Top Earthmoving Equipment Manufacturers in World and Market Insight

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Top Earthmoving Equipment Manufacturers in World and Market Insight

The effect of COVID-19 on the construction industry is gradually diminishing. However, it would take about a year to reach the pre-COVID landscape. Once the situation returns to normal, the earthmoving segment will be benefited from projects such as smart cities, housing for all, and infrastructure upgradation.

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1 . Top Earthmoving Equipment Manufacturers in World

Caterpillar
Volvo Construction Equipment
Komatsu
CNH
Hitachi Construction Machinery
Liebherr
John Deere

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2 . Earthmoving Equipment Market Scenario

The global Earthmoving Equipment market size is expected to gain market growth in the forecast period of 2020 to 2025, with a CAGR of 1.9% in the forecast period of 2020 to 2025 and will expected to reach USD 66380 million by 2025, from USD 61670 million in 2019.

Global Earthmoving Equipment Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025

Get insights on historical data and future market sizing. Regional/country-level market data along with the competitive scenario of earthmoving equipment industry.

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3 . Performance of Leading Players in the Earthmoving Industry

1. Caterpillar Inc.

Caterpillar (Cat®) construction equipment are known for delivering reliable performance in trying conditions. The next-generation Cat 323D3 and 320D3 excavators, Cat 120 motor grader, 424B2 & 426F2 backhoe loaders are few of their latest machines.

In April 2020, Caterpillar Inc. had announced first-quarter 2020 sales and revenues of $10.6 billion, which reported a 21% decrease in revenue compared with $13.5 billion in the first quarter of 2019. The decline was due to lower sales volume driven by lower end-user demand and the impact of changes in dealer inventories. Dealers increased machine and engine inventories about $100 million during the first quarter of 2020, compared with about $1.3 billion during the first quarter of 2019.

Caterpillar’s financial results for the remainder of 2020 will be impacted by continued global economic uncertainty due to the COVID-19 pandemic. As such, Caterpillar withdrew its earnings guidance on March 26 and is not providing a financial outlook for 2020 at this time.

2. Volvo CE

VOLVO's net sales decreased by 39% to SEK 73.2 billion. After having been standing still in April, production was gradually restarted in May and is currently running smoothly.

The second quarter of 2020 was characterized by the COVID-19 pandemic and its negative effects on society and economic development. Apart from Asia Construction Equipment segment has declined in terms of the order value for all other major markets.

3. Komatsu Ltd.

Komatsu construction equipment endure some of the toughest working conditions due to unique casting designs and world-class manufacturing processes. With numerous working modes, Komatsu construction equipment produce fast cycle times and excellent operating capabilities.

For the fiscal year under review (April 1, 2019 – March 31, 2020), the first year of the mid-term consolidated net sales totaled JPY 2,444.8 billion, down 10.3% from the previous fiscal year.

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4. CNH

Net sales of USD 5.0 billion in the first quarter of 2020, down 17% compared to the first quarter of 2019 (down 14% on a constant currency basis), due to adverse COVID-19 impact on market conditions across all regions, coupled with previously announced actions to reduce dealer inventory levels.

2020 full year guidance withdrawn on March 30, 2020. No new guidance issued.

5. Hitachi Ltd.

Hitachi construction equipment strike a balance between long-lasting bodies that can be operated in confined spaces or harsh conditions, which required level of workability, and are demonstrating their capabilities work sites.

For Fiscal 2019 the Hitachi’s consolidated revenues decreased 8% year over year, to 8767.2 billion yen. In addition to the decrease in the revenue due to the COVID-19 impact in all the segments the decreasing male in it at his metal segment where sales were affected by a decrease in automobile and semiconductor and factory automation.

6. Liebherr Group

The Liebherr Group reported record sales in 2019, with revenues of € 11,750 million. This represents an increase of € 1,199 million, or 11.4 %, compared with the previous year.

Growth was evenly distributed among the Construction Machines and Mining divisions, along with the other product areas. The Group’s sales in construction and mining machinery reached € 7,640 million, an € 807 million (11.8 %) increase compared to the year before. This included the Earthmoving, Mobile Cranes, Tower Cranes, Concrete Technology and Mining. For the other product areas, including the Maritime Cranes, Aerospace and Transportation Systems, Machine Tools and Automation Systems, Household Appliances as well as the Components and Hotels divisions, combined sales reached € 4,110 million, a € 392 million (10.5 %) increase over the year before.

7. John Deere

John Deere offers connected support services through the JDLink™ telematics connection, the connected support leverages a suite of dealer and factory tools designed to deliver increased productivity and uptime, and lower daily operating costs.

Deere & Company reported net income of $665.8 million for the second quarter ended May 3, 2020. For the first six months of the year, net income attributable to Deere & Company was $1.182 billion.

Company's worldwide net sales and revenues decreased 18 percent, to $9.253 billion, for the second quarter of 2020 and decreased 13 percent, to $16.884 billion, for six months. Net sales of the equipment operations were $8.224 billion for the quarter and $14.754 billion for six months, compared with $10.273 billion and $17.214 billion last year.

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