Top 10 Largest Machinery Manufacturers In The World 2020

Volvo CE, like most European companies, saw sales badly impacted by the pandemic and, as expcted, enjoyed a strong increase in sales on this year’s list. In September 2022, German company Deutsche ReGas has announced the start of LNG terminal construction of ‘Deutsche Ostsee’, in Lubmin which is the northeast of country. In addition, the industrial port will undergo several upgrades to receive larger ships which would require large scale construction machinery for the developments. Komatsu Limited is a Japanese firm that produces construction and mining equipment, as well as utility equipment , industrial machinery, and forest machines.

  • This statistic shows the sales values for the largest European manufacturers of construction machinery in 2020 With over 8.8 billion U.S. dollars in sales, the Swedish Volvo Construction Equipment was ranked first in Europe.
  • Apart from the above top players, domestic and local businesses contribute towards the 60% of the market.
  • Late last year the company unveiled the Concept-X control solution during a demonstration in South Korea – the solution is said to enable all dangerous construction work to be automated.
  • In the following 3 chapters, you will quickly find the 20 most important statistics relating to “Construction equipment industry in Europe”.

Available to download is a free sample file of the Europe Construction Equipment Market report PDF. In 2020 Terex achieved US$ 4,353M in construction equipment sales and a 2.1% market share.

What Is The Study Period Of This Market?

Its core businesses include air conditioning, chemicals, air filtration, defense systems, and electronic equipment. Today, Daikin has over 90 production bases around the world and selling products to over 150 countries including Japan, China, Australia, India, Philippines, Southeast Asia, Europe, North America, and South America. You can rely on our network of local dealers to provide you with a first-class service – for sales, delivery and maintenance of your Hitachi construction equipment. With expert training at our facilities in Amsterdam, and continuous access to our sales and service teams, your local dealer offers the support your business demands. Our new Remanufacturing Centre opened its doors in Oosterhout, giving our customers access to an increased supply of components from Europe as well as Japan.

Europe Construction Equipment Market Recent Developments

This year, the company retains its position at number three due to strong sales for both John Deere and Wirtgen brands, including Benninghoven, Kleemann, Vogele and Hamm. Heavy-duty vehicles specially designed for construction tasks, most commonly earthwork operations, are called construction equipment. There’s a big step up in revenues as we hit the top three, with Bouygues – the first of two French giants – reporting just short of €38 billion in 2019. The company’s involvement in the huge Grand Paris Express project helped – and continues to help – its revenue figures. Plagued by decreased sales of excavators in China in the first quarter, Doosan Infracore fared well during the second quarter of the year, selling 3,239 units in April and 2,166 units in May. The Chinese excavator market began to show signs of recovery in terms of the operating rate in March, maintaining the trend into April.