Heavy Duty: Dozer Market Explores Size Surge, Trends, and Lucrative Growth Opportunities

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033

The Business Research Company offers in-depth market insights through Dozer Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
The dozer market size has grown strongly in recent years. It will grow from $1.32 billion in 2023 to $1.45 billion in 2024 at a compound annual growth rate (CAGR) of 9.9%. The growth in the historic period can be attributed to environmental awareness and regulations, government incentives and subsidies, consumer demand for fuel efficiency, global efforts to combat climate change, infrastructure development for electric vehicles..

The dozer market size is expected to see strong growth in the next few years. It will grow to $2.02 billion in 2028 at a compound annual growth rate (CAGR) of 8.6%. The growth in the forecast period can be attributed to evolving automotive regulatory landscape, expanding charging infrastructure, rising energy efficiency standards, cost reductions in battery manufacturing, global market competition and innovation, consumer perception and awareness.. Major trends in the forecast period include adoption of silicon carbide (sic) and gallium nitride (gan) semiconductors, integration of regenerative braking systems, shift towards multi-motor configurations, development of direct drive systems, integration of predictive maintenance technologies, focus on scalability and modularity in drivetrain design..

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Market Segmentation:
The dozer market covered in this report is segmented -

1) By Product Type: Crawler Bulldozer, Wheeled Bulldozer, Mini Dozers
2) By Operating Weight: Under 20,000 lb, 20,000-60,000 lb, 60,000-150,000 lb, Over 150,000 lb
3) By End User: Construction, Mining, Forestry And Agriculture, Other End Users

Major Driver - Construction Boom Ignites Dozer Market Growth
The increasing construction activities are expected to propel the growth of the dozer market going forward. Construction activities refer to the various tasks and processes involved in the creation, modification, or maintenance of structures, buildings, infrastructure, and other physical facilities. Dozers play a crucial role in various construction activities due to their versatility, efficiency, and ability to handle heavy-duty tasks. For instance, in September 2021, according to a report published by Oxford Economics, a UK-based economic information services company, the global construction production was $10.7 trillion in 2020, and between 2020 and 2030, it is anticipated to increase by 42%, or $4.5 trillion, to reach USD 15.2 trillion. Therefore, the increasing construction activities are driving the growth of the dozer market.

Competitive Landscape:
Major companies operating in the dozer market report are Hitachi Construction Machinery Co. Ltd., Caterpillar Inc., Deere & Company, Mitsubishi Heavy Industries Ltd. , Komatsu Ltd., CNH Industrial N.V., Kubota Corporation, Xuzhou Construction Machinery Group Co. Ltd., Liebherr International AG, Volvo Construction Equipment AB, Yanmar Co. Ltd. , Bobcat Company, BEML Limited, Sany Group Co. Ltd., YTO Group Corporation, Liugong Machinery Co. Ltd., Guangxi Liugong Machinery Co. Ltd., Shandong Shantui Construction Machinery Import & Export Co. Ltd., Bell Equipment Co SA , Kobelco Construction Machinery Co. Ltd. , Rockland Manufacturing Company, Dressta Co. Ltd., Zoomlion Heavy Industry Science & Technology Co. Ltd., Doosan Infracore Construction Equipment, Chelyabinsk Tractor Plant

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This release was published on openPR.