The Top 15 Construction Equipment Suppliers
The global construction equipment market is one of the biggest in the world with a value of about 186.56 billion dollars (USD). And it's expected to grow to over 300 billion by 2032. There are several suppliers and manufacturers that contribute to this rising market.
Why Quality Equipment Suppliers Matter
Many contractors are loyal to their equipment suppliers. Either through reliability, great service, or just love of a brand's history, contractors know what they love and stick with them. Having reliable construction equipment providers is important for any contractor as equipment rentals, purchasing, and service are a significant portion of any construction company's costs.
The Top 15 Construction Equipment Suppliers
Many of them you know and are household names like Caterpillar and John Deere. There are also some other companies that are on the rise. Below, we'll dive into the top construction equipment suppliers and manufacturers in the world, their history, and what equipment they offer.
1. Caterpillar
Caterpillar, also known as CAT, is the world's largest construction equipment supplier and manufacturer. With over 500 locations across the globe, the Caterpillar brand is on almost every continent. With a history dating back to 1925, the CAT brand continues to grow with revenues reaching 59 billion in 2022.
Types of Equipment: Caterpillar manufactures a wide range of construction equipment including articulated dump trucks, backhoe loaders, dozers, excavators, wheel loaders, skid steer loaders, compact track loaders, telehandlers, soil compactors, and more.
Revenue (2022): $59.4 Billion (USD)
Number of Employees (2022): 109,100
Headquarters: Irving, Texas
2. John Deere
John Deere, also known as Deere & Company or just Deere, manufactures equipment for the agriculture and construction industries. The John Deere brand has been around since the 1800s and is now one of the largest construction equipment manufacturers.
Types of Equipment: John Deere manufactures several types of heavy equipment including excavators, skid steers, wheel loaders, backhoe loaders, bulldozers, motor graders, and articulated dump trucks.
Revenue (2022): $52.58 Billion (USD)
Number of Employees (2022): 82,200
Headquarters: Moline, Illinois
3. Komatsu
Founded in 1921, Komatsu is the world's largest Japanese construction equipment manufacturer. With 60 manufacturing sites worldwide, they serve almost every country, with their largest markets being outside of Japan.
Types of Equipment: Primarily focusing on large-scale projects, Komatsu manufactures equipment like excavators, bulldozers, wheel loaders, motor graders, and dump trucks.
Revenue (2022): $24.91 Billion (USD)
Number of Employees (2022): 59,632
Headquarters: Tokyo, Japan
4. Liebherr
Founded in Germany, Liebherr manufactures equipment for construction, mines, material handling, and more. Liebherr was founded in 1949 and had a global revenue of 13.9 billion dollars in 2022.
Types of Equipment: Liebherr has equipment for various projects and industries including earthmoving, deep foundation, concrete, and general construction.
Revenue (2022): $13.9 Billion (USD)
Number of Employees (2022): 51,321
Headquarters: Bulle, canton of Fribourg, Switzerland
5. XCMG
Headquartered in China, the Xuzhou Construction Machinery Group, or XCMG, is the world's fifth biggest construction equipment manufacturer.
Types of Equipment: XCMG manufactures a wide range of construction equipment including wheel loaders, excavators, rollers, soil compactors, motor graders, and more.
Revenue (2022): $13.57 Billion (USD)
Number of Employees (2022): 14,500
Headquarters: China
6. Develon
When Hyundai Heavy Industries bought Doosan Infracore in August 2021, a rebranding from Doosan was always in the plans.
Types of Equipment: Develon manufactures and designs a wide variety of construction equipment of all sizes.
Revenue (2022): $13.12 Billion (USD)
Number of Employees (2022): 41,400
Headquarters: Seoul, South Korea
7. SANY
SANY is one of the newest and youngest companies on this list. Having only started in 1989, they've risen quickly to being one of the largest construction equipment suppliers in the world.
Types of Equipment: SANY manufactures several types of equipment including backhoes, telehandlers, rollers, cranes, and wheel loaders.
