[Ranking] TOP 25 Machinery / Manufacturing Companies Q3/2023
Intro
The machinery industry plays a vital role in the worldwide economy, serving as the backbone of the manufacturing sector. It encompasses various sub-industries that manufacture and distribute a wide range of equipment and machinery used in different sectors.
With its profound influence, the machinery industry has far-reaching effects across diverse sectors such as agriculture, construction, transportation, and energy. The efficiency and reliability of machinery directly impact the productivity and competitiveness of companies across these sectors.
The economic magnitude of the machinery industry is substantial and continues to grow. As technological advancements drive innovation and automation, the demand for modern machinery and equipment has surged. This has led to an upward trajectory in the industry, with increased investment and a positive outlook for the future.
Recent trends in the machinery industry have been shaped by breakthroughs in areas such as artificial intelligence, robotics, and Internet of Things (IoT). These advancements have revolutionized manufacturing processes, enabling greater efficiency, customization, and predictive maintenance. However, the industry also faces challenges, including supply chain disruptions, changing regulations, and the need to adapt to sustainable practices.
The machinery industry is characterized by its ever-changing landscape, driven by technological advancements and market dynamics. To navigate this landscape, companies must innovate, adapt, and stay ahead of the competition. In this article, we will explore the top companies in the machinery sub-industry, examining their strategies, market presence, and contributions to the industry's growth.
Ranking
#25 Manitou Group
Employees: 5.5K
Revenue: 2.1B$
Website: https://www.manitou-group.com
Description: The Manitou Group, headquartered in Ancenis, France, is a leading player in the Machinery industry. With a history dating back to 1957, the company has established itself as a trusted manufacturer of machinery and equipment. The Manitou Group operates globally, providing innovative solutions for various sectors such as construction, agriculture, and industry. The company's diverse product range includes telehandlers, forklifts, aerial work platforms, and compact loaders. With a workforce of approximately 5,500 employees, the Manitou Group is dedicated to delivering high-quality and reliable machinery to meet the evolving needs of its customers. In 2020, the company generated a revenue of 2.1 billion US dollars.
#24 Cnh Industrial Capital
Employees: 2.5K
Revenue: 2.3B$
Website: https://www.cnhindustrialcapital.com/
Description: CNH Industrial Capital is a leading financial services company operating in the Machinery industry. Based in Burr Ridge, United States, the company provides a wide range of financial products and services to support customers in acquiring and financing their machinery needs. With a history dating back to 1984, CNH Industrial Capital has established itself as a trusted partner for customers in the manufacturing sector. The company offers flexible financing options, including retail financing, leasing, and rental programs, to help businesses in the machinery industry manage their cash flow and acquire the equipment they need to drive their operations. With a dedicated team of approximately 2,500 employees, CNH Industrial Capital is committed to delivering exceptional customer service and tailored financial solutions to support the growth and success of its clients in the manufacturing industry.
#23 Tadano Ltd.
Employees: 11K
Revenue: 2.3B$
Website: https://www.tadano.com/
Description: Tadano Ltd. is a leading manufacturer in the Machinery industry, specializing in the production of cranes and aerial work platforms. Headquartered in Tadano, Japan, the company was founded in 1948. With a workforce of approximately 11,000 employees, Tadano operates on a global scale, providing innovative and reliable machinery solutions. The company's revenue stands at 2.3 billion dollars, reaffirming its position as a key player in the industry. Tadano's cranes and aerial work platforms are renowned for their cutting-edge technology, durability, and safety features, making them highly sought after by customers worldwide. Through continuous research and development, Tadano continues to expand its product portfolio and maintain its reputation for excellence in the Machinery manufacturing sector.
#22 Hyster-Yale Materials Handling, Inc.
Employees: 7K
Revenue: 3B$
Website: https://www.hyster-yale.com/
Description: Hyster-Yale Materials Handling, Inc., headquartered in Cleveland, United States, is a leading player in the machinery industry. Established in 2012, the company operates in the manufacturing sector, specializing in materials handling equipment. With a workforce of approximately 7,000 employees, Hyster-Yale is committed to providing innovative solutions for industries such as automotive, construction, logistics, and more. The company's revenue stands at an impressive 3 billion dollars. Hyster-Yale aims to meet the diverse needs of its customers by offering a wide range of products, including forklifts, container handlers, reach stackers, and other material handling equipment. With its strong presence in the machinery industry, Hyster-Yale continues to pave the way for efficient and reliable solutions in materials handling.
#21 Doosan Infracore Co., Ltd.
Employees: 10K
Revenue: 4B$
Website: https://www.doosaninfracore.com/
Description: Doosan Infracore Co., Ltd. is a South Korean company operating in the Machinery industry. Headquartered in Seoul, the company was founded in 1937. With a workforce of approximately 10,000 employees, Doosan Infracore specializes in manufacturing machinery equipment. The company offers a wide range of products including construction equipment, engines, and machine tools. Doosan Infracore has established itself as a global leader in the machinery industry, with a strong presence in various markets around the world. In 2020, the company reported a revenue of 4 billion dollars. With its commitment to innovation and quality, Doosan Infracore continues to drive advancements in the machinery sector.
#20 Terex Corporation
Employees: 15K
Revenue: 4.2B$
Website: https://www.terex.com
Description: Terex Corporation, headquartered in Westport, United States, is a leading player in the Machinery industry. With a history dating back to 1933, Terex has established itself as a prominent manufacturer of machinery and equipment. The company operates globally, catering to various sectors such as construction, infrastructure, mining, and transportation. Terex offers a diverse range of products including cranes, aerial work platforms, material handlers, and crushing equipment. With a workforce of approximately 15,000 employees, Terex continues to innovate and provide reliable solutions to its customers. In 2020, the company reported revenue of 4.2 billion dollars, solidifying its position as a key player in the manufacturing industry.
#19 JCB
Employees: 15K
Revenue: 5B$
Website: https://www.jcb.com/
Description: JCB is a leading player in the Machinery industry, specifically in Manufacturing. With its headquarters in Rocester, United Kingdom, JCB has been in operation since 1945. The company has a workforce of approximately 15,000 employees. JCB generates an impressive revenue of 5 billion USD. Known for its expertise and innovation, JCB specializes in manufacturing a wide range of machinery and equipment, including excavators, loaders, telehandlers, and compactors. The company's commitment to quality and customer satisfaction has made it a trusted and reliable choice in the industry. JCB's contribution to the Manufacturing sector is significant, as it continues to provide cutting-edge machinery solutions for various applications.
#18 Wärtsilä Corporation
Employees: 19K
Revenue: 5.2B$
Website: https://www.wartsila.com
Description: Wärtsilä Corporation, headquartered in Helsinki, Finland, is a leading company in the Machinery industry. With a history dating back to 1834, Wärtsilä has established itself as a trusted provider of advanced technologies and lifecycle solutions for the marine and energy markets. The company offers a wide range of products and services, including engines, propulsion systems, energy storage, and digital solutions. Wärtsilä's innovative solutions are designed to enhance efficiency, reduce environmental impact, and enable sustainable operations for its global customer base. With approximately 19,000 employees worldwide, the company generates an annual revenue of 5.2 billion dollars.
#17 Hitachi Construction Machinery Co., Ltd.
Employees: 30K
Revenue: 8B$
Website: https://www.hitachicm.com/global/
Description: Hitachi Construction Machinery Co., Ltd. is a leading manufacturer of construction and mining equipment based in Tokyo, Japan. With its headquarters in Asia, the company operates globally, providing a wide range of machinery solutions for the manufacturing industry. Established in 1970, Hitachi Construction Machinery has grown to become a key player in the machinery sector, offering innovative products and services that contribute to the development of infrastructure and construction projects worldwide. With a workforce of approximately 30,000 employees, the company demonstrates its commitment to excellence and customer satisfaction. Hitachi Construction Machinery generates significant revenue, with an estimated annual revenue of 8 billion USD.
#16 Volvo Construction Equipment
Employees: 20K
Revenue: 10B$
Website: https://www.volvoce.com/global/en/
Description: Volvo Construction Equipment, headquartered in Eskilstuna, Sweden, is a prominent player in the Machinery industry. With a history dating back to 1832, the company has established itself as a leading manufacturer of construction equipment. Volvo CE provides a wide range of products, including excavators, wheel loaders, articulated haulers, and more, catering to the needs of the construction sector. With a workforce of approximately 20,000 employees, the company operates globally, delivering innovative solutions and advanced technology to enhance productivity and efficiency in the construction industry. Volvo CE has achieved significant revenue growth, with annual revenues reaching 10 billion dollars. Through its commitment to sustainability and customer satisfaction, Volvo CE continues to be a driving force in the manufacturing industry.
#15 Sandvik AB
Employees: 45K
Revenue: 10B$
Website: https://www.home.sandvik/
Description: Sandvik AB, headquartered in Stockholm, Sweden, is a leading player in the Machinery industry. With a history dating back to 1862, the company has established itself as a global leader in manufacturing and engineering. Sandvik AB operates in the manufacturing sector, specifically focusing on machinery and equipment. With a workforce of approximately 45,000 employees, the company has a strong presence in the industry. Generating an annual revenue of around 10 billion US dollars, Sandvik AB continues to innovate and provide high-quality machinery solutions to its customers worldwide.
#14 Liebherr Group
Employees: 46K
Revenue: 11B$
Website: https://www.liebherr.com
Description: Liebherr Group is a leading manufacturer of machinery, operating in the Manufacturing industry. With its headquarters in Bulle, Switzerland, Liebherr has been providing innovative solutions since its founding in 1949. The company employs approximately 46,000 individuals worldwide, making it a significant player in the industry. Liebherr generates an impressive revenue of around 11 billion dollars annually. Specializing in a wide range of machinery, including construction and mining equipment, mobile cranes, and aerospace components, Liebherr offers high-quality products and services to customers globally. With a strong commitment to technological advancements and sustainability, Liebherr continues to be a key player in the machinery manufacturing industry.
#13 XCMG Group
Employees: 80K
Revenue: 12B$
Website: https://www.xcmg.com/
Description: XCMG Group is a leading company in the Machinery industry, specializing in manufacturing heavy machinery and equipment. Headquartered in Xuzhou, China, XCMG has been a prominent player in the industry since its establishment in 1943. With a workforce of approximately 80,000 employees, the company has achieved significant growth and success. XCMG offers a wide range of machinery products, including construction machinery, mining equipment, cranes, road machinery, and more. The company's commitment to innovation, quality, and customer satisfaction has enabled it to become a global leader in the industry. With annual revenues reaching 12 billion dollars, XCMG continues to establish itself as a major player in the Machinery manufacturing sector.
#12 Atlas Copco AB
Employees: 40K
Revenue: 12B$
Website: https://www.atlascopco.com
Description: Atlas Copco AB is a leading company in the Machinery industry, specializing in manufacturing and providing industrial tools, equipment, and solutions. With its headquarters in Stockholm, Sweden, Atlas Copco operates globally, serving customers in various sectors such as mining, construction, manufacturing, and more. The company was founded in 1873 and has grown to become a trusted provider of innovative and sustainable solutions. Atlas Copco employs approximately 40,000 employees worldwide, who contribute to its success and customer satisfaction. With a revenue of 12 billion dollars, the company continues to expand its product portfolio, improve efficiency, and drive technological advancements in the machinery sector.
#11 Parker-Hannifin Corporation
Employees: 58K
Revenue: 14.3B$
Website: https://www.parker.com/
Description: Parker-Hannifin Corporation, headquartered in Cleveland, United States, is a leading player in the Machinery industry. Since its founding in 1917, the company has grown to employ approximately 58,000 employees globally. With a revenue of 14.3 billion dollars, Parker-Hannifin Corporation has established itself as a major player in the manufacturing sector. The company specializes in motion and control technologies, providing precision-engineered solutions for a wide range of applications. From aerospace and climate control to filtration and hydraulics, Parker-Hannifin Corporation offers innovative products and systems that enhance efficiency and productivity in various industries. With its strong commitment to sustainability, the company continues to drive advancements in machinery, contributing to the growth and development of the manufacturing sector.
#10 Kubota Corporation
Employees: 40K
Revenue: 15B$
Website: https://www.kubota-global.net/
Description: Kubota Corporation, headquartered in Osaka, Japan, is a leading player in the Machinery industry. Founded in 1890, Kubota has established itself as a prominent manufacturer of agricultural and construction machinery, engines, and utility vehicles. With a workforce of approximately 40,000 employees, the company operates globally, providing innovative solutions and technologies to meet the evolving needs of the industry. Kubota's revenue stands at an impressive 15 billion dollars, reflecting its strong market presence and customer trust. Through its commitment to quality, reliability, and sustainability, Kubota continues to drive advancements in the Machinery sector, contributing to global development and economic growth.
#9 ABB Ltd.
Employees: 147K
Revenue: 27B$
Website: https://new.abb.com/
Description: ABB Ltd. is a leading company in the Machinery industry. Headquartered in Zurich, Switzerland, ABB operates in the manufacