Dozer Market Analysis and Forecast 2020: By Keyplayers Caterpillar, Komatsu, John Deere, Liebherr, Hitachi Construction Machinery Co., Ltd., AB Volvo, Nanjing, and Dressta.
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.
Some bulldozers have buckets replacing the blades. Mining dozers are a smaller version of the original dozers, along with a few modifications, making it easier for operation in small areas with limited movements. Komatsu America Corp, Caterpillar Inc. are some of the companies, which manufacture mining dozers.
Moreover, in regions where heavy snowfalls is observed, the land gets completely covered by thick layers of ice/snow. In these regions, light weight dozers are used to remove the snow. For instance, the Calf dozers and Angle plate dozers are majorly used to remove the snow.
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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.
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Dozer Market: Taxonomy
By Product Type
• Crawler Bulldozer
• Wheeled Bulldozers
• Mini Dozers
• Construction Industry
• Mining Industry
• North America
• Asia Pacific
• Latin America
• The Middle East
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