What is Global Skidders Market?
The Global Skidders Market is a vast and dynamic sector that plays a crucial role in the global economy. Skidders are specialized heavy-duty vehicles used in forestry and agriculture for pulling cut trees out of a forest during logging operations. The global market for these machines is continually evolving, driven by technological advancements, changing consumer preferences, and fluctuating economic conditions. In 2023, the market was valued at a substantial US$ 1243.1 million, indicating a robust demand for these machines worldwide. The market is projected to grow further, reaching an estimated value of US$ 1522.1 million by 2030. This growth trajectory represents a Compound Annual Growth Rate (CAGR) of 2.9% during the forecast period from 2024 to 2030.
Crawler Type, Wheel Type in the Global Skidders Market:
The Global Skidders Market is segmented into two main types based on the design of the machines: Crawler Type and Wheel Type. Crawler Type skidders are equipped with tracks instead of wheels, which provide better traction and stability on uneven or slippery terrains. These machines are typically used in areas with challenging ground conditions, such as steep slopes or wetlands. On the other hand, Wheel Type skidders are more versatile and can be used on a variety of terrains. They are generally faster and more efficient than their crawler counterparts, making them the preferred choice for many logging operations. The choice between these two types depends on the specific requirements of the job and the conditions of the work site.
Forestry, Agriculture in the Global Skidders Market:
Skidders are primarily used in two sectors: Forestry and Agriculture. In the Forestry sector, skidders are indispensable for logging operations. They are used to pull cut trees out of the forest, a process known as skidding. This process is crucial for transporting the logs to a landing area where they can be loaded onto trucks for further processing. In the Agriculture sector, skidders are used for land clearing operations. They are used to remove trees and other vegetation to make way for agricultural activities. The versatility and efficiency of these machines make them a valuable asset in both these sectors.
Global Skidders Market Outlook:
Looking at the market outlook, the Global Skidders Market is set for steady growth in the coming years. In 2023, the market was valued at a significant US$ 1243.1 million. This value is expected to increase to US$ 1522.1 million by 2030, representing a Compound Annual Growth Rate (CAGR) of 2.9% during the forecast period from 2024 to 2030. North America is a major player in this market, accounting for nearly 51.79% of the total production of skidders in 2019. This dominance can be attributed to the region's vast forest resources and advanced forestry industry.
| Report Metric | Details |
| Report Name | Skidders Market |
| Accounted market size in 2023 | US$ 1243.1 million |
| Forecasted market size in 2030 | US$ 1522.1 million |
| CAGR | 2.9% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | John Deere, Cat (Caterpillar), Weiler Forestry, IRUM, Tigercat, HSM, Kesla OYJ, Awassos, KMC-Kootrac |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
