The world's top 15 manufacturers of earthmoving equipment are among the most renowned suppliers of heavy and construction equipment. When you're looking to buy earthmoving equipment, it's hard to take a look at what these equipment suppliers have to offer.
Also read:Top 10 dump truck manufacturers in the world
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These companies have maintained their leadership positions and are expected to continue to dominate the market for the foreseeable future due to the rapid development of the infrastructure and housing industries around the world.
Here is the complete list of the top 15 earthmoving equipment manufacturers in the world.
Caterpillar Inc. (USA)
is in first placeRaupe Inc., a world-renowned company that designs, develops, manufactures, markets and sells machinery, engines, financial and insurance products to customers through a worldwide distribution network.
In 2020, the Peoria, Illinois-based company manufactured $32.882 million worth of construction equipment, including backhoe loaders, mini/midi excavators (0-13 t), skid steer or skid steer loaders, telescopic handlers, tracked excavators/loaders, compaction/ Road Construction, Graders, Excavators (13t+), Wheel Loaders, ADTs, Rigid Trucks, Drilling/Foundations, Breakers and Attachments.
In the same year, the company held the lead in the construction equipment market with a total of 16.2%, about 5% above second place in our list.
Headquarters of Minato, TokyoKomatsu Ltd. (Komatsu)is second on our list after selling $23.298 million worth of construction equipment and capturing a 11.5% market share in 2020.
The Japanese multinational mainly sold backhoe loaders, mini or midi excavators (0-13 t), skid steer or skid steer loaders, telescopic handlers, crawler excavators/loaders, motor graders, bulldozers (over 13 t), wheel loaders, articulated lorries, flatbed trucks. Hammers and Accessories as well as Break and Seven this year.
Deere & Company (EE. UU.)
After the acquisition and merger with the successful Wirtgen Group, an international German company in the construction industry whose core business was the development and production of machines for road construction and maintenance,Deere and company, known as John Deere, has climbed the ladder to become a major player in the construction equipment niche.
In 2020, the company captured a 5.5% market share and earned $11.22 billion in construction equipment sales. Equipment was mainly backhoe loaders, mini or midi excavators (0-13 t), skid steer or skid steer loaders, tracked tractors/loaders, motor graders, excavators (over 13 t), wheel loaders and articulated lorries.
Stands behind Deere & CompanyXuzhou Construction Machinery Group Co., Ltd. (XCMG), a Chinese multinational heavy machinery manufacturer headquartered in Xuzhou, Jiangsu.
With a 5.5% market share for construction equipment in 2020, like its predecessor on this list, XCMG generated sales of $11.162 million, just one step ahead of Deere.
XCMG is followed on our list of the world's top 15 earthmoving equipment manufacturers by another Chinese company called XCMGSany Heavy Industry Co.,Ltd (Sany)which had a market share of 5.4% in 2020. Headquartered in Changsha, Hunan, Sany operates approximately 25 manufacturing sites worldwide, with overseas factories in the United States, Germany, India and Brazil.
Its product line is best known for its mini excavators, but the company also sells cranes, wheel loaders, excavators and construction equipment. Last year, the company made $10.956 million from the sale of construction equipment.
Volvo CE (Sweden)
our number sixVolvo construction machinery (Volvo CE), a subsidiary and division of the Volvo Group, takes us from Asia to Europe, mainly to Sweden, where it is headquartered in Gothenburg.
With manufacturing facilities in the United States, Brazil, Scotland, Sweden, France, Germany, Poland, India, China, Russia and South Korea, the company manufactures a variety of wheel loaders, hydraulic excavators, articulated trucks, motor graders, earth and asphalt compactors, pavers, backhoe loaders, skid steer loaders and milling machines.
In 2020, the company achieved a market share of 4.6% and construction equipment sales of US$9.381 million. The most sought after products during this period were mini or midi excavators (0 to 13 tons), skid steer and skid steer loaders, motor graders, wheel loaders, ADTs and solo trucks.
With construction equipment sales of US$8,989 million and a market share of 4.4% in 2020Hitachi Construction Machinery Co., Limited., a Japanese construction equipment company that manufactures, sells, and services construction machinery, haulage equipment, and other machinery and equipment, ranks seventh on our list of top 15 road transport equipment manufacturers.
