Industry News

September 2-3, at the "2019 Global Construction Machinery Industry Conference and Top 50 Summit" hosted by China Construction Machinery Industry Association (CCMA), Equipment Manufacturers Association (AEM), and Korea Construction Equipment Manufacturers Association (KOCEMA) The organizing committee released more than 10 lists including 2019 global construction machinery manufacturers top 50/100 strong, 2019 China construction machinery industry influence 100 people.

The top ten global engineering machinery manufacturers in the top 20 are Caterpillar, Komatsu, Deere, Hitachi Construction Machinery, Volvo Construction Equipment, Xugong Group, Sany Heavy Industry, Liebherr, Doosan Infracore and Terex The top ten companies account for more than 60% of the global market.

According to statistics, the list of enterprises from 13 countries, including 12 in Japan, 12 in China, 7 in the United States, 4 in Germany, 3 in Sweden, 3 in France, 2 in South Korea, 2 in Finland, and in the United Kingdom. One each in Italy, Austria, Canada and South Africa. The 12 listed Chinese companies include Xugong Group, Sany Heavy Industry, Zoomlion, Liugong Group, Lonking, Shantui, SINOMACH, and Shanhe Intelligent, with total sales reaching US$29.873 billion.

In recent years, the development of the global construction machinery industry, especially in China, has continued to accelerate. In the past year, the top 50 global construction machinery manufacturers achieved sales of $19.09 billion. At present, China, as the world's largest construction machinery market, has attracted many world-class construction machinery manufacturers to develop here. In the top 50 list, nearly 40 foreign-funded enterprises have production plants or manufacturing bases in China.

At the same time, Chinese construction machinery enterprises have repeatedly paid attention to creating large-scale equipment with high world record and key records. In more high-end and intelligent engineering machinery products, Chinese brands have also achieved substantial breakthroughs. Especially in the countries along the “Belt and Road”, more and more Chinese construction machinery manufacturers are being recognized by foreign users.