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The construction market around the world is getting bigger. By 2030, it is expected to be worth about $234.6 billion more. As the market grows, the demand for construction tools and equipment rentals also increases.
Caterpillar is in charge, having sold about $37.5 billion worth of equipment in 2022. Finding reliable equipment suppliers is essential as construction projects get bigger and more complicated. We’ve put together a list of the best construction equipment suppliers for 2024 to help make sure your projects are safe and run smoothly.
11 Best Construction Equipment Suppliers
1. Typhon Machinery
Typhon Machinery is one of the most successful companies that manufacture and sell construction equipment. They produce a very diverse product line, such as mini excavators, skid steer loaders, compact rollers, forklifts, and wheel loaders. The primary aim of the company is to supply state-of-the-art, reliable, and highly efficient equipment in construction, landscaping, agriculture, utility, and infrastructure creation.
Typhon Machinery has been associated with quality assurance and excellent after-sales services. The company aims to ensure customer satisfaction by generating new ideas, providing fast delivery, and maintaining flexibility with support teams located in the US. Typhon is also a reliable brand for professionals who need robust machinery in extreme workplaces, as its machines are designed to be efficient and durable.
Types of Equipment
Typhon Machinery makes a wide range of construction equipment for digging, moving materials, and moving dirt in many different industries. The main types of equipment they offer are
- Mini excavators for digging, trenching, landscaping, and tearing down things in tight spaces
- Skid steer loaders built to be quick and easy to use on a wide range of job sites
- Wheel loaders built for moving and loading materials quickly and easily
- Rollers for compacting soil and surfaces
- Forklifts that can move materials in warehouses, factories, and on construction sites
- A wide range of attachments and spare parts for excavators to make them more useful
Advanced engineering, a variety of attachments, and great customer service post- sale support each product line.
Key Technological Features & Focus
Typhon Machinery specializes in providing cost-efficient, high-performing compact solutions that integrate the main industry trends for small-to-medium contractors.
- Load-Sensing Hydraulics: The implementation of very precise hydraulic systems for smoother, more energy-saving operation, which is very accurate and detailed work in tight urban and landscaping environments.
- Electric Power (VIGOR Series): The extension of their successful electric forklift technology to new compact lines with a focus on zero-emission performance for indoor or sensitive urban projects.
- Basic Telematics Ready: The machines come with the necessary hardware built-in for a basic telematics package, allowing tracking from a distance, usage monitoring, and optimization of management for rental fleets.
Statistical Insight: Growth in the Compact Segment (2025)
The compact equipment sector (mini excavators, skid steers) gaining substantial market share over the past few years, the main reasons being urbanization and renovation projects.
2. Caterpillar
Caterpillar is the best at making heavy machinery, selling $17.1 billion worth of it in 2023. Sales and other income added up to $67.1 billion. Caterpillar has the biggest share of the market. It made $54.7 billion in 2017, which was 16.4% of the market. The Fortune 500 company, based in Deerfield, IL, has been in business since 1925 and leads the construction industry in North America and globally, with more than 500 locations around the world.
Types of Equipment
Caterpillar makes a wide range of construction and mining tools, from excavators and dozers for home projects to industrial turbines and natural gas engines for big business projects.
Key Technological Features & Innovations
The company makes use of its vast R&D budget to provide digital and autonomous solutions through which it sets the standards for heavy equipment.
- Cat Command Automation: Automates dozers, loaders, and compactors remotely, decreasing workload, accident risk, and increasing production. Co meters also decrease dust and noise.
- Integrated Grade Control (Cat Grade): Automated machine functions with 2D and 3D systems for precise millimeter-leveling, saving material, time, and labor.
- VisionLink® Telematics: These telematics offers fleet management data, asset health monitoring, and AI-based diagnostics for component failures and maintenance.
- Next-Generation Engines: Improves Tier 4 Final/Stage V emissions, increasing power density and cutting fuel consumption by 15% for selected cars.
Statistical Insight: Financial and Manufacturing Strength (2025)
3. Komatsu
Komatsu is the second biggest maker of construction and mining equipment after Caterpillar. The Japan-based company started out as Komatsu Iron Works in 1921. It now has 81 factories around the world that make construction, mining, and utility equipment, 34 of which are in the Americas. It also works in Africa, Oceania, Asia, Europe, and Japan. Komatsu’s equipment sales were worth about $6.2 billion in 2023. The company’s total revenue was $26.2 billion, which was a 5.14% increase from 2022.
Different kinds of equipment
Komatsu makes mining equipment, military gear, press machines, lasers, and thermoelectric generators. Its construction equipment includes bulldozers, dump trucks, hydraulic lifters, mini excavators, motor graders, and wheel loaders. It helps businesses in fields like energy, forestry, manufacturing, quarrying, surface and underground mining, and moving materials.
Key Technological Features & Innovations
Komatsu is a leader in digital construction, especially through its proprietary Smart Construction® concept, which digitally connects the whole job site.
- Intelligent Machine Control (IMC): Factory-integrated, semi-automatic blade and bucket control on dozers and excavators that allows the machine to guide itself to grade, greatly improving precision and thus might cut the time of grading by up to 60%.
- Komtrax Telematics: An advanced telematics system that gives performance data, location tracking, and fuel consumption reports. Komatsu uses such data for predictive maintenance programs to increase uptime across global fleets.
- Hybrid Excavators: A full range of hybrid models (e.g., HB series) that use a supercapacitor to store energy from swing braking, thus significantly lowering fuel consumption, and emissions without giving up power.
- Remote Operation: The use of advanced teleoperation systems, allowing operators to perform control of heavy-duty, dangerous equipment from a remote, safe place, most likely in mining or demolition.
Statistical Insight: Digital Transformation & Global Footprint
4. JCB
J.C. Bamford Excavators Ltd., also known as JCB, is a well-known British multinational company that makes construction, agricultural, and industrial equipment. JCB is known for its reliable, high-performance machinery and strong customer service. The company has been innovating in engineering for more than 70 years and has a presence in 150 countries around the world. The company makes over 300 models, focusing on making them strong, productive, and adaptable to different project needs.
- JCB possesses the following equipment:
- Digging, loading, and moving-around backhoe loaders.
- Excavators (wheeled and tracked) are used to move heavy loads of dirt.
- Quickly moving loaders on wheels.
- Skid steer loaders are small, versatile machines that are suitable in an urban area.
- Tasks that necessitate reaching a long distance and straight-up lifting are done with telehandlers.
- Soil and surface preparation rollers.
- The list includes super loaders, scissor lifts, forklifts, diesel engines, and generators.
JCB is a trusted partner in construction, mining, infrastructure, and agriculture around the world because each machine is made for a specific job.
Key Technological Features & Innovations
JCB is best known for its Backhoe Loaders and concentrates on the creation of productive, safe, and environmentally-friendly site machines.
- Electrification Pioneers (E-Tech): JCB has extensively committed to its E-Tech range, which offers fully electric mini-excavators, dumpsters, and telehandlers that do not emit any pollutants and have extremely low noise levels, thus being perfect for indoor or urban nighttime work.
- LiveLink Telematics: An advanced system that facilitates machine real-time remote monitoring of status, security alerts (Geo-fencing, Curfew alerts), and comprehensive fleet reporting.
- Teleskid Versatility: The Teleskid model combining the features of a skid steer and a compact track loader is a one-of-a-kind offering, having a telescopic boom that gives the lift and the reach capability which normally can only be done by a telehandler, thus the job site versatility is greatly enhanced.
- CommandPlus Cab: Focus on top operator comfort and productivity with spacious cabs, ergonomic controls, and excellent visibility thus the operator fatigue during long shifts is reduced.
5. Sany
Sany is a Chinese company with a global reach. In 2022, it made $11.04 billion in sales. It was founded in 1989 and now has operations in places like Germany, India, the United States, and Latin America.
Different kinds of equipment
Sany makes many different kinds of equipment, such as cranes, pumps, mixers, excavators, dump trucks, wheel loaders, motor graders, telehandlers, forklifts, track loaders, articulated loaders, reach stackers, single-drum loaders, backhoe loaders, aerial work platforms, and storage equipment. It also makes wind turbines, piling machines, drilling equipment for oil, and tools for putting out fires and saving people.
Key Technological Features & Innovations
Sany is characterized by mass production, a bold global expansion strategy, and quickly incorporating technology, especially in its excavator and concrete machinery lines.
- Advanced Hydraulic Systems: Sany excels in very high-efficiency, positive-flow hydraulic systems for its large excavators and cranes, thus providing smooth, fast, and precise operation of heavy-duty tasks with improved energy efficiency.
- Concrete Pumping Industry Leadership: Global leader in concrete pumping equipment, also including specialized truck-mounted concrete pumps with advanced boom stabilization and market-leading reach capabilities.
- SANY Telematics (e-Link): An extensively integrated system offering remote asset management, instant machine diagnostics, and intelligent fault prediction, thus allowing quick responses to potential issues all over the world.
- Modular Electrification: Focused R&D on electric/hybrid large machinery, such as new electric excavators and zero-emission port equipment (reach stackers) for sustainability-focused clients.
6. XCMG
Xuzhou Construction Machinery Group, or XCMG for short, is a Chinese corporation that ranks third worldwide in construction equipment sales. XCMG’s main products had a 25.47% share of the market in 2023, which was 1.93% higher than in 2022. Founded in 1943, 15 of its equipment products now have the largest market share in China. Their milling machine and asphalt mixing station products are the most popular. The company produced China’s first tower crane, a 10-ton steamroller, and a 10-ton truck crane.
Different kinds of equipment
XCMG makes machines for mining, excavators, road work, loaders, piling, concrete work, and lifting.
Key Technological Features & Innovations
XCMG concentrates on the creation of hefty lifting gear and smart, high-performing road machinery.
- Ultra-Large Cranes: The company is globally known for manufacturing some of the longest and highest-tonnage truck and tower cranes, which are very important heavy industrial and energy projects such as wind farm installation.
- Intelligent Road Machinery: Leading the development of asphalt mixing stations and milling machines that incorporate smart control systems for automated paving and surface quality monitoring.
- XC-MAM Telematics: Their telematics system offers on-the-spot performance and equipment-monitoring data with maintenance scheduling, being implemented in the vast product range from loaders to mining haul trucks.
- Electrification in Loaders: The company is pushing the electric wheel loader market to the full extent, thus providing a great high-torque, zero-emission alternative for material handling in logistics and urban construction activities.
7. Zoomlion
Zoomlion, which started in 1992 and is also based in China, made $6.58 billion in sales in 2023. It has subsidiaries in East Asia, Southeast Asia, and Europe, as well as industrial parks in Belarus, Brazil, Germany, India, and Italy. Its main focus is on finding solutions for construction, agriculture, and infrastructure development.
Types of Equipment
Some of the things that Zoomlion makes are backhoe loaders, mixer trucks, compaction equipment and rollers, site dumpers, mobile and tower cranes, trucks, forklifts, scissor lifts, telescopic boom lifts, and drilling rigs.
Key Technological Features & Innovations
Zoomlion is very dedicated to the production of high-rise building machines and concrete technology, and it employs smart manufacturing to upraise product quality.
- Tower Crane Technology: It is centered on producing the lightest, most giant, intelligent tower cranes with features as smart hoisting systems and remote diagnostic capabilities for safety and efficiency optimizing.
- Industry 4.0 Smart Factory: The company uses an automated production line and robotics in its industrial parks to achieve highest precision and unvarying quality in its concrete pump and crane product lines.
- Concrete Machinery Reach: Is well-known for constructing record-breaking concrete pump trucks with the longest carbon-fiber-boom parts, thus enabling highly complex, tall structures to be poured.
- Z-Connect Telematics: Offers the management from a distance, along with asset tracking and vital machine data, focused on ensuring safety and usage optimization, most especially, for the large crane fleet.
8. John Deere
John Deere has been around for a long time, since 1837, and is based in Illinois. The company’s motto is “Nothing runs like a Deere,” and in 2023, when it generated $17.39 billion in net revenue and global sales, many of its machines were sold. John Deere is the second-largest heavy machinery company in the U.S., after Caterpillar. It is also a Fortune 500 company.
Types of Equipment
John Deere makes many different types of equipment, including agricultural, construction, and forestry machinery, diesel engines, drivetrains, and more. They make everything from mowers to tractors, scrapers to wheel loaders, and harvesting equipment to dump trucks. People know it mostly for its tractors and other farm equipment.
Key Technological Features & Innovations
John Deere excels in smoothly integrating technology in its construction and agricultural divisions, focusing on operator performance and digital connectivity.
- SmartGrade™: Advanced grade control systems integrate with excavators, motor graders, and dozers, automating grading operations and reducing pass time.
- JDLink™ Telematics: Connects for remote diagnostics, fleet location, fuel consumption, and usage statistics. JDLink enables dealer remote servicing, reducing on-site troubleshooting time.
- G-Series Innovations: Updates to driving environment concentrate on ergonomics, visibility, and noise reduction, reducing fatigue and increasing safety.
- E-Drive Technology: Large earthmoving equipment, such as loaders, provide hybrid-electric drive systems for fuel economy and improved performance during repeating duty cycles.
9. Volvo
Many people probably think of cars when they hear the name Volvo. So, you might be surprised to learn that Volvo Construction Equipment has a 4.3% market share among the biggest construction equipment makers as of 2022, the most recent data. The Swedish company started in 1832, which is even older than John Deere. Volvo CE has factories in the UK, the US, Brazil, China, India, Korea, and Sweden.
Types of Equipment
Volvo CE makes a wide range of construction equipment, such as hydraulic and excavation machines, wheel loaders, articulated haulers, cranes, compactors for building roads, pipelayers, and demolition tools.
Key Technological Features & Innovations
Volvo CE leads the globe in eco-friendly solutions, prioritizing electric machines, autonomous technologies, and operator safety.
- Pioneering Electrification (E-Series): Provides wide range of electrically operated compact equipment (e.g., Volvo ECR25) for noise-sensitive and pollution-free environments with zero emissions and low noise.
- Articulated Hauler Innovation: Volvo invented the articulated hauler and continues to innovate with large, electric, self-governing versions for quarrying and mining.
- ActiveCare Direct Telematics: Transforms data into practical maintenance advice by monitoring machine alarms 24/7 with Volvo professionals.
- Assisted Operations: Utilize advanced technology (e.g., Load Assist, Dig Assist) for wheel loaders and excavators, increasing payload and efficiency with on-board weighing and real-time guiding.
9. Hitachi
Hitachi was founded in Japan in 1910. In 2023, the company made $80.52 billion in sales and had 4% of the global market share for construction equipment suppliers in 2022. Hitachi teamed up with John Deere’s construction and forestry division in 2002. This division handles Hitachi’s sales, marketing, and many other product support tasks in the Western Hemisphere. Deere-Hitachi makes excavators in Kernersville, North Carolina, and Sao Paulo, Brazil. Hitachi sells equipment of all sizes all over the world, including in North America, Asia, Europe, Japan, and Africa.
Types of Equipment
Hitachi makes many different types of construction machinery, such as hydraulic excavators, forestry equipment, mechanical and hydraulic cranes, mining dump trucks, crawler dump trucks, wheel loaders, and haul trucks.
Key Technological Features & Innovations
Hitachi Construction Machinery (HCM) is aggressive in improving the hydraulics and focuses large-scale mining operations.
- Superior Hydraulic Systems: Its efficient and responsive hydraulic systems, such as TRIAS II, which improve fuel economy while providing rapid, powerful, and heavy-duty operations.
- ConSite® Telematics: HCM system monitoring equipment via satellite and mobile channels. ConSite uses AI to analyze machine data and give warnings and reports, frequently anticipating).
- Large Mining Equipment: Leads the industry with extra-large excavators and haul trucks for continuous, high-volume operations.
- Payload Monitoring: Integrated payload monitoring systems in mining trucks and wheel loaders improve efficiency, prevent overloading, and extend equipment life.
10. Liebherr
Liebherr is a German-Swiss company with 13 product lines. It was founded in 1949 and is based in Bulle, Switzerland. In 2022, it sold $13.5 million worth of products, breaking its previous record year of 2019 for the first time. Sales of construction and mining machines went up by 6.9% from 2021.
Types of Equipment
Liebherr makes a wide range of cranes, including mobile cranes, tower cranes, and maritime cranes. It also makes equipment for moving dirt, mining, wheel loaders, crawler tractors and loaders, telescopic handlers, and drilling rigs. Concrete technology, aerospace, gear technology, and automation systems are some of the other areas of interest. Liebherr also makes other household appliances, like refrigerators.
Key Technological Features & Innovations
- Liebherr is a technology conglomerate with a long-standing reputation of the high-quality, precision, and technologically advanced heavy industry products made in Germany and supplied worldwide. The company puts a strong focus on the areas of lifting and mining.
- Advanced Crane Technology: Liebherr is the main challenger to the worldwide market for big mobile and tower cranes. The cranes are equipped with load management systems and changeable outrigger base controls for safety and versatility.
- Lattice Boom Crawler Cranes: Liebherr has heavy-duty crawler cranes in lattice boom configurations that have the capability of high lifting capacities. Most wind power plants and large infrastructural projects use these cranes.
- LiDAT Telematics: Liebherr’s system allows for the monitoring of the fleet in real time, data analysis, and remote troubleshooting. It is highly complicated the solution is tailored for mining and crane equipment.
- Battery-Electric Loaders: Offer L 507 E electric wheel loaders for zero-emission material handling in urban and warehouse settings using high-voltage battery systems.
11. Hyundai Construction Equipment
Hyundai Construction Equipment is the leading manufacturer and distributor of technologically advanced machines to construct, mine, develop infrastructure, and transport materials in the world. Hyundai is a branch of Hyundai Heavy Industries that was launched in 1985. It has an extensive network of dealers in over 140 nations, as well as reliable, innovative, and environmentally friendly solutions. The brand is characterized by innovative engineering and never ceases to be concerned with intelligent technologies that enhance safety, productivity, and digital connectivity at all domains.
Hyundai has the following tools:
- Demolition, mining, and heavy-duty earthmoving with crawler excavators.
- City project excavators on wheels and a large variety of groundwork.
- Very small excavators, which are effective on small jobs as well as landscaping.
- Quick and efficient material loading and transport of wheel loaders.
- Backhoe loaders with numerous ways of digging and loading.
- Skid steer loaders, dump trucks, motor graders, compact rollers, and powerful material handlers.
Hyundai Construction Equipment’s range ensures optimized performance, durability, and efficiency for both small-scale and large-scale operations worldwide.
Core Technological Features & Innovations
Hyundai CE consistently is a great value to the customers with equipments that are reliable and affordable and which eventually are technologically upgraded especially operator comfort and telematics.
Hi-MATE Telematics: Remote diagnostics, GPS tracking, and geofencing are all handled by an advanced system. Hi-MATE gives a lot of detailed data about maintenance and usage of a fleet in a format that is very easy for the user.
A-Series Excavators: The efficient use of fuel, emission compliance, and high visibility are the main features of the A-series, which has, among other things, new load-sensing control systems and an upgraded operator environment.
Advanced Cab Design: Besides the highly effective air filtration, multi-adjustable seats, and user-friendly touchscreen displays, operator comfort and safety were the most important aspects that the designers took into consideration.
Specialty Material Handlers: The manufacture of specially-designed material handlers for scrap, recycling, and port uses (with elevated cabs and optimally long booms) is the focus of the company.
Who Are the Largest Heavy Equipment Manufacturers in the World?
Caterpillar, Komatsu, and XCMG were still the biggest and best construction equipment makers in the world in 2023. Together, they sold an estimated $75.5 billion worth of construction equipment.
Companies based in the U.S., like John Deere and Caterpillar, made up 26% of global revenue. Chinese companies, like XCMG and Sany, made up about 18%. Caterpillar was the biggest maker in the U.S. market, with sales of nearly $37.6 billion in 2022. John Deere was a close second, with sales of more than $12.5 billion.
Large multinational companies dominate the heavy equipment market, while smaller companies such as Typhon Machinery are pioneering the development of compact and mini equipment.
Typhon makes mini excavators, compact rollers, forklifts, skid steer loaders, and wheel loaders. They focus on performance and efficiency for small- to medium-sized construction, landscaping, and urban projects.
Their mini excavator models, like the TERROR series, are strong and adaptable. They are designed to be easy to move around, produce fewer emissions, and boost productivity, making them reliable tools for contractors who need power in small spaces. Typhon Machinery is now a major player in the compact equipment market, which is a good thing because the biggest companies are already well-known around the world.
