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The global bulldozers market size has the potential to grow by USD 4.21 billion during 2020-2024, and the market’s growth momentum will accelerate throughout the forecast period.
This report provides a detailed analysis of the market by geography (APAC, Europe, MEA, North America, and South America) and end-user (construction, mining, and others). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors including AB Volvo, Action Construction Equipment Ltd., Bell Equipment Ltd., Caterpillar Inc., CNH Industrial NV, Deere & Co., Komatsu Ltd., Liugong Machinery Co. Ltd., Shantui Construction Machinery Co. Ltd., and Zoomlion Heavy Industry Science and Technology Co. Ltd.
The market is currently concentrated, and the degree of concentration will increase during the forecast period. The growth of the construction industry and increased investment in infrastructure will offer ample growth opportunities for vendors in the bulldozers market. AB Volvo, Action Construction Equipment Ltd., and Bell Equipment Ltd. are some of the major market participants. Although the accelerating growth momentum will offer immense growth opportunities, the growth of the second-hand machine market will challenge the growth of the market participants. To make the most of the increasing bulldozers market size, companies should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
To help clients improve their market position, this bulldozers market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and provides information on the products offered by various companies. Moreover, this bulldozers market analysis report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
This report provides information on the production, sustainability, and prospects of several leading bulldozer manufacturers, including:
North America was the largest market for bulldozers in 2019, and the region will continue to offer the maximum growth opportunities to market vendors during the forecast period. Factors such as growth of the residential sector and increased government spending on infrastructure development are contributing to the growth of the bulldozers market size in this region.
Over 41% of the market’s growth will originate from North America during the forecast period. The US is a key market for bulldozers in North America. Bulldozers market growth in this region will be faster than the growth of the market in Europe and South America.
The construction industry is witnessing rapid growth due to factors such as increasing population, growing economies in emerging countries, and increasing government investments in large-scale infrastructure projects. This rapid growth of the construction industry will fuel the demand for bulldozers during the forecast period.
Market growth in this segment will be faster than the growth of the market in the mining and other segments. This report provides an accurate prediction of the contribution of all the segments to the growth of the bulldozers market size.
The rapid growth in urbanization will be a significant factor in driving the growth of the bulldozers market size. The number of megacities is expected to increase significantly due to rapid urbanization, especially in developing countries such as China, India, and South Africa. The increasing migration of population from rural to urban areas will create a need for the construction of hotels, railways, roads, hospitals, and residential buildings. This rise in construction activities will necessitate the use of construction machinery, such as bulldozers for the development of infrastructure and speeding up construction activities. Hence, with growing urbanization in developing nations, the demand for bulldozers will also increase.
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