Top 7 World-Leading Suppliers of Construction Equipment

Several firms stand out as worldwide leaders in the field of construction equipment. These companies constantly produce high-quality machinery and innovative solutions to meet the industry's expectations.

(Photo : Pexels/Anamul Rezwan )

1. Caterpillar Inc (USA)

With a market share of 16.3 percent, Caterpillar Inc., headquartered in Illinois, United States of America, dominates the construction equipment industry worldwide. The company produces, distributes, and markets diesel-electric locomotives, industrial gas turbines, construction and mining equipment, and engines powered by natural gas and diesel.

More than 300 machines, such as dozers, compactors, wheel loaders, hydraulic mining shovels, and compactors, comprise Caterpillar's heavy equipment division. Although most of Caterpillar's heavy machinery is produced in the Midwest, the business also has several other top manufacturing factories in different countries, including China, Brazil, and Russia.

2. Komatsu (Japan)

Komatsu Limited is a Japanese company that manufactures construction and mining equipment, compressed machines, industrial machinery, and forest machines. Despite being acknowledged as the world's second-largest supplier of construction and mining equipment, the firm has a more significant market share than Caterpillar in Japan and China.

Komatsu is a well-known brand recognized for its wide variety of excavators, including everything from little excavators to massive mining excavators that are more powerful. While the firm's headquarters are located in Minato, Tokyo, Japan, the corporation was established in 1921 and is named after the city of Komatsu, situated in the prefecture of Ishikawa.

3. John Deere (USA)

Equipment for the construction and agricultural industries is produced by John Deere, which is also known as Deere & Company or simply Deere. With a history dating back to the 1800s, the John Deere brand has expanded to become one of the most prominent makers of construction implements. Most of their construction equipment is yellow and black, yet much of their agricultural machinery is easily recognizable due to the 'John Deere Greene' logo.

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4. Liebherr (Germany)

Since its founding in Germany, Liebherr has produced machinery for various industries, including construction, mining, and material handling. In 2022, Liebherr, which was established in 1949, generated $13.9 billion in global revenue. The Liebherr family continues to exercise influence over the company founded by Hans Liebherr, which is currently under their ownership. As a result of its presence in forty different countries, Liebherr is established as a global brand.

5. XCMG (China)

The Xuzhou Construction Machinery Group, also known as XCMG, has its headquarters in China. In addition to having 15 manufacturing sites worldwide, the XCMG brand is present in 190 unique nations. Accordingly, the company is responsible for the production of a diverse assortment of construction machinery, including wheel loaders, excavators, rollers, soil compactors, motor graders, and more.

6. Sany (China)

Even though it offers diverse products, Sany is most well-known for its excavators. With sales of US$16 billion, Sany surpassed the previous year's revenue of US$14.4 billion.

7. Volvo CE (Sweden)

The boost in sales that Volvo Construction Equipment saw, which totaled 10.7 billion US dollars, allowed the company to take a competitive position. In the same way that the pandemic negatively influenced sales for most European companies, Volvo CE experienced a significant boost in sales on this year's list, as was anticipated. Volvo CE is one of the most successful original equipment manufacturers (OEMs) in the field of electric equipment.

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