This statistic represents the world's largest construction machinery manufacturers in 2015, based on construction equipment sales. That year, Terex sold equipment to the value of around 6.54 billion U.S. dollars, and was ranked third.
The world's largest construction machinery manufacturers in 2015
Caterpillar of the United States and Komatsu of Japan were two of the largest construction equipment manufacturers in 2015, generating around 24 billion U.S. dollars and some 14 billion U.S. dollars, respectively, in equipment sales. In the United States alone, the construction machinery industry is expected to generate 56 billion U.S. dollars in revenue in 2014, an increase from the 27.24 billion U.S. dollar revenue in 2009. The construction machine business was sized at around 78.3 billion U.S. dollars in 2015.
While India is set to become a driver of growth, China is predicted to experience an economic slowdown. Here, construction equipment unit sales dropped by 17 percent in 2015. Furthermore, emission regulations, idle vehicles that are available second hand, trade restrictions and emerging market competitor pressures are strong challengers to growth in the construction equipment market.