TOP SUPPLIERS IN CONSTRUCTION

There is a projected substantial increase in the global construction sector, with an expected growth of around $234.6 billion by 2030. As the market grows, the need for construction equipment and equipment rental also increases. Caterpillar leads the way, generating around $37.5 billion from equipment sales in 2022. As construction projects become more complex and larger, it is essential to find reliable equipment suppliers. To ensure your projects are safe and efficient, we have compiled a list of the top suppliers of construction equipment for 2024.

 BIGrentz

Founded in 2012, BigRentz is an online platform that specializes in the rental of construction equipment, providing professionals with easy access to machinery like forklifts, bulldozers, and cranes. With more than 4,500 rental partners and 12,000 partner locations across the country, it has become the top choice for construction workers, equipment operators, and contractors looking to rent construction equipment.

Various types of equipment

BigRentz offers boom lifts, forklifts, scissor lifts, cranes, dumpsters, mini excavators, skid steers, backhoes, and generators for both large commercial and small residential construction projects.

 caterpillar

Caterpillar leads in the manufacturing of heavy equipment, generating equipment sales worth $17.1 billion in 2023. The combined revenue from sales and additional sources equaled $67.1 billion. Caterpillar is the market share leader. In the year 2017, it accounted for 16.4% of the market share and produced $54.7 billion in revenues. Established in 1925 and based in Deerfield, IL, the Fortune 500 corporation runs more than 500 sites worldwide and is acknowledged as the leading company in the construction industry in North America and globally.

Different types of equipment

Caterpillar offers a variety of construction and mining equipment, such as excavators and dozers for smaller residential tasks and industrial turbines and natural gas engines for bigger commercial projects.

XCMG – The abbreviation for Xuzhou Construction Machinery Group.

Xuzhou Construction Machinery Group, also known as XCMG, is a Chinese company that holds the third spot in global construction equipment sales. XCMG’s primary products accounted for 25.47% of the market in 2023, showing an increase of 1.93% compared to 2022. Established in 1943, this company currently dominates the Chinese market with 15 equipment products, with their milling machine and asphalt mixing station leading the way. China introduced its initial tower crane, 10-ton steamroller, and 10-ton truck crane.

Varieties of Machinery

XCMG specializes in mining machinery, excavators, road machinery, loaders, piling machinery, concrete machinery, and hoisting machinery.

Sany

Similar to XCMG, Sany, also headquartered in China, has a worldwide presence and earned $11.04 billion in revenue in 2022. Established in 1989, the company operates in various locations including Germany, India, the US, and Latin America.

Varieties of machinery

Sany’s range of products consists of cranes, pumps, mixers, excavators, dump trucks, wheel loaders, motor graders, telehandlers, forklifts, track loaders, articulated loaders, reach stackers, single drum loaders, backhoe loaders, aerial work platforms, and storage equipment. It also manufactures wind turbines, piling machinery, petroleum drilling equipment, and firefighting and rescue equipment.

Zoomlion

Established in 1992 and headquartered in China, Zoomlion achieved a revenue of $6.58 billion in 2023. Concentrating on solutions for construction, agriculture, and infrastructure development, the company has branches in East Asia, Southeast Asia, and Europe, as well as industrial parks in Belarus, Brazil, Germany, India, and Italy.

Different kinds of tools

Zoomlion manufactures a variety of construction equipment, such as backhoe loaders, mixer trucks, rollers, dumpers, cranes, trucks, forklifts, lifts, and drilling rigs.

Volvo vehicles.

 Many individuals likely link the brand Volvo with automobiles. It may come as a shock to discover that Volvo Construction Equipment currently has a 4.3% market share among top construction equipment makers based on the latest 2022 data. Established in 1832, the Swedish company predates John Deere. Volvo CE operates manufacturing plants in Sweden, Belgium, Brazil, China, India, Korea, the United Kingdom, and the U.S.

 Kinds of Machinery

Volvo CE offers a range of products such as hydraulic and excavation machinery, wheel loaders, articulated haulers, cranes, compactors for road construction, pipelayers, and demolition equipment.

HITACHI

Established in Japan in 1910, Hitachi generated annual revenue of $80.52 billion in 2023 and accounted for 4% of the worldwide market share for construction equipment suppliers in 2022. In 2002, Hitachi established a collaboration with John Deere’s construction and forestry division in the Western Hemisphere, overseeing sales, marketing, and various product support tasks. Deere-Hitachi produces excavators in Kernersville, N.C., and Sao Paulo, Brazil. Hitachi supplies equipment of varying sizes worldwide, including in North America, Asia, Europe, Japan, and Africa.

 Varieties of Machinery

Hitachi construction machinery consists of hydraulic excavators, forestry equipment, mechanical and hydraulic cranes, mining dump trucks, crawler dump trucks, wheel loaders, and haul trucks.

Komatsu

Following Caterpillar, Komatsu is the second largest manufacturer of construction and mining machinery. Founded in 1921 as Komatsu Iron Works, the company, headquartered in Japan, runs 81 production sites worldwide for construction, mining, and utility machinery, including 34 in the Americas. It also engages in operations in Japan, Asia, Europe, Africa, and Oceania. During 2023, Komatsu experienced sales of around $6.2 billion from equipment, with total revenue hitting $26.2 billion, showcasing a 5.14% increase compared to 2022.