Volvo into top three, as Terex, Sany and Zoomlion surge up top 10 manufacturer list
International Construction has released its Yellow Table 2012 list of the world’s biggest machinery manufacturers with Volvo, Terex, Sany and Zoomlion climbing up the top ten. Volvo overtook Hitachi as the world’s third biggest selling manufacturer in 2011 according to International Construction (iC) magazine’s annual report. According to iC, the difference between the two companies […]
Volvo is now the number three company in the construction world
International Construction has released its Yellow Table 2012 list of the world’s biggest machinery manufacturers with Volvo, Terex, Sany and Zoomlion climbing up the top ten.
Volvo overtook Hitachi as the world’s third biggest selling manufacturer in 2011 according to International Construction (iC) magazine’s annual report. According to iC, the difference between the two companies was just 0.5%.
Meanwhile Terex surged into eighth place having not made the top ten last year. Putzmeister’s new owner Sany continued its own rise in the rankings replacing Doosan as the world’s sixth biggest machinery maker. Fellow Chinese giant and recent buyer of a majority stake in Schwing-Setter, XCMG, fell out of the top ten, but Zoomlion has risen from 9th to 7th on the list.
According to iC, US-headquartered companies accounted for 31.2% of total revenues of the top 50 companies (up from 29.5% in 2011). Japan remains the second biggest seller with a slight fall from 23.5% to 23.2% last year.
China continued to improve its position, taking a 16.9% share (up from 15% last year) and is now estimated to be worth $30.6 billion. It is the sixth consecutive year that Chinese manufacturing as has seen increases. When the first list was published in 2003, China had a share of just 1.3% and recorded $841 million in sales. A year later, in 2004, Sany was ranked 43rd.
iC’s 2012 Yellow Table Top 10
(Rankings are based on revenues from construction equipment sales in U.S. dollars in 2011.)
1 – Caterpillar
2 – Komatsu
3 – Volvo Construction Equipment
4 – Hitachi Construction Machinery
5 – Liebherr
6 – Sany
7 – Zoomlion
8 – Terex
9 – Doosan Infracore
10 – John Deere
