Construction Equipment Market Share

Construction Equipment Market Share

Komatsu, Ltd., XCMG, and Caterpillar, Inc. held significant market share of over 28% market share in 2023. These leading companies drive demand through strategic efforts tailored to this sector. They continuously innovate and introduce advanced machinery equipped with cutting-edge technology to enhance productivity, safety, and efficiency on construction sites. These companies invest in research and development, focusing on improving equipment performance, durability, and sustainability.
 

Moreover, they offer comprehensive solutions, including aftermarket services, financing options, and training programs, to meet evolving customer needs. By understanding market trends, collaborating with stakeholders, and providing value-added services, leading companies play a pivotal role in shaping and sustaining demand in global market.
 

Construction Equipment Market Companies

Major players operating in the construction equipment industry are:

• Caterpillar, Inc.
• CNH Industrial
• Deere & Co.
• Doosan Group
• Hitachi Construction Machinery
• Komatsu, Ltd.
• Liebherr Group
• Sany Group
• Terex Corporation
• Volvo CE
• XCMG