in its regional construction industry. The government spend 53% more in 2022 as compared to 2021. This funding will help to construct various residential and commercial buildings, flyovers, bridges, and roads. In addition, authorities in regions such as North America, have observed increased spending on private construction activities, especially in the US. According to the Federal Reserve Bank of St. Louis, the total construction spending in the US increased by approximately 7.8% in January 2020 as compared to that of January 2019. Such factors will help the market to grow exponentially during the forecast period. Moreover, several government authorities are also doing various partnership projects to increase their investment in the construction sector. For instance, in February 2022, government of France announced a partnership with China to build several seven key infrastructure projects globally. France and China will jointly build US$1.7 billion worth of seven key infrastructure projects across Southeast Asia, Africa, and Eastern Europe.

HD Hyundai, formerly known as Hyundai Heavy Industries (HHI), South Korea’s largest shipbuilder, has chosen offshore wind power, next-generation nuclear power generators and autonomous shipping as its new growth engines in January 2023.

Stand on Mini Skid Steer Loader Market Platform Segment Insights

Stand on Mini Skid Steer Loader Market Type Insights

Based on type, the Stand on Mini Skid Steer Loader Market segmentation includes Wheeled Skid Steer Loaders and Tracked Skid Steer Loaders. The Tracked Skid Steer Loaders held the majority share in 2021, contributing around ~70% to the market revenue. Tracked skid steer loaders are heavy-duty machines with tracks instead of wheels, which provide them with excellent stability and maneuverability on rough terrain. A stand on tracked skid steer loader is a type of skid steer loader that allows the operator to stand on a platform located behind the machine's cab, rather than sit inside it like a traditional skid steer. These machines are designed for applications where the operator needs to frequently get on and off the machine to move obstacles, load, and unload materials, or perform other tasks that require close proximity to the ground. The stand-on platform allows the operator to easily step off the machine to perform these tasks and quickly get back on to move the machine to the next location. Stand on tracked skid steer loaders are commonly used in construction, landscaping, agriculture, and other industries where heavy loads need to be moved on uneven or rough terrain.

A stand-on wheeled skid steer loader is a type of compact, versatile construction machine designed for use in a variety of tasks, such as landscaping, demolition, and construction. These machines are characterized by their compact size, maneuverability, and flexibility. As the name suggests, a stand-on wheeled skid steer loader features a standing platform that allows the operator to stand while operating the machine.

Figure1: Stand on Mini Skid Steer Loader Market, by Type, 2021 & 2030 (USD Billion)Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Stand on Mini Skid Steer Loader Market Engine Power Insights

The Stand on Mini Skid Steer Loader Market segmentation, based on engine power, includes Up to 30 HP, 30 to 40 HP, and 40 to 50 HP. Up to 30 HP dominated the market in 2021 and is expected to continue dominating the market during the forecast period 2022-2030. A stand-on mini skid steer loader is a compact and versatile piece of equipment that is designed for use in a variety of applications, such as landscaping, construction, and agriculture. It typically has a horsepower range of Up to 30, which makes it ideal for handling small to medium-sized loads. Some popular models of stand-on mini skid steer loaders include the Bobcat MT100, Ditch Witch SK600, Toro Dingo TX 427, Vermeer S925TX and Boxer 322D. These machines are known for their maneuverability and agility, which allows operators to navigate through tight spaces and work in areas with limited access. The size and weight of stand-on mini skid steer loaders also make them easy to transport and maneuver on the job site. Stand-on mini-skid steer loaders with 30HP to 40HP engines are compact machines that are perfect for use in a wide range of applications. These machines offer excellent performance in tight spaces, making them ideal for construction, landscaping, and farming tasks that require agility and maneuverability. The primary benefit of a stand-on mini-skid steer loader is its compact size. The compact design of the machine allows it to navigate through narrow areas such as gates, alleys, and paths, which would be difficult or impossible for larger machines.

Stand on Mini Skid Steer Loader Market Application Insights

The Application segment of the Stand on Mini Skid Steer Loader Market size includes Construction, Agriculture & Forestry, Ground Maintenance, and Others. The Construction segment dominated the market in 2021 and is projected to be the fastest-growing segment during the forecast period 2022-2030. Stand-on mini skid steer loaders are becoming increasingly popular in the construction industry due to their compact size, versatility, and ability to access tight spaces. These machines are small enough to fit through narrow doorways and tight hallways, making them ideal for indoor construction and renovation projects. One of the major benefits of stand-on mini skid steer loaders is their ability to manage a wide range of tasks. They can be used for digging, grading, hauling, and even demolition work with the right attachments. Another advantage of stand-on mini skid steer loaders is their maneuverability. They have a zero-turn radius, allowing them to easily navigate around obstacles and tight corners. They are also equipped with tracks or tires that provide excellent traction on a variety of surfaces, including mud, gravel, and concrete.

Similarly, Sandvik Mining and Rock Solutions declared that it had introduced AutoMine AutoLoad 2.0 in June 2023 for loaders with fixed draw point and dump point mining applications for full automation production cycles. Hence, these technological advancements represent the key market opportunity for loaders.

