Remarkable extension in the infrastructure development industry, as well as rapid industrial development around the world contribute toward the growth of the industrial bulldozer market growth. Along with this, the development of infrastructure, especially in developing countries, results in worldwide acquisition of bulldozers for construction of roads, buildings, airports, and railways.
In addition, the increase in use of low-carbon and energy-efficient equipment, determined by surge in environmental awareness also boosts the growth of the market. Bulldozer marketers are also work on building alternative combinations that can work in uneven areas and small areas, thus giving impetus to the market growth.
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In addition, the increase in automation and the use of machinery to facilitate human activity in various industries such as agriculture, construction, mining, and infrastructure have increased the use of bulldozers in these sectors. Increased demand and the production of off-road vehicles are expected to expand the growth of the bulldozer market, as it is an off-road vehicle.
The construction and mining industries are likely to grow during the forecast period. This is estimated to boost the growth of the industrial bulldozer market. Governments around the world spend huge amounts on infrastructure and transportation. This increased investment in transport and infrastructure is likely to boost the growth of the industrial bulldozer market.
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Marketing Trends
The launch of a new 850L bulldozer by Deere & Company in July 2019 fostered the growth of the market. The 850L is fitted with an engine of 9L that produces 220- 225 HP and offers more power.
The caterpillar launched D5 size and crawler bulldozer in February 2019. D6N model is followed by this model. The D5 is equipped with an engine of 7.1L that produces 170 HP of power.
In June 2021, Caterpillar collaborated with mining industry (NMG) stands for Nouveau Monde Graphite to fulfill their aim of completely enhancing their Matawinie graphite mine with No- emission machinery by 2028. This is anticipated to fulfil the need of ecofriendly machines in the market.
Top Players:
LiuGong dressta Machinery Co., Ltd, Xuanhua Construction Machinery, Caterpillar, Zoomlion Heavy Industry, Liebherr – International Deutschland GmbH, Komatsu, Kubota Corporation., CNH Industrial N.V., Volvo Construction Equipment AB, Deere & Company
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