Skid Steer Loader Market is estimated to be US$ 3.35 billion by 2030 with a CAGR of 3.0% during the

Global Skid Steer Loader Market accounted for US$ 2.62 billion in 2020 and is estimated to be US$ 3.35 billion by 2030 and is anticipated to register a CAGR of 3.0%. Skid steer loaders are utilised in a wide range of industries, including mining, agriculture, forestry, and ground maintenance. All of these areas, however, pale in comparison to their utilisation in construction. Due to the emergence of COVID-19, most countries enforced nationwide lockdowns to combat the deadly virus, bringing the construction industry to a halt, as well as causing supply chain disruptions and a human resource scarcity. Skid steer loader manufacture was also impacted considerably. The United States is a major producer of skid steer loaders, and according to UNIDO, the country's machinery industry will contract by 4.9 percent by 2020, hitting the skid loader market directly.