Global Dozer Market Is Estimated To Witness Significant Growth Owing To Rising Infrastructure And Growing Globalization

Dozer Market
Dozer Market

Overview:

A dozer is a large piece of machinery with a flat blade that can be moved to move earth. They are used to build roads, dig foundations and clear land for commercial construction. There are many different types of dozers that are designed to suit different applications and environments. The main features that differentiate dozers are the blades, rippers and whether they have tires or tracks. Some dozers are also equipped with a crane or winch for transporting materials. A plethora of blade configurations is available for dozers to accommodate the many different jobs they can perform. The dozer’s cab is well-designed to give the driver the control they need to complete their work.

Market Dynamics:

Increasing product launches are estimated to augment growth of the global Dozer Market during the forecast period. For instance, the Liebherr Group expanded their product line and unveiled the T 274, in April 2021. This is a reliable 305-tonne machine with low fuel consumption, low cost per tonne, and high output rates. Moreover, rising regulations and interdictions are anticipated to restrain growth of the global dozer for market during the forecast period.

Impact of COVID-19:

COVID-19 was first identified in 2019 in China. It affected several other nations globally. The pandemic resulted in halting manufacturing activities in several nations. There was a shortage of raw materials during the pandemic that affected the growth of several industries. Automobiles, electronics, consumer goods, construction and many more industries had to shut down their operations due to the pandemic. This decreased the demand for dozer. This had a negative impact on the growth of the global dozer for market.

Key Takeaways:

The global Dozer Market is expected to witness robust growth, exhibiting CAGR of 5.9 % over the forecast period, due to rising acquisitions by key players.

For instance, Caterpillar Inc., acquired the Oil & Gas Division of the Weir Group PLC, in February 2021. This acquisition will provide global reach and excellent opportunity for growth.

Asia Pacific is anticipated to witness robust growth in the global dozer for market during the forecast period, due to growing infrastructure and increasing adoption of government policies

Key players active in the global Dozer Market are Zoomilion, BEML Limited, SHANDONG SHANTUI CONSTRUCTION MACHINERY IMP&EXP CO, Caterpillar Inc., CNH Industries, Cummins Inc., Bell Equipment Co SA, Deere & Company, Liebherr, DEUTZ AG, Kubota Corporation, Doosan Infracore Co. Ltd., Liebherr Machines Bulle SA, Hitachi Construction Machinery Co. Ltd., Kubota Corporation, and J. C. Bamford Excavators Ltd.

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