Press release
Volume Sales of Dozer Market will Remain Largest in APEJ till 2026
Fact.MR
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According to Fact.MR’s recently developed report, expansion of the global dozer market is projected to remain moderate through the forecast period, 2017 to 2026, in terms of value as well as volume. Revenues from dozer sales across the globe are estimated to exceed US$ 2,500 Mn by 2026-end. Volume sales of dozers are forecast to reach nearly 35,000 Mn units by 2026-end.
Rapid Globalization attracting Foreign Direct Investment to Fuel the Market Expansion
Growing urban population worldwide has led to rapid demand for better infrastructure facilities, which is being catered by the advent of advanced earthmoving equipment such as dozers with lower maintenance requirements and equipped with eco-friendly features. Varied technological advancements have led toward the facilitation of monitoring and failure detection of dozers in real-time. 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.
Various government initiatives are being undertaken for infrastructure development, along with rising investments in the construction sector. For example, the government of Saudi Arabia has planned to develop 6 mega-economic cities and nearly 800 new factories for creating accommodation and employment. This will further drive demand for dozers. However, economic and political uncertainty, along with implementation of norms related to emission control by regulatory authorities might challenge the market expansion. In addition, regulations and interdictions on mining activities globally coupled with the host cost may impede demand for dozers.
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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.
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.
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About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized Automotive Market Reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
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