Top 50 construction equipment makers lose revenue

Ranking of global construction equipment manufacturers sees Chinese brands suffer from the slowdown and the top 10 reshuffle

Caterpillar, as usual, reigns supreme, but 2015 was a nasty shock for Chinese manufacturers.
Caterpillar, as usual, reigns supreme, but 2015 was a nasty shock for Chinese manufacturers.

The fall in global commodity prices and slowdowns in many emerging economies saw revenues for the world’s 50 largest construction equipment manufacturers fall by 16.2% last year to $133bn, according to the ‘2016 Yellow Table’ report compiled by International Construction.

This is the lowest revenues have been, and follows the sharpest year-on-year fall, since 2009 — when industry sales fell to $109bn during the depths of the global financial crisis.

The most striking impact of this market trend is seen among China’s largest construction equipment manufacturers. All of the Chinese companies in the Yellow Table fell down the rankings this year compared to their positions 12 months ago.

In addition, some of those drops were among the heaviest falls for any company in the ranking, with Shantui falling seven places to 38 in this year’s ranking, and Liugong slipped six places to 22.

These losses also saw some changes at the top of the ranking, with Sany dropping out and leaving XCMG as the only Chinese manufacturer remaining in the top ten, in ninth position – opening the way for JCB to enter the top ten for the first time since the 2008 edition of the Yellow Table.

Caterpillar retained the first place it has always held, and Komatsu was again the clear global number two. Below them, however, Terex displaced Hitachi as global number three in the industry and Liebherr moved up at the expense of Volvo.

However, the difference in revenue terms between Terex, Hitachi, Liebherr, Volvo and John Deere, which occupy positions three to seven, is modest. South Korea's Doosan improved on its previous position to move up into eighth.

The top 10 ranking of global equipment manufacturer by revenue for 2015 is therefore: Caterpillar, Komatsu, Terex, Hitachi, Liebherr, Volvo, John Deere, Doosan, XCMG and JCB.

Most popular

Awards

Deadline approaches for CW Oman Awards 2020 in Muscat
You have until 20 January to submit your nominations for the ninth edition of the

Conferences

CW In Focus | Inside the Leaders in KSA Awards 2019 in Riyadh
Meet the winners in all 10 categories and learn more about Vision 2030 in this
CW In Focus | Leaders in Construction Summit UAE 2019
A roundup of Construction Week's annual summit that was held in Dubai this September

Latest Issue

Construction Week - Issue 765
Jun 29, 2020