Bulldozer Market in Japan 2015-2019
A bulldozer is a type of crawler with an attached blade which is used to dig or move large quantities of soil, sand, and other construction materials in the construction site. The blade is typically equipped on the rear end with a ripper, shaped as a claw, that helps in loosening densely compacted materials. Various types of bulldozers operate in almost all types of infrastructure-related activities, including construction of structures, mines, quarries, and other engineering projects.
Technavio's analysts forecast the bulldozer market in Japan to grow at a CAGR of 5.89% over the period 2014-2019.
Covered in this Report
This report covers the present and future market scenarios of the bulldozer market in Japan for the period 2015-2019. The market size has been calculated based on revenue generated from the sales of bulldozers in Japan and excludes that generated from the sales of used equipment, contracts, and maintenance. Technavio's report, Bulldozer Market in Japan 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Bulldozer Market in Japan 2015-2019
Technavio recognizes the following companies as the key players in the bulldozer market in Japan: Doosan Corporation (Doosan Heavy Industries & Construction), Hitachi Construction Machinery, Kobelco Construction Machinery and Komatsu
Other Prominent Vendors in the market are: Caterpillar, JCB and Volvo
Commenting on the report, an analyst from Technavio’s team said: “Construction equipment manufacturers in Japan are focusing on the development of energy-efficient bulldozers that comply with the emission standards laid down by the government. The new fuel-efficient equipment enables reduces fuel consumption, and ensures low carbon emission. This also leads to a decline in construction costs. In 2014, Komatsu launched a medium-size bulldozer, D85, which is eco-friendly and consumes less fuel. This new equipment conforms to the 2014 Off Road Law. In addition, this bulldozer is equipped with an automatic gear shift power line, coupled with a rear monitor system, seat belt alarm, and an auto ideal stop function, among other advanced features.”
According to the report, the government is investing in reconstruction of ageing infrastructure such as non-residential and commercial buildings, roads, highways, and tunnels, which are more than a couple of decades old. In addition, the government is also focusing on the repair of roads and other public infrastructure damaged during the 2011 tsunami and earthquake. For instance, in 2014, the government announced plans for reconstruction of Fukushima, Miyagi, and Iwate prefectures in Japan. These activities will continue to drive the demand for earthmoving equipment, including bulldozers, in the next 5-6 years.
Further, the report states that the construction market is labor-intensive, and lack of workers is not only leading to project delays but also increasing overall construction cost.
Doosan Corporation (Doosan Heavy Industries & Construction), Hitachi Construction Machinery, Kobelco Construction Machinery, Komatsu, Caterpillar, JCB, Volvo