Recognizable for the distinctive “CAT” logo painted on its yellow vehicles, the U.S.-based company manufactures, designs, markets and sells machinery, engines, financial products and insurance to worldwide customers via a worldwide dealer network. 4- Volvo (Sweden): Founded in 1927, The Swedish company Volvo is one of the most familiar names in the global automotive industry. 10- Doosan (South Korea): The Doosan Group was founded in 1896. You can get your finance customized basis the repayment viability. This was a marked improvement on 2016's $130 billion - representing an increase of 21.5% in 2017. Komatsu is a global player not only in heavy equipment, but also in metal presses, machine tools, recycling, temperature control equipment, tunnelling machinery and related fields. A new entry into the top ten is Chinese firm Zoomlion, which rises from number 13 on the list last year. Although the rise is encouraging, it is still significantly less than the 2012 sales figure of $186 billion. With sales of 26,637 million USD, it performs strongly in both the domestic market and overseas. Positioned to attract companies who work on the land, the product range includes backhoe loaders, skid steer loaders, excavators and graders. It is developed by Yamanashi Hitachi Construction Machinery Co., Ltd. under the leadership of Kiyoshi Amemiya, the president. Focusing on creating robust, high-performance machinery that has the edge even in challenging conditions, Liebherr is a popular European manufacturer that continues to perform strongly. Interestingly, China's market share has increased noticeably, with Chinese companies holding position six (XCMG) and position eight (Sany) in the top ten rankings. XCMG achieved operating income of 101.2 billion yuan in December 2012, becoming the industry's first enterprise that had an operating income exceeding 100 billion yuan. Hitachi Construction Machinery builds anti-personnel landmine removal equipment based on excavators. To assist you with the required finances. It will be interesting to see how these trends continue to develop as time goes on against an increasingly competitive global backdrop. The Tokyo-based Komatsu was established in 1917 which also produce a wide array of trucks and agricultural equipment. Komatsu eventually became large enough to sell to the public, and was spun off on May 13, 1921 as Komatsu Ltd. 3- Hitachi (Japan): One of the most venerable names in the construction equipment industry is Hitachi. hbspt.cta._relativeUrls=true;hbspt.cta.load(3473494, '02ffb95d-9fe8-4290-a57b-4f93983fe768', {}); Asia Pacific construction equipment manufacturing market is expected to grow from $92 billion in 2016 to $122.9 billion in 2020 at a CAGR of 7.5% for the period 2016-2020. With more than US$89 billion in assets, Caterpillar is ranked number one in its industry and number 44 overall in the Fortune 500 Companies List. In comparison with other earth moving equipment companies in this list, John Deere has a more limited product selection. The company prides itself on constantly upgrading and reinventing its products in order to meet the changing demands of the 21st century workplace. Globally, the market shares of the bigger heavy equipment companies remained virtually unchanged. Sany is one of a number of Chinese companies beginning to make their presence felt on the global market, providing significant competition to the traditional domination of firms from the US, Europe and Scandinavia. A Japanese giant in heavy equipment manufacturing, Komatsu retains its number two position for yet another year. In 2017, Liebherr's sales were estimated at around 7,398 million USD, with a market share of 4.6%. Its subsidiary XCMG Construction Machinery Co. Ltd. is listed on the Shenzhen Stock Exchange. Up two places on 2018, 2019’s table sees Chinese manufacturer Sany burst into the top 10 after a dramatic increase in revenues. The Doosan bobcat company is well-known for its high-performance mini-diggers, featuring compact loaders and excavators as well as utility products and telehandlers. Although there were no significant changes in the line-up of the top 10 heavy equipment manufacturers from the previous few years, it's clear that the domination previously enjoyed by the US and Japanese markets is being challenged, particularly from Chinese and Korean companies. 6- Liebherr (Germany/Switzerland): The Liebherr Group is a large German equipment manufacturer based in Switzerland specializing in cranes, aircraft parts, household appliances, and mining. The company was established in 1837, and it offers a wide array of heavy machinery including tractors, , loaders, excavators, and harvesters of various kinds. The following is a list of the world's largest manufacturing companies, ordered by revenue in millions of U.S. dollars according to the Fortune Global 500 in the year 2017. Serving a global audience, Doosan is committed to creating sustainable, durable products which have the capacity to perform well in some of the toughest environments you'll find anywhere. Become a supplier on iSeekplant and make a, Volvo has always enjoyed an excellent reputation for the engineering quality and safety of their vehicles; their heavy machinery is no exception. We look at some of the world's biggest construction equipment manufacturers in the world and list the top 10 heavy equipment manufacturers globally. KHL: Global construction equipment market down 16.2%; Cat retains no. The company was established by Gerald Williamson in 1925, and its equipment is sold in over 170 countries. XCMG is a state-owned company and was founded in 1989. Each year, our editors evaluate the products introduced over the previous months and choose those considered most innovative. A well-established US company that's been around for more than 200 years, John Deere have an excellent reputation for producing premium agricultural equipment, construction and forestry equipment. JCB is well-represented in the UK and European markets, as well as having an international presence. 