Crawlers & Dozers Market Size Worth $11.85 Billion By 2032 | CAGR: 6.30%

The global crawlers & dozers market size is expected to reach USD 11.85 billion by 2032, according to a new study by Polaris Market Research. The report “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” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The widespread utilization and proliferation of these machine systems with numerous advantages among several industries and the introduction to new innovative concepts embedded in crawlers & dozers by key companies helps to improve the efficiency and control of machines and reduce overall operational costs associated with a certain project are the leading factors driving the demand and growth of the market.

For instance, in June 2023, Dressta unveiled its new pair of crawler & dozers for North America, which are available in two different sizes and will provide the operators a new lease on the dozer life. With this new pair of machines, operators could expect lower operating costs, less fatigue, and longer breaks in between services.

Furthermore, the rental market for crawlers & dozers has been rapidly expanding, as many construction companies around the world and contractors prefer renting equipment to reduce capital expenditures and ensure access to the latest technology. Therefore, companies offering rental services for advanced and innovative crawlers & dozers at affordable rates are likely to benefit from this trend and could generate huge revenue in the coming years.

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There is a growing popularity and traction for crawlers and dozers equipped with advanced telematics systems that provide real-time data on machine performance, fuel consumption, maintenance needs, and location tracking all over the world. These advanced technologies allow for precise positioning and grading, improving overall accuracy and efficiency on construction sites and generating ample revenue opportunities for the market.

With the significant increase in environmental concerns and growing sustainability issues all over the world, there has been a growing interest in electric and hybrid crawler dozers in order to reduce emissions and meet stringent environmental regulations set by government authorities worldwide. To cater to this emerging trend in the market, manufacturers are heavily investing in research and development activities to create more efficient and sustainable equipment that meets the current market demand and keeps them ahead in this competitive market.

Crawlers & Dozers Market Report Highlights

• The 300 to 600 hp segment accounted for a noteworthy share, mainly driven by their significant use in various industries to perform various types of heavy tasks
• The construction segment held the market revenue share on account of the rapid increase in the number of construction industries in both developed and developing countries
• The North American region dominated the global market with a considerable share, owing to the presence of well-developed industries and the adoption of technological advancements
• The key market players include Liebherr International, Shantui Construction Machinery, Komatsu Ltd., Caterpillar, CNH Industrial, and Xuanhua Construction

Polaris Market Research has segmented the crawlers & dozers market report based on horsepower, application, and region:

Crawlers & Dozers, Horsepower Outlook (Revenue - USD Billion, 2023 - 2032)

• Less Than 300 HP
• 300 to 600 HP
• More Than 600 HP

Crawlers & Dozers, Application Outlook (Revenue - USD Billion, 2023 - 2032)

• Construction
• Mining
• Agriculture
• Forestry

Crawlers & Dozers, Regional Outlook (Revenue - USD Billion, 2023 - 2032)

• North America

• U.S.
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia

• Latin America

• Argentina
• Brazil
• Mexico

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa

Crawlers & Dozers Market Report Scope