With total sales revenue of 41.7 billion U.S. dollars, U.S.-based Caterpillar Inc. was ranked the second heavy equipment manufacturer worldwide, behind Japan's Hitachi and ahead of Illinois-based Deere & Company and Sweden's Volvo Group.
The leading heavy equipment manufacturers worldwide as of April 2021, based on sales
(in billion U.S. dollars)
Each company making the list has to be public. The source uses the latest-12-months’ financial data available to them. In order to be included, companies need to exceed the following cutoff values: sales revenue of 4.6 billion U.S. dollars, market value of 8.3 billion U.S. dollars (as of April 16 2021), profits of 278.5 million U.S. dollars, and assets of 12.72 billion U.S. dollars.
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Forbes. (May 13, 2021). The leading heavy equipment manufacturers worldwide as of April 2021, based on sales (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 29, 2021, from https://www.statista.com/statistics/257347/leading-machinery-manufacturers-worldwide/
Forbes. "The leading heavy equipment manufacturers worldwide as of April 2021, based on sales (in billion U.S. dollars)." Chart. May 13, 2021. Statista. Accessed November 29, 2021. https://www.statista.com/statistics/257347/leading-machinery-manufacturers-worldwide/
Forbes. (2021). The leading heavy equipment manufacturers worldwide as of April 2021, based on sales (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 29, 2021. https://www.statista.com/statistics/257347/leading-machinery-manufacturers-worldwide/
Forbes. "The Leading Heavy Equipment Manufacturers Worldwide as of April 2021, Based on Sales (in Billion U.S. Dollars)." Statista, Statista Inc., 13 May 2021, https://www.statista.com/statistics/257347/leading-machinery-manufacturers-worldwide/
Forbes, The leading heavy equipment manufacturers worldwide as of April 2021, based on sales (in billion U.S. dollars) Statista, https://www.statista.com/statistics/257347/leading-machinery-manufacturers-worldwide/ (last visited November 29, 2021)
