Construction Equipment refers to heavy-duty equipment explicitly designed to perform construction tasks. On the construction site, construction equipment is used to perform multiple tasks such as hoisting, excavating, transporting, paving, grading, and drilling. Excavator, loaders, construction tractors, graders, rollers, scrapers, conveyors, dump trucks, compactors, and pavers are included in this type of equipment.
Construction Equipment Market competition is becoming fierce, with an increasing number of manufacturers entering the market; several Chinese manufacturers, in particular, have cost benefits. Due to prospective growth in China, led by India, Japan, Singapore, and other nations, the Asia Pacific region is projected to be the largest market for heavy construction equipment.
Here is a list of top 5 construction equipment company.
Caterpillar Inc. is an American company that designs, creates, engineers, produces, markets, and sells equipment, vehicles, financial products, and insurance to consumers through a global network of dealers. Caterpillar is a leading manufacturer of engines for construction and mining, diesel and natural gas engines, commercial gas turbines, and diesel-electric locomotives. Based in Peoria, Illinois, Caterpillar's headquarters announced in January 2017 that it would move its headquarters to Chicago.
Komatsu Ltd is a multinational Japanese company that produces manufacturing, mining, and military equipment, as well as industrial equipment such as presses, lasers, and thermoelectric generators. Komatsu, after Tata Hitachi Construction Machinery, is the second-largest producer of construction machinery and mining equipment.
Volvo Construction Equipment is a major international company designing, producing, and selling construction equipment and related industries. It is a Volvo Group's auxiliary and business area. The services of Volvo CE consist of a range of wheel loaders, hydraulic excavators, articulated carriers, motor graders, compactors of soil and asphalt, pavers, backhoe loaders, skid steers, and milling machines.
Hitachi Machinery Co. Building. Ltd. is a Japanese construction equipment corporation and a member of the Hitachi Group. The company provides customers around the world with both small and large-scale machinery for a variety of tasks. Hitachi Construction Machinery
guarantees the highest caliber of its products, offering excellent performance and reliability with low operating costs.
Sany is a multinational Chinese manufacturer of heavy machinery with headquarters in Changsha, Province of Hunan. It is the world's fifth-largest manufacturer of heavy equipment.