Market Research Report
Bulldozer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025
|Published by||IMARC Services Private Limited||Product code||952891|
|Published||Content info||124 Pages
Delivery time: 2-3 business days
|Bulldozer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025|
|Published: July 18, 2020||Content info: 124 Pages||
The global bulldozer market grew at a CAGR of around 6% during 2014-2019. A bulldozer refers to an off-road earthmoving machine that is commonly used for road building, farming, construction and wrecking applications. It is a large heavy-duty tractor that consists of hydraulic arms to lift the bulldozer above the ground, a blade attached at the front end for moving debris and tracks to support the weight of the machine. It is also equipped with a torque divider to convert and use power from the engine for enhanced dragging capabilities. Various types of blades can be attached to these bulldozers, including universal and semi-universal blades for pushing, hauling and scooping materials, sigma-4 blades and straight blades for leveling the ground and hybrid angular blades.
Significant growth in the construction industry, along with rapid industrialization across the globe, is one of the key factors driving the growth of the market. In line with this, infrastructural development, especially in the developing nations, has led to the widespread adoption of bulldozers for constructing buildings, roads, railways and airports. Furthermore, the increasing utilization of energy-efficient and low-carbon emission equipment, driven by rising environmental consciousness, is acting as another major growth-inducing factor. Bulldozer manufacturers are also developing compact variants that can operate on uneven terrains and limited space, thereby providing a boost to the market growth. Additionally, extensive product utilization for seeding, forage harvesting and earthmoving in the agriculture industry is also creating a positive impact on the market growth. Other factors, including the growing preference for automation in place of manual labor, along with the development of technologically advanced variants and innovative blades, are projected to drive the market further. Looking forward, IMARC Group expects the market to exhibit moderate growth during the next five years.
Figure 81 China: Bulldozer Market: Sales Value (in Million US$), 2014 & 2019