Buy Now
$4,123 $4,850
15% off
$4,840 $6,050
20% off
$5,845 $8,350
30% off
Buy now
Premium Report Details
Base Year: 2023
Companies covered: 15
Tables & Figures: 180
Countries covered: 18
Pages: 220
Download Free PDF

Dozers Market
Get a free sample of this reportGet a free sample of this report Dozers Market
Is your requirement urgent? Please give us your business email for a speedy delivery!
Dozers Market Size
The global dozers market size was valued at USD 13.8 billion in 2023 and is estimated to grow at a CAGR of over 5.5% from 2024 to 2032.
Growing urbanization and infrastructure development are the major drivers for the global dozer market. The rise in urbanization in developing countries is responsible for the increased requirements for housing, commercial, and urban infrastructure. In 2018, it was reported that 55% of the world population lives in urban regions. The United Nations is estimating that this percentage will increase to 68% by the year 2050. Urban expansion leads to various earth-moving activities like site preparation and land clearing, which are the basic purposes of dozers. Hence, there is an uninterrupted need for them in various types of urban constructions, including small and big dozers.
Globally, the government is able to boost the economy through investment in public infrastructure such as roads and buildings. This has been possible due to projects like the Belt and Road Initiative, which has accelerated the growth of infrastructure in countries located in Asia, Europe, and Africa. In India, the government promised to invest over $1.4 trillion into roads, ports, and railway projects, which would enable better connectivity. There are several notable applications of dozers in construction projects, including (but not limited to) bridges, highways, railways, and airports. So, the increased government expenditure leads to higher demand for construction equipment.
The global demand for lithium, copper, and other rare earth metals has surged the power and battery production sectors, which in turn has skyrocketed mining operations in Chile and Australia. The use of dozers in this sector becomes imperative as they are needed for overburden stripping, road construction, and surface finishing. The other countries in this market are leaders in sales volume, which induces an increase in dozer demand as the metal mining sector expands.
Dozers Market Trends
Dozers Market Analysis
A dozer is a type of construction machine that requires huge financial expenditure, thus making it nearly impossible for SMEs to acquire it. In places where credit is not easily available, buyers are more likely to postpone or not go through with the purchase, resulting in financial limitations. Dozers are manufactured using raw materials such as aluminum, steel, and electronics. Since the prices of these raw materials are never consistent, it raises the prices of manufacturing and business operations, and this increase is eventually charged to the customers. In addition, all countries across the globe are enforcing strict emission policies on heavy machinery, including dozers, which are non-compliant with modern engine systems. These regulations bring about a rise in production costs and add further complexities in design, thus affecting the growth of the market.
North America: The United States continues to take the lead when assessing dozers with an approximate 76% market share in 2023 within North America. Moreover, the U.S. is investing in land prepping for solar, green buildings, and wind energy, which increases the demand for dozers. These renewable energy schemes are fueled by federal and state funding as well, such as the Inflation Reduction Act. In addition, great strides for large-scale renewable energy projects are being witnessed in the Midwest and Southwest regions. With hurricanes, wildfires, and floods being fairly common in the US, the demand for land-clearing equipment, including dozers, is high. The brisk pace at which debris can be removed further enhances the chances of such equipment being pushed into the market. Telemetric systems, autonomous equipment, and GPS are key features that are being sought after in the construction sector, especially in construction machinery.
A compound annual growth rate of roughly 4.4% is expected to characterize the severe Canadian dozer market. Mining and forestry equipment demand is driven in large part by the huge natural resources Canada has, oil sands, wood resources, and minerals.
Alberta, British Columbia, and Ontario are opening more mining sites. Some Canadian oil companies are still extracting oil sands in Alberta and have a great need for large and extremely rugged earth-moving equipment. New infrastructure development is also taking place in Canada’s remote regions in order to promote better integration and economic development. Canada’s annual commitment to greenhouse gas emission reductions is facilitating the active preparations of the renewable energy projects such as wind, solar, and hydroelectric power. Next, provinces Quebec and British Columbia are working too on building more stations for hydroelectric power.
Dozers Market Share
In 2023 the total market share of key companies, like CNH Industrial, Caterpillar, Deere & Company, etc., was between fifty and fifty-five percent. Such companies are actively indulging in mergers, acquisitions, facilities expansions, and collaborations in an effort to grow their product portfolio, increase their customer base, and strengthen their positions in the market.
Industries are rapidly changing, and companies are investing in their R&D to ensure their dozers are up to scratch and fit with the needs of the customers. Competitive strategies often include the approach of finding new geographical regions to expand in or defining and distinguishing products with additional features. In this environment, the companies which will grow most are those which will continue to innovate and meet the market demands.
Dozers Market Companies
Major players operating in the dozers industry are:
Dozers Industry News
This dozers market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Billion) & volume (Million Units) from 2021 to 2032, for the following segments:
Click here to Buy Section of this Report
Market, By Product Type
Market, By Blade Type
Market, By Engine Power
Market, By End-use
Market, By Distribution Channel
The above information is provided for the following regions and countries: