Rockville, Sept. 07, 2023 (GLOBE NEWSWIRE) -- Fact.MR, in its newly published market research report, reveals that worldwide demand for crawler dozers stands at a market value of US$ 14.78 billion in 2022. The Crawler Dozers Market is projected to expand at a CAGR of 5.7% through 2033. Significant expansion of the mining, forestry, and construction industries is leading to high demand for crawler dozers across the world.
Crawler dozers are being used at an increased rate to move heavy objects from one to another place. In addition, increasing requirements for smart machine technologies are propelling the demand for crawler dozers. These smart machines can increase operational efficiency and improve work quality.
Get Free Sample Copy of This Report:
https://www.factmr.com/connectus/sample?flag=S&rep_id=8896
In the transportation and movement of different types of materials, crawler dozers play a pivotal role. They are popular construction equipment with blades. Sand, rock, soil, etc., are some materials that can be moved with the help of crawler dozers across different land grades. In the repairing of roads, they play an essential role in overload pitching and shedding.
| Report Attributes | Details |
| Value Projection (2033) | US$ 27.21 Billion |
| Growth Rate (2023-2033) | 5.7% CAGR |
| No. of Pages | 170 pages |
| No. of Tables | 25 Tables |
| No. of Figures | 132 Figures |
Key Takeaways from Market Study
- The global crawler dozers market reached US$ 14.78 billion in 2022.
- Worldwide demand for crawler dozers is valued at US$ 15.63 billion in 2023.
- Sales of crawler dozers are projected to rise at 5.7% CAGR through 2033.
- The global market is anticipated to reach US$ 27.21 billion by 2033.
- 300 to 500 HP crawler dozers are projected to hold a significant share of global market revenue over the forecast period.
- Germany and the United Kingdom are prominent markets in the European region.
Key Companies Profiled in This Report
- Deere & Company
- Liebherr-International Deutschland GmbH
- Caterpillar
- LiuGong Dressta Machinery
- Komatsu Ltd.
- Shantui Construction Machinery Co., Ltd.
- Xuanhua Construction Machinery Co., Ltd.
- CNH Industrial N.V.
“Technological advancements in crawler dozers for the effortless operation of machines is predicted to drive their sales across geographies,” says a Fact.MR analyst.
Increasing Expenditure on Infrastructural Developments
A significant expansion of the construction sector owing to the rising demand for better infrastructure and houses is leading to increased sales of different types of heavy equipment. This is expected to generate opportunities for market players over the projected period in the crawler dozers landscape.
For instance,
- In March 2021, the President of the United States announced an investment of US$ 2,000 billion to upgrade the country’s infrastructure. This plan included an investment of US$ 42 billion for the construction of water infrastructure and airports and US$ 115 billion for the rebuilding of bridges and construction of roads.
Key Market Players
- Deere & Company,
- Liebherr-International Deutschland GmbH,
- Caterpillar,
- LiuGong Dressta Machinery,
- Komatsu Ltd.,
- Shantui Construction Machinery Co., Ltd.,
- Xuanhua Construction Machinery Co., Ltd.,
- CNH Industrial N.V.
Get Customization on this Report for Specific Research Solutions:
https://www.factmr.com/connectus/sample?flag=RC&rep_id=8896
More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the crawler dozers market, presenting historical demand data (2018 to 2022) and forecast statistics for the period (2023 to 2033).
The study divulges essential insights into the market based on horsepower (less than 300 HP, 300 to 600 HP, more than 600 HP) and application (construction, mining, agriculture, forestry), across five major regions of the world (North America, Europe, Asia Pacific, Latin America, and MEA).
Explore More Related Studies Published by Fact.MR Research:
Heavy Equipment Lamps Market: The heavy equipment lamps market is estimated at USD 7.1 Billion in 2022 and is projected to reach USD 10.9 Billion by 2032, growing at a CAGR of 4.3% during 2022-2032.
Earthmoving Equipment Tyres Market: The global earthmoving equipment tyres market stands at US$ 13 billion in 2023.
Construction Equipment Rental Market: The global construction equipment rental market is projected to reach a market size of US$ 185 Billion by 2032.
About Fact.MR:
Fact.MR is a distinguished market research company renowned for its comprehensive market reports and invaluable business insights. As a prominent player in business intelligence, we delivers deep analysis, uncovering market trends, growth paths, and competitive landscapes. Renowned for its commitment to accuracy and reliability, we empowers businesses with crucial data and strategic recommendations, facilitating informed decision-making and enhancing market positioning. With its unwavering dedication to providing reliable market intelligence, FACT.MR continues to assist companies in navigating dynamic market challenges with confidence and achieving long-term success. With a global presence and a team of experienced analysts, FACT.MR ensures its clients receive actionable insights to capitalize on emerging opportunities and stay ahead in the competitive landscape.
Contact:
US Sales Office
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583, +353-1-4434-232 (D)
Sales Team: sales@factmr.com
Follow Us: LinkedIn | Twitter | Blog
