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Komatsu continues to hold second place on KHL’s annual Yellow Table survey of equipment manufacturers.
Komatsu continues to hold second place on KHL’s annual Yellow Table survey of equipment manufacturers.

Revenue shock for Chinese equipment manufacturers

According to KHL Group’s annual Yellow Table survey of the world’s top construction equipment companies, the top two manufacturers have remained the same but Chinese companies have declined.

Sales of construction equipment by the world’s 50 largest manufacturers grew by just 2.6 per cent last year to US$186 billion. This was a record for the industry but the low growth rate was indicative of weak conditions in 2012. 

Two thirds of all sales in the construction equipment market account for the top 10 placeholders of KHL’s Yellow Table.

Caterpillar and Komatsu have been the number one and two on this table since its inception 10 years ago and nothing has changed. Caterpillar stands at almost twice the volume of Komatsu and then Komatsu holds a similar margin to third placed Hitachi.

Further down the top 10, Sany remained China's largest equipment manufacturer, in fifth position, while Zoomlion overtook Liebherr to claim sixth. Terex remained at eighth spot followed by John Deere which swapped places with Doosan, now 10th this year. 

Outside the top 10 there were some significant moves. At number 12, Metso Mining and Construction was the industry's largest specialist manufacturer, with increased sales from its portfolio of crushing and screening equipment taking the company up three places, compared with the previous year. 

China’s revenue share drops

According to the report, the weak growth figure of just 2.6 per cent was attributable to falls in revenues for China's equipment manufacturers. Their share of total revenues fell from 16.9 per cent in 2012's survey to 15 per cent. This was the first time in the 10-year history of the Yellow Table that China's share of the top 50's revenues has fallen. 

As a result, six out of the nine Chinese manufacturers listed in the Yellow Table slipped down the rankings, and one company listed in the 2012 edition dropped out of the top 50.
KHL Group’s top 10 construction equipment manufacturers for 2013.
KHL Group’s top 10 construction equipment manufacturers for 2013.

The report's author, Chris Sleight, said weak market conditions in China last year were clearly a decisive factor for the global industry in 2012. He blamed the wheat industry in China for the slow market.

“Despite the string of acquisitions we've seen from some of China's key manufacturers, overall revenues still fell, although the largest groups – Sany, Zoomlion and XCMG – managed to maintain their standings,” he said. “Fortunately, the strength among North American manufacturers was enough to offset this and deliver some growth.”

The revenue split for the three major areas was Europe (21.1 per cent), North America (35.1 per cent) and Asia (43.2 per cent).

Sources: KHL Group, Agg-Net

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Thursday, 17 October, 2019 4:43am
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