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Dozer Market: OEMs focusing on Development of Compact Dozer Capable of Operating in Uneven & Small Terrains || Key Players: CNH Industries, SHANDONG SHANTUI CONSTRUCTION MACHINERY IMP&EXP CO, and Zoomilion
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.
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Rapid globalization is expected to pave a favorable environment to attract foreign direct investment, with higher disposable income of consumers across the globe opening doors for enhanced infrastructure spending. This will further create demand for dozers for construction activities related to residential and commercial buildings. Requirement for better connectivity that entails development of transit network such as roads and railways will further result into adoption.
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.
Dozers with flywheel power of more than 250 hp are expected to remain the leading revenue contributor to the market, followed by those with flywheel power of 125-250 hp. Revenues from dozers with flywheel power of 75-125 hp are expected to remain significantly lower than those from more than 250 hp and 125-250 hp.
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Construction will continue to be the largest end-use vertical of dozers, with a market revenue share relatively higher than those of mining and forestry & agriculture combined.
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.
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
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