In the construction industry, dozers are used to carry out various activities such as land clearing, dozing, and scrap handling, and towing other heavy pieces of construction equipment. Based on application, dozers are classified as crawler or wheel bulldozers, which are equipped with different types of blades such as U blade, S blade, and SU blade.
A high rate of adoption of technologically advanced equipment has been observed in the construction industry in order to enhance the quality of the work, carry out precise work with less human interference, and handle complex projects. This is anticipated to fuel the demand for dozers for construction activities. Significant investment in the development of rail infrastructure, highway construction, real-estate, and metro rail projects along with government initiatives for housing schemes in developed countries are likely to propel the dozer market during the forecast period. The low unemployment rate, rise in disposable income, competitive construction rates, corporate relocations, expansion of e-commerce, and increase in a number of warehouses, distribution centers, and other commercial properties are likely to boost the construction industry in developed countries, which in turn is anticipated to drive the bulldozer market.
The dozer market can be segmented based on type, end-user industry, and region.
1. Based on type, the dozer market can be classified into crawler bulldozer, wheel bulldozer, and others. Wheel bulldozers are larger than Crawler bulldozers, they generate less noise, and are mostly utilized for diverse construction applications. Wheel bulldozers are easy to maneuver, are equipped with the heavy tires, and offer higher fuel efficiency as compared to that by crawler bulldozers. Consequently, demand for wheel bulldozers remains high.
2. Based on the end-user industry, the dozer market can be categorized into construction, mining, and others. Rising demand for housing coupled with financial stability, a significant amount of investment by government bodies in countries like India, has been made towards infrastructure development, and active participation by the private sector in various commercial projects which in turn propels the construction segment of the dozer market.
3. In terms of region, the dozer market can be classified into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Rapid industrialization, mega infrastructure projects, and expansion of economies in the Asia Pacific are anticipated to drive the construction industry in the region, which drives the dozer market in the region. Heavy investment by the Government of India for projects such as metro and smart cities are anticipated to boost the construction industry in the region.
Key players operating in the dozer market are Komatsu Ltd, Caterpillar and HBXG followed by other lesser-known brands.