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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 good after sales services. The company aims at ensuring that customers are happy by generating new ideas and providing fast delivery and being flexible with support teams located in the US. Typhon is also a brand that is reliable amongst professionals who require robust machinery in extreme workplaces since their machines are designed to be efficient and durable in their work.
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
Typhon also has special machines like crawler excavators, bulldozers, and other compact track loaders that can handle heavy-duty work. This means that they can handle both small and large projects. Advanced engineering, a variety of attachments, and great customer service after the sale support each product line.
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, which has been in business since 1925 and is based in Deerfield, IL, has more than 500 locations around the world and is the leader in the construction industry in North America and 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.
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.
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, moving-around Backhoe loaders.
- Excavators (wheeled and tracked) 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.
- 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.
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 a lot of 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.
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.
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.
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 a lot of 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.
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.
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 a lot of 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.
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.
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 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 ground work.
- Very small excavators which are effective on small jobs as well as landscaping.
- Quick and efficient material loading and transport of wheels 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.
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.
