Bulldozer Market

The article provides a comprehensive analysis of the global bulldozer and angle dozer market from 2022 to 2030. It covers consumption trends, market volume, and value projections, with a forecasted CAGR of +1.5% for volume and +4.2% for value. The United States leads in consumption and production, while Japan, China, and Brazil dominate exports. Crawler dozers are the major imported and exported product, with a higher average price compared to wheeled dozers. The article also highlights fluctuations in consumption, production, and import prices, providing valuable insights for industry stakeholders.

Market Forecast

Driven by increasing demand for bulldozers and angle dozers worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +1.5% for the period from 2022 to 2030, which is projected to bring the market volume to 72K units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +4.2% for the period from 2022 to 2030, which is projected to bring the market value to $10.9B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Bulldozers And Angle Dozers

In 2022, after three years of growth, there was significant decline in consumption of bulldozers and angle dozers, when its volume decreased by -18.3% to 64K units. Overall, the total consumption indicated mild growth from 2012 to 2022: its volume increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +41.0% against 2018 indices. Global consumption peaked at 78K units in 2021, and then shrank significantly in the following year.

The global bulldozer market size plummeted to $7.9B in 2022, falling by -15.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a relatively flat trend pattern. Global consumption peaked at $9.3B in 2021, and then reduced notably in the following year.

Consumption By Country

The United States (20K units) constituted the country with the largest volume of bulldozer consumption, accounting for 31% of total volume. Moreover, bulldozer consumption in the United States exceeded the figures recorded by the second-largest consumer, Russia (5.6K units), threefold. Japan (4K units) ranked third in terms of total consumption with a 6.4% share.

From 2012 to 2022, the average annual growth rate of volume in the United States amounted to +18.4%. The remaining consuming countries recorded the following average annual rates of consumption growth: Russia (+1.7% per year) and Japan (-5.8% per year).

In value terms, the United States ($2B) led the market, alone. The second position in the ranking was held by France ($795M). It was followed by Russia.

In the United States, the bulldozer market expanded at an average annual rate of +16.4% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of market growth: France (+5.6% per year) and Russia (-3.9% per year).

The countries with the highest levels of bulldozer per capita consumption in 2022 were Australia (110 units per million persons), Canada (67 units per million persons) and the United States (58 units per million persons).

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by Italy (with a CAGR of +51.9%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Bulldozers And Angle Dozers

In 2022, approx. 48K units of bulldozers and angle dozers were produced worldwide; increasing by 6.2% on 2021 figures. In general, production, however, continues to indicate a relatively flat trend pattern. Global production peaked at 48K units in 2012; however, from 2013 to 2022, production remained at a lower figure.

In value terms, bulldozer production shrank slightly to $6.5B in 2022 estimated in export price. Overall, production, however, recorded a mild slump. The pace of growth appeared the most rapid in 2016 when the production volume increased by 17%. Global production peaked at $7.4B in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Production By Country

The countries with the highest volumes of production in 2022 were Japan (12K units), the United States (9.5K units) and China (6.9K units), with a combined 58% share of global production. France, Brazil, Russia and Saudi Arabia lagged somewhat behind, together comprising a further 27%.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by Saudi Arabia (with a CAGR of +110.2%), while production for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Bulldozers And Angle Dozers

In 2022, after three years of growth, there was significant decline in purchases abroad of bulldozers and angle dozers, when their volume decreased by -20.3% to 50K units. In general, imports, however, saw moderate growth. The most prominent rate of growth was recorded in 2021 with an increase of 60%. As a result, imports attained the peak of 63K units, and then declined dramatically in the following year.

In value terms, bulldozer imports amounted to $4.4B in 2022. Overall, imports recorded a noticeable curtailment. The pace of growth was the most pronounced in 2021 with an increase of 35%. Over the period under review, global imports reached the peak figure at $6.2B in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports By Country

The United States represented the major importer of bulldozers and angle dozers in the world, with the volume of imports amounting to 15K units, which was approx. 30% of total imports in 2022. Russia (3.4K units) took a 6.8% share (based on physical terms) of total imports, which put it in second place, followed by Australia (5.9%), Canada (5.6%) and Indonesia (4.6%). The following importers - Thailand (2K units), Italy (1.8K units), the Netherlands (1.7K units), Spain (1.5K units), Belgium (1K units) and South Africa (0.9K units) - together made up 18% of total imports.

