About This Statistic
This statistic represents the world's largest construction machinery manufacturers in 2016, based on construction equipment sales. That year, Caterpillar sold equipment to the value of around 21.3 billion U.S. dollars, and was ranked first.
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.