[Ranking] TOP 25 Building Equipment Contractors / Construction Companies Q3/2023
Intro
The building equipment contractors industry plays a critical role in the worldwide economy, providing essential services and equipment to support the construction sector.
With its profound influence, this industry has ripple effects across diverse sectors, including infrastructure development, real estate, and commercial construction.
In terms of economic magnitude, the building equipment contractors industry has been on an upward trajectory, driven by increasing construction activities and urbanization worldwide.
Recent trends in the industry include the adoption of advanced technologies such as Building Information Modeling (BIM) and the growing focus on sustainable construction practices.
The landscape of the building equipment contractors industry is ever-changing, shaped by evolving regulations, emerging markets, and new construction techniques. This dynamic environment sets the context for exploring the top companies in this sub-industry.
Ranking
#25 Wacker Neuson Group
Employees: 14K
Revenue: 1.9B$
Website: https://www.wackerneusongroup.com/
Description: Wacker Neuson Group is a leading provider of construction equipment and services in the Building Equipment Contractors industry. With its headquarters in Munich, Germany, the company has a strong presence in Europe. Founded in 1848, Wacker Neuson Group has a workforce of approximately 14,000 employees. The company offers a wide range of equipment and solutions for construction, including compact machines, excavators, dumpers, and telehandlers. Wacker Neuson Group is known for its high-quality products and innovative technologies that enhance productivity and efficiency on construction sites. The company generates annual revenue of around 1.9 billion dollars, establishing its position as a key player in the industry.
#24 Hyundai Construction Equipment Co., Ltd.
Employees: 6K
Revenue: 2.5B$
Website: https://www.hyundai-ce.com/
Description: Hyundai Construction Equipment Co., Ltd. is a leading company in the Building Equipment Contractors industry. Headquartered in Seoul, South Korea, Hyundai Construction Equipment has been operating since 1985. With a workforce of approximately 6,000 employees, the company specializes in manufacturing and distributing a wide range of construction equipment and machinery for various construction projects. They offer products such as excavators, wheel loaders, forklifts, and skid steer loaders, among others. Hyundai Construction Equipment is known for its high-quality and innovative solutions that cater to the diverse needs of the construction industry. With an annual revenue of 2.5 billion dollars, the company continues to expand its presence and provide reliable construction equipment to customers worldwide.
#23 Kobelco Construction Machinery Co., Ltd.
Employees: 5K
Revenue: 2.5B$
Website: https://www.kobelco.com
Description: Kobelco Construction Machinery Co., Ltd. is a leading company in the Building Equipment Contractors industry. With its headquarters in Tokyo, Japan, Kobelco has been operating since 1930. The company has a workforce of approximately 5,000 employees worldwide. Kobelco generates an impressive revenue of 2.5 billion dollars. They specialize in the design, manufacture, and sale of construction machinery and equipment such as excavators, wheel loaders, and cranes. Kobelco is known for its commitment to innovation and high-quality products, catering to the needs of the construction industry. Their website, https://www.kobelco.com, provides more information about their products and services.
#22 Manitowoc Company, Inc.
Employees: 4.8K
Revenue: 3.2B$
Website: https://www.manitowoc.com
Description: The Manitowoc Company, Inc. is a leading provider of cranes and lifting solutions in the Building Equipment Contractors industry. Headquartered in Manitowoc, United States, the company has a rich history dating back to its founding in 1902. With a workforce of approximately 4.8K employees, Manitowoc operates globally, serving customers in various construction sectors. The company's portfolio includes a wide range of cranes, including mobile cranes, tower cranes, and crawler cranes, designed to meet the diverse needs of its customers. Manitowoc is known for its commitment to innovation, safety, and reliability, offering cutting-edge technology and solutions to enhance productivity and efficiency on construction sites. With annual revenue of 3.2B$, Manitowoc continues to be a trusted partner for contractors and construction professionals worldwide.
#21 Hitachi Construction Machinery Co., Ltd.
Employees: 14K
Revenue: 3.2B$
Website: https://www.hitachicm.com/
Description: Hitachi Construction Machinery Co., Ltd. is a leading company in the Building Equipment Contractors industry, operating primarily in Japan. With its headquarters in Tokyo, the company was founded in 1970. Hitachi Construction Machinery employs approximately 14,000 individuals worldwide. The company generates a revenue of around 3.2 billion dollars. Hitachi Construction Machinery specializes in manufacturing and distributing construction machinery and equipment, including hydraulic excavators, wheel loaders, and dump trucks. The company's dedication to quality and innovation has made it a trusted name in the construction industry, and its products are used in various construction projects globally.
