5 Top-Rank Manufacturers of Heavy Construction Equipment

In this modern era, machines play a vital role in the business industry and the latest invented machines have helped the labor to decrease their burden. This was the time when there was a lot of manual work but it has reduced now because there are many heavy equipment that has the ability to carry huge items with ease. The manufacturers of these machines are playing a significant role to change this trend because now they are producing much higher quality machines. These manufacturers are representing one of the most competitive and largest sectors of the business industry. The industry of these machines has jumped to increase its market and reach to the rate of around $230.9 billion by the year 2020 which was around $181.6 billion in the year 2016 which means that it has shown a growth rate of around 6.2% from the year 2016 to 2020. It is predicted by the researchers that this industry will increase its growth rate every year by increasing the number of products. There are different valuable and authentic suppliers of earthmoving equipment that are providing different machines as per the requirements of projects and tasks. The five top-ranked manufacturers of these equipment are listed and discussed below:

Caterpillar:

If we talk about heavy equipment then the first name that comes to our mind is Caterpillar because they are one of the largest manufacturers of construction equipment in the United States. This company is also included in the Global Fortune 500 Company. The revenue of the company has reached $54.7 billion in 2018 which is why they are considered as one of the highest manufacturers in the world. They are also considered as a prime manufacturer of mining and construction equipment, gas and diesel engines, diesel, industrial gas turbines, and electric locomotives. Their most demanding machines are loaders, crawler dozers, excavators, motor graders, shovels, and scrapers. The company has acquired 16.4% of the total market share of this industry in 2017 where they produced sales of 26,637 million USD. Due to their quality and reliability, the company has performed tremendously in both international and domestic markets. The company has been ranked as number one due to its manufacturing machines.

Komatsu:

Komatsu is also one of the most well-known manufacturers of heavy equipment and the company is located in Japan. They are considered giants of the construction industry and they have been ranked on number two positions all over the globe. The company is also considered to be a key player in the manufacturing of machine tools, temperature control equipment, and recycling and tunnel machinery. The company also includes Komatsu Corporation Ltd and it also includes 182 other companies as well. One of the most important factors for which this company has been considered as a world-class manufacturer is because of its grip in the regional market. The company has acquired 11.9% of the total market share in the global industry.

Volvo:

This is an international company that is based in Sweden that manufactures and develops the machines for different construction uses and other related industries as well. The company has a great standing for its quality and the way it has considered the factor of safety is considered as its USP. There are not any other manufacturers who are considered in their league because their machine quality is exceptional. The company is providing different types of construction equipment in this industry that mainly includes motor graders, asphalt compactors, pavers skid steers, milling machines, and hydraulic excavators. Many dealers in the industry considered this company as a reliable option. The company’s market share was 4.8% that has a worth of more than 7,800 million USD and their company has been ranked 4th in the global market.

Hitachi:

Hitachi is also a Japanese brand that manufacturers innovative and quality machines for construction. The company has always focused on providing environmentally friendly machines. They are always looking forward to innovations in their products that is why they have produced different innovative products like ultra-energy-efficient hydraulic systems and battery-powered excavators. This gives us an idea that the company has a broad mindset and innovative strategy that is why they provide ideal solutions for different audiences that are working in energy, agriculture, and engineering construction. The actual market share of the company is around 5.1% that has a sales figure of 8,300 million dollars in 2017. That is why the company has been ranked 3rd number in the global market. Hitachi also offers vibratory roller for sale and it is considered their most demanding product in the global market.

Liebherr:

This company is one of the largest equipment manufacturers and it is based in Switzerland. The company has more than 100 companies in itself and they are being divided into 10 different divisions. The company provides multiple models of machine that mainly includes cranes, wheel loaders, telescopic handlers, cranes and dozers. This company has manufactured one of the most tallest and powerful crawler crane that is named LR 13000. This machine can lift around 3000 tons and the maximum height of its pulley is 248 meters. For projects that require underground tasks the company also supply a crawler crane that can do drilling and piling easily. In the year 2017, the sale of the company was approximately 7,398 million dollars and it has a market share of 4.6%. This organization has been ranked 7th number for its good quality heavy equipment.

These are all the companies that also offer heavy equipment for sale at reasonable prices and there are multiple dealers all over the world that directly contact these companies and buy their machines to maintain their inventory and increase their business by exporting these machines to their customers all over the world.