Top 5 construction equipment manufacturers in the world

Top 5 construction equipment manufacturers in the world:



Top 5 construction equipment manufacturers in the world

In a demanding business of construction, choosing the right construction equipment can be all you need to have a competitive edge over other contractors. The following are the top construction equipment manufacturer in the world you may want to consider when constructing a building.
1. Caterpillar (U.S.)
As the world’s largest auctioneer of heavy equipment they always have a large selection of construction equipment in upcoming unreserved public auctions—including unused and late model construction machinery from Caterpillar, Case, Volvo, John Deere, Komatsu, JCB, Bobcat and other well-known construction equipment manufacturers, including unused and late model construction machinery.
Even with an US$11 billion decrease in 2013 revenue, the well-known yellow giant still managed to hold on to the number one spot in the annual ranking survey. Heavily dependent on earthmoving equipment sales – specifically, excavators, loaders, bulldozers, crawler dozers, scrappers, and shovels – Caterpillar couldn’t avoid the impact of a softening mining sector. Orders for mining equipment decreased worldwide as commodity prices fell yet again in 2013 and mine owners switched their focus from building infrastructure and opening new mines to increasing production in order to make up for the shortfall
2. Komatsu
Komatsu America Corp. is a U.S. subsidiary of Komatsu Ltd., the world’s second largest manufacturer and supplier of earth-moving equipment, consisting of construction, mining and compact construction equipment. Komatsu America also serves forklift and forestry markets. Through its distributor network, Komatsu offers a state-of-the-art parts and service program to support its equipment. Komatsu has proudly been providing high-quality reliable products for nearly a century.
As economic growth stagnated in China, so did sales for in one of Komatsu’s biggest regional market. But a depreciating Yen helped Komatsu boost exports to other regional markets. Overall, Komatsu managed a slight +2.3% increase for the year, making it one of the year’s biggest winners.
3. Volvo Construction Equipment
Volvo CE’s products and services are offered in more than 125 countries through proprietary or independent dealerships. Customers are using Volvo machines in quarries & aggregates, energy related industries (oil & gas), heavy infrastructure, utilities, road construction, building, demolition, recycling industry, industrial material handling, and forestry industry.
Their product range includes wheeled and crawler excavators (diggers), articulated haulers (dumpers, dump trucks), scraper haulers, wheel loaders, pipelayers, demolition equipment, waste handlers, motor graders, pavers, compactors, milling equipment, tack distributors, road wideners, material transfer vehicles and a range of compact equipment such as mini loaders and mini excavators
In 2012, Volvo launched a two-year strategy aimed at “increasing the probability and market share of road equipment”.3 As part of this strategy, Volvp purchased Terex Corporation. The acquisition added five models of rigid haulers and three articulated haulers to Volvo’s line-up, giving the company a boost to the number 3 position and increasing its sales of equipment to the general construction, oil and gas, and road building sector.
4. Hitachi Construction Machinery
HCM was established in 1970, when Hitachi, Ltd. spun off its construction machinery division. When it was still part of Hitachi more than 60 years ago, HCM was involved in the production of Japan’s first mechanical excavator.
Currently, the 48 companies that comprise the HCM Group are using IT as a strategic management resource to provide total solutions for customers’ needs. In this way, HCM continues to grow as a strong, global, competitive enterprise.
As was the case with its fellow Japanese construction equipment manufacturer Komatsu, Hitachi’s construction equipment sales revenue also increased thanks in part to a fluctuating yen and an increase in exports. Another helpful boost came from a continued strong demand for Hitachi hydraulic excavators in China and Japan during the third quarter of 2013.4 However, Hitachi’s position could prove precarious as a drop-off in domestic demand, a continuing economic slump in China and slow mining equipment sales threaten any potential gains in 2014.5
5. Liebherr
The Liebherr family business was established in 1949 by Hans Liebherr. The great success of his first mobile, easy-to-assemble and affordable tower crane was the foundation on which the company flourished. Today Liebherr is not only one of the world’s leading manufacturers of construction machinery but is also an acknowledged supplier of technically innovative user-oriented products and services in numerous other fields. The company has now grown into a Group with more than 39,000 employees in more than 130 companies across all continents.
The decentrally organized Liebherr Group is divided into company units of manageable size, operating independently.
Despite a slight fall in construction machinery revenue – specifically for earthmoving, mobile cranes and tower crane sales – Liebherr managed to move from the number 7 spot on the Yellow Table to number 5, ousting Sany who dropped to 8th place. For 2014, Liebherr plans to grow its 4.6% market share through investments in a new logistics center in Germany; an expansion of its Adelaide, Australia location; and the addition of a new hydraulic production plant for hydraulic excavators, wheel loaders and material handling equipment in Dalian, China.6
Top 5 construction equipment manufacturers in the world
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