A few days ago, the list of the top 50 global construction machinery manufacturers in 2020 was released in Beijing. As of 2020, the "Top 50 list of global construction machinery manufacturers" produced by "China Construction Machinery" magazine has been released for 19 consecutive years.
The data shows that in 2020, the top 50 global construction machinery manufacturers have total sales of 197.2951 billion US dollars, an increase of 3.27% year-on-year. They have maintained growth for several consecutive years, but the growth rate has slowed significantly. In terms of profit, the total operating profit of the top 50 global construction machinery manufacturers in 2020 was US$22.203 billion, a slight decline year-on-year.
Faced with increasing competition in the global and Chinese markets, the brand influence and industrial status of Chinese construction machinery manufacturers continue to increase.
Among the top 50 global construction machinery manufacturers in 2020, 11 Chinese companies were included in the list. Among them, XCMG Group ranked fourth in the world, and Sany Heavy Industry and Zoomlion entered the top 10 in the world at the same time. In addition, the Chinese construction machinery manufacturers included in the list include: Liugong, Tiejian Heavy Industry, Longgong, Shanhe Intelligent, Shantui, Lovol Construction Machinery Group, Xiamen Engineering Machinery, and Northern Shares.
In addition to 11 Chinese companies, the manufacturers included in this list include 7 American companies, 13 Japanese companies, 3 Swedish companies, 4 German companies, 2 Korean companies, 1 British company, and 3 French companies. Companies, 2 Finnish companies, 1 Italian company, 1 Austrian company, 1 Canadian company and 1 South African company. Among them, American company Caterpillar and Japanese company Komatsu still rank first and second in the world.
Starting from the end of 2019, the global construction machinery market has entered a downward phase from the highest point of this cycle, and the demand in mature markets in Europe, America and Japan fluctuates; meanwhile, the Chinese construction machinery industry continues to maintain rapid development. With the continuous upgrading and transformation of the industry, the continuous expansion of the high-end market, the strengthening of innovation capabilities, the deep popularization and application of intelligent, digital, and information technology, Chinese construction machinery manufacturers have maintained a strong growth momentum and the quality of operations has been further improved.
In 2020, among the top 50 global construction machinery manufacturers, 11 Chinese companies have total sales of 36.229 billion US dollars, accounting for 18.37% of the top 50 total, an increase of 3.22 percentage points year-on-year. In terms of sales, China is second only to the United States and Japan; and due to market fluctuations and fierce competition, the top 50 list in 2020, the proportion of sales in the United States and Japan both declined year-on-year.
As the world's largest construction machinery market, China is a key link for Chinese and foreign companies to establish their global status and improve their global layout.
Among the top 50 global construction machinery manufacturers, more than 30 foreign companies have entered the Chinese market, established manufacturing and R&D systems in China, and developed products that meet the needs of users in the Chinese market and other emerging regions.
