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Dozers Market Share

Report ID: GMI12446
Published Date: Nov 2024
Report Format: PDF

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Dozers Market Share

In 2023, key companies like CNH industrial, caterpillar, Deere & company, etc. held a combined market share of 50-55%. These companies are actively engaging in mergers, acquisitions, facility expansions, and collaborations to enhance their product portfolios, reach more customers, and strengthen their market positions.

Companies are heavily investing in research and development to develop advanced dozers that align with the changing and evolving industry’s needs and preferences. Competitive strategies frequently center on product differentiation, where manufacturers augment their offerings with distinctive features, and geographic expansion to penetrate emerging markets. In this dynamic environment, companies that adeptly innovate and respond to market trends are poised for the most significant growth.

Dozers Market Companies

Major players operating in the dozers industry are:

Case Construction
Caterpillar
CNH Industrial
Deere & Company
Doosan
Hitachi
Komatsu
Liebherr Group
Movex Innovation
Sany Construction
Shantui
Volvo
XCMG Group
Xiamen Topway
Zoomlion

Authors: Avinash Singh , Sunita Singh

Frequently Asked Questions (FAQ) :

The global market for dozers was reached USD 13.8 billion in 2023 and is estimated to grow at a 5.5% CAGR from 2024 to 2032, driven by the expansion of construction and infrastructure sectors globally.

The crawler dozers segment crossed USD 6.4 billion in 2023 and is expected to grow at a 6.2% CAGR during 2024 to 2032, due to their superior traction and stability in rough terrains.

The building & construction segment dominated the dozers market with a 40.6% share in 2023, led by increasing urbanization and infrastructure development projects.

The North America dozers market was valued at USD 3.1 billion in 2023 and is expected to grow at a 6.2% CAGR from 2024 to 2032, influenced by government initiatives like the Infrastructure Investment and Jobs Act (IIJA) which allocates $1.2 trillion for infrastructure improvements.

Key players in the dozers industry include Case Construction, Caterpillar, CNH Industrial, Deere & Company, Doosan, Hitachi, Komatsu, Liebherr Group, Movex Innovation, Sany Construction, Shantui, Volvo, XCMG Group, Xiamen Topway, and Zoomlion.