With total sales revenue of some 67 billion U.S. dollars, U.S.-based Caterpillar Inc. was ranked the second heavy equipment manufacturer worldwide in 2024, behind Japan's Hitachi. Deere & Company ranked third with a sales revenue of over 58 billion U.S. dollars.
The leading heavy equipment manufacturers worldwide as of May 2024, based on sales
(in billion U.S. dollars)
Each company making the list has to be public. The source uses the latest-12-months’ financial data available to them. In order to be included, companies need to exceed the following cutoff values: sales revenue of 5.8 billion U.S. dollars, market value of 7.4 billion U.S. dollars, profits of 375 million U.S. dollars, and assets of 13.8 billion U.S. dollars.
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Forbes. (June 20, 2024). The leading heavy equipment manufacturers worldwide as of May 2024, based on sales (in billion U.S. dollars) [Graph]. In Statista. Retrieved December 30, 2024, from https://www.statista.com/statistics/257347/leading-machinery-manufacturers-worldwide/
Forbes. "The leading heavy equipment manufacturers worldwide as of May 2024, based on sales (in billion U.S. dollars)." Chart. June 20, 2024. Statista. Accessed December 30, 2024. https://www.statista.com/statistics/257347/leading-machinery-manufacturers-worldwide/
Forbes. (2024). The leading heavy equipment manufacturers worldwide as of May 2024, based on sales (in billion U.S. dollars). Statista. Statista Inc.. Accessed: December 30, 2024. https://www.statista.com/statistics/257347/leading-machinery-manufacturers-worldwide/
Forbes. "The Leading Heavy Equipment Manufacturers Worldwide as of May 2024, Based on Sales (in Billion U.S. Dollars)." Statista, Statista Inc., 20 Jun 2024, https://www.statista.com/statistics/257347/leading-machinery-manufacturers-worldwide/
Forbes, The leading heavy equipment manufacturers worldwide as of May 2024, based on sales (in billion U.S. dollars) Statista, https://www.statista.com/statistics/257347/leading-machinery-manufacturers-worldwide/ (last visited December 30, 2024)
The leading heavy equipment manufacturers worldwide as of May 2024, based on sales (in billion U.S. dollars) [Graph], Forbes, June 20, 2024. [Online]. Available: https://www.statista.com/statistics/257347/leading-machinery-manufacturers-worldwide/
