Caterpillar retained it’s top spot in KHL’s 2016 Yellow Table with an 18.1% of world construction equipment revenues.
Construction manufacturers across the globe have taken a hit this past year, reports European construction publisher KHL releasing its annual Yellow Table.
Revenues for the world’s largest construction equipment manufacturers dropped 16.2 percent to $133 billion. KHL says these are the lowest revenues reported in the table since 2009, when the industry saw sales fall to $109 billion during the Great Recession. It is also the sharpest year-over-year fall in revenues since that time.
“The most striking impact of this market trend was seen among China’s largest construction equipment manufacturers,” says KHL.
All Chinese companies fell in the rankings compared to a year ago, and Shantui experienced the largest drop, falling seven places to No 38. Liugong, another Chinese manufacturer, slipped six places to No 22.
Among the table’s top 10, No 9 XCMG was the only Chinese manufacturer to remain. Sany dropped out of the top 10, and JCB moved up into the elite group, its first presence there since the 2008 Yellow Table. Doosan Infracore also moved up to No 8.
Caterpillar, at 18.1%, and Komatsu, at 10.5%, held on to their respective No 1 and No 2 positions. There was much more movement in the remaining top 10 positions, with Terex displacing Hitachi as No 3 and Liebherr overtaking Volvo to capture No 4. K
HL points out, however, “there’s not much difference in revenue terms between Terex, Hitachi, Liebherr, Volvo and John Deere, which occupy positions No 3 through No 7. It’s fairly common to see them shuffle about like this.”