This market research report segments the global bulldozer tractor market by geography and includes regions like the Americas, APAC, and EMEA. The market study also includes an analysis of the key trends, drivers, and challenges that influence market growth. Leading vendors in this market are Caterpillar, Hitachi Construction Machinery, John Deere, and Komatsu.
Technavio’s market research analysts estimate the global bulldozer tractor market to grow at a CAGR of more than 7% between 2015 and 2019. Increasing investment in infrastructure development is one of the key drivers propelling this market’s growth. The Americas lead the global market for bulldozer tractors, accounting for more than 60% of the total market share. Factors like rapid urbanization and the augmented investment in infrastructure development are responsible for this region’s domination of the market.
The new market research report from Technavio provides a breakdown and analysis of the bulldozer tractor segments by technology.
“Rather than procuring their own earthmoving equipment, the SMEs are increasingly opting for equipment rental to reduce their operational cost. Various global vendors like Caterpillar and Volvo Construction Equipment are providing construction equipment on a rental basis to their clients. This helps the construction companies to utilize the most recent innovations in construction equipment without investing in equipment ownership,” says Navin Rajendra, Lead Analyst, Engineering Equipment, Technavio Research.
Of late, the construction companies are focusing on developing energy-efficient and user-friendly bulldozer tractors. These companies are aiming to receive energy-efficient certification for sustainable development and hence, are reducing their emissions and pollution throughout the project lifecycle. For instance, Liebherr launched the Generation 6 PR 736 dozer, which minimizes fuel consumption and carbon dioxide emissions.
The leading vendors in the global bulldozer tractor market include Caterpillar, Hitachi Construction Machinery, John Deere, and Komatsu. This market is highly competitive. Competition in this market is increasing as customers prefer vendors who can provide technologically advanced and eco-friendly bulldozer tractors. Also, this market is dominated by vendors who have the resources to provide customization solutions for bulldozer models.
A more detailed analysis is available in the Technavio report, Global Bulldozer Tractor Market 2015-2019 – Industry Analysis.
We can customize reports by other regions and specific segments upon request.
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