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Infrastructure and housing industries globally continue their upward trend. This drives industry giants like Komatsu and Caterpillar to new heights. The global heavy construction equipment manufacturing market was $181.6 billion in 2016. It is on trend to reach $230.9 billion by 2020.
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Read on for information on the top 10 heavy equipment manufacturers.
Top 10 Heavy Equipment Manufacturers
Building trends in Asia, Africa, and Europe continue to grow. Global economic pressure has slowed growth in some areas, but demand is still higher than in 2016. There are no new manufacturers joining the top 10 list, even if their position shifts year to year.
Caterpillar (North America)
Distinctive yellow giant Caterpillar tops the list of industrial equipment manufacturers. It delivers engines and cargo handling equipment — also, agricultural and other industrial machinery for global use.
The U.S. based Caterpillar is #1 among construction and mining equipment makers. Their products include gas turbines for industrial use — also diesel and electric trains, earth moving and hoist equipment, and heavy-duty engines.
John Deere (North America)
The U.S. based John Deere also appears in the top 10. It manufactures agricultural, construction, and forestry machinery. It is the second largest heavy equipment manufacturer in the U.S.
You can find its diesel engines, industrial drivetrains, and lawn care equipment worldwide.
Komatsu (Asia)
Komatsu Ltd is a Japan-based multinational corporation. They manufacture for the military, construction, and mining industries.
Komatsu produces a broad range of industrial equipment. Komatsu is Asia’s largest manufacturer of heavy industrial machinery. They are second only to Caterpillar worldwide.
Hitachi (Asia)
Japan-based Hitachi is a leading construction equipment manufacturer based in Japan. They are famous for their small appliances. But, Hitachi’s heavy equipment manufacturing includes excavators, cranes, elevators, and loaders.
XCMG (Asia)
Government-owned XCMG Group is a Chinese heavy equipment manufacturing company and is one of the biggest construction machinery companies in the world. It is China’s largest heavy machinery manufacturer.
Sany (Asia)
Chinese multinational corporation Sany makes its headquarters in Changsha, Hunan Province, China. It produces concrete machinery, excavators, hoists, cranes and wind turbines.
Zoomlion (Asia)
Zoomlion is also based in Changsha, Hunan Province, China. Zoomlion’s heavy equipment and construction machinery products are popular in growing markets. This includes the Middle East. Also, South America, Africa, CIS (former Soviet bloc) and Southeast Asia.
Doosan Infracore (Asia)
Seoul, Korea company Doosan Infracore, is an international company. They produce a range of excavators, loaders and diesel engines.
Volvo CE (Europe)
Swedish giant Volvo Construction Equipment has a long history. It is in the global top 10 list of construction manufacturers every year. Volvo CE manufactures and sells many types of earthmoving and construction equipment.
Liebherr (Europe)
The Liebherr Group is a heavy equipment manufacturer. They make their headquarters in Switzerland and other countries. It provides equipment for mining, aerospace, concrete and maritime industries.
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