Bulldozer Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2026
- Transparency Market Research
A bulldozer is a type of off-road vehicle which is equipped with a significant metal plate/blade. It is utilized in construction and conversion work in order to push large quantities of soil, sand, debris, or other such materials. Bulldozers equipped for warfare engineering roles are often tailored with armor in order to protect the driver from debris and others material, which enables bulldozers to be utilized in combat zones. It is a modification in the regular application bulldozer and is known as an armored bulldozer.
Moreover, a rise in automation and usage of machinery to ease the work of humans in various industries such as agriculture, construction, mining, and infrastructure have increased the utilization of bulldozer in these sectors. Increase in demand and production of off-road vehicles is projected to boost the bulldozer market, as it is off-road vehicle, during the forecast period. Construction and mining industries are likely to expand during the forecast period. This is estimated to propel the market for bulldozers. Governments of various countries across the globe are spending more on infrastructure and transportation. This increased investment in transportation and infrastructure is likely to boost the global bulldozer market.
However, the high cost and maintenance expenditure of these vehicles are anticipated to significantly restrain the bulldozer market. Labor shortage is a major issue that is likely to restrain the global bulldozer market. Regulatory bodies are imposing stringent norms, globally, to reduce carbon emissions from automobiles. Bulldozers burn large amounts of fuel and generate more carbon emission, as compared to normal vehicles, as they require a large amount of power to operate.
The bulldozer market can be segmented based on end-use industry, engine capacity, and geography.
Bulldozers are utilized in various sectors such as military, construction, infrastructure, mining, and agriculture. The construction industry segment is likely to hold a major share of the market due to increased scope of utilization of bulldozers for transportation and infrastructure.
Based on engine capacity, the bulldozer market can be classified into less than 5L, 5L to 10L, and more than 10L. Capacity is measured by the volume of the engine bore, wherein the heating of fuel takes place. Heavy-duty vehicles possess higher capacity engines for improved performance.
In terms of geography, the bulldozer market can be segmented into North America, Europe, Asia Pacific, and Rest of the World (ROW). Asia Pacific accounts for a prominent share of the global bulldozer market, owing to the high rate of adoption of bulldozers and the booming automotive sector, leading to an increased production of bulldozers, especially in China and India.
Key players operating in the global bulldozer market include Caterpillar Inc., Cummins Inc., Liebherr Group, Deutz AG, Kubota Corporation, J. C. Bamford Excavators Ltd., Deere and Company, and Volvo Construction.
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- North America (U.S. and Canada)
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- Eastern Europe (Poland and Russia)
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- Middle East and Africa (GCC, Southern Africa, and North Africa)
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