From 2012 to 2022, average annual rates of growth with regard to bulldozer imports into the United States stood at +22.4%. At the same time, Italy (+48.1%), Thailand (+39.8%), Spain (+20.2%), the Netherlands (+5.6%) and Russia (+4.8%) displayed positive paces of growth. Moreover, Italy emerged as the fastest-growing importer imported in the world, with a CAGR of +48.1% from 2012-2022. Indonesia, Belgium and Australia experienced a relatively flat trend pattern. By contrast, South Africa (-1.2%) and Canada (-2.6%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United States, Thailand, Italy, Spain and Russia increased by +25, +3.7, +3.5, +2.4 and +1.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($532M), Australia ($432M) and Canada ($415M) constituted the countries with the highest levels of imports in 2022, with a combined 31% share of global imports. Russia, Indonesia, the Netherlands, South Africa, Belgium, Spain, Italy and Thailand lagged somewhat behind, together comprising a further 27%.

Spain, with a CAGR of +12.4%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Imports By Type

Crawler dozers was the major imported product with an import of about 41K units, which finished at 81% of total imports. It was distantly followed by wheeled dozers (9.5K units), committing a 19% share of total imports.

Crawler dozers was also the fastest-growing in terms of imports, with a CAGR of +3.1% from 2012 to 2022. wheeled dozers (-1.3%) illustrated a downward trend over the same period. While the share of crawler dozers (+7.7 p.p.) increased significantly in terms of the global imports from 2012-2022, the share of wheeled dozers (-7.7 p.p.) displayed negative dynamics.

In value terms, crawler dozers ($4B) constitutes the largest type of bulldozers and angle dozers imported worldwide, comprising 91% of global imports. The second position in the ranking was taken by wheeled dozers ($416M), with a 9.4% share of global imports.

From 2012 to 2022, the average annual growth rate of the value of crawler dozers imports amounted to -2.9%.

Import Prices By Type

The average bulldozer import price stood at $88,011 per unit in 2022, picking up by 41% against the previous year. Over the period under review, the import price, however, continues to indicate a drastic downturn. Global import price peaked at $151,619 per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major imported products. In 2022, the product with the highest price was crawler dozers ($98,177 per unit), while the price for wheeled dozers amounted to $43,977 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by wheeled dozer (-5.3%).

Import Prices By Country

In 2022, the average bulldozer import price amounted to $88,011 per unit, with an increase of 41% against the previous year. In general, the import price, however, recorded a abrupt shrinkage. Global import price peaked at $151,619 per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Canada ($147,933 per unit), while Thailand ($3,229 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.2%), while the other global leaders experienced mixed trends in the import price figures.

Exports

World Exports of Bulldozers And Angle Dozers

In 2022, overseas shipments of bulldozers and angle dozers increased by 14% to 35K units, rising for the second consecutive year after two years of decline. In general, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by 50%. Over the period under review, the global exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, bulldozer exports soared to $4.7B in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 51%. Over the period under review, the global exports hit record highs at $5.1B in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports By Country

Japan (7.8K units), China (5.8K units), the United States (5K units) and Brazil (3.7K units) represented roughly 64% of total exports in 2022. It was distantly followed by the Netherlands (2.1K units), making up a 5.9% share of total exports. Thailand (1,307 units), Belgium (1,104 units), France (921 units), Austria (888 units) and Italy (765 units) took a little share of total exports.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +33.8%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, Japan ($1.2B), Brazil ($891M) and China ($600M) appeared to be the countries with the highest levels of exports in 2022, together comprising 57% of global exports. The United States, Thailand, the Netherlands, France, Austria, Belgium and Italy lagged somewhat behind, together comprising a further 34%.

Among the main exporting countries, Thailand, with a CAGR of +41.2%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Exports By Type

Crawler dozers represented the key exported product with an export of about 30K units, which finished at 86% of total exports. It was distantly followed by wheeled dozers (4.8K units), achieving a 14% share of total exports.

Crawler dozers experienced a relatively flat trend pattern with regard to volume of exports. wheeled dozers (-2.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of crawler dozers increased by +3.6 percentage points.

In value terms, crawler dozers ($4.4B) remains the largest type of bulldozers and angle dozers supplied worldwide, comprising 95% of global exports. The second position in the ranking was held by wheeled dozers ($222M), with a 4.8% share of global exports.

For crawler dozers, exports remained relatively stable over the period from 2012-2022.

Export Prices By Type

The average bulldozer export price stood at $134,460 per unit in 2022, growing by 3.8% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by 13%. As a result, the export price reached the peak level of $157,143 per unit. From 2017 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exported products. In 2022, the product with the highest price was crawler dozers ($148,585 per unit), while the average price for exports of wheeled dozers amounted to $46,325 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by crawler dozer (-0.7%).

Export Prices By Country

In 2022, the average bulldozer export price amounted to $134,460 per unit, with an increase of 3.8% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by 13% against the previous year. As a result, the export price attained the peak level of $157,143 per unit. From 2017 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Thailand ($243,618 per unit), while Italy ($40,206 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+5.5%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform