This statistic represents the world's largest construction machinery manufacturers in 2014, based on construction equipment sales. That year, Chinese machinery manufacturing company Sany sold equipment to the value of around 5.42 billion U.S. dollars, and was ranked 9th.
The world's largest construction machinery manufacturers in 2014
Caterpillar of the United States and Komatsu of Japan were two of the largest construction machinery manufacturers in 2014, generating around 28 billion U.S. dollars and some 17 billion U.S. dollars, respectively, in equipment sales. In the United States alone, the construction machinery manufacturing sector 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. China’s market is expected to rise up from around 33 billion U.S. dollars in 2010 to just under 44 billion U.S. dollars in 2015. The number of sales of most common construction equipment is expected to increase. Lift truck sales to customers in China are projected to reach 290,000 units by 2015. Globally, the construction equipment market is expected to rise from around 109 billion U.S. dollars in 2008 to 145.3 billion U.S. dollars in 2015.
The BRIC countries are predicted to experience major growth especially due to large investments in roads, ports, and other related infrastructure. The Brazilian market has also significantly increased due to political stability and economic growth. Mergers such as Caterpillar’s 2011 acquisition of Bucyrus are examples of a consolidating market. Despite predicted growth, emission regulations, trade restrictions, and emerging market competitor pressures are strong challengers to growth in the construction equipment market.