Crawler Dozers Market Size, Share & COVID-19 Impact Analysis, By Horsepower (Less than 300 HP, 300 - 600 HP & More than 600 HP), By Application (Construction, Mining, Agriculture & Others), and Regional Forecast, 2020-2027

The global crawler dozers market size was USD 6.51 billion in 2019 and is projected to reach USD 10.22 billion by 2027, exhibiting a CAGR of 5.9% during the forecast period.

Crawler dozers are continuous trailed machines fixed with a front-mounted spade to move or shove large quantities of material such as sand, soil and rubble. They play a dynamic role in transportation and movement of materials across different land grades. They are crucial in overload shedding and heaving during road maintenance. Due to the  crawlers (tracks), the dozers have good ground-holding ability plus agility even in rough terrains. They are wide enough for the load to be distributed across the machine, averting it from tumbling even on soft terrains. All these uses make them a good choice for numerous applications in construction, road building, and land clearing.

COVID-19 Effect: Impact of Pandemic in Construction and Mining Industries is Expected to Restrain the Market Growth

The impact of the coronavirus outbreak on the market has been relatively drastic in the Western part of the world. In the short term, influence primarily lies in disruption in the construction and mining activities along with difficulty in production, owing to the lack of manufacturing activities. The enormity of these disruptions increases as the time to recovery lengthens. Moreover, the impact on the construction industry will be far more extensive if the virus impacts other main industrial countries beyond India, China, and Germany. In the long term, the industries related to the application of these dozers are likely to be back on track, thus, resulting in a considerable demand for machines in the coming years.

LATEST TRENDS

Application of Smart & Innovative Technologies to Upscale Market Size

Modern versions of crawler dozers are improved and altered with specific mechanisms so as to meet the increasing demand. Modern equipment is installed with more sophisticated tools to make the work more efficient and effective. Some of the modern mechanisms installed are automatic transmissions, hydraulic cylinders, and automatic grade control options.

Nonetheless, the utilization of such systems, with their multiple advantages, have made them voluntarily acceptable across several industries. Besides, these dozers have benefited industries by their multiple applications, along with increased speed & accuracy of movement, and terrain control. These advantages and applications are expected to enhance the size of the market.

DRIVING FACTORS

Innovative Technologies Introduced in the Machines Will Emerge in Favor of Market Growth

Innovative concepts embedded in this machine are expected to propel the crawler dozers market growth. Advanced concepts such as sensors, joysticks, power controls, power steering, and power breaks are assisting in increasing efficiency of work. These new technologies help in effectively controlling the machines with the loads intact on it. This will enhance the outcome as well as aid in improving the work quality.     

Furthermore, smart technologies include smart grade control embedded with sensors which helps in generating approximately 100 corrections for every second. With the help of these technologies, inexperienced operators can gain skills to operate these dozers within a short period of time. Moreover, use of these new and smart machine technology is expected to enhance the job site accuracy along with work quality and efficiency. Therefore, these advanced technologies offer effortless operation of machines and are expected to drive the growth of the market.

RESTRAINING FACTORS

High Upfront Investment and Ongoing Financial Crisis to Hinder Market Growth

Several companies are automating the grading process by deploying smart crawler dozers, which requires diffusion of huge amounts of capital. This involves purchasing cost, training cost, and cost involved in maintaining the dozers. Furthermore, in the midst of ongoing pandemic companies are facing troubles in adjusting to changing needs of the hour. The companies are currently going through a severe cash crunch, as a result of which they are required to even lay off their employees and work-force. This is expected to affect the companies in the coming years based on the severity of hampered economic activity owing to the unprecedented time.

SEGMENTATION

By Horsepower Analysis

300 – 600 HP Crawler Dozers Likely to Generate Significant Revenue

Based on horsepower, the market is segmented into less than 300 HP, 300 - 600 HP, and more than 600 HP.

The 300 – 600 HP crawler dozers are expected to account for a significant market share during the forecast period. This sub-segment consists of machines that are suitable for a variety of grades and provide appropriate control. The growth of these types of dozers is also expected to boost the sales as these are not limited to one application.

