Transparency Market Research in its new report titled, “Bulldozer Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026,” provides key insights on the bulldozer market. The new report anticipates that the rise in automation and usage of machinery to ease the work of humans in various industries such as agriculture, construction, mining, and infrastructure will drive the bulldozer market during the forecast period i.e, 2018-2026. Increase in demand and production of off-road vehicles is projected to boost the bulldozer market, as it is off-road vehicle, during the forecast period.
Construction and mining industries are likely to expand during the forecast period. This is estimated to propel the market for bulldozers. Governments of various countries across the globe are spending more on infrastructure and transportation. This increased investment in transportation and infrastructure is likely to boost the global bulldozer market. The report also discusses the factors that may hamper the market growth during the forecast period such as high cost and maintenance expenditure of these vehicles. Labor shortage is a major issue that is likely to restrain the global bulldozer market. Regulatory bodies are imposing stringent norms, globally, to reduce carbon emissions from automobiles. Bulldozers burn large amounts of fuel and generate more carbon emission, as compared to normal vehicles, as they require a large amount of power to operate.
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The TMR report has split the bulldozer market based on end-use industry, engine capacity, and geography. Bulldozers are utilized in various sectors such as military, construction, infrastructure, mining, and agriculture. The construction industry segment is likely to hold a major share of the market due to increased scope of utilization of bulldozers for transportation and infrastructure. In terms of engine capacity, the bulldozer market is classified into less than 5L, 5L to 10L, and more than 10L. Capacity is measured by the volume of the engine bore, wherein the heating of fuel takes place. Heavy-duty vehicles possess higher capacity engines for improved performance.
Based on regional perspective, the bulldozer market is categorized into North America, Europe, Asia Pacific, and Rest of the World (ROW). Asia Pacific accounts for a majority share of the global bulldozer market, due to the high rate of adoption of bulldozers and the booming automotive sector, leading to an increased production of bulldozers, especially in China and India. Major players operating in the global bulldozer market are profiled in this report to give a better competitive analysis and these include Caterpillar Inc., Cummins Inc., Liebherr Group, Deutz AG, Kubota Corporation, J. C. Bamford Excavators Ltd., Deere and Company, and Volvo Construction.
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