PUBLISHER: Allied Market Research | PRODUCT CODE: 1344525
PUBLISHER: Allied Market Research | PRODUCT CODE: 1344525
The bulldozer market is expected to experience a significant growth rate of 6.3% from 2023 to 2032 owing to rapid infrastructure development and a rise in investments in mining and other industrial activities globally -Allied Market Research
For the purpose of analysis, the global bulldozer market scope covers segmentation based on product type, blade type, end-use, operating weight, and region. The report provides information on various product types such as crawler bulldozers, wheeled bulldozers, and others. In addition, it highlights the details about different blade types, including S-blade, U-blade, SU-blade, and others. Moreover, the major end users covered in the study include agriculture, construction, forest, mining, and others. Furthermore, it provides information on the diverse operating weight of bulldozers, including less than 10,000 kg, 10,000-30,000 kg, and more than 30,000 kg.
Expansion of the construction and mining industries acts as the key driving force of the global bulldozers market. This is attributed to the fact that these industries require heavy equipment for various tasks, and bulldozers are among the most versatile and powerful tools available. In addition, government infrastructure projects such as road building and bridge construction contribute to the demand for bulldozers.
Furthermore, the integration of advanced technology to increase efficiency and productivity on job sites fosters market growth. For instance, Caterpillar's D6 XE bulldozer features an electric drivetrain that delivers up to 35% better fuel efficiency and offers greater control over the machine's speed and direction. Moreover, the D6 XE is equipped with an integrated GPS system that allows for precise grading and leveling of the terrain, reducing the need for manual intervention and increasing job site efficiency.
Major players operating in the bulldozer market include Caterpillar Inc., CNH Industrial N.V., Doosan Infracore Co. Ltd., Komatsu Ltd., Liebherr Machines Bulle SA, and Shantui Construction Machinery. These companies are entering into a dealership agreement with local or regional dealers to expand their market reach and increase sales. These agreements involve the manufacturer supplying the dealer with the machines and spare parts, while the dealer is responsible for marketing, sales, and service in their designated territory. For instance, in June 2020, Caterpillar Inc. signed a dealership agreement with Berge y Compania to expand its presence in Spain and Portugal. Under the agreement, Berge y Compania became the official dealer of Caterpillar construction equipment, including bulldozers, in the two countries.
Region wise, the market is analyzed across North America (U.S., Canada, and Mexico), Europe (UK, Germany, Netherlands, France, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).