Heavy Construction Equipment Companies

The heavy construction equipment market is projected to grow from USD 224.49 billion in 2025 to USD 286.51 billion by 2030, at a CAGR of 5.0% during the forecast period. Heavy construction equipment is specialized machinery used for certain construction or demolition tasks that weighs more than 12 metric tons. Earthmoving, lifting containers or products, drilling holes in rock or soil, and concrete and paving applications are the main uses for the temporary, semi-permanent, or permanent equipment.

Heavy Construction Equipment Companies

Major manufacturers in this market are based in Asia Pacific and Europe. Caterpillar (US), Liebherr AG (Germany), Terex Corporation (US), Volvo Group (Sweden), Komatsu (Japan), Hitachi Construction Machinery Co., Ltd. (Japan), SANY Heavy Industry Co., Ltd. (China), HD Hyundai (South Korea), XCMG Group (China), CNH Industrial N.V. (UK), and J C Bamford Excavators Ltd (UK), are among a few leading players operating in the heavy construction equipment market. The development of new technologies to enhance the performance of heavy construction equipment was given a lot of attention. These companies have used a variety of growth strategies to solidify their market positions, including product launches, contracts, partnerships, mergers and acquisitions, and new product development initiatives to increase their market share.

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Caterpillar (US)

Caterpillar is a global manufacturer and distributor of industrial gas turbines, diesel-electric locomotives, natural gas and diesel engines, and mining and construction equipment. The business is divided into three segments: Energy & Transportation, Resource Industries, and Construction Industries. Customers who use machinery for building and infrastructure construction applications are supported by the Construction Industries section. Caterpillar is present in over 500 places across the globe.

The company's heavy construction equipment division is a part of the Resource Industries and Construction Industries sectors. Every region, including the US, China, India, the UK, Brazil, and others, produces construction equipment. The company's extensive global dealer network is overseen by its customer and dealer service division. Hyundai Construction Equipment Co., Ltd. (South Korea), CNH Industrial N.V. (Netherlands), and Hitachi Construction Machinery Co., Ltd. (Japan) are its main rivals.

Komatsu (Japan)

Construction, mining, utility, forestry, and industrial machinery are all produced, developed, marketed, and sold by Komatsu. Construction, Mining and Utility Equipment, Retail Finance, and Industrial Machinery and Others are the company's business segments. Excavators, loaders, bulldozers, electric rope shovels, dump trucks, motor graders, forklifts, and other associated services are offered by its Construction, Mining, and Utility Equipment business. Metal forging and stamping presses, sheet metal machines, machine tools, DI-water heaters, and other items are offered by the Industrial Machinery and Others section.

The Asia Pacific and American regions are where Komatsu mostly operates. In nations including Japan, China, India, the United States, Brazil, Indonesia, Germany, and South Africa, it operates subsidiaries. Construction and mining/utility equipment are the focus of the company's 60 production and 55 sales activities. ACS Actividades de Construcción y Servicios, S.A. (Spain), Bouygues Construction (France), Larsen & Toubro Limited (India), and Taisei Corporation (Japan) are the company's main rivals.

Hitachi Construction Machinery Co., Ltd. (Japan)

Hitachi Construction Machinery Co., Ltd. produces and markets industrial vehicles and construction equipment. The Construction Machinery Business and Solution Business segments are how it runs. The Construction Machinery Business section oversees its heavy construction equipment business, which manufactures wheel loaders, crawler cranes, mini-excavators, hydraulic excavators, and ultra-large excavators.

In Japan and abroad, Hitachi Construction Machinery Co., Ltd. has 23 affiliates and 79 subsidiaries in countries like the US, Canada, China, Singapore, Indonesia, Thailand, Malaysia, India, Australia, New Zealand, the Netherlands, the UK, France, Italy, and South Africa. Two of its main rivals are Komatsu (Japan) and Caterpillar (US).

HEAVY CONSTRUCTION EQUIPMENT MARKET: MARKET RANKING

There are many companies participating in the competitive heavy construction equipment market, as evidenced by the fact that the top 5 firms only hold 45–48% of the market share. sectors. With notable revenue growth and a sizable market share, Caterpillar has positioned itself among the top five competitors in the industry. The company's growth, R&D expenditures, and numerous contracts and partnerships with businesses in diverse end-use sectors are all responsible for this achievement.

Related Reports:

Heavy Construction Equipment Market by Machinery Type (Earthmoving equipment, Material Handling Equipment, Heavy Construction Vehicles), Propulsion Type (Diesel, CNG/LNG/RNG, Electric), Engine Capacity, End-Use Industry, & Region - Global Forecast to 2030