The four major types of skid steer loaders are Agricultural, 29%; Rental Fleets, 22%; Construction, 20%, and Landscape, 12%.
92,700 units is the estimate by Power Systems Research of the number of Skid Steer Loaders to be produced in North America (United States and Canada) in 2022.
This information comes from industry interviews and from two proprietary databases maintained by Power Systems Research: EnginLink™ , which provides information on engines, and OE Link™, a database of equipment manufacturers.
Exports: Collectively, up to 25% worldwide
Market Share: With 33.5% of total units produced Bobcat leads in production of Skid Steer Loaders in North America. In second and third positions are Case New Holland and Deere with 21.5% and 15.5%, respectively.
Trends: In 2021, production of skid steer loaders in North America increased nearly 4% YoY. Production is expected to gain another 4.5% in 2022. The 2020 decline was mostly attributed to COVID-19 related factors along with new equipment saturation in the market and a slight drop in construction related activities.
The recent gains are attributed to the need for new construction equipment and the overall stabilization of the economy, especially in the construction industry. As the construction industry continues to recover, construction will continue to be a key driver in overall industry growth.
Sales are reduced by sluggish demand in the American agriculture industry (still battling soft commodity prices) that accounts for 29% of all skid steer usage in the market today. Expect production of skid steer loaders in NA to increase up to 7% over the next 3-5 years. PSR
Carol Turner is Senior Analyst, Global Operations, for Power Systems Research
