A recent report by consultancy firm Turner and Townsend shows that construction industry around the world will continue on an upward trajectory mainly due to fresh investment in infrastructure which is creating significant opportunity for real estate development.
It goes without saying that 2018 will be a boon for construction equipment manufacturers.
Here is a list of some of the world’s top construction equipment manufacturers in the world.
List of World’s top construction equipment manufacturers
Caterpillar
Caterpillar is the world’s largest construction equipment manufacturer. It is a US firm that designs, manufactures and distributes heavy construction equipment around the world. In 2016, Caterpillar was ranked No.59 on the Fortune 500 list and No.194 on the Global Fortune 500 list. Its origin dates back to 1925.
Komatsu
Komatsu is one of the world’s largest construction equipment manufacturers. It is a Japanese multinational corporation that manufactures construction, mining, forestry, and military equipment, as well as industrial equipment like press machines, lasers and thermoelectric generators. Its headquarters are in Minato, Tokyo, Japan.
Komatsu is the world’s second largest manufacturer of construction equipment and mining equipment after Caterpillar. The company was founded in 1921.
Hitachi Construction Machinery
Hitachi Construction Machinery is a construction equipment manufacturer in Japan, under a Hitachi Group company. It is listed on the Nikkei 225, under the directorship of Ciaran Geraghty. The company manufacturers Excavators, Loaders, Recycle machines, Compaction equipment and Dump trucks.
Volvo Construction Equipment
Volvo Construction Equipment – Volvo CE – (originally Munktells, Bolinder-Munktell, Volvo BM) is a major international company that develops, manufactures and markets equipment for construction and related industries. It is a subsidiary and business area of the Volvo Group.
Terex Corporation
Terex is also one of the world’s top construction equipment manufacturers. It is an American global firm that manufacturers are lifting and material handling solutions for a variety of industries, including construction, infrastructure, quarrying, recycling, energy, mining, shipping, transportation Corporation, refining and utilities.
Liebherr Group
Established in 1949 by German entrepreneur Hans Liebherr, The Liebherr Group is a large equipment manufacturer based in Switzerland. It consists of over 130 companies organized into ten Divisions namely Earthmoving, Mining, Mobile Cranes, Tower Cranes, Concrete Technology, Maritime Cranes, Aerospace and Transportation Systems, Machine Tools and Automation Systems, Domestic Appliances, and Components.
It has a worldwide workforce of over 42,000, with 9 billion euros in revenue for 2017. At one point it was the largest crane manufacturer in the world.
John Deere
John Deere is an American manufacturer of construction and related machinery. It is one the world’s top construction equipment manufacturers and is listed on the New York Stock Exchange . It is a brand name of Deere and Company and was incepted by John Deere in 1837.
XCMG
XCMG is a state owned Chinese firm heavy equipment manufacturer. It is headquartered in Xuzhou, Jiangsu. It is also one of the world’s top construction machinery manufacturers. XCMG was founded in 1989. Its subsidiary, XCMG Construction Machinery Co. Ltd., is listed on the Shenzhen Stock Exchange SZSE.
Sany
Also known as Sany Heavy Industry Co., Ltd., Sany is one of the world’s top construction equipment manufacturers. It is headquartered in Changsha, Hunan Province in China. Its formation dates back to 1986 when Lianyuan Welding Material Ltd was incepted. Later the firm was renamed Group Co., Ltd
Doosan Infracore
With 80-year history behind it Doosan is one of the oldest construction equipment manufacturer in the world. Since becoming a member of Doosan Group in 2005 the company has increased its activities globally securing a slot as one of the top world’s top construction equipment manufacturers. It is a South Korean conglomerate. It was founded in 1896.
READ
ALE heavy lift deepens Africa foray with Nigeria office