Dozer Market: Global Industry Analysis and Forecast (2023-2029)

Dozer Market size was valued at US$ 1.30 Bn. in 2022 and the total revenue is expected to grow at 8.6 % through 2023 to 2029, Dozer Market is reaching nearly US$ 2.32 Bn. by 2029.
Dozer Market Overview:
Dozers are diesel-powered wheel tractors with blades. These are the most basic and flexible heavy-duty equipment in the housing industry, designed to provide high drawbar pull and traction effort. Crawler dozers are trailed machines with a front-mounted spade that are used to move enormous amounts of materials like sand, soil, and rubble. In 2022 the world trade of bulldozer market is USD $ 190 Mn, in that Mexico is the top exporter (USD $ 31.5 Mn) and the United States is the top importer (USD $ 51.1 Mn). The blades of the dozer are used to push away the drift and crate the flat surface for the construction.To know about the Research Methodology :- Request Free Sample Report
Key Projection –
Large investments in urban and rural infrastructure development, such as residential areas, IT parks, roads, and ports, the dozer market in Asia-Pacific excluding Japan (APEJ) will continue to see high increases. In terms of revenue and volume sales, APEJ will continue to lead the worldwide dozer market. North America will lag behind APEJ, with sales expected to exceed 6,000 million units by the end of 2029. Europe will continue to be a significant market expansion zone. Latin America, the Middle East, and Africa (MEA), as well as Japan, will continue to be less profitable markets for dozer.

In terms of income, dozers with an operational weight of 20,000-60,000 lb are expected to remain dominating. By the end of 2026, more than 16,000 dozers with this operating weight are predicted to be sold worldwide. Dozers with an operating weight of 60,000-150,000 are expected to account for the second-biggest revenue share of the market. During the forecast period, dozers with operational weights of less than 20,000 lb and more than 150,000 lb are expected to have the lowest market revenue shares.

Dozers with more than 250 hp flywheel power are likely to continue to lead the market in terms of revenue, followed by those with 125-250 hp flywheel power. Revenues from dozers with 75-125 hp flywheel power are predicted to be much lower than those from dozers with more than 250 horsepower and 125-250 hp flywheel power.

Construction will remain the most popular end-user vertical for dozers, with a global revenue share that exceeds that of mining and forestry, and agriculture combined.

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 are among the key market competitors highlighted in the report.
Dozer Market Dynamics:
The government's investment in rail infrastructure, highway construction, real estate, and metro projects is a major driving factor for the Global Dozer Market's growth. In addition, many government housing initiatives in industrialized countries are increasing the rate of real estate construction. Low unemployment, rising disposable income, low building costs, corporate relocations, e-commerce expansion, and an increase in the number of warehouses, distribution centers, and other commercial properties are all contributing to the Global Dozer Market's growth over the forecast period.

On the basis of technical advancements, earthmoving and construction equipment has undergone significant transformations, from traditional equipment to the introduction of high-capacity machinery such as dozers. Demand for dozers is largely driven by the organized building industry. As the population of the city grew, so did the desire for greater services, infrastructure, and housing. This is intended to help the building industry grow. According to UN estimates, 54.5 % of the world's population lived in cities in 2017, with that number expected to rise to 60 % by 2030. Because bulldozers are a necessary piece of construction equipment, the market is expected to grow throughout the forecast period.

The demand for environmental protection through mechanisms such as exhaust gas laws, as well as efforts to reduce noise and improve people's lifestyles and living environments, has resulted in technological advancements in dozers. These modern technologies aid in successfully controlling machines while keeping the loads on them, which improves the outcome as well as the quality of the work. It also aids in precise work at job sites with quality and efficiency, propelling the Global Dozer Market forward.
Dozer Market Segment Analysis:
The Dozer Market is segmented into Product type, Application and Region.

Based on Application, the market is sub-segmented into the Construction industry, Mining industry, and others. In that construction industry leading the market in 2022. According to maximize market research construction industry report Construction industry is estimated to account for 14.7 % of global GDP this year. In addition, the global construction industry is expected to be worth US$ 17.5 trillion by 2030, up from US$ 8 trillion in 2015. To boost economic development, governments in various nations are concentrating on a variety of measures to improve infrastructures such as roads, railroads, and airports. For example, according to the Indian government's Union Budget 2017–2022, the infrastructure sector will receive US$ 92.22 billion in funding.

Based on Product Type, the market is sub-segmented into a Crawler bulldozer, a wheeled bulldozer, and mini dozers. By 2029, the wheel bulldozers segment will have a market share of 8.6 % 2022. Wheel bulldozers are larger than crawler bulldozers, produce less noise, and are used for a wide range of construction projects. When compared to crawler dozers, wheel bulldozers are easier to manoeuvre and have heavier tires. They also have better fuel efficiency. Because of all of these factors, demand for wheel bulldozers is expected to stay strong throughout the forecast period.
 Dozer Market Regional Analysis:
The market growth in Asia-Pacific except Japan (APEJ) will be fueled by increasing urbanization in developing nations such as China and India. Large infrastructure expenditures are being undertaken across the region in a variety of sectors, including education, healthcare, utilities, energy, and transportation, all of which are expected to promote dozer use in the near future. The most lucrative market for dozer will continue to be APEJ, followed by North America and Europe.

By the end of 2029, combined revenues from the markets in North America and Europe are estimated to be lower than those from the market in APEJ. Construction is expected to remain the most lucrative end-use sector in the worldwide dozer market throughout the forecast period, thanks to the substantial increase in construction activities connected with transit, residential & commercial structures, and infrastructure development.

The objective of the report is to present a comprehensive analysis of the global Dozer Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the global Dozer Market dynamics, structure by analyzing the market segments and project the global Dozer Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Dozer Market make the report investor’s guide.
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Global Dozer Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 1.30 Bn.


Forecast Period 2023 to 2029 CAGR:
8.6 %
Market Size in 2029:
US $ 2.32 Bn.


 Segments Covered:
by Product Type
Crawler bulldozer
wheeled bulldozer
Mini dozers


by Application
Construction industry
Mining industry
Others


by Product
Up to 20,000 lbs
20,000-60,000
60,000-150,000
Above 150,000



Dozer Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (razil, Argentina Rest of South America)
Dozer Market Key Players are:
1 Zoomlion Heavy Industry Science &Technology Co., Ltd.
2 Shantui Construction Machinery Co. Ltd.
3 CNH Industrial N.V.
4 Liugong Machinery Co., Ltd
5 Komatsu Ltd
6 Caterpillar
7 John Deere
8 Liebherr
9 Hitachi Construction Machinery Co., Ltd.
10 AB Volvo
11 Nanjing
12 Dressta
13 Deer & Company
14 Bell equipment
Frequently Asked Questions:
1) What was the market size of Global Market markets in 2022?
Ans - Global Global Market was worth US$ 1.30 Bn. in 2022.

2) What is the market segment of the Market?
Ans -The market segments are based on Product type and Application.

3) What is the forecast period considered for Global Market?
Ans -The forecast period for Global Dozer Market is 2023 to 2029.

4) What is the market size of Global Market markets in 2029?
Ans – Global Market is estimated as worth US$ 2.32 Bn.

5) Which region is dominated in Global Market?
Ans -In 2022, the Asia pacific region dominated the Global Market