Let’s overview the following top 4 heavy construction equipment companies in the world:
1- Caterpillar
2- Komatsu
3- Hitachi
4- Volvo
Firmly entrenched within the preferred position, the US Company Caterpillar continues to dominate the industry, taking a large 16.4% of the market share in 2017. With the sales of 26,637 million US dollar, it achieves strongly in both the local market and overseas.
A broad selection of products offered that are suitable for a decent range of applications, Caterpillar's combination of innovation and continuous improvement, also as their formidable reputation, ensure they still be a key player within the heavy equipment manufacturing sector. The advance within the US economy in recent years could even be a component in Caterpillar's continued success.
A Japanese giant in heavy equipment manufacturing, Komatsu retains its number positions for yet, yet one more year. Well-known for everything from autonomous haulage systems (AHS) through to intelligent machine control and a spread of other hi-tech innovations, Komatsu can be a dynamic, forward-thinking manufacturer.
Komatsu may be a global player not only in heavy equipment but also in metal presses, machine tools, recycling, temperature control equipment, tunneling machinery, and related fields. With heavy equipment sales of 19,244 million USD in 2017, Komatsu continues to consolidate its position as a world leader with 11.9% of the market share. The corporate is continually focused on developing equipment that's suitable for the 21st century working.
During 2017, Hitachi's heavy equipment market share was 5.1%, with a sales figure of 8,301 million USD. Hitachi is an enormously diverse organization, with heavy equipment being only one of the numerous markets it serves.
Concentrating on sales in Asia and Africa, where demand is comparatively high, Hitachi machinery is characterized by a bunch of green characteristics that lead to environmentally friendly working. Innovations like battery-powered excavators and hydraulic systems which are ultra-energy-efficient make sure that Hitachi offers an optimal solution for a good audience in sectors like agriculture, engineering, energy, and construction.
Volvo has always enjoyed a wonderful reputation for the engineering quality and safety of their vehicles; their heavy machinery is not any exception. Built to last and integrating new technologies like diesel/electric hybrids, full-suspension articulated loaders, and autonomous vehicles, Volvo construction equipment is seen as a dependable choice by many of us. Particularly popular in Europe and Scandinavia, Volvo's share of the market was 4.8%, with a worth of seven, 810 million USD. With sustainability and innovation at the center of their ethos, Volvo has moved up area within the rankings, from fifth to fourth, swapping places with the German company Liebherr.
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