#20 Man Group Plc
Employees: 1.2K
Revenue: 3.5B$
Website: https://www.man.com
Description: Man Group Plc, headquartered in London, United Kingdom, is a prominent player in the Building Equipment Contractors industry. Established in 1783, the company has a workforce of approximately 1,200 employees. With a revenue of 3.5 billion US dollars, Man Group Plc specializes in providing top-quality building equipment and solutions to the construction sector. Their expertise in the industry has enabled them to deliver innovative and efficient equipment that meets the requirements of various construction projects. Man Group Plc continues to be a leading provider of building equipment, contributing significantly to the growth and development of the construction industry.
#19 Terex Corporation
Employees: 10K
Revenue: 4B$
Website: https://www.terex.com
Description: Terex Corporation is a global manufacturer of lifting and material processing products for the construction industry. Headquartered in Westport, United States, the company was founded in 1933. With a workforce of approximately 10,000 employees, Terex operates in the building equipment contractors industry. The company offers a wide range of equipment including cranes, aerial work platforms, and crushing and screening equipment. Terex serves customers in various sectors such as construction, infrastructure, and mining, providing them with innovative solutions to meet their needs. With annual revenues of 4 billion dollars, Terex is a key player in the construction industry, delivering reliable and efficient equipment to enhance productivity and safety on job sites.
#18 JCB Ltd.
Employees: 15K
Revenue: 4.6B$
Website: https://www.jcb.com
Description: JCB Ltd., headquartered in Rocester, United Kingdom, is a leading player in the Building Equipment Contractors industry. The company was founded in 1945 and currently employs approximately 15,000 individuals. With a revenue of 4.6 billion US dollars, JCB Ltd. has established itself as a major player in the market. The company specializes in the design, manufacture, and distribution of construction equipment, including excavators, compactors, loaders, and telehandlers. JCB Ltd.'s high-quality and innovative products have gained significant recognition within the industry, making them a trusted choice for construction projects worldwide. To learn more about JCB Ltd. and explore their range of products, visit their website at https://www.jcb.com.
#17 United Rentals, Inc.
Employees: 18.9K
Revenue: 9.4B$
Website: https://www.unitedrentals.com
Description: United Rentals, Inc. is a leading equipment rental company in the Building Equipment Contractors industry. Headquartered in Stamford, United States, the company was founded in 1997. With a workforce of approximately 18.9 thousand employees, United Rentals offers a wide range of rental equipment and services to customers in the construction industry. The company generates an annual revenue of 9.4 billion dollars, making it a major player in the industry. United Rentals is committed to providing reliable and cost-effective solutions to its customers, helping them optimize their productivity and efficiency on construction projects.
#16 Doosan Infracore Co., Ltd.
Employees: 25K
Revenue: 9.8B$
Website: https://www.doosaninfracore.com
Description: Doosan Infracore Co., Ltd. is a leading company in the Building Equipment Contractors industry. Headquartered in Seoul, South Korea, Doosan Infracore specializes in providing construction equipment and machinery solutions for various building projects. With a history dating back to 1977, the company has grown to become a key player in the industry. Doosan Infracore employs around 25,000 employees globally, who contribute to its success and expertise in the field. The company generates a revenue of approximately 9.8 billion US dollars, showcasing its significant presence and financial performance in the market.
#15 XCMG Group
Employees: 20K
Revenue: 10B$
Website: https://www.xcmg.com/
Description: XCMG Group is a prominent player in the Building Equipment Contractors industry. Headquartered in Xuzhou, China, the company has been operating since its establishment in 1989. With a workforce of approximately 20,000 employees, XCMG Group has achieved substantial growth and success in the industry. The company's revenue stands at an impressive 10 billion dollars. XCMG Group specializes in the manufacturing and sale of construction machinery and equipment, making significant contributions to the development of the construction sector. With its commitment to innovation, quality, and customer satisfaction, XCMG Group has gained recognition as a leading player in the Building Equipment Contractors industry.
#14 Zoomlion Heavy Industry Science And Technology Co., Ltd.
Employees: 30K
Revenue: 10B$
Website: https://www.zoomlion.com
Description: Zoomlion Heavy Industry Science And Technology Co., Ltd. is a leading player in the Building Equipment Contractors industry. Headquartered in Changsha, China, they have been in operation since 1992. With a workforce of approximately 30,000 employees, Zoomlion specializes in manufacturing and distributing heavy construction machinery and equipment for various construction projects. They offer a wide range of products including concrete machinery, cranes, excavators, and more. Zoomlion has established itself as a prominent global supplier, serving customers in over 100 countries. With an annual revenue of around 10 billion dollars, Zoomlion continues to innovate and provide efficient solutions to the construction industry worldwide.
#13 Sany Group Co., Ltd.
