Crawler Dozer Market

The article discusses the expected growth in the global crawler dozer market over the next eight years, with forecasted increases in market volume and value. Analysis of key countries like the United States, Japan, and Russia shows trends in production, consumption, imports, and exports of crawler dozers. The article highlights growth rates, market performance, and notable changes in consumption and production patterns over the past decade, providing insights into the evolving dynamics of the global crawler dozer market.

Market Forecast

Driven by increasing demand for crawler dozers worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +1.6% for the period from 2022 to 2030, which is projected to bring the market volume to 61K units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +4.4% for the period from 2022 to 2030, which is projected to bring the market value to $10.2B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Crawler Dozers

In 2022, after three years of growth, there was significant decline in consumption of crawler dozers, when its volume decreased by -5.7% to 53K units. The total consumption volume increased at an average annual rate of +2.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Global consumption peaked at 57K units in 2021, and then fell in the following year.

The global crawler dozer market size fell to $7.2B in 2022, waning by -4.6% 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, however, continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $7.7B. From 2021 to 2022, the growth of the global market remained at a somewhat lower figure.

Consumption By Country

The country with the largest volume of crawler dozer consumption was the United States (17K units), comprising approx. 32% of total volume. Moreover, crawler dozer consumption in the United States exceeded the figures recorded by the second-largest consumer, Japan (4.6K units), fourfold. The third position in this ranking was held by Russia (4.5K units), with an 8.4% share.

In the United States, crawler dozer consumption expanded at an average annual rate of +21.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (-2.3% per year) and Russia (+7.8% per year).

In value terms, the United States ($1.8B) led the market, alone. The second position in the ranking was held by France ($877M). It was followed by Japan.

In the United States, the crawler dozer market expanded at an average annual rate of +19.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: France (+6.1% per year) and Japan (-3.0% per year).

The countries with the highest levels of crawler dozer per capita consumption in 2022 were Australia (107 units per million persons), Canada (65 units per million persons) and France (58 units per million persons).

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +24.7%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Crawler Dozers

In 2022, production of crawler dozers increased by 2.4% to 42K units, rising for the eighth year in a row after two years of decline. Over the period under review, production saw a relatively flat trend pattern. As a result, production reached the peak volume and is likely to continue growth in the immediate term.

In value terms, crawler dozer production declined to $6.4B in 2022 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 10%. As a result, production reached the peak level of $6.8B. From 2017 to 2022, global production growth remained at a somewhat lower figure.

Production By Country

The countries with the highest volumes of production in 2022 were Japan (12K units), China (6.8K units) and the United States (6.8K units), with a combined 61% share of global production. France, Brazil, Thailand and Russia lagged somewhat behind, together comprising a further 28%.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the key producing countries, was attained by Russia (with a CAGR of +12.4%), while production for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Crawler Dozers

In 2022, purchases abroad of crawler dozers increased by 1.1% to 41K units, rising for the sixth consecutive year after two years of decline. Overall, imports continue to indicate a temperate increase. The most prominent rate of growth was recorded in 2017 when imports increased by 56%. Over the period under review, global imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, crawler dozer imports surged to $4B in 2022. In general, imports, however, recorded a noticeable shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 38%. Over the period under review, global imports hit record highs at $5.4B in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports By Country

The United States represented the major importing country with an import of about 15K units, which finished at 36% of total imports. Russia (3.4K units) took an 8.3% share (based on physical terms) of total imports, which put it in second place, followed by Australia (7%), Canada (6.5%) and Indonesia (5.5%). The following importers - the Netherlands (1,524 units), Spain (1,072 units), South Africa (793 units), Mexico (634 units) and Belgium (631 units) - together made up 11% of total imports.

Imports into the United States increased at an average annual rate of +22.6% from 2012 to 2022. At the same time, Spain (+28.4%), South Africa (+11.9%), the Netherlands (+6.6%), Russia (+5.9%) and Indonesia (+1.5%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing importer imported in the world, with a CAGR of +28.4% from 2012-2022. Australia and Belgium experienced a relatively flat trend pattern. By contrast, Canada (-2.5%) and Mexico (-4.7%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United States, Spain and Russia increased by +30, +2.3 and +1.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest crawler dozer importing markets worldwide were the United States ($504M), Australia ($418M) and Canada ($398M), with a combined 33% share of global imports. Russia, Indonesia, the Netherlands, South Africa, Mexico, Belgium and Spain lagged somewhat behind, together comprising a further 30%.

Among the main importing countries, Spain, with a CAGR of +13.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

In 2022, the average crawler dozer import price amounted to $98,177 per unit, with an increase of 16% against the previous year. Overall, the import price, however, recorded a abrupt downturn. The most prominent rate of growth was recorded in 2018 an increase of 25% against the previous year. Over the period under review, average import prices attained the peak figure at $178,855 per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Canada ($150,054 per unit), while the United States ($34,273 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 (+3.9%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Crawler Dozers

In 2022, shipments abroad of crawler dozers increased by 19% to 30K units, rising for the second consecutive year after two years of decline. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 55%. The global exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, crawler dozer exports soared to $4.4B in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 55%. Over the period under review, the global exports reached the peak figure at $4.6B in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports By Country

The shipments of the four major exporters of crawler dozers, namely Japan, China, the United States and Brazil, represented more than two-thirds of total export. It was distantly followed by the Netherlands (1.4K units), creating a 4.5% share of total exports. Thailand (1,304 units), Austria (884 units), France (805 units) and Belgium (746 units) took a minor share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Thailand (with a CAGR of +34.6%), while the other global leaders experienced more modest paces of growth.

In value terms, Japan ($1.2B), Brazil ($891M) and China ($592M) were the countries with the highest levels of exports in 2022, with a combined 60% share of global exports. The United States, Thailand, France, the Netherlands, Austria and Belgium lagged somewhat behind, together comprising a further 33%.

Thailand, with a CAGR of +41.6%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

In 2022, the average crawler dozer export price amounted to $148,585 per unit, remaining relatively unchanged against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 11% against the previous year. As a result, the export price attained the peak level of $170,782 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 France ($253,855 per unit), while Belgium ($95,651 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+5.2%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform