In this article, we will help you to be sure that you are at the top of your equipment game as you explore the best equipment manufacturers to buy from and partner with.
Who are the biggest heavy equipment manufacturers in the world? We'll look at those below, as well as some general information about each, the size of their presence in the US, the equipment each offers, and their revenue from 2023.
Why is choosing the best construction equipment supplier more important than ever? We’ll talk about that too.
The global construction equipment market was $149.7 billion in 2023 and is looking to be somewhere around $194.7 billion by 2030 - that’s a lot of zeros. Much of the growth we’re expecting can be traced back to the scale of modern construction projects and tech integrations that heavy machinery companies are putting building into their newest machines. So, if it wasn't obvious, in order to compete in the current world of construction, quality equipment is non-negotiable.
In addition to discussing the top equipment suppliers, we will briefly mention our role in the market as a secondary market equipment supplier at Purple Wave Auction.
Now, let's jump in. Here are the top construction equipment suppliers in 2024:
Top 10 Construction Equipment Manufacturers in 2024
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Caterpillar
- Headquarters Location: Irving, Texas, USA (relocated in 2022)
- Years in Business: 98 years
- Dealership Branch Locations in the US: 2,453 (Ranked 1st out of 10)
- 2023 Revenue: $67.1 billion (Ranked 1st out of 10)
- Excavator Cost Comparison: $280,000 - $320,000 (Caterpillar 336)
Caterpillar Inc. is an iconic household name in the construction equipment sector, known for its extensive range of durable and reliable heavy machinery. CAT manufactures a wide range of equipment, including excavators, bulldozers, wheel loaders, motor graders, backhoe loaders, skid steer loaders, and articulated trucks. With a legacy of innovation and excellence, Caterpillar provides durable and reliable heavy machinery, integrating advanced technology such as autonomous and remote-control systems to enhance productivity and safety machinery for the construction, mining, and resource industries. They are also known for offering unmatched service and product availability.
Check out used Caterpillar equipment here.
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John Deere
- Headquarters Location: Moline, Illinois, USA
- Years in Business: Over 180 years
- Dealership Branch Locations in the US: 2,299 (Ranked 2nd out of 10)
- 2023 Revenue: $55.6 billion (Ranked 2nd out of 10)
- Excavator Cost Comparison: $250,000 - $310,000 (John Deere 350G LC)
John Deere Construction & Forestry is synonymous with quality and innovation in the construction equipment market, offering a wide array of machines, including loaders, excavators, backhoes, skid steer loaders, dozers, and motor graders. Renowned for their efficient and durable equipment, John Deere stands out with advanced hydraulic systems and robust after-sales support, particularly excelling in excavators and dozers.
Check out used John Deere equipment here.
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Komatsu
- Headquarters Location: Tokyo, Japan
- Years in Business: Over 100 years
- Dealership Branch Locations in the US: 417 (Ranked 3rd out of 10)
- 2023 Revenue: $26.2 billion (Ranked 3rd out of 10)
- Excavator Cost Comparison: $270,000 - $330,000 (Komatsu PC360LC-11)
Komatsu is a global powerhouse in the construction equipment industry, known for its reliable and high-performance machinery. Their extensive product line includes hydraulic excavators, bulldozers, wheel loaders, dump trucks, motor graders, backhoe loaders, and crawler carriers. Komatsu is known especially for their innovative and high-performance machinery, excelling in integrating advanced automation and smart construction technology to improve efficiency and productivity on job sites.
Check out used Komatsu equipment here.
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Liebherr
- Headquarters Location: Bulle, Switzerland
- Years in Business: Over 70 years
- Dealership Branch Locations in the US: 408 (Ranked 4th out of 10)
- 2023 Revenue: $15.2 billion (Ranked 4th out of 10)
- Excavator Cost Comparison: $260,000 - $320,000 (Liebherr R 936)
Liebherr is a family-owned company that has grown into one of the world’s largest manufacturers of construction machinery. Their extensive product range includes tower cranes, mobile cranes, hydraulic excavators, wheel loaders, crawler tractors, dump trucks, concrete mixers, and piling rigs. Liebherr is recognized for its high-quality and reliable machinery, offering a broad range of equipment with a strong emphasis on customer-centric solutions and technological advancements.
Check out used Liebherr equipment here.
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XCMG Construction Machinery
- Headquarters Location: Xuzhou, Jiangsu, China
- Years in Business: 81 years
- Dealership Branch Locations in the US: 58 (Ranked 9th out of 10)
- 2023 Revenue: $11.9 billion (Ranked 5th out of 10)
- Excavator Cost Comparison: $220,000 - $280,000 (XCMG XE370CA)
XCMG is one of the largest construction machinery manufacturers in the world, providing a broad spectrum of heavy equipment, including all-terrain cranes, truck cranes, wheel loaders, excavators, motor graders, road rollers, and piling machinery. XCMG is a global player known for its extensive product line and commitment to innovation.
Check out used XCMG equipment here.
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Sany Heavy Industry
- Headquarters Location: Changsha, China
- Years in Business: Over 30 years
- Dealerships Branch Locations in the US: 11 (Ranked 10th out of 10)
- 2023 Revenue: $11.4 billion (Ranked 6th out of 10)
- Excavator Cost Comparison: $210,000 - $270,000 (Sany SY365C)
Sany Group is a leading manufacturer of construction and mining equipment, known for its robust and innovative machinery. Their product portfolio includes hydraulic excavators, crawler cranes, truck cranes, concrete pump trucks, wheel loaders, motor graders, pavers, and drilling rigs. Sany designs offer performance and durability while also being known for offering innovative machinery, with a strong focus on hydraulic excavators and cranes.
