Top 10 Construction Equipment Manufacturers in the World in 2021 by Revenue

Caterpillar Inc, Deere & Co, Kubota Corp, Komatsu Ltd, and CNH Industrial NV are the top 5 construction equipment manufacturers in the world in 2021 by revenue. Cumulatively, the top 10 construction equipment manufacturers in the world generated revenue of $220,450 million, with average revenue growth of 11.3%, where the highest revenue was generated by Caterpillar Inc ($50,971 million), followed by Deere & Co ($43,932 million), while the lowest increases were registered by Zoomlion Heavy Industry Science and Technology Co Ltd ($10,408 million). The highest revenue growth was registered by CNH Industrial NV (32.5%), followed by Deere & Co (23.61%), while Komatsu Ltd reported a decline in its revenues by 10.4%. In terms of the geographical split, 6 out of the world's top 10 construction equipment manufacturers are based in Asia, while 2 are based in Europe, and the remaining 2 are based in North America. They employed a total of 512,457 people in 2021. The United States of America-based Caterpillar Inc is the major construction equipment manufacturer in the world (by revenue). The company reported revenues of $50,971 million for the fiscal year ended December 2021 (FY2021), an increase of 22.1% over FY2020, due to lower provision for credit losses at Cat Financial. The company is a manufacturer of construction, transportation, and energy equipment. It designs, manufactures, markets, and sells construction and mining equipment. The company also offers retail and wholesale financing solutions for Caterpillar products to customers and dealers. As of December 2021, Caterpillar distributed its products through 44 distributors in the US and 116 in other regions across 193 countries. The company employs 107,700 people. Deere & Co is one of the leading companies in construction equipment manufacturers in the world (by revenue). The company reported revenues of $43,932 million for the fiscal year ended December 2021 (FY2021), an increase of 23.6% over FY2020, due to an increase in shipment volumes and price realization. The company is a provider of advanced products and services, which manufactures and distributes agricultural, construction, forestry equipment, and related service parts. It sells its products in 100 countries across the globe. The company owns and operates 21 manufacturing facilities globally and leases two facilities in the US and Canada and employs 75,550 people.