9- Sany (China): The China-based Sany Heavy Industry Co. Ltd was founded in 1986 by Liang Wengen. Built to last and integrating new technologies such as diesel/electric hybrids, full suspension, Responsible for products such as a 2,000 tonne, With sales of 6,984 million USD and a market share of 4.3%, the company has continued to steadily carve a niche in the competitive heavy equipment market. Siemens (Includes Subsidiaries) Total Pipeline Capacity (MW): 103,620.605 Projects: 1,383. Largest financial services companies by revenue, Largest manufacturing companies by revenue, Largest information technology companies by revenue, Public corporations by market capitalization, The rich get richer and the poor get poorer, Socialism for the rich and capitalism for the poor, https://en.wikipedia.org/w/index.php?title=List_of_largest_manufacturing_companies_by_revenue&oldid=987300564, Short description is different from Wikidata, Creative Commons Attribution-ShareAlike License, Telecommunications equipment, Electronics, This page was last edited on 6 November 2020, at 04:01. Need work for to your machines? With the industry booming, this is the right time to expand your fleet and get new construction equipment. The company also produces a range of wind-driven machinery. Firmly entrenched in the number one position, the US company Caterpillar continues to dominate the industry, taking a massive 16.4% of the market share in 2017. Innovations such as battery-powered excavators and hydraulic systems which are ultra energy-efficient ensure that Hitachi offers an optimal solution for a wide audience in sectors such as agriculture, engineering, energy and construction. 5- Terex (US): The U.S.-based Terex produces a wide variety of construction and mining equipment for a global clientele. The only UK company in the top ten, JCB had sales of 4,611 million USD in 2017, resulting in a market share of 2.8%. The company's sales were 6,232 million USD in 2017 and their market share was 3.7%. Siemens is a global leader in the wind power industry, with a strong presence in all facets of the business: offshore, onshore and services. In 1991 Lianyuan Welding Material Ltd. was officially renamed Sany Group Co., Ltd. and its headquarters were officially moved to Changsha. XCMG have have improved their sales not only within Asia, but also globally. The company is continually focused on developing equipment that's suitable for 21st century working. Since then, Doosan has developed into a multinational conglomerate, with particular emphasis on consumer goods, manufacturing, trading and construction equipment business. The Doosan bobcat company is well-known for its high-performance mini-diggers, featuring, Heavy Equipment Manufacturing Trends in 2018 and beyond, Get the latest updates in Major Projects and Industry News straight to your inbox, World-Wide Glut of Heavy Equipment as Contractors Choose to Hire, Top 10 Heavy Construction Equipment Names, Fuel Tank, Fuel Cells and Fuel Pump Suppliers, Pavers, Spreaders, Stabilisers, Profilers. Particularly popular in Europe and Scandinavia, Volvo's share of the market was 4.8%, with a worth of 7,810 million USD. Well-known for its excavators, JCB also offer wheeled loaders and a selection of road-building equipment. Komatsu Iron Works was started by Takeuchi Mining Industry as a subsidiary to make industrial tools for the parent company. Innovations such as battery-powered, Need work for to your machines? 3. However, the global construction equipment manufacturing market is predicted to reach $230.9 billion by 2020 from $181.6 billion in 2016 at a compound annual growth rate (CAGR) of 6.2%, from 2016 to 2020. Top 10 Wind Turbine Manufacturers . 1.) Pioneers of LiveLink - software that enables operators to remotely manage JCB machinery, JCB have a history of creative innovation and constant improvement. top 10 construction equipment manufacturers . Liebherr provides a selection of telescopic handlers, cranes, excavators, wheeled loaders and dozers. Currently the 100 biggest companies by revenue are included. If you are a first time buyer or if you are looking to expand your fleet you can avail the best option with us. Doosan’s core businesses are based on Infrastructure Support Business, which has five subsidiaries: Doosan Corporation, Doosan Heavy Industries & Construction, Doosan Infracore, Doosan Engineering & Construction and Doosan Engine. Hot on Doosan's heels, Sany is a Chinese company that focuses on intelligent manufacturing, sustainable industry, new energy development as well as housing and industrialisation. The following is a list of the world's largest manufacturing companies, ordered by revenue in millions of U.S. dollars according to the Fortune Global 500 in the year 2017. The improvement in the US economy in recent years could also be a factor in Caterpillar's continued success.