Bulldozer is a type of off-road vehicle, which is equipped with a significant metal plate/blade. Bulldozers are utilized in construction and conversion work to push large quantities. Some of those materials include soil, sand, debris, or others. Bulldozers equipped for warfare engineering roles are often tailored with armor. Armors help protect the driver from debris and other material, which enable bulldozers to be utilized in combat zones. There is a modification in the regular application bulldozer and is known as an armored bulldozer. Thus, solution for transfer of materials form one place to other leads to the growth of the bulldozer market in near future.
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Major Market Players:
Caterpillar Inc., Cummins Inc., Liebherr Group, Deutz AG, Kubota Corporation, J. C. Bamford Excavators Ltd., Deere and Company and Volvo Construction.
Top impacting factors: Market scenario analysis, trends, drivers, and impact analysis
The factors that drive the growth of the bulldozer market include rise in automation and usage of machinery and increase in expenditure on infrastructure and transportation. However, high cost and maintenance expenditure of these vehicles and shortage of labor restrain the market growth. On the contrary, growing preference for automation in place of manual labor, along with the development of technologically advanced variants and innovative blades provide lucrative opportunity for the market expansion.
Rise in automation and usage of machinery
Rise in automation and usage of machinery to ease the work of humans in various industries has increased the demand of bulldozer market. Activities such as agriculture, construction, mining, and infrastructure have increased the utilization of bulldozer. Thus, increased demand has resulted in the growth of the market in near future.
- Small bulldozer
- Mid-size bulldozer
- Large bulldozer
- Less than 10000 KG
- 10000-30000 KG
- 31001-185000 KG
- More than 185000 KG
By horse power
- Less than 150 HP
- 151-260 HP
- 261-500 HP
- More than 500 HP
Increasing expenditure on infrastructure and transportation
Governments of various countries across the globe are spending more on infrastructure and transportation. Moreover, construction and mining industries increases the demand of bulldozers. Thus, increased investment in transportation and infrastructure is likely to boost the global bulldozer market in near future.
Questions answered in the bulldozer market research report:
- Which are the leading market players active in the market?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What are the projections for the future that would help in taking further strategic steps?
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