Crawlers & Dozers Market Size , Growth | Global Report 2024-2032
Crawlers & Dozers Market Size & Share Global Analysis Report, 2024-2032

Crawlers & Dozers Market Share, Size, Trends, Industry Analysis Report, By Horsepower (Less Than 300 HP, 300 to 600 HP, More Than 600 HP); By Application; By Region; Segment Forecast, 2024 – 2032

  • Published Date:Jan-2024
  • Pages: 115
  • Format: PDF
  • Report ID: PM3937
  • Base Year: 2023
  • Historical Data: 2019-2022

Report Outlook

The global crawlers & dozers market was valued at USD 6.88 billion in 2023 and is expected to grow at a CAGR of 6.30% during the forecast period.

The growing importance of advanced crawlers’ dozers equipped with innovative smart machine technologies for improving or enhancing the work quality and increasing operation efficiency across various industries, including construction and mining, along with the growing prevalence of advanced technologies in these machines like GPD systems and telematics, are among the leading factors propelling the global market growth. In addition, the rapid rate of urbanization and population growth in various parts of the world resulted in greater demand for new residential and commercial spaces, leading to increased construction activities that require crawlers and dozers with improved capabilities and features, thereby boosting the market growth.

The research report offers a quantitative and qualitative analysis of the Crawler Dozers Market to enable effective decision-making. It covers the key trends and growth opportunities anticipated to have a favorable impact on the market. Besides, the study covers segment and regional revenue forecasts for market assessment.

Crawlers & Dozers Market Size

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  • For instance, in January 2023, Dressta announced the launch of its two new dozers in heavy and medium-size categories named TD-25M and TD-15M. The newly developed dozers are designed to decrease operator fatigue, reduce operating costs, and boost uptime.

Moreover, some of the leading manufacturers around the world have increased their investments in research & development activities to develop autonomous or semi-autonomous crawler dozers that can simultaneously perform certain tasks without any human intervention, which led to increased productivity and higher safety during operations and also allow operators to control these machines in hazardous conditions remotely.

The coronavirus has forced countries to take necessary stringent actions like lockdowns and trade restrictions; thereby, manufacturers had to stop their production or manufacturing units or slow down their operations as a result of workforce shortages, supply chain disruptions, and lockdowns imposed in various countries.

Crawlers & Dozers Market Size

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Industry Dynamics

Growth Drivers

  • Infrastructure development and construction projects.

Infrastructure development and construction projects play a pivotal role in driving the Crawlers and dozers market. As governments and private sector investors continue to prioritize infrastructure enhancement, the demand for these heavy earthmoving machines remains robust. These projects include the construction of roads, bridges, airports, railways, and urban development. Additionally, initiatives like smart cities and sustainable infrastructure require advanced dozers and crawlers for efficient land preparation and grading.

The demand for larger, more powerful equipment also stems from the need to execute mega-construction projects, including skyscrapers and massive industrial complexes. Moreover, improving transportation networks, such as highway expansions and high-speed rail systems, necessitates the use of dozers and crawlers to clear land and ensure precise grading.

Report Segmentation

The market is primarily segmented based on horsepower, application, and region.

By Horsepower

By Application

By Region

  • Less Than 300 HP
  • 300 to 600 HP
  • More Than 600 HP
  • Construction
  • Mining
  • Agriculture
  • Forestry
  • North America (U.S., Canada)
  • Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
  • Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
  • Latin America (Brazil, Mexico, Argentina)
  • Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

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By Horsepower Analysis

  • 300 to 600 hp segment accounted for the largest market share in 2022

The 300 to 600 hp segment accounted for the largest market share. The growth of the segment market can be largely attributed to increased demand for this power range crawlers & dozers in a wide range of construction projects such as roads, bridges, highways, airports, and commercial buildings. Apart from this, there has been an increasing demand for these horsepower products in the mining and quarrying sectors, as they significantly require powerful dozers and crawlers for tasks like excavation, material handling, and site preparation.

The more than 600 hp segment is expected to grow at the highest growth rate during the projected period on account of their increasing prevalence in the mining and extraction industry as well as in the energy sector, as these powerful crawlers & dozers are crucial for preparing the land and installing the necessary infrastructure more efficiently.

