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Bulldozers are equipped with blades and are useful for pushing rocks, debris, removing trees, and clearing the ground. Technavio’s market research analyst has estimated factors like the increasing investment in infrastructure development to result in this market’s modest growth rate of more than 7% during the forecast period.
Factors like the augmented need for replacing old bulldozer tractors are expected to drive market growth between the period of 2014 and 2019. To meet the rising demand for fast and superior-quality infrastructure construction, many companies have started replacing their outdated equipment with energy-efficient, powerful, and low-emission equipment. This necessary replacement of old equipment is expected to augment the prospects for growth in this market.
This market is highly competitive and is primarily dominated by large vendors like Caterpillar, Deere, Hitachi, and Volvo. 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.
Key vendors in this market are –
Other prominent vendors in this market are LiuGong Machinery, Zoomlion, Shantui Construction Machinery, Liebherr, Shandong Heavy Industry Group, Durga Tractors, BEML, Rockland, Case Construction, and Doosan Infracore.
In this market research report, analysts estimate the Americas to account for more than 60% of the total market share by 2019. Factors like rapid urbanization and the augmented investment in infrastructure development are responsible for this region’s domination of the market.
Technavio’s market research analysts estimate upcoming trends, like the introduction of attractive financing options, to foster market growth during the forecast period. As the ownership of bulldozer tractors involves high investments, many vendors are now introducing attractive financing options like flexible payment terms to increase their sales.
This report provides a number of factors contributing to the adoption, limitations, and opportunities of the bulldozer tractor market. It also offers an analysis of each factor and an estimation of the extent to which the factors are likely to impact the overall market growth.
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