KHL: Construction equipment sales grew 25 percent worldwide in 2011
Sales of construction equipment by the world’s 50 largest manufacturers grew 25 percent last year to $182 billion, according to the annual Yellow Table survey by KHL Group. This was a record for the industry, surpassing the previous high of $168 billion set in 2008, prior to the global financial crisis.
The Yellow Table, which is a ranking of the world’s 50 largest construction equipment manufacturers, saw relatively few changes at the top of the table, with the industry’s long-standing No. 1 and No. 2, U.S.-based Caterpillar and Japan’s Komatsu, continuing to hold the positions they have had for more than a decade.
Climbers inside the top 10 include Sweden’s Volvo Construction Equipment, U.S.-based Terex and John Deere, and China’s Sany and Zoomlion, according to KHL. These gains came at the expense of Hitachi Construction Machinery (although its revenues were within 0.5 percent of Volvo, the company directly above it) and South Korean Doosan Infracore. China-based XCMG fell out of the top 10, having sat in tenth place for two years.
Across the top 50, US-headquartered companies accounted for 31.2 percent of total revenues, up from 29.5 percent the previous year. It was followed by Japan with a 23.2 percent share, down from 23.5 percent the previous year, and China, which had a 16.9 percent share, up from 15.0 percent in the 2011 edition of the Yellow Table (based on 2010 revenues).
China’s construction equipment manufacturers have seen their share of the top 50’s revenues climb for six consecutive years. Over the last decade, their share has increased more than ten-fold in percentage terms. In 2003, the first year the yellow table was published, China’s manufacturers had a share of just 1.6 percent, worth $841 million. Today, their 16 percent share is worth $30.6 billion.
The report’s author, Chris Sleight, said, “A rebound in the European, North American, and Japanese construction markets was the key driver last year. There was also growth for some of China’s larger players, but they faced the first significant headwinds for more than a decade as the country’s stimulus spending programmes came to an end. During the next 12 months the continued recovery in North America is likely to be decisive for the 2013 Yellow Table.”
From our partners
Developing a solid relationship with Demolition Technologies Specialized Services enables Crushing Tigers…
MORE FROM Aggbeat Online
Manufacturer news: Hlavinka Equipment opens Texas Hlavinda JCB division; Terex Washing Systems appoints new global sales director; Skelly and Loy promotes Aungst to VP of AMS; Luff Industries adds Riddell as territory manager; Caterpillar opens first Data Innovation Lab; Yokohama Tire Corp. will help build eco-friendly playground
SUBSCRIBE & FOLLOW
- Vulcan Materials to meet August deadline for restoring eastern hillside of Azusa rock quarry475 Views
- MSHA issues serious non-fatal accident alert, best practices in response to water truck accident451 Views
- MSHA Fatality Review Committee determines several fatalities are chargeable to the mining industry313 Views
- Excavator explodes into flames after engine malfunction on New York jobsite (VIDEO)279 Views
- Eric Olsen appointed future CEO of Lafarge Holcim merger254 Views