Press release
Dozer Market is forescasted to grow at a CAGR of 2.50% during the period 2017-2026
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. This along with higher degree of urbanization are anticipated to create opportunities for adoption of various dozers for earthmoving purposes. OEMs are focusing on the design of compact dozers capable of operating in uneven and small terrains, which in turn will attract new customers and pave growth opportunities for the global dozer market.
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High initial investment of dozers continues to be major challenge, along with their noisy operations making them unsuitable for use around residential areas. With regard to this, construction industries are moving toward less noisier alternatives, which can impact demand for dozers. During the forecast period (2017-2026), the global market for dozer is projected to register a moderate expansion according to a new report developed by Fact.MR. Global sales of dozer are estimated to cross 34,500 Mn units, to exceed revenues worth US$ 2,700 Mn by 2026-end.
APEJ to Remain Most Remunerative Market for Dozer
Increasing urbanization in developing countries of Asia-Pacific excluding Japan (APEJ) such as China and India will fuel the market growth in this region. Large infrastructural investments are being made across a wide range of sectors in the region, such as education, healthcare, utilities, energy and transportation, which in turn are anticipated to boost adoption of dozer in the near future. APEJ will continue to be the most remunerative market for dozer, followed by North America and Europe. Combined revenues from the markets in North America and Europe are expected to remain relatively lower than those from the market in APEJ by 2026-end.
With robust growth in construction activities associated with transit, residential & commercial buildings, and infrastructure development, demand for dozers will witness a surge in the near future, Construction is anticipated to remain the most lucrative end-use vertical in the global dozer market during the forecast period. Mining will also remain a somewhat lucrative end-use vertical of dozer, as it involves operations such as mineral processing, screening & pulverizing and crushing.
Key Research Findings from Fact.MR’s Report on Dozer Market
Dozers with operating weight of 20,000-60,000 lb will remain dominant in the market, in terms of revenues as well as volume sales. Dozers with flywheel power of more than 250 hp will remain sought-after in the market.
Competition Tracking
Key companies profiled by Fact.MR’s report that are actively contributing to expansion of the global dozer market include Zoomilion, SHANDONG SHANTUI CONSTRUCTION MACHINERY IMP&EXP CO, CNH Industries, Guangxi Liugong Machinery Co., Ltd., Bell Equipment Co SA, Komatsu, Liebherr, Deere & Company, and Caterpillar.
Report Overview at https://www.factmr.com/report/385/dozer-market
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