According to the data of 2023, the ranking of global construction machinery manufacturers is as follows:
Caterpillar: American company, ranked first with sales of 37.583 billion US dollars and a market share of 16.3%.
Komatsu: Japanese company, ranked second with sales of 25.089 billion US dollars and a market share of 10.9%.
XCMG Group: Chinese company, with sales of 13.579 billion US dollars, ranked third, and is the only Chinese construction machinery manufacturer to rank among the top three in the world for three consecutive years.
John Deere: American company, with sales of 12.534 billion US dollars, ranked fourth.
Sany Heavy Industry: Chinese company, with sales of 11.582 billion US dollars, ranked fifth.
Other top ten companies include Hitachi Construction Machinery (Japan), Volvo Construction Equipment (Sweden), Liebherr (Germany), Zoomlion (China) and Doosan Bobcat (South Korea).
Overall, the sales of the top 50 global construction machinery manufacturers in 2023 were US$223.806 billion, an increase of 1.10% over the previous year. The companies on the list come from 13 countries, of which China has the largest number of companies on the list with 13 companies on the list. Japan has 11 companies on the list, the United States has 6, and Germany has 4.