Top 10 Machinery Companies in the World in 2021 by Revenue

General Electric Co, Caterpillar Inc, Deere & Co, 3M Co, and Honeywell International Inc are the top 5 machinery companies in the world in 2021 by revenue. Cumulatively, the top 10 machinery companies in the world generated revenue of $366,109 million, with average revenue growth of 12.4%, the highest revenue was generated by General Electric Co ($74,196 million), followed by Caterpillar Inc ($50,971 million), while the lowest increases were registered by Daikin Industries Ltd ($22,198 million). The highest revenue growth was registered by Sumec Corporation Ltd (71.1%), followed by Deere & Co (23.6%), while Mitsubishi Heavy Industries Ltd reported a decline in its revenues by 8.5%. In terms of the geographical split, 5 out of the world's top 10 machinery companies are based in North America, while 4 are based in Asia, and the remaining one is based in Europe. They employed a total of 1,117,616 people in 2021. The United States of America-based General Electric Co is the leading machinery company in the world (by revenue). The company reported revenues of $74,196 million for the fiscal year ended December 2021 (FY2021). The company is an industrial conglomerate. It provides a range of industrial, infrastructure, and financial products and services. The company offers a wide range of products and services, ranging from aircraft engines and systems, healthcare systems and pharmaceutical diagnostics, power generation, and oil and gas production equipment to medical imaging, financing, and industrial products, and employs 168,000 people. Caterpillar Inc is one of the leading machinery companies 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. The company is a manufacturer of construction, transportation and energy equipment. It designs, manufactures, markets and sells construction and mining equipment, industrial gas turbines, forestry equipment, diesel-electric locomotives, and diesel and natural gas engines. As of December 2021, Caterpillar distributed its products through 44 distributors in the US and 116 in other regions across 193 countries and employs 107,700 people.