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Asia Pacific held the dominant position in the market in 2017 and is projected to retain its
dominance throughout the forecast period (2018–2025). China, India, and Japan are the growth
engines in the region. This is owing to increasing infrastructure projects in these countries. For
instance, in 2013, China announced 'one belt one road initiative' to connect three regions (Asia,
Africa, and Europe), which has increased aided in growth of the construction industry in the
country. Moreover, increasing government investments in infrastructure sector in India is
expected to aid in growth of the market. For instance, according India Brand Equity Foundation
(IBEF), in April 2018, in the Union Budget 2018-2019, Government has allocated US$ 92.22
Billion for the infrastructure sector. Dozers play a vital role in the construction industry, thus
creating a conducive environment for growth of the dozer market in Asia Pacific.
Dozer Market: Competitive Insight
Key players operating in the global dozer market are Caterpillar, Komatsu, John Deere,
Liebherr, Hitachi Construction Machinery Co., Ltd., AB Volvo, Nanjing, and Dressta.
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