The subsidiary of the Hitachi Group operates plants in North America, South America, Europe and Asia and is known for its range of equipment such as excavators, crawler cranes, wheel loaders, light compaction equipment and dump trucks.
Another company from Europe,Liebherr GroupJoins Volvo CE in the battle for a place among the top 15 global earthmoving equipment manufacturers, with construction equipment sales of $8.565 billion and a 4.2% market share in 2020.
Headquartered in Switzerland, the company has one of the tallest and most powerful crawler cranes in the world and a wide range of earthmoving machines and hydraulic excavators, wheel loaders, bulldozers, track loaders, telehandlers and dump trucks.
For special civil engineering projects, it supplies universal crawler cranes or special piling and drilling equipment.
Doosan Infracore (South Korea)
Strengthening the dominance of Asian companies is on our listDoosan-Infracore, an international company that manufactures various sizes of excavators, loaders and diesel engines, from compact machines to large machines.
Headquartered in Seoul, South Korea, the company promises to become one of the world's leading engine manufacturers based on its diverse range of multifunctional products that can meet the world's most stringent environmental regulations.
In 2020, Doosan achieved US$6.689 billion in construction equipment sales and held a 3.3% market share.
The Chinese company closes the top ten positions on our list, proving that Asia is home to the world's leading earthmoving equipment manufacturers.Zoomlion Heavy Industry Science and Technology Co., Ltd, which manufactures a variety of heavy machinery including excavators, bulldozers, access equipment, concrete-related products and drilling equipment.
Headquartered in Changsha, Hunan Province, the company's construction machinery and construction machinery products have sold well in the markets of Middle East, South America, Africa, Southeast Asia, Russia and many high-end markets in the United States and Europe. , and Australia through its more than 20 subsidiaries and 50 offices worldwide.
In 2020, the company generated sales of $6.27 billion in construction machinery and captured a 3.1% market share.
Sandvik mining and rock technology
Cracking the last five spots on our list of the top 15 earthmoving equipment manufacturers in the world isSandvik mining and rock technology, a rock quarrying and mining, rock processing, metal cutting, and materials technology engineering group that I'm sure you've heard little of.
Wow, the Stockholm, Sweden based company earned $5.934 billion in construction equipment sales and claimed a 2.9% market share ahead of some of the world's best known brands like our #12.
No number 12 isJoseph Cyril Bamford (JCB), one of the UK's largest privately owned engineering and manufacturing companies with a global footprint and factories on 4 continents.
For the past year, the Rocester, Staffordshire, England based company has been selling construction equipment such as backhoe loaders, mini or midi excavators (0-13t), skid steer or skid steer loaders, telescopic handlers, road compaction/construction, excavators (13t+), wheel loaders and ADTs total revenue of $5.5 billion and a market share of 2.7%.
Terex Corporationis an American global manufacturer of lifting and conveying equipment for a variety of industries including construction, infrastructure, quarrying, recycling, energy, mining, marine, transportation, refining and utilities.
Headquartered in Norwalk, Connecticut, the company's primary business segments include aerial work platforms, construction cranes, bulk material handling equipment, paving machines and container dockside cranes.
In 2020, Terex achieved US$4.353 million in construction equipment sales and held a 2.1% market share.
With headquarters in Stockholm, Sweden and manufacturing facilities in Sweden, United States, Canada, Australia, China, India, Japan and Germany,Epirock ABis a Swedish mining equipment and infrastructure manufacturer with roots in Atlas Copco.
The company ranks second to bottom on our list with a 2.1% market share in 2020 after selling $4,181 million worth of construction equipment.
In the last slot it isJLG Industries, an Oshkosh access equipment company and leading manufacturer of lifting equipment, including aerial work platforms, boom lifts, scissor lifts, telescopic handlers and low-profile aerial work platforms, headquartered in McConnellsburg, a community in Fulton County, Pennsylvania.
In the year before last, the company made $4.079 million from sales of construction equipment, which primarily included telehandlers and powered access equipment. These figures correspond to a 2.0% share of the entire construction machinery market.