Crawler dozers with more than 600 HP engine power are expected to exhibit moderate growth during the forecast period. Furthermore, less than 300 HP dozers are expected to have the highest growth of the market during the forecast period. These dozers provide smooth sorting of materials with the necessary density, thus resulting in better interlocking of materials at concentrated places. This has augmented the use of dozers at small agricultural lands, commercial properties, etc.

By Application Analysis

Construction Application Segment is to Exhibit Considerable Market Growth

The application segment covered in this report includes construction, mining, agriculture and others which includes transportation.

Construction sub-segment is a prominent application for the crawler dozers, as a result of which it will witness considerable growth in the coming years. In this application, the dozers are used for multiple purposes, such as grading, moving soils or other construction material from one place to another, among various other use cases. In addition, agricultural application is expected to show steady growth during the period. This application is expected to intensify the growth of the market due to increasing agricultural activities. Mining application is expected to show moderate growth due to overall decrease in the mining sector. The use of dozers is occasionally replaced with excavators or motor graders, which is likely to slow-down the growth of the market.

REGIONAL INSIGHTS

The market is analyzed across five major regions, namely North America, Europe, Asia Pacific, the Middle East & Africa and Latin America. Europe generated a revenue of USD 1.75 billion in 2019 and is anticipated to emerge as the dominant region during the forecast period. The region is expected to hold a prominent section of the crawler dozers market share during the forecast period owing to the development of the construction industry in countries such as Germany, Italy, etc. However, Europe already utilizes modernized equipment, owing to which the market is expected to grow moderately in the coming future.

North America is projected to witness steady growth in the forecast period. It is because the region is already saturated owing to the early adoption of the machines. Asia Pacific is anticipated to exhibit the highest growth rate during the forecast period. This region also has a strong presence of Chinese players who offer these machines at relatively lower prices, thus resulting in higher market share for the forecast period.

Middle East & Africa and Latin America are expected to post steady growth during the forecast period. The growth is owed to the initiatives taken by the governments in these regions to increase infrastructural quality along with rising investments from the public as well private sector for infrastructural development. Furthermore, increasing mining expenditure is expected to fuel the crawler dozer market.

KEY INDUSTRY PLAYERS

Focused Efforts to Establish Presence in Developing Economies to Spur Competition

Leading key players such as Shantui Construction Machinery co., Ltd, Caterpillar, Deere & Company, and LiuGong Dressta Machinery have a dominant position, holding approximately 75% - 80% share in this market. The leading manufacturers in the market are focusing on setting up their plants in emerging and developing economies. This is done in order to enable cost effectiveness and maintain a high rate of production. The developing economies have abundance of resources coupled with less manufacturing cost and government initiations to boost the manufacturing sector.

LIST OF KEY COMPANIES PROFILED:

• Deere & Company (United States)


• Caterpillar (United States)


• Liebherr-International Deutschland GmbH (Switzerland)


• LiuGong Dressta Machinery (Poland)


• Shantui Construction Machinery Co., Ltd (China)


• Komatsu Ltd (Japan)


• CNH Industrial N.V (The Netherlands)


• Xuanhua  Construction  Machinery  Co., Ltd. (China)

KEY INDUSTRY DEVELOPMENTS

• July 2019: Deere & Company announced the launch of new 850L crawler dozer. This model is the successor of the company’s famous K-series. 850L is equipped with a 9litre JD engine which produces 225 HP and provides approximately 10% more power than the K-series.


• February 2019: Caterpillar launched a D5 medium size crawler dozer. This model will succeed the renowned D6N model. D5 is installed with a 7.1litre engine which generates power of 170 HP.

REPORT COVERAGE:

The market research report provides an in-depth analysis of the market dynamics and competitive landscape. It provides various key insights including recent industry developments in the automated guided vehicle market, such as mergers & acquisitions, macro, and microeconomic factors, SWOT analysis, and company profiles.

Report Scope & Segmentation