By Application Analysis

  • The construction segment held a significant market revenue share in 2022

The construction segment led the industry market with a substantial share in 2022, which is majorly driven by the exponential rise in the number of government initiatives and programs supporting infrastructure development, particularly in emerging economies like India, China, and Indonesia, coupled with the ongoing trend of industrialization and urbanization that lead to a surge in residential and commercial buildings construction activities. For instance, as per our insights, the total urban population of India was estimated to be around 475 million in 2021, with a growth of approx. 2.2% from the previous year. Also, the urban population of the country has grown by 7.1% between the period of 2018-2021.

Besides this, various developed countries around the world are constantly focusing on the upgradation of their existing infrastructure and replacing their equipment with new or more innovative equipment to improve productivity and reduce maintenance costs; thereby, the age and condition of existing fleets are likely to bode well for the segment market growth.

The agriculture segment is anticipated to gain a substantial growth rate over the next coming years, owing to a drastic increase in food demand as a result of the continuously growing global population and the proliferation of the mechanization of agriculture that helps farmers easily replace traditional labor practices with powerful and efficient equipment.

Regional Insights

  • North America region dominated the global market in 2022

The North American region dominated the global market in 2022. The regional market growth can be largely attributed to the rapid adoption of advanced and innovative machines across various industries and the presence of various stringent environmental regulations in the region promoting the adoption of cleaner and more efficient machinery like crawlers & dozers.

The Asia Pacific will grow rapidly, owing to a significant increase in expenditure on several infrastructural projects and growing availability and access of innovative crawlers & dozers at very affordable and pocket-friendly prices in countries like China, Indonesia, India, and Japan, among others. Additionally, as the older equipment reaches the end of its lifecycle in the APAC region, there is a surging demand and need for the replacement of crawlers and dozers, especially in the construction and mining sectors, which, in turn, have fueled the market growth at a rapid pace.

For instance, according to the India Brand Equity Foundation, the total capital investment outlay for the infrastructure in India has increased by over 33% to USD 122 Bn, which accounts for 3.3 % of GDP for the financial year 2023-24. India will invest over USD 1.4 trillion in road & highway infrastructure through the ‘National Infrastructure Pipeline’ in the next five years.

Key Market Players & Competitive Insights

The crawlers & dozers market is highly consolidated with the presence of various prominent manufacturers of the product in the market. Some of the leading companies in the market are significantly focusing on setting up their manufacturing plants across various developing countries to tap into their emerging markets and boost their revenue and geographical presence all over the world.

Some of the major players operating in the global market include:

  • Caterpillar
  • ChangZhou Joyous Machineries & Equipment Company
  • China SINOMACH Heavy Industry Corporation
  • CNH Industrial N.V.
  • Deere & Company
  • Komatsu Ltd.
  • Liebherr International Deutschland GmbH
  • LiuGong Dressta Machinery
  • Shandong Haitui Heavy Industrial Machinery Co. Ltd.
  • Shantui Construction Machinery Co. Ltd.
  • Xuanhua Construction Machinery Co. Ltd.

Recent Developments

  • In June 2022, CASE announced the launch of a host of new products at the CII EXCON 2021 fair in Bengaluru, India. The new range of products includes a new CX220C LC-HD crawler excavator that is mainly designed to handle tough applications efficiently and is also suited for working on stone quarries.
  • In January 2022, Doosan introduced its first-ever dozer named DD100, a 1-ton dozer placing at the top end of the small dozer category. With this launch, the company has expanded its reach to a larger base of consumers and renters who are looking for these machines.

Crawlers & Dozers Market Report Scope

Report Attributes

Details

Market size value in 2024

USD 7.27 billion

Revenue Forecast in 2032

USD 11.85 billion

CAGR

6.30% from 2024 – 2032

Base year

2023

Historical data

2019 – 2022

Forecast period

2024 – 2032

Quantitative units

Revenue in USD billion and CAGR from 2024 to 2032

Segments Covered

By Horsepower, By Application, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America; Middle East & Africa

Customization

Report customization as per your requirements with respect to countries, regions, and segmentation.

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