Founded in 1989, the British KHL Group is the world's leading provider of construction machinery information. Not long ago, they released the list of the top 50 global construction machinery manufacturers in 2021. The data shows that the global sales of construction equipment in 2020 reached 191.587 billion US dollars, of which the sales of the top10 companies accounted for 65.3% of the global market share.
Among the top ten companies, the United States and Japan each have two companies on the list, China has three companies on the list, and Sweden, Germany and South Korea each have one company on the list. Under the influence of the global new crown epidemic, although the sales of global construction equipment have declined, the sales of Chinese construction machinery have achieved growth.
The top10 global construction machinery manufacturers in 2021 and their introductions are as follows.
1.Caterpillar Inc. (US)
Caterpillar, a famous American company, continues to be the world's No. 1 construction machinery manufacturer, with total sales of about $24.8 billion. Its share of total global sales fell slightly to 13% from 16% previously, but it remains one of the world's largest manufacturers of construction machinery and mining machinery.
Caterpillar was founded in 1925 and is headquartered in Illinois, USA. It is not only a manufacturer of construction machinery and mining equipment, but also a manufacturer of gas engines and industrial gas turbines, and one of the largest manufacturers of diesel engines in the world. It has provided more than 300 products to customers in more than 180 countries and regions.
Main products: excavators, wheel loaders, dozers, scrapers, motor graders, mining trucks, road rollers, pavers, etc.
Komatsu still ranks second on the list, with total sales of $19.9 billion.
Founded in 1921 and headquartered in Tokyo, Japan, Komatsu Group is one of the world's largest manufacturers of construction machinery and mining machinery. At present, Komatsu has headquarters in five regions including China, the United States, Europe, Asia and Japan, and has as many as 143 subsidiaries.
Main products: construction machinery such as excavators, dozers, wheel loaders and dump trucks, industrial machinery such as various large presses and cutting machines, logistics machinery such as forklifts, underground construction machinery such as tunnel boring machines and shield tunneling machines, and power generation equipment, etc
XCMG moved up from its previous ranking to take third place on the list, with total sales of US$15.1 billion.
Xuzhou Construction Machinery was founded in 1989 and is headquartered in Xuzhou City, Jiangsu Province, China. It is one of the largest, most diversified and competitive companies in China's construction machinery industry.
Main products: cranes, wheel loaders, excavators, road rollers, pavers, motor graders, concrete equipment, rotary drilling rigs, heavy trucks, forklifts, tunnel boring machines, etc.
4.SANY Group (CN)
Sany Group moved up from its previous ranking to take fourth place on the list. Its total sales increased to $14.4 billion from $10.9 billion previously.
Founded in 1989 and headquartered in Changsha, Hunan, Sany Group focuses on the production of various types of earthmoving machinery, concrete machinery, crane machinery, road machinery, piling machinery and port machinery. In China, Sany has built three industrial clusters in Changsha, Beijing and Yangtze River Delta, and three industrial parks in Shenyang, Xinjiang and Zhuhai; overseas, Sany has built four R&D and manufacturing bases in India, USA, Germany and Brazil, and its business covers more than 150 countries and regions worldwide.
In January 2012, Sany acquired Putzmeister, a world-renowned brand, changing the competitive landscape of the global industry.
Main products: excavator, loader, trailer pump, pump truck, mortar pump, concrete mixing plant, crane, road roller, asphalt plant, forklift, etc.
The ranking of Zoomlion has been greatly improved, from the previous tenth place to the fifth place, with a total sales of $9.4 billion.
Founded in 1992 and headquartered in Changsha, Hunan, Zoomlion is mainly engaged in the R&D and manufacturing of construction machinery, agricultural machinery and other equipment. Zoomlion's products cover ten categories, including agricultural machinery, concrete machinery, construction cranes, aerial work machinery, earthmoving machinery, firefighting equipment and so on. The company's two main business segments are concrete machinery and crane machinery, both of which rank among the top two in the world.
Main products: pump truck, concrete placing boom concrete mixing plant, wet spraying machine, truck crane, crawler crane, excavator, drilling rig, forklift, farming machinery, fire fighting truck, etc.
6.John Deere (US)
John Deere fell from third to sixth place, with total sales of $8.9 billion.
Founded in 1837 and headquartered in Moline, Illinois, USA, John Deere is the world's leading manufacturer of construction machinery, agricultural machinery and lawn machinery. John Deere has industrial bases in 11 countries, and its products are exported to more than 160 countries and regions. It is also currently the world's largest agricultural machinery manufacturer and the world's second largest construction machinery manufacturer, ranking among the top 500 companies in the world.
Main products: tractors, grain harvesting machinery, spraying equipment, grass mowers, wheel loaders, engines, etc.
7.VOLVO Construction Equipment (SE)
Volvo Construction Equipment fell one place to seventh on the list, with total sales of $8.8 billion.
Volvo Construction Equipment, a subsidiary of the Volvo Group, was founded in 1832 and is headquartered in Gothenburg, Sweden. It is a world-renowned manufacturer of construction equipment. It has production sites in Sweden, Germany, Poland, the United States, Canada, Brazil, South Korea, China and India and operates in more than 150 countries.
Main products: excavators, wheel loaders, motor graders, articulated trucks, road rollers, pavers and other products.
8.HITACHI Construction Machinery (JP)
Hitachi fell to No. 8 on the list, with sales of $8.5 billion.
Hitachi Construction Machinery Co., Ltd. is a subsidiary of the Hitachi Group. It was established in 1970 and is mainly engaged in the manufacture, sales and service of construction machinery, transportation machinery and other equipment. It has production facilities in Asia, Europe, North and South America, and employs more than 17,000 people worldwide.
Main products: excavators, wheel loaders, recycling machines, road rollers, dump trucks, etc.
Liebherr's main market is Europe, which was locked down for a long time last year, so its total sales were just $7.8 billion. It has dropped to number nine on the list.
Liebherr was established in 1949 and is headquartered in Bulle, Switzerland. The company's first mobile and affordable tower crane was a huge success, laying the foundation for the company's flourishing growth.
Main products: wheeled excavators, hydraulic excavators, wheel loaders, dozers, tower cranes, truck-mounted cranes, dump trucks, etc.
10.DOOSAN Infracore (KR)
Doosan fell to No. 10 on the list, with the total sales of $7.1 billion.
Founded in 1937, Doosan Infracore is part of the South Korean Doosan Group and is a company that produces construction equipment and engines. In 2021, Hyundai Heavy Industries Group acquired a 35% stake in Doosan Infracore.
Main products: excavators, loaders, dump trucks, dozers, etc.