Growth of the global dozer market will continue to be affected by growing demand for better infrastructure facilities, and development of advanced dozers that require low maintenance and are equipped with eco-friendly features. Various government initiatives focused toward infrastructure development, along with growing investments in the construction sector globally will further fuel demand for dozer. This Fact.MR report discusses key prospects for growth of global dozer market during the forecast period, 2017-2022, offering pragmatic insights to lead market players towards devising & implementing informed strategies.
Dozers are specifically used for a range of applications such as deforestation, earthmoving, and road carving amongst several other functions which are projected to keep the growth pace high. Besides ample usability in a host of applications, technological innovations for improved functionality are further estimated to reflect favorably towards surged adoption and growth. Despite high functional edge, dozers are often eliminated from heavy residential projects owing to a number of down sides such as loud noise, besides high maintenance costs. Leading vendors therefore in dozers market are keen towards developing superlative, cost efficient dozers with superlative noise control capabilities to resonate with industry demands, thus incurring massive growth in dozers market.
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OEMs focusing on Development of Compact Dozer Capable of Operating in Uneven & Small Terrains
Earthmoving and construction equipment have witnessed a rapid transformation on the basis of technological shifts, from the conventional equipment to advent of enhanced capacity machinery such as dozers. The organized construction industry plays a pivotal role in demand for dozers. Apart from the construction sector, mining, irrigation and several other infrastructure segments such as power plants and railways also contribute to adoption. In addition several developing countries have been making enormous investments on infrastructure development.
Dozer Market: Overview
The dozer market has been assessed at length to conclude definitive workable insights on market performance for the forecast tenure 2017-26. The report is an illustrative handbook of diverse market developments encompassing an overview of quintessential highlights such as macro and microeconomic determinants that maneuver market growth, also lending viable inputs on other concurrent factors that set the course of events for future growth trajectory in dozer market.
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Dozers with an operating weight of 20,000-60,000 lb are anticipated to remain dominant in the market, in terms of revenues. More than 16,000 dozers with this operating weight are expected to sold across the globe by 2026-end, Dozers with an operating weight of 60,000-150,000 are expected to account for the second largest revenue share of the market by 2026-end. Dozers with operating weights under 20,000 lb and over 150,000 lb are projected to account for the lowest market revenue shares during the forecast period.
Dozer Market: Competition Landscape
Key market players identified by the report include Caterpillar, Deere & Company, Liebherr, Komatsu, Bell Equipment Co SA, Guangxi Liugong Machinery Co., Ltd., CNH Industries, SHANDONG SHANTUI CONSTRUCTION MACHINERY IMP&EXP CO, and Zoomilion.
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