Check out used Sany equipment here.
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Volvo Construction Equipment
- Headquarters Location: Gothenburg, Sweden
- Years in Business: Over 90 years
- Dealership Branch Locations in the US: 283 (Ranked 6th out of 10)
- 2023 Revenue: $11 billion (Ranked 7th out of 10)
- Excavator Cost Comparison: $260,000 - $320,000 (Volvo EC350E)
Volvo Construction Equipment is renowned for its advanced technology and commitment to sustainable construction practices. It offers a comprehensive range of machinery, including excavators, wheel loaders, articulated haulers, compactors, pavers, and demolition equipment, designed to improve efficiency and reduce environmental impact. Volvo's dedication to innovation, especially regarding sustainability, reducing environmental impact, and customer satisfaction, positions it as a leader in the global construction equipment market.
Check out used Volvo equipment here.
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Hitachi Construction Machinery
- Headquarters Location: Tokyo, Japan
- Years in Business: Over 70 years
- Dealership Branch Locations in the US: 192 (Ranked 7th out of 10)
- 2023 Revenue: $9.86 billion (Ranked 8th out of 10)
- Excavator Cost Comparison: $250,000 - $300,000 (Hitachi ZX350LC-6)
Hitachi Construction Machinery is a leading manufacturer of construction and mining equipment, renowned for its high-performance hydraulic excavators and advanced technology. Their product line includes hydraulic excavators, wheel loaders, rigid dump trucks, and crawler cranes, designed to improve productivity and efficiency on job sites worldwide. Hitachi is known especially for their high-performance hydraulic excavators.
Check out used Hitachi equipment here.
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JCB
- Headquarters Location: Rocester, UK
- Years in Business: Over 75 years
- Dealership Branch Locations in the US: 294 (Ranked 5th out of 10)
- 2022 Revenue: $6.9 billion (Ranked 9th out of 10)
- Excavator Cost Comparison: $230,000 - $290,000 (JCB JS370)
JCB (Joseph Cyril Bamford Excavators Ltd.) is a world-renowned manufacturer of construction equipment celebrated for its backhoe loaders and telehandlers. They also produce excavators, skid steer loaders, wheel loaders, compact track loaders, rough terrain forklifts, and compactors. With a strong emphasis on innovation and customer satisfaction, JCB also stands out for its versatile and innovative construction equipment, particularly backhoe loaders and telehandlers, designed for high efficiency and versatility.
Check out used JCB equipment here.
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Zoomlion Heavy Industry
- Headquarters Location: Changsha, Hunan, China
- Years in Business: Over 30 years
- Dealership Branch Locations in the US: 32 (Ranked 10th out of 10)
- 2023 Revenue: $6.63 billion (Ranked 10th out of 10)
- Excavator Cost Comparison: $200,000 - $260,000 (Zoomlion ZE360E)
Zoomlion is a leading Chinese manufacturer of construction machinery and sanitation equipment. With a diverse product portfolio that includes cranes, concrete machinery, earthmoving machinery, road construction machinery, and aerial work platforms, Zoomlion is recognized for its innovation, quality, and comprehensive service. The company’s commitment to cost-effectiveness and its wide range of construction machinery, including cranes and concrete equipment, has established it as a significant player in the global construction equipment market.
Check out used Zoomlion equipment here.
The Importance of Quality Equipment Manufacturers in Construction
Why do reliable suppliers even matter? It's simple - high-quality equipment keeps your projects running.
The suppliers you partner with can make or break your project outcomes.
So, what should we look for when choosing suppliers? Here are some key factors to keep in mind:
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Reputation: Go for established brands with a solid track record. They're more likely to provide reliable, high-quality machinery that won't let you down.
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Service and Parts: Make sure your suppliers offer top-notch service packages and quick access to parts. That way, you don't have to stock up on every little thing yourself.
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Technological Advancements: Choose suppliers that are investing in the latest and greatest technologies like telematics systems and eco-friendly options. These can give your efficiency and sustainability a major boost!
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Cost and Financing: Look for competitive pricing and flexible financing options that balance initial costs with long-term value. Your wallet will thank you later.
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Availability: Ensure your supplier has a strong distribution network and can meet your delivery timelines. No one wants project delays because of missing equipment!
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Sustainability: Partner with suppliers who are committed to reducing their environmental impact through practices like lowering emissions and improving fuel efficiency. It's a win-win for your projects and the planet.
- At the end of the day, choosing an equipment supplier is more than just picking a brand - it's about finding the best partner to meet your goals.
Secondary Equipment Market Supplier
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Purple Wave Auction
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Headquarters Location: Manhattan, Kansas, USA
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Years in Business: 21 years (since 2002)
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We are a leading online auction platform that specializes in selling used construction, farm, and fleet equipment. Known for our transparent and efficient auction process, we connect buyers and sellers, offering a wide variety of equipment from multiple categories and industries. We leverage technology to provide an accessible and cost-effective solution for acquiring heavy machinery. Visit our site to register and begin bidding today.
Ready to start looking through used equipment suppliers? Browse our current and upcoming equipment availability here.
Also, because you're here researching equipment already, we thought you might be interested in:
- The Ultimate Guide to Bulldozer Sizes | Purple Wave
- Types of Forklifts: A Comprehensive Guide for Buyers
- Understanding the Power of Skid Steer Lift Capacity
If you have any questions or need further assistance with your equipment needs, feel free to contact us. We will connect you with a Purple Wave representative in your area. We're here to partner in your success!