When you are looking to invest in new construction equipment, it is important to consider the brands that you have available to choose from. Choosing the right brand can make a major difference when it comes to the power, performance, and longevity of your construction equipment, which is why careful consideration of brand options is required when it is time to add equipment to your fleet.
The following are some of the largest construction equipment companies that are currently leading the industry:
Volvo Construction Equipment (Volvo CE), which is the Swedish car manufacturer’s heavy equipment manufacturing branch, is among the world’s most popular construction equipment companies.
Volvo CE manufactures equipment for trucks, mining, and construction industries, including backhoes, wheel loaders, excavators, pavers, asphalt compactors, dump trucks, and more. All Volvo equipment is known for its power, quality, and durability. Volvo CE sold a total of $9.9 billion worth of equipment in 2022.
The U.S.-based company Caterpillar Inc. has been deemed the world’s largest construction equipment supplier, selling $37.5 billion worth of equipment in 2022 and holding a 16.3% market share.
In addition to manufacturing and selling construction equipment, Caterpillar Inc. also produces mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. Caterpillar Inc.’s heavy equipment line is made up of over 300 machines, which include excavators, wheel loaders, compactors, and backhoe loaders.
Japan-based company Komatsu Limited produces construction and mining equipment, compact machines, industrial machinery, and forest machines. Komatsu Limited has an even larger market share than Caterpillar Inc. in China. However, it is the second largest construction equipment manufacturer in the world, selling $24.7 billion worth of equipment in 2022.
Komatsu is particularly popular for its line of excavators, which includes both mini excavators and incredibly powerful large mining excavators.
Xuzhou Construction Machinery Group (XCMG) is a Chinese company that primarily focuses on civil engineering machinery, and is the largest construction equipment supplier in China.
Some of the main types of equipment that XCMG produces include spreaders, loaders, road rollers, fire-extinguishing vehicles, and cranes, as well as fuel tanks for other civil engineering machinery. In 2022, XCMG sold a total of $13.4 billion worth of heavy equipment.
With its headquarters in Moline, Illinois, under the brand John Deere, the American firm Deere & Company manufactures a variety of agricultural, forestry, and construction equipment.
Founded 186 years ago, Deere & Company is one of America’s oldest construction equipment manufacturers and has established a very strong reputation both in North America and globally. In 2022, Deere & Company sold a total of $12.5 billion worth of equipment.
Based in Changsha, Sany Heavy Industry Co., Ltd. is yet another major China-based construction equipment company. Sany is particularly well known for its concrete machinery and is, in fact, ranked number one in the world when it comes to such equipment.
Sany is also a huge supplier of excavators and wheel loaders, and its products have a worldwide reputation for their value and durability. In 2022, Sany sold $11.9 billion worth of heavy machinery.
One of Europe’s most popular construction equipment suppliers is Liebherr Group, a German-based company. Liebherr Group produces excavators, cranes, wheel loaders, dozers, and telescoping handlers, and its LTM 11200 is quite possibly one of the most powerful mobile cranes ever made. The Liebherr Group sold $9.9 billion worth of heavy equipment in 2022.
Hitachi Construction Machinery Company (HCM) is a Japanese construction equipment supplier that was founded in 1970 as a subsidiary of the Hitachi Group. HCM specializes in the production of a diverse range of construction equipment and transport machinery, which it also sells and services.
Hitachi produces crawler cranes, excavators, wheel loaders, light compaction equipment, dump trucks, and more. In 2022, HCM sold $9.2 billion worth of heavy equipment.
If you are ready to ramp up your company’s fleet of heavy machinery and you want to fill it with equipment from the world’s top brands, Nors Equipment has a massive selection to choose from. We can be particularly helpful if you are seeking Volvo equipment, as that is our specialty.
However, we also carry a wide number of other major brands, and are stocked with equipment of all types that is suited for heavy or civil construction, recycling, waste management, mining, and forestry. We offer both new and used equipment inventories, both of which are filled with top-quality machinery.
Whether you need a new wheel loader, excavator, hauler, or compactor, our team of experienced equipment experts can guide you in your product decisions, depending on your unique needs.
We also offer equipment financing options so that you can work well within your budget as you are building your fleet. When you buy Volvo equipment, we also provide comprehensive servicing and maintenance options so that we can help you keep your equipment in top shape to maintain its durability long-term.
For more information about our large stock of Volvo equipment or to learn more about the top-quality construction equipment brands we have in stock, call Nors Equipment at 1-833-730-0613 or contact us here.
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