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Top 10 Construction Machinery Manufacturers in the World 2019 1.

Some of the major heavy construction machinery types include: Crane, Telescopic Handlers, Excavator, Loader & Backhoe, Motor Grader, Bulldozer, Trencher, Loader, Dump Trucks and others. The increasing spending on such capital-intensive projects and infrastructure development will fuel the demand for construction machinery during the next five years. Several countries are also investing significantly in the development of sports infrastructure and facilities. Similarly, the Government of India has made significant investments in several infrastructure development projects, including industrial corridors, Dedicated Freight Corridor (DFC), Bharatmala Pariyojana, the Sagarmala Programme, and UDAN schemes. For instance, China has invested heavily in the development and construction of Beijing International Airport. In recent years, investments in infrastructure projects are increasing rapidly across the world. The rising trend of urbanization in developing nations, such as India, China, and South Africa will fuel the demand for earthmoving machinery during the next five years. The increasing investments in the infrastructure industry to improve facilities in the government and private sectors will boost the growth of the construction machinery market in the earthmoving machinery segment. Global Construction Machinery Market OverviewĪccording the latest market research report from Technavio, the global construction machinery market size is forecast to grow by $47.65 billion from 2019 to 2023, and the market’s growth momentum will accelerate with an estimated CAGR of over 65 throughout the forecast period.

Led by the world’s largest construction machinery companies like Caterpillar of the United States and Hitachi and Komatsu of Japan, these top 10 largest construction machinery manufacturers in the world are expected to continue their dominance in the global construction machinery market over the near future, mainly attributed to the strong growth in sales generated from the rapid development of construction and infrastructure sectors around the world.

These reputable heavy-duty machinery and construction equipment suppliers are offering different construction machineries that are used for various purposes during construction projects. The global construction machinery market has long been ruled by several world’s largest construction machinery manufacturers over the decades.