Global Bulldozer Market 2014-2018
A bulldozer is a type of crawler with an attached blade used to push and move soil, sand, rubble, or other such materials that create an obstruction during construction. The blade is typically equipped on 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 Global Bulldozer market to grow at a CAGR of 8.5 percent and 6.5 percent in terms of consumption and production value, respectively, over the period 2013-2018.
Covered in this Report
This report covers the present scenario and the growth prospects of the Global Bulldozer market for the period 2014-2018. To calculate the market size, the report considers the value of the market in terms of production and consumption globally. However, it does not consider the sale of used equipment as well as the revenue generated from contracts and maintenance. It primarily focuses on the sale of bulldozers over the past few years and the condition of the Global Construction Equipment market as a whole. The performance of the Bulldozer market is forecast with the help of the predicted CAGR after the analysis of the present market condition. In addition, the report presents the key vendors and a detailed analysis of the key vendors operating in the market. It also presents the geographical analysis and accordingly, the key leading countries have been identified. In addition, it discusses the major drivers that influence the growth of the market, the challenges faced by vendors and the market at large, as well as the key trends emerging in the market.Key Regions
TechNavio Announces the Publication of its Research Report – Global Bulldozer Market 2014-2018
TechNavio recognizes the following companies as the key players in the Global Bulldozer Market: Caterpillar Inc., Hitachi Construction Machinery Ltd., Komatsu Ltd. and Volvo Group
Other Prominent Vendors in the market are: Doosan Group, JCB and Liebherr
Commenting on the report, an analyst from TechNavio’s team said: “The availability of financing options to purchase the equipment acts as a dominant catalyst for market growth. It gives small and medium enterprises the opportunity to venture into the Construction industry with minimal risks.”
According to the report, the growth in the Global Construction market is one of the major drivers boosting the growth of the Global Bulldozers market. Emerging markets such as China, India, and Russia are increasing their investments in construction to achieve rapid urbanization.
Further, the report states that a major challenge in this market is the high initial investment involved. With the increase in prices of raw materials such as steel and iron, the manufacturing cost of the equipment is increasing, putting a strain on the budgets of smaller vendors.
Caterpillar, Hitachi Construction Equipment, Komatsu, Volvo Group, Doosan Group, JCB, Liebherr Group
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