Taken together, the total revenues of the world’s 50 largest Heavy Machinery Companies continue to increase, compared to last year.
The latest Heavy Machinery Companies Annual Report, an annual ranking of the world’s construction equipment manufacturers by sales figures, has revealed that sales for 2020 reached a record $ 202 billion.
This figure is a 10% increase over the last table when combined equipment sales for the top 50 OEMs in 2019 were $ 184 billion.
This is the first time that sales have exceeded $ 200 billion.
The world’s top ten Heavy Machinery Companies for 2019 are:
- Caterpillar
- Komatsu
- John Deere
- XCMG
- Sany
- Volvo CE
- Hitachi
- Liebherr
- Doosan
- Zoomlion
What is heavy equipment?
If you are new to construction and drilling, it’s important to understand the types of equipment that will be used on the job.
Heavy Equipment Manufacturers
If you’re working in a project-based business like the construction industry, you learn to keep a close eye on your bottom line.