Global Bulldozer Market Report 2015-2018 with Caterpillar, Hitachi Construction Equipment, Komatsu & Volvo Group Dominating

News provided by

Mar 30, 2015, 01:37 ET

DUBLIN, Mar. 26, 2015 /PRNewswire/ --Research and Markets

(http://www.researchandmarkets.com/research/jf5h8w/global_bulldozer) has announced the addition of the "Global Bulldozer Market 2014-2018" report to their offering.

The analysts forecast the Global Bulldozer market to grow at a CAGR of 8.5 percent and 6.5 percent in terms of consumption and production value, respectively, over the period 2013-2018.

This report covers the present scenario and the growth prospects of the Global Bulldozer market for the period 2014-2018. To calculate the market size, the report considers the value of the market in terms of production and consumption globally. However, it does not consider the sale of used equipment as well as the revenue generated from contracts and maintenance. It primarily focuses on the sale of bulldozers over the past few years and the condition of the Global Construction Equipment market as a whole. The performance of the Bulldozer market is forecast with the help of the predicted CAGR after the analysis of the present market condition.

The availability of financing options to purchase the equipment acts as a dominant catalyst for market growth. It gives small and medium enterprises the opportunity to venture into the Construction industry with minimal risks.

According to the report, the growth in the Global Construction market is one of the major drivers boosting the growth of the Global Bulldozers market. Emerging markets such as China, India, and Russia are increasing their investments in construction to achieve rapid urbanization.

Further, the report states that a major challenge in this market is the high initial investment involved. With the increase in prices of raw materials such as steel and iron, the manufacturing cost of the equipment is increasing, putting a strain on the budgets of smaller vendors.

Key Vendors