Employees: 50K
Revenue: 10B$
Website: https://www.sanyglobal.com/
Description: Sany Group Co., Ltd. is a prominent player in the Building Equipment Contractors industry. Headquartered in Changsha, China, the company has been operating since 1989. With a workforce of 50,000 employees, Sany Group specializes in providing high-quality construction equipment and machinery for building projects. The company offers a wide range of products, including excavators, cranes, concrete machinery, road machinery, and mining machinery. Sany Group has achieved significant success in the industry, generating an annual revenue of 10 billion dollars. With its commitment to innovation and customer satisfaction, Sany Group continues to be a leading force in the construction sector.
#12 Volvo Construction Equipment
Employees: 20K
Revenue: 10B$
Website: https://www.volvoce.com/global/en/
Description: Volvo Construction Equipment is a leading player in the Building Equipment Contractors industry. With its headquarters located in Eskilstuna, Sweden, the company operates primarily in Europe. Founded in 1832, Volvo Construction Equipment has a workforce of approximately 20,000 employees. The company generates an estimated annual revenue of around 10 billion dollars, making it a major player in the industry. Volvo Construction Equipment offers a wide range of construction machinery and equipment, including excavators, wheel loaders, articulated haulers, and compactors. The company's commitment to innovation and sustainability has positioned it as a trusted and reliable partner for construction projects worldwide.
#11 Liebherr Group
Employees: 46K
Revenue: 11B$
Website: https://www.liebherr.com/
Description: Liebherr Group is a prominent player in the Building Equipment Contractors industry, specializing in construction machinery and equipment. With its headquarters located in Bulle, Switzerland, Liebherr has been a key player in the industry since its establishment in 1949. The company boasts a workforce of approximately 46,000 employees, who contribute to its annual revenue of around 11 billion US dollars. Liebherr offers a wide range of products and services including cranes, earthmoving equipment, mining trucks, concrete technology, and maritime cranes. With a strong focus on innovation and quality, Liebherr has established itself as a global leader in the construction machinery sector, providing reliable and efficient solutions to customers worldwide.
#10 Skanska AB
Employees: 36K
Revenue: 17.5B$
Website: https://www.skanska.com/
Description: Skanska AB is a leading building equipment contractor based in Stockholm, Sweden. With a history dating back to 1887, Skanska has established itself as a prominent player in the construction industry. The company operates across Europe and North America, providing a wide range of construction services including building equipment contracting. Skanska is known for its expertise in managing complex construction projects, delivering high-quality results, and promoting sustainable practices. With a workforce of approximately 36,000 employees, Skanska generates an impressive annual revenue of 17.5 billion dollars. Through its commitment to innovation and excellence, Skanska continues to be a trusted partner for clients in the building equipment contracting sector.
#9 HeidelbergCement AG
Employees: 57K
Revenue: 18.9B$
Website: https://www.heidelbergcement.com
Description: HeidelbergCement AG, headquartered in Heidelberg, Germany, is a leading global player in the Building Equipment Contractors industry. Founded in 1873, the company has grown to employ approximately 57,000 employees worldwide. With a revenue of 18.9 billion USD, HeidelbergCement is a major player in the construction sector. The company specializes in the production and distribution of cement, aggregates, and ready-mixed concrete. They operate in various markets across the globe, providing essential materials for construction projects of all scales. HeidelbergCement's commitment to sustainability and innovation has solidified its position as a key player in the Building Equipment Contractors industry.
#8 Komatsu Ltd.
Employees: 60K
Revenue: 27B$
Website: https://www.komatsu.com/
Description: Komatsu Ltd. is a Japanese company headquartered in Tokyo, Japan. Founded in 1921, the company operates in the Building Equipment Contractors industry. With a workforce of approximately 60,000 employees, Komatsu is actively involved in providing construction equipment and machinery to contractors in the construction industry. The company's range of products includes excavators, bulldozers, wheel loaders, dump trucks, and other construction equipment. Komatsu has established a strong presence in the market and has achieved significant revenue growth, with annual revenue reaching approximately 27 billion US dollars. With its commitment to innovation and quality, Komatsu continues to be a prominent player in the construction equipment sector.
#7 CRH Plc
Employees: 79K
Revenue: 27.6B$
Website: https://www.crh.com
Description: CRH Plc is a leading player in the Building Equipment Contractors industry. Headquartered in Dublin, Ireland, the company operates primarily in Europe. With a history dating back to 1970, CRH Plc has grown to become a major force in the construction industry. The company employs approximately 79,000 individuals, making it one of the largest employers in the sector. CRH Plc generates an impressive annual revenue of 27.6 billion dollars, solidifying its position as a key player in the market. With its extensive experience and strong financial performance, CRH Plc continues to thrive in the Building Equipment Contractors industry.
