Construction machinery is specially designed for performing construction tasks and earthwork operations. These machines are also known as heavy machinery, engineering vehicles, construction equipment or simply equipment. There are many manufacturers such as Caterpillar, Komatsu, Hitachi and Volvo producing different types of heavy construction machinery like Excavator, Loader, Bulldozer, Compactor, Dump Trucks and Mining Machines.
Lets have a look at the top 10 construction machinery manufacturers in the world.
It is an American company which is involved in designing, marketing, manufacturing and selling of engines, heavy machinery, financial goods and insurance to customers. It is the only record holding company for being on 1st position from the last 13 years on the yellow table. Caterpillar is the biggest shareholder in the mining market that’s why they are very much affected by the weakness in the international mining industry but still manages to be on the top of the chart.
Komatsu is a Japanese multinational company involved in producing construction equipment, mining equipment, industrial equipment and military equipment. It is the only record holding company for being on 2nd position from the last 13 years on the yellow table. The Japanese company Komatsu reduces their price of equipment because of the 20% decline in the yen against the US dollar but Komatsu is able to produce and sell its equipment at lower rate than Caterpillar because its 63% of asset is found in Japan.
Komatsu is also a Japanese multinational company part of the DKB Group of companies and the parent of the Hitachi Group. This company is involved in manufacturing construction equipment like Excavator, loader, recycle machines, compaction equipment and dump trucks. Hitachi and Volvo compete for the 3rd position in the yellow table; both Hitachi and Volvo are having $7.8 billion in sales.
Volvo Construction Equipment is a Sweden company involved in manufacturing, developing and marketing of the construction equipment. It is a small part of Volvo Group. Volvo manufactures heavy duty wheel loaders, excavators, motor graders, compactors, pavers and milling machines. Volvo also offers global service of aftermarket solutions for used equipment.
Terex Corporation is an American company involved in manufacturing heavy duty machinery for industries includes refining, shipping, construction, recycling, quarrying, surface mining, transportation and maintenance. Terex is selling its equipment in more than 170 countries.
Sany is a Chinese multinational company. Sany is the 6th largest construction manufacturer in the world. The main products manufactured by Sany are wind turbine, port machinery, road construction machinery, hoisting machinery, pile driving machinery, excavator and concrete machinery.
John Deere is an American corporation involved in manufacturing Construction machinery, Agricultural machinery and Forestry machinery. They also manufacture and market drivetrains and diesel engines worldwide used in heavy construction equipment and lawn care equipment.
XCMG Group is a Chinese multinational company founded in Xuzhou in March 1989. XCMG is the manufacturer of heavy machinery which includes bulldozers, compactors, loaders, excavators, heavy trucks, concrete pumps, concrete mixers and more. Its new launches include 2000-ton crane, 12-ton loader, 4000-ton crawler crane and fourth generation of smart pavement construction equipment.
Liebherr Group is located in Switzerland founded in 1949. It was the world's largest crane company and raised its 4.6% market share by investing in a New Logistics Centre in Germany. Its new launched includes hydraulic production plant for hydraulic excavators, material handling equipment and wheel loaders.
Doosan Infracore is a South Korea Company. The aim of company is to make ‘little grains that can build a mighty mountain’. In Korean language Doo means a unit of grain and San means a mountain. Doosan is highly motivated to encounter customer expectations by delivering different types of products including excavators, loaders and utility equipment.
International Construction Editor Chris Sleight provides a detailed analysis of the top 10 construction equipment manufacturers on the Yellow Table in this video:
Chris Sleight said: “If the industry is to return to growth, the key ingredients would seem to be an improvement in emerging construction markets, and a rebound in commodity prices.”
Lets have a look at the top 10 construction machinery manufacturers in the world.
1. Caterpillar (USA)
It is an American company which is involved in designing, marketing, manufacturing and selling of engines, heavy machinery, financial goods and insurance to customers. It is the only record holding company for being on 1st position from the last 13 years on the yellow table. Caterpillar is the biggest shareholder in the mining market that’s why they are very much affected by the weakness in the international mining industry but still manages to be on the top of the chart.
2. Komatsu (Japan)
Komatsu is a Japanese multinational company involved in producing construction equipment, mining equipment, industrial equipment and military equipment. It is the only record holding company for being on 2nd position from the last 13 years on the yellow table. The Japanese company Komatsu reduces their price of equipment because of the 20% decline in the yen against the US dollar but Komatsu is able to produce and sell its equipment at lower rate than Caterpillar because its 63% of asset is found in Japan.
3. Hitachi Construction Machinery (Japan)
Komatsu is also a Japanese multinational company part of the DKB Group of companies and the parent of the Hitachi Group. This company is involved in manufacturing construction equipment like Excavator, loader, recycle machines, compaction equipment and dump trucks. Hitachi and Volvo compete for the 3rd position in the yellow table; both Hitachi and Volvo are having $7.8 billion in sales.
4. Volvo Construction Equipment (Sweden)
Volvo Construction Equipment is a Sweden company involved in manufacturing, developing and marketing of the construction equipment. It is a small part of Volvo Group. Volvo manufactures heavy duty wheel loaders, excavators, motor graders, compactors, pavers and milling machines. Volvo also offers global service of aftermarket solutions for used equipment.
5. Terex (USA)
Terex Corporation is an American company involved in manufacturing heavy duty machinery for industries includes refining, shipping, construction, recycling, quarrying, surface mining, transportation and maintenance. Terex is selling its equipment in more than 170 countries.
6. Sany (China)
Sany is a Chinese multinational company. Sany is the 6th largest construction manufacturer in the world. The main products manufactured by Sany are wind turbine, port machinery, road construction machinery, hoisting machinery, pile driving machinery, excavator and concrete machinery.
7. John Deere (USA)
John Deere is an American corporation involved in manufacturing Construction machinery, Agricultural machinery and Forestry machinery. They also manufacture and market drivetrains and diesel engines worldwide used in heavy construction equipment and lawn care equipment.
8. XCMG (China)
XCMG Group is a Chinese multinational company founded in Xuzhou in March 1989. XCMG is the manufacturer of heavy machinery which includes bulldozers, compactors, loaders, excavators, heavy trucks, concrete pumps, concrete mixers and more. Its new launches include 2000-ton crane, 12-ton loader, 4000-ton crawler crane and fourth generation of smart pavement construction equipment.
9. Liebherr (Switzerland)
Liebherr Group is located in Switzerland founded in 1949. It was the world's largest crane company and raised its 4.6% market share by investing in a New Logistics Centre in Germany. Its new launched includes hydraulic production plant for hydraulic excavators, material handling equipment and wheel loaders.
10. Doosan Infracore (South Korea)
Doosan Infracore is a South Korea Company. The aim of company is to make ‘little grains that can build a mighty mountain’. In Korean language Doo means a unit of grain and San means a mountain. Doosan is highly motivated to encounter customer expectations by delivering different types of products including excavators, loaders and utility equipment.
International Construction Editor Chris Sleight provides a detailed analysis of the top 10 construction equipment manufacturers on the Yellow Table in this video:
Chris Sleight said: “If the industry is to return to growth, the key ingredients would seem to be an improvement in emerging construction markets, and a rebound in commodity prices.”