London, 12 March 2015: TechNavio, the independent tech-focused global research firm, has published a report on the Global Bulldozer Market 2014-2018, which is expected to grow at a CAGR of 8.5 percent and 6.5 percent, respectively, during the forecast period of 2014-2019.
The consumption of bulldozers is increasing globally mainly due to the increase in the construction activities across the globe. The production of bulldozers has, thus, increased in order to fulfil the growing demand for the equipment.
Rapid urbanization and the development of superior-quality infrastructure worldwide has led to the recovery of the Global Construction market, which, in turn, has increased the demand for construction equipment such as bulldozers.
“As the ownership of bulldozers involves high initial investment, manufacturers are making financing options available to increase their sales,” says Faisal Ghaus, Vice President of TechNavio.
“The availability of financing allows companies to this equipment with minimal impact on their budgets. Therefore, the global bulldozer manufacturers are using financing options as an important marketing strategy to increase sales of their products.”
Key Market Drivers
- Growth of Global Construction Market
- Need to Replace Old Equipment
- Rise of Global Demolition Industry
- Increase in Equipment Trade
Key Market Trends
- Availability of Financing Options
- Rise in Demand for Energy-efficient Bulldozers
- Growth of Equipment Rental Business
Key Market Vendors
- Caterpillar Inc.
- Hitachi Construction Machinery Ltd.
- Komatsu Ltd.
- Volvo Group
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
