With total sales revenue of some 61.7 billion U.S. dollars, U.S.-based Caterpillar Inc. was ranked the second heavy equipment manufacturer worldwide in 2022, behind Japan's Hitachi. Deere & Company ranked third with a sales revenue of 55.63 billion U.S. dollars.
The leading heavy equipment manufacturers worldwide as of May 2023, based on sales
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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 5.9 billion U.S. dollars, market value of 6.3 billion U.S. dollars, profits of 423 million U.S. dollars, and assets of 13.8 billion U.S. dollars.
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Forbes. (June 8, 2023). The leading heavy equipment manufacturers worldwide as of May 2023, based on sales (in billion U.S. dollars) [Graph]. In Statista. Retrieved July 27, 2024, from https://www.statista.com/statistics/257347/leading-machinery-manufacturers-worldwide/
Forbes. "The leading heavy equipment manufacturers worldwide as of May 2023, based on sales (in billion U.S. dollars)." Chart. June 8, 2023. Statista. Accessed July 27, 2024. https://www.statista.com/statistics/257347/leading-machinery-manufacturers-worldwide/
Forbes. (2023). The leading heavy equipment manufacturers worldwide as of May 2023, based on sales (in billion U.S. dollars). Statista. Statista Inc.. Accessed: July 27, 2024. https://www.statista.com/statistics/257347/leading-machinery-manufacturers-worldwide/
Forbes. "The Leading Heavy Equipment Manufacturers Worldwide as of May 2023, Based on Sales (in Billion U.S. Dollars)." Statista, Statista Inc., 8 Jun 2023, https://www.statista.com/statistics/257347/leading-machinery-manufacturers-worldwide/
Forbes, The leading heavy equipment manufacturers worldwide as of May 2023, based on sales (in billion U.S. dollars) Statista, https://www.statista.com/statistics/257347/leading-machinery-manufacturers-worldwide/ (last visited July 27, 2024)
The leading heavy equipment manufacturers worldwide as of May 2023, based on sales (in billion U.S. dollars) [Graph], Forbes, June 8, 2023. [Online]. Available: https://www.statista.com/statistics/257347/leading-machinery-manufacturers-worldwide/