Dozer market Analysis, Regional Insights and Competitive Insights
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A dozer, sometimes known as a bulldozer, is a crawler with a heavy metal plate that is used to move earth, sand, trash, or other similar materials or ruins. Instead of continuous tracks, some dozers use massive tyres.
These
machines are frequently employed to lift trash at building sites, heavy
industry factories, mining sites and quarries, military locations, and farms.
Regular earth moving Bulldozers are used for a variety of tasks, including
deforestation, earth moving, ground levelling, and road carving.
Dozer market: Regional Insight
The dozer
market is divided into five regions: North America, Europe, Asia
Pacific, Latin America, the Middle East, and Africa.
In 2017,
Asia Pacific dominated the market, and it is expected to continue to do so
throughout the forecast period (2018–2025). The region's growth engines are
China, India, and Japan. This is due to the fact that these countries'
infrastructure initiatives are rising. For example, China unveiled the
"one belt, one road" plan in 2013 to connect three regions (Asia,
Africa, and Europe), which has supported the country's construction industry's
expansion. Furthermore, increased government investments in India's
infrastructure sector are likely to help the industry flourish. According to
the India Brand Equity Foundation (IBEF), the government allocated US$ 92.22
billion on infrastructure in the Union Budget 2018-2019 in April 2018. Dozers
play an important part in the construction industry, resulting in a favourable
environment for dozer market growth in Asia Pacific.
Dozer Market: Competitive Insight
Caterpillar,
Komatsu, John Deere, Liebherr, Hitachi Construction Machinery Co., Ltd., AB
Volvo, Nanjing, and Dressta are some of the major competitors in the worldwide
dozer industry.
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