What are the most established brand names in the heavy equipment industry in 2019?
‘The Yellow Table’, the name of International Construction magazine’s list of the top 100 heavy equipment producers shows us how these multi-national, multi-billion dollar companies performed last year.
Globally, the market shares of the bigger heavy equipment companies remained virtually unchanged. But the biggest surprise seems to be the revival of the John Deere company, which jumped six places to 3rd place since 2018.
Here’s an ordered list of some of the world’s top producers of heavy construction equipment.
Caterpillar is an American company with a diverse portfolio. It designs, develops, engineers, manufactures, markets and sells heavy equipment, engines, financial products and insurance to customers around the world. Caterpillar is a major supplier of machinery for building and mining, diesel and natural gas engines, industrial gas turbines, as well as diesel-electric locomotives. The headquarters of Caterpillar are located in Chicago.
The company achieved 23,230 million USD in sales last year, with a dominating market share of 12.6%.
A Japanese multinational in the manufacture of heavy equipment, for another year Komatsu has maintained its number two place. Renowned for its autonomous haulage systems (AHS), intelligent machine control and a multitude of other cutting-edge developments, Komatsu is a forward-thinking company not content to rest on previous successes. Komatsu has a large presence in the heavy equipment industry as well as producing metal presses, machine tools, recycling equipment, and temperature-control equipment.
With last year’s heavy equipment earnings of USD 22.010 million, Komatsu continues to strengthen its place as a worldwide leader with a market share of 11.9 percent.
- John Deere
John Deere is a long-time American manufacturer of heavy equipment. It was started in 1837 and has continued to grow ever since. A US firm a legacy spanning 200 years in heavy equipment, it has an outstanding reputation for manufacturing premium agricultural, construction and forestry machinery.
The company’s backhoe loaders, skid steer loaders, excavators and graders are a favorite of those who work on the land. John Deere has a more limited range of products compared to other earth moving equipment companies in this list, but what it lacks in quantity it more than makes up for in quality.
The company achieved 10,160 million USD in sales last year, with a market share of 5.5%.
- Hitachi Construction Machinery
This is one of Japan’s leading construction equipment manufacturers. It is a well-renowned business that provides customers around the globe with both small and large-scale machinery for a variety of functions. The main heavy equipment and construction machinery offerings from Hitachi include Hydraulic Excavators, Mining Dump Trucks, Forestry Equipment, Crawler Dump Trucks and Wheel Loaders.
Sustainability and safety have always been at the heart of Volvo’s philosophy.
For the engineering and safety of its cars, Volvo has always had an outstanding reputation and their heavy equipment is no exception. Constructed to last and incorporate new technologies such as diesel / electric hybrids, full suspension articulated loaders and autonomous vehicles, many people consider Volvo construction equipment to be a solid choice for reliability.
Volvo has a 5.2 percent share, with revenues worth 9,627 million U.S.D. Their impressive numbers are mainly due to their presence in Europe and Scandinavia.
The XCMG Group is a state-owned Chinese heavy machinery manufacturing firm based in the Jiangsu province of China. They are one of the world’s biggest manufacturers of building equipment. The company is 2nd in the list of the top 100 manufacturers of machinery in China.
XCMG has strengthened its sales not only in Asia, but also worldwide. The firm continues to expand its share in the market for heavy machinery with revenues of 8,898 million USD and a market share of 4.8 percent. With multiple Chinese heavy equipment manufacturers expanding rapidly on the world stage, XCMG’s backhoes, skid steers and cranes will likely become a sight more frequent sight on construction sites around the world.
Founded in 1989, the SANY Group has a workforce of 50,000 in more than 150 countries globally. It is a Chinese firm dedicated to intelligent manufacturing and sustainable industry. Sany products are commonly used in India and the neighboring nations and offer a range of high-quality machines, such as mini excavators, cranes, loaders, excavators and equipment for road-building.
Sany has a presence on the worldwide market among a number of Chinese upstarts that are in the process of breaking the traditional domination of the American and European firms. Revenues of 8,434 million USD were achieved this year by the company.
The Liebherr Group is a Swiss multinational producer of heavy machinery. Worldwide, it employs over 42,000 people.
Liebherr offers a wide choice of telescopic handlers, cranes, excavators, wheel loaders and dozers. Liebherr is a well-established company that continues to wield its influence on the construction market. It continues to produce high-performance equipment that can stand up to the most challenging of circumstances.
- Doosan Infracore
Doosan is a worldwide company committed to building durable, reliable products that will work in whatever environment you happen to be in. The Doosan Bobcat company is renowned for its high-performance mini diggers, which include compact loaders and excavators. Doosan is an expanding presence on the heavy equipment industry with a varied range of products for a diverse set of jobs.
The only UK manufacturer in the top ten, JCB generated a market share of $5.5 million in 2019. JCB is well-represented in the UK and European markets, as well as having an international presence.
Perhaps best known for their LiveLink software, which allows operators to handle JCB equipment remotely, JCB has a history of creative development and continuous progression, the company is also renowned for its excavators, and JCB also offers rolling carriers and a range of equipment for building roads.
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