The construction segment to maintain its lead position during the forecast periodīased on end-use, the construction segment accounted for the largest share in 2022, accounting for nearly three-fifths of the global bulldozer market revenue, owing to the rise in population and growing urban population, demand for public and private infrastructure has increased. However, the U-blade segment is projected to manifest the highest CAGR of 8.2% from 2023 to 2032, owing to an increase in customer needs specifically for customized U-blades. The S-U-blade segment to maintain its leadership status throughout the forecast periodīased on blade type, the S-U-blade segment held the highest market share in 2022, accounting for nearly two-fifths of the global bulldozer market revenue and is estimated to maintain its leadership status throughout the forecast period, owing to its flatter surface which makes it ideal for handling materials such as sand and gravel, making it a popular choice among customers. However, the wheeled bulldozers segment is projected to manifest the highest CAGR of 10.3% from 2023 to 2032, as it is designed for operation on flat and hard surfaces such as highways, airports, agriculture, and construction sites. In such places, having tracks allows better friction on the ground, enabling it to have better traction. The crawler bulldozer segment to maintain its leadership status throughout the forecast periodīased on product type, the crawler bulldozer segment held the highest market share in 2022, accounting for more than four-fifths of the global bulldozer market revenue and is estimated to maintain its leadership status throughout the forecast period, as it is largely used in places having an unpaved or unprepared surface, or a surface with loose soil. As countries gradually lifted lockdown restrictions and construction activities resumed, the demand for bulldozers began to rebound. By implementing rigorous safety measures and protocols, bulldozer manufacturers adapted to the new reality, prioritizing the well-being of their workers while ensuring continued production. However, the industry exhibited resilience in the face of these challenges.The COVID-19 pandemic caused major disruptions in the manufacturing and construction sectors, resulting in a significant setback for the bulldozer market in 2020 and the first half of 2021. Implementation of stringent government regulations Increase in use in the agriculture sector Product Type, Blade Type, End-Use, Operating Weight, and Region.Įxpansion of the construction and infrastructure industry Report coverage & details: Report Coverage On the contrary, surge in demand for natural resources and technological advancements are expected to offer remunerative opportunities for the expansion of the bulldozer market during the forecast period. However, the implementation of stringent government regulations and growing environmental concerns are hampering the growth to some extent. Portland, OR, (GLOBE NEWSWIRE) - Allied Market Research published a report, titled, “ Bulldozer Market by Product Type (Crawler bulldozers and Wheeled bulldozers), by Blade Type (S-blade, U-blade, SU-blade, and Others), by End-Use (Agriculture, Construction, Forest, Infrastructure, Mining, And Others), by Operating Weight (Less Than 10,000 kg, 10,000-30,000 kg, and More than 30,000 kg): Global Opportunity Analysis and Industry Forecast, 2022-2032”. According to the report, the global bulldozer industry generated $ 5.3 billion in 2022 and is anticipated to generate $ 9.7 billion by 2032, witnessing a CAGR of 6.3% from 2023 to 2032.Įxpansion of the construction and infrastructure industry, increase in the use of agriculture, and focus on public-private partnerships drive the growth of the global bulldozer market.
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