Pipelayers and Industrial Bulldozers Market is anticipated to grow at a significant CAGR of 8.5% from 2019 to 2030
Market Industry Reports (MIR) has published a new report titled “Pipelayers and Industrial Bulldozers Market- Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030.” According to the report, the global pipelayers and industrial bulldozers market is anticipated to grow at a significant CAGR of 8.5% from 2019 to 2030.
Pipelayers preforms the initial work of laying down the pipes included in groundwork phase which facilitates in sewage disposal, drainage of water and has several other uses. Industrial bulldozers are utilized to push large quantities of materials used in mining and other construction activities. The major driver of pipelayers and industrial bulldozers market is extensive construction undertaken worldwide. For instance, several large scale construction projects such as Sydney Metro West project and three-tower luxury residential scheme, Sky Garden, are undertaken in Australia which will help in the growth of the market. The rising demand for fast and superior quality construction with minimum human interference, have led companies to replace outdated equipment with more efficient and powerful equipment which in turn boosts the growth of this market.
Browse key industry insights spread across 230 pages with market data tables & figures & charts from the report, Pipelayers and Industrial Bulldozers Market - Analysis & Forecast 2019-2030. in detail along with the table of contents:https://www.marketindustryreports.com/pipelayers-and-industrial-bulldozers-market/108
Increasing development and investment in metro rail projects, highway construction, real-estate, and smart city projects along with several government ventures for housing schemes in developed countries are likely to propel the market growth during the forecast period. For instance, Qatar would be hosting ‘FIFA World Cup’ in 2022 for which the government is undertaking several measures for developing infrastructure which will propel the market. Moreover there is extensive demand of pipelayers for distribution of natural gas, oil and several other fuels which contributes to drive the growth of this market further.
However, the inflation in prices of raw materials generally used for construction such as steel and iron along with high cost associated with manufacturing equipment hampers this market. The lack of standardization also contributes to restraining the growth of the market.
The prominent players in the pipelayers and industrial bulldozers market are Caterpillar Inc., AB Volvo, Taishan Construction Machinery Co., Ltd., Brandt Group of Companies, Komatsu Ltd., Liebherr Group, Shantui Construction Machinery co.,Ltd and among others.
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