#6 LafargeHolcim Ltd
Employees: 80K
Revenue: 27.8B$
Website: https://www.lafargeholcim.com
Description: LafargeHolcim Ltd is a leading building materials and solutions company based in Zurich, Switzerland. With a history dating back to 1833, the company operates in the Building Equipment Contractors industry. LafargeHolcim employs approximately 80,000 people worldwide and generates an annual revenue of 27.8 billion USD. The company specializes in the production and distribution of cement, aggregates, and ready-mix concrete, offering innovative and sustainable solutions for the construction industry. LafargeHolcim is committed to promoting sustainable construction practices, reducing carbon emissions, and creating value for its customers, shareholders, and employees.
#5 CNH Industrial N.V.
Employees: 64K
Revenue: 28B$
Website: https://www.cnhindustrial.com
Description: CNH Industrial N.V. is a leading company in the Building Equipment Contractors industry, operating in the Construction sector. With its headquarters in Amsterdam, Netherlands, CNH Industrial N.V. has been serving the industry since its founding in 2013. The company employs approximately 64,000 professionals worldwide, contributing to its annual revenue of 28 billion US dollars. CNH Industrial N.V. specializes in providing innovative solutions and equipment for building contractors, offering a wide range of construction machinery, including excavators, loaders, bulldozers, and more. With its commitment to quality, reliability, and sustainability, CNH Industrial N.V. has established itself as a trusted partner in the Building Equipment Contractors industry.
#4 Bouygues SA
Employees: 130K
Revenue: 37.5B$
Website: https://www.bouygues.com
Description: Bouygues SA is a leading construction company operating in the Building Equipment Contractors industry. Headquartered in Paris, France, Bouygues has been in operation since 1952. With a workforce of approximately 130,000 employees, the company is involved in various construction projects, specializing in building equipment contracting. Bouygues is known for its expertise in providing equipment and systems for construction projects, including electrical, plumbing, heating, ventilation, and air conditioning. The company's revenue in the most recent fiscal year amounted to approximately 37.5 billion U.S. dollars, making it one of the major players in the industry.
#3 Deere & Company
Employees: 74K
Revenue: 39B$
Website: https://www.deere.com/
Description: Deere & Company is a leading manufacturer of agricultural, construction, and forestry machinery. Headquartered in Moline, Illinois, United States, the company has a rich history dating back to its founding in 1837. With a workforce of approximately 74,000 employees worldwide, Deere & Company operates in the Building Equipment Contractors industry within the Construction sector. The company's equipment is widely used by building contractors for various construction projects, including infrastructure development, residential and commercial building construction, and road and highway construction. Deere & Company's revenue in 2020 reached 39 billion U.S. dollars, solidifying its position as a key player in the industry.
#2 Vinci SA
Employees: 222K
Revenue: 48.1B$
Website: https://www.vinci.com
Description: Vinci SA, headquartered in Paris, France, is a prominent player in the Building Equipment Contractors industry. With a history dating back to 1899, the company has established itself as a leading provider of construction and engineering services. Vinci operates in various segments, including construction, energy, and concessions. The company's extensive range of services encompasses design, building, and maintenance of infrastructure and buildings. With a workforce of approximately 222,000 employees, Vinci has a strong global presence and is recognized for its expertise and innovation in the construction sector. In 2020, the company generated a revenue of 48.1 billion dollars, further solidifying its position as a key player in the industry.
#1 Caterpillar Inc.
Employees: 95K
Revenue: 53.8B$
Website: https://www.caterpillar.com
Description: Caterpillar Inc. is a leading company in the Building Equipment Contractors industry. Headquartered in Peoria, United States, Caterpillar operates globally in the construction sector. The company was founded in 1925 and has since grown to employ approximately 95,000 employees worldwide. With a revenue of 53.8 billion dollars, Caterpillar is a major player in the industry. Caterpillar specializes in the manufacturing and sales of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and related parts and services. They provide equipment and solutions to contractors and builders, enabling them to efficiently carry out construction projects. Caterpillar's commitment to innovation and reliable products has solidified its position as a leading provider of building equipment in the industry.
Summary
The building equipment contractors sub-industry within the construction sector is highly competitive, with several companies leading the way in terms of revenue and market share.
One unexpected finding is the significant growth in this sub-industry, driven by increased construction activity and the demand for advanced building equipment.
Among the premier companies in this sub-industry are Caterpillar Inc., Komatsu Ltd., and Hitachi Construction Machinery Co., Ltd.
These leading firms share a common focus on innovation and technological advancements, constantly introducing new and improved equipment to meet the evolving needs of the construction industry.
What sets these eminent companies apart from their rivals is their strong global presence, extensive product portfolios, and commitment to providing exceptional customer service.