Top 10 Construction Machinery Manufacturers

Construction funding continues to play a large role at Pelagic Capital Corporation. We thought you may be interested to see how constructions brands compare to one another on a relative basis by sales volume. We’ve gotten the following information from Statista, a leading source of statistical data tracking this market. Using their compilation of data for the full year 2014, we present; The world’s largest construction machinery manufacturers in 2014, based on construction equipment sales (in billions – U.S. dollars)

 

The following represents the world’s largest construction machinery manufacturers in 2014, based on construction equipment sales.

 Manufacturer

Equipment sales in billion U.S. dollars

Caterpillar (U.S.)

28.28

Komatsu (Japan)

16.88

Hitachi (Japan)

7.79

Volvo (Sweden)

7.79

Terex (U.S.)

7.31

Liebherr (Switzerland / Germany)

7.13

John Deere (U.S.)

6.58

XCMG  (China)

6.15

Sany (China)

5.42

Doosan Infracore

(South Korea)

5.41

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. Alternatively, Chinese machinery manufacturing company Sany sold equipment to the value of around 5.42 billion U.S. dollars, and was ranked 9th and South Korean, Doosan with 5.41 billion was 10th.

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 in 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.

 

We hope you find this article informative regarding the best construction machinery manufacturers.

Whether your needs include replacing equipment, upgrading equipment, or acquiring new equipment for growth, Pelagic Capital Corporation is here to help with all of your equipment financing and leasing needs. Having prior funded hundreds of millions of dollars of equipment we understand the ins and outs of getting you funded.

Call or email today (203)956-4873 or info@pelagiccapitalcorp.com

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