According to the Yellow Table, the sales performance of global construction machinery companies in 2020, the total sales of 191.5 billion US dollars, a decline of 5.5%, much more moderate than the forecast decline.
According to a report by Off-highway Research, China's construction machinery sales have increased by approximately 14%, while other major markets have declined.
Ranking of global companies
Caterpillar, an industry giant located in North America, occupies the first position in the industry, with sales of 24.8 billion US dollars, which is a downward trend from last year's 32.8 billion US dollars. Komatsu ranked second with 19.9 billion U.S. dollars in sales, down from last year's 23.2 billion U.S. dollars.
XCMG jumped from No. 4 to No. 3, with sales rising from 11.1 billion U.S. dollars to 15.1 billion.
Sany jumped from 5th to 4th place last year, and its sales increased from 10.9 billion US dollars to 14.4 billion US dollars.
Zoomlion's jump in the rankings can be described as very dazzling. The company jumped from No. 10 to No. 5, with sales of approximately 9.4 billion. This kind of advance climb is almost unprecedented.
John Deere dropped from No. 3 to No. 6. Compared with last year, the company Volvo Construction Machinery from No. 7 to No. 10 ranked No. 7, Hitachi Construction Machinery ranked No. 8, and Liebherr ranked No. 9. Doosan Infracore put an end to the top ten.
Hyundai confirmed that its acquisition of Doosan Construction Machinery has a shareholding ratio of 35%, which will have a certain impact on the sales performance of the two companies. In the future, it may be promoted to the highest level in the international construction market.
Rise, fall, newcomer
Companies that jumped up in the rankings:
Zoomlion is the largest jumper in the top 10 ranking, rising from 10th to 5th. This company is also one of the largest jumpers in the entire list.
Metso Outotec jumped 4 places from 16th to 12th, which can partly explain the fact that last year's ranking was only Metso. Since then, Metso and Outotec have completed their merger.
Liugong jumped from 19th to 15th, Lonking climbed 5th to 23rd, small excavator Shanhe Intelligent climbed 4th, and of course Lovol.
Companies that have fallen in the rankings:
Terex dropped 4 places to 17th, Oshkosh High-altitude Operations (the parent company of the high-altitude operations company JLG) fell 5 places, and Bauer dropped 3 places.
New companies:
There is a new company in the list-China's aerial work machinery company Zhejiang Dingli, ranking 46th.
Chinese companies are pouring into the world stage
In 2020, due to the global new crown epidemic and the lockdown of cities in various countries, sales will exceed 7.5 billion U.S. dollars. This is inseparable from the contribution of Chinese construction machinery enterprises! China is the only major construction machinery market that will grow in 2020.
Among the top 50 global construction machinery companies in 2021, there is no doubt that companies that have risen significantly in the ranking are all from China.
The ranking in the Yellow Table is based on the USD-based sales in the 2020 calendar year. Different currencies will be converted into U.S. dollars based on the 2020 average exchange rate, ensuring fairness to the greatest extent. Data collection is widely derived from various channels including: listed company financial reports, company financial statements, and qualified third-party agency information.
In Japan, India, and some other countries, the fiscal year ends on March 31, so it is almost impossible to use the statistical information of the calendar year. In this case, the fiscal year's annual report will serve as the basis. In other cases, "International Construction" needs annual data and industry trends to estimate the performance of the company. If it is necessary to make an estimate, these sales will be marked with two asterisks.
