Self-Propelled Bulldozer Market

Depressed global demand for self-propelled bulldozers is expected to continue declining over the next eight years. China leads in consumption and production, while Spain has the highest per capita consumption. The United States, Finland, and the UK are major exporters. Market value and volume are projected to contract, reflecting a downward trend in consumption and production.

Market Forecast

Depressed by shrinking demand for self-propelled bulldozer worldwide, the market is expected to continue its downward consumption trend over the next eight years. The performance of the market is forecast to contract with an anticipated CAGR of -2.9% for the period from 2022 to 2030, which is projected to depress the market volume to 277K units by the end of 2030.

In value terms, the market is forecast to contract with an anticipated CAGR of -0.6% for the period from 2022 to 2030, which is projected to bring the market value to $33.9B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Self-Propelled Bulldozers And Excavators

In 2022, consumption of self-propelled bulldozers and excavators was finally on the rise to reach 352K units after six years of decline. In general, consumption, however, recorded a slight descent. Global consumption peaked at 468K units in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

The global self-propelled bulldozer market value rose notably to $35.5B in 2022, with an increase of 12% 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, saw a pronounced downturn. Global consumption peaked at $54B in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Consumption By Country

China (92K units) remains the largest self-propelled bulldozer consuming country worldwide, accounting for 26% of total volume. Moreover, self-propelled bulldozer consumption in China exceeded the figures recorded by the second-largest consumer, India (37K units), twofold. The third position in this ranking was taken by the United States (36K units), with a 10% share.

In China, self-propelled bulldozer consumption remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: India (-0.9% per year) and the United States (-1.4% per year).

In value terms, China ($7.9B), India ($4.7B) and the United States ($4.1B) were the countries with the highest levels of market value in 2022, with a combined 47% share of the global market. Brazil, Indonesia, Spain, France, the UK, Turkey, Japan and Germany lagged somewhat behind, together comprising a further 21%.

Among the main consuming countries, Germany, with a CAGR of +7.0%, saw the highest growth rate of market size over the period under review, while market for the other global leaders experienced mixed trends in the market figures.

In 2022, the highest levels of self-propelled bulldozer per capita consumption was registered in Spain (278 units per million persons), followed by the UK (119 units per million persons), France (115 units per million persons) and the United States (106 units per million persons), while the world average per capita consumption of self-propelled bulldozer was estimated at 45 units per million persons.

From 2012 to 2022, the average annual rate of growth in terms of the self-propelled bulldozer per capita consumption in Spain totaled +7.7%. In the other countries, the average annual rates were as follows: the UK (-7.3% per year) and France (-2.4% per year).

Production

World Production of Self-Propelled Bulldozers And Excavators

In 2022, after five years of decline, there was significant growth in production of self-propelled bulldozers and excavators, when its volume increased by 10% to 321K units. Over the period under review, production, however, continues to indicate a slight shrinkage. Over the period under review, global production reached the peak volume at 454K units in 2016; however, from 2017 to 2022, production remained at a lower figure.

In value terms, self-propelled bulldozer production expanded sharply to $31.1B in 2022 estimated in export price. Overall, production, however, recorded a noticeable decline. The most prominent rate of growth was recorded in 2015 when the production volume increased by 10%. Over the period under review, global production attained the maximum level at $52.3B in 2016; however, from 2017 to 2022, production failed to regain momentum.

Production By Country

China (96K units) remains the largest self-propelled bulldozer producing country worldwide, comprising approx. 30% of total volume. Moreover, self-propelled bulldozer production in China exceeded the figures recorded by the second-largest producer, India (40K units), twofold. The United States (36K units) ranked third in terms of total production with an 11% share.

In China, self-propelled bulldozer production remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: India (-0.0% per year) and the United States (-1.4% per year).

Imports

World Imports of Self-Propelled Bulldozers And Excavators

In 2022, approx. 86K units of self-propelled bulldozers and excavators were imported worldwide; rising by 24% against the year before. Overall, imports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2020 when imports increased by 39% against the previous year. Global imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, self-propelled bulldozer imports expanded rapidly to $4.8B in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 41%. Global imports peaked at $5.3B in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports By Country

Spain (11K units), the United States (9.6K units) and France (8.6K units) represented roughly 34% of total imports in 2022. The Netherlands (4.8K units) took the next position in the ranking, followed by Germany (4.2K units). All these countries together took approx. 10% share of total imports. The following importers - Poland (3.6K units), Bulgaria (3.4K units), Ireland (2.8K units), Denmark (2.6K units), Italy (1.7K units), Russia (1.6K units), Vietnam (1.6K units) and Austria (1.5K units) - together made up 22% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Spain (with a CAGR of +62.2%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($400M), Russia ($216M) and Vietnam ($208M) appeared to be the countries with the highest levels of imports in 2022, with a combined 17% share of global imports.

Vietnam, with a CAGR of +43.0%, 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.

Import Prices By Country

The average self-propelled bulldozer import price stood at $55,956 per unit in 2022, falling by -10.3% against the previous year. Over the period under review, the import price showed a abrupt decline. The pace of growth was the most pronounced in 2015 an increase of 10% against the previous year. Global import price peaked at $120,399 per unit in 2013; however, from 2014 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 Russia ($134,806 per unit), while the Netherlands ($6,199 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+2.3%), while the other global leaders experienced a decline in the import price figures.

Exports

World Exports of Self-Propelled Bulldozers And Excavators

In 2022, shipments abroad of self-propelled bulldozers and excavators increased by 9.6% to 55K units, rising for the third year in a row after two years of decline. Over the period under review, exports showed a notable expansion. The pace of growth was the most pronounced in 2020 with an increase of 63%. The global exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, self-propelled bulldozer exports expanded markedly to $3.5B in 2022. In general, exports, however, recorded a perceptible descent. The most prominent rate of growth was recorded in 2021 when exports increased by 45% against the previous year. The global exports peaked at $4.5B in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports By Country

In 2022, the United States (10K units), followed by Finland (6.6K units), the UK (4.6K units), China (4.5K units), the Netherlands (4.4K units) and India (2.8K units) represented the major exporters of self-propelled bulldozers and excavators, together achieving 61% of total exports. Italy (2.4K units), France (2.2K units), Turkey (2.1K units), Brazil (1.9K units), South Korea (1.5K units), Austria (1.4K units) and Germany (1.2K units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Finland (with a CAGR of +41.7%), while the other global leaders experienced more modest paces of growth.

In value terms, the UK ($749M), the United States ($397M) and India ($397M) were the countries with the highest levels of exports in 2022, together accounting for 44% of global exports.

India, with a CAGR of +21.1%, 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 self-propelled bulldozer export price amounted to $64,124 per unit, remaining constant against the previous year. Overall, the export price saw a abrupt descent. The growth pace was the most rapid in 2018 an increase of 15%. Over the period under review, the average export prices hit record highs at $130,547 per unit in 2012; however, from 2013 to 2022, the 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 Brazil ($163,575 per unit), while the Netherlands ($10,468 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+0.7%), while the other global leaders experienced mixed trends in the export price figures.

Source: IndexBox Market Intelligence Platform