World's largest construction machinery manufacturers by sales 2022

Caterpillar was the world's largest construction machinery manufacturers in 2022, based on construction equipment sales: Caterpillar sold equipment to the value of around 37.5 billion U.S. dollars.

The world's largest construction machinery manufacturers

Caterpillar of the United States and Komatsu of Japan were two of the largest construction equipment manufacturers in 2021. In the United States alone, shipments in the construction machinery industry are expected to amount to around 32.4 billion U.S. dollars in 2020.

While it is expected that the United States will increase its infrastructure budget under Biden, demand will largely be driven by rekindled growth in the Asia-Pacific region. India's coal mining sector is set to become a driver of growth, and China's construction equipment sector is predicted to account for two-fifths of all product sales gains between 2016 and 2021. That said, emission regulations, idle vehicles that are available second hand, trade restrictions and emerging market competitor pressures are strong challengers to growth in the construction equipment market.