Stand on Mini Skid Steer Loader Market Regional Insights

By Region, the study provides market insights into North America, South America, Western Europe, Eastern Europe, APAC, and MEA. The Asia Pacific Stand on Mini Skid Steer Loader Market accounted for ~29% market share in 2021 and is expected to exhibit a significant CAGR growth during the study period. This is due to the substantial number of key players in APAC, making it the primary contributor to the market share. The market is experiencing growth due to highly dynamic industry that is influenced by several factors, including economic conditions, technological advancements, and changing consumer preferences. The Asia Pacific region is experiencing rapid growth in the construction industry, which is driving the demand for stand-on mini skid steer loaders. These machines are highly versatile and can be used for various construction tasks, such as digging, lifting, and hauling. The adoption of automation in the construction industry is increasing rapidly and stand-on mini skid steer loaders are no exception. These machines can be equipped with various automation technologies, such as sensors and GPS, to enhance their performance and efficiency. With increasing awareness about environmental sustainability, there is a growing demand for eco-friendly machines in the construction industry. Manufacturers are responding to this demand by developing stand-on mini skid steer loaders that are more energy-efficient and produce fewer emissions. The Asia Pacific region is witnessing rapid technological advancements in the construction industry, which are driving the development of new and improved stand-on mini skid steer loaders.

Further, The North America Stand-on Mini-Skid Steer Loader market is expected to experience steady growth in the coming years due to several factors, including the increasing demand for small construction equipment, the growing trend of using compact machinery for landscaping and farming applications, and the rise in residential and commercial construction activities. One of the major drivers of the market is the increasing demand for small construction equipment in urban areas, where space is limited, and access is restricted. As a result, North America, particularly the U.S., and Canada, is expected to drive the Stand on Mini Skid Steer Loader market growth.

Figure2: STAND ON MINI SKID STEER LOADER MARKET SIZE BY REGION 2021&2030Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Further, the major countries studied in the market report are the Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Stand-on mini skid steer loaders are manufactured in South America by several top producers, including Bobcat, and others. Due to the fact that diesel-powered equipment is still the most effective and affordable choice in the region, the stand-on compact skid steer loader market in South America is characterized by a growing tendency towards diesel-powered equipment.

Moreover, the construction industry in Western Europe is mature and advanced, and it continues to grow at a steady pace. The construction industry has been fostering the demand for mini skid steer loaders in the region. Western Europe's stand-on mini skid steer loader market is anticipated to expand at a moderate rate due to the rising demand for small, adaptable machinery from a variety of industries.

The adoption of advanced technologies, such as electric and hybrid power sources, is also expected to boost the demand for these machines in the coming years. In recent years, the construction industry in Eastern Europe has been growing steadily, which has led to an increase in demand for compact equipment like mini skid steer loaders.

Stand on Mini Skid Steer Loader Market Key Market Players & Competitive Insights

With a strong presence across different verticals and geographies, the Stand on Mini Skid Steer Loader Market is highly competitive and dominated by established, pure-play vendors. Over significant vendors cater to this market, and they continually innovate their solutions to meet the evolving needs of businesses by adopting innovative technologies. These vendors have a robust geographic footprint and partner ecosystem to cater to diverse customer segments. The Stand on Mini Skid Steer Loader Market is highly competitive, with many vendors offering related products and services.

The major players in the market include Kubota Corporation, Bobcat Company, Wacker Neuson Se, The Toro Company, among others. The Stand on Mini Skid Steer Loader Market is a consolidated market due to increasing competition, acquisitions, mergers and other strategic market developments and decisions to improve operational effectiveness.

Key Companies in the Stand on Mini Skid Steer Loader Market include.

• KUBOTA CORPORATION


• BOBCAT COMPANY


• VERMEER CORPORATION


• WACKER NEUSON SE


• THE TORO COMPANY


• DITCH WITCH


• KANGA LOADERS

Stand on Mini Skid Steer Loader Market Industry Developments

Stand on Mini Skid Steer Loader Market Segmentation

Stand on Mini Skid Steer Loader Market Type Outlook

• Wheeled Skid Steer Loaders


• Tracked Skid Steer Loaders

Stand on Mini Skid Steer Loader Market Engine Power Outlook

• Up To 30 HP


• 30 To 40 HP


• 40 To 50 HP

Stand on Mini Skid Steer Loader Market Application Outlook

• Construction


• Agriculture & Forestry


• Ground Maintenance


• Others

Stand on Mini Skid Steer Loader Market Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  • Mexico
  
  
  
  


• South America
  
  
  
  • Brazil
  
  
  • Argentina
  
  
  • Rest of South America
  
  
  
  


• Western Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • Austria
  
  
  • Netherlands
  
  
  • Switzerland
  
  
  • Rest of Western Europe
  
  
  
  


• Eastern Europe
  
  
  
  • Bulgaria
  
  
  • The Czech Republic
  
  
  • Hungary
  
  
  • Poland
  
  
  • Romania
  
  
  • Slovakia
  
  
  • Rest of Eastern Europe
  
  
  
  


• Asia Pacific
  
  
  
  • China
  
  
  • India
  
  
  • Japan
  
  
  • Rest of APAC
  
  
  
  


• Middle East & Africa
  
  
  
  • Saudi Arabia
  
  
  • UAE
  
  
  • South Africa
  
  
  • Rest of MEA