Global Dozer Market - size, Share, Outlook, and Opportunity Analysis, 2018-2026
A dozer, also known as bulldozer, is a crawler
which is equipped with a weighty metal plate that is mainly used in
moving soil, sand, debris or other such materials or ruins. Some
dozers also have huge tires instead of continuous tracks.
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These equipment are widely used at construction
sites where they are used to lift debris; at heavy industry
factories; at mining sites and quarries; at military bases; and
farms. Deforestation, earth moving, ground levelling, and road
carving are some of the applications by regular earth moving
Bulldozers.
Increasing construction activities is the
main driving factor for growth of the dozer market
The growth of the construction industry is a major
factor leading to increasing adoption of dozers, thus aiding in
growth of the market. According to Chartered Institute of
Building, by 2030, the construction industry is expected to account
for 14.7% of the global GDP. Moreover, by 2030, the global
construction market is projected to be valued at US$ 17.5 trillion up
from US$ 8 trillion in 2015. Governments of various countries
are focusing on various initiatives to develop better infrastructure
such as roads, railways, and airports to enhance economic
development. For instance, according to Indian Government’s Union
Budget 2018 – 2019, the government has allocated funds of US$ 92.22
billion for the infrastructure sector. Moreover, urbanization led to
increasing demand for better facilities, infrastructure, and housing.
This is expected to aid in growth of the construction
industry. According to United Nation Organization’s analysis,
54.5% of the world population lived in urban cities in 2016 and is
projected to reach 60% by 2030. Bulldozers being an essential
equipment in the construction industry, this is anticipated aid in
growth of the market over the forecast period.
Increasing applications of dozers in
various verticals is expected to be major factor for growth of the
market over the forecast period
Dozers are most commonly used in the construction
industry at sites or conversion sites, where digging or moving large
quantities of rubble is required. Dozers also have a claw, known as
ripper, at the rear which is used to loosen up densely compacted
material. Heavy bulldozers are also used in levelling the terrain.
The blades used in dozers vary in shapes and sizes
to make them suitable for various task. The straight blade or 'S'
blade is short and straight and is mainly used in fine grading; the
Universal or 'U' Blade is designed with a tall, curved blade with
large side, to carry material; Semi-U or 'S-U' shaped blade or 'S-U'
blade is short with less curvature and short side, a design which is
mainly used in pushing material.
Dozer market: Regional Insight
On the basis of region, the dozer market is
segmented into North America, Europe, Asia Pacific, Latin America,
Middle East, and Africa.
Asia Pacific held the dominant position in the
market in 2017 and is projected to retain its dominance throughout
the forecast period (2018–2025). China, India, and Japan are the
growth engines in the region. This is owing to increasing
infrastructure projects in these countries. For instance, in 2013,
China announced 'one belt one road initiative' to connect three
regions (Asia, Africa, and Europe), which has increased aided in
growth of the construction industry in the country. Moreover,
increasing government investments in infrastructure sector in India
is expected to aid in growth of the market. For instance, according
India Brand Equity Foundation (IBEF), in April 2018, in the Union
Budget 2018-2019, Government has allocated US$ 92.22 Billion for the
infrastructure sector. Dozers play a vital role in the
construction industry, thus creating a conducive environment for
growth of the dozer market in Asia Pacific.
Dozer Market: Competitive Insight
Key players operating in the global dozer market
are Caterpillar, Komatsu, John Deere, Liebherr, Hitachi
Construction Machinery Co., Ltd., AB Volvo, Nanjing, and
Dressta.
Dozer Market: Taxonomy
By Product Type
-
Crawler Bulldozer
-
Wheeled Bulldozers
-
Mini Dozers
By Application:
-
Construction Industry
-
Mining Industry
-
Others
By Region:
-
North America
-
Europe
-
Asia Pacific
-
Latin America
-
The Middle East
-
Africa
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