Revenue (2022): $11.96 Billion (USD)
Number of Employees (2022): 90,000
Headquarters: Changsha, Hunan, China
8. Volvo Construction Equipment
Founded more than 190 years ago, Volvo Construction Equipment has an extremely rich heritage. Now, Volvo CE is a reliable, trusted brand for hundreds of thousands of contractors around the world.
Types of Equipment: Volvo has a very diverse product line ranging from earthmoving equipment to roadbuilding and material handling.
Revenue (2022): $11.00 Billion (USD)
Number of Employees (2022): 14,000
Headquarters: Gothenburg, Sweden
9. Sandvik
Founded in 1862 in Sweden, Sandvik is a construction equipment manufacturer that specializes in machines for drilling, mining, rock excavation, and more.
Types of Equipment: Sandvik produces and manufactures several types of specialized equipment including drill rigs, rock drills, crushers, screens, underground loaders and trucks.
Revenue (2022): $10.81 Billion (USD)
Number of Employees (2022): 40,000
Headquarters: Stockholm, Sweden
10. Hitachi Construction Machinery
A subsidiary of Hitachi Group, Hitachi Construction Machinery is a construction equipment manufacturer known for its orange-colored equipment.
Types of Equipment: Hitachi has a diverse range of products including excavators ranging from mini to mining, wheel loaders, rigid dump trucks, and road rollers.
Revenue (2022): $9.08 Billion (USD)
Number of Employees (2022): 25,000
Headquarters: Tokyo, Japan
11. Zoomlion
Founded in 1992 in China, Zoomlion started manufacturing concrete pumps.
Types of Equipment: Zoomlion manufactures and sells several types of equipment around the world including cranes, excavators, boom lifts, scissor lifts, road rollers, bulldozers, loaders, and more.
Revenue (2022): $5.8 Billion USD
Number of Employees (2022): 25,283
Headquarters: Changsha, China
12. JCB
Starting in 1945, JCB began manufacturing agricultural equipment for farmers.
Types of Equipment: Within its product portfolio, JCB manufactures backhoe loaders, excavators, telehandlers, compact track loaders, wheel loaders, skid steer loaders, and more.
Revenue (2022): $5.27 Billion (USD)
Number of Employees (2022): 11,000
Headquarters: Rocester, United Kingdom
13. CASE Construction Equipment
CASE CE is a subsidiary of CNH, the parent company for New Holland, CASE IH, and more.
Types of Equipment: CASE manufacturers several common pieces of construction equipment including bulldozers, excavators, skid steers, road rollers, wheel loaders, and forklifts.
Revenue (2022): $3.6 Billion (USD)
Number of Employees (2022): 1,000
Headquarters: Turin, Italy
14. Hyundai Construction Equipment
Hyundai Construction Equipment hasn't been around as long as many people may think.
Types of Equipment: The equipment that Hyundai manufactures includes excavators, wheel loaders, road rollers, soil compactors, articulated dump trucks, and more.
Revenue (2022): $3.6 Billion (USD)
Number of Employees (2022): 1,615
Headquarters: South Korea
15. Kobelco Construction Machinery
Founded in 1987, Kobelco Construction Machinery is a younger company and a subsidiary of Kobe Steel.
Types of Equipment: Kobelco solely manufactures excavators for a wide range of industries and specialties including car demolition, scrapyards, long reach, and more.
Revenue (2022): $753.83 Million (USD)
Number of Employees (2022): 8,200
Headquarters: Kobe, Japan
Recognizing a Reliable Heavy Equipment Supplier
Every company above is a reliable construction equipment manufacturer, however, what contractors care about depends on a multitude of factors. A few ways to get an understanding of each supplier are using customer reviews, renting equipment, hearing reviews from other contractors, or speaking with sales representatives.
Why Choose DOZR for Your Construction Equipment Needs
Going the rental route is the best way to learn about each supplier and manufacturer. There is no better way to understand machinery and equipment than working with it yourself. With DOZR, you can rent from the best construction equipment rental companies that rent equipment from all the top manufacturers.