The world's largest construction machinery manufacturers in 2016
Caterpillar of the United States and Komatsu of Japan were two of the largest construction equipment manufacturers in 2016, generating around 21.3 billion U.S. dollars and some 14 billion U.S. dollars, respectively, in equipment sales. In the United States alone, shipments in the construction machinery industry are expected to amount to around 32.4 billion U.S. dollars in 2020.
While India's coal mining sector is set to become a driver of growth, China is predicted to experience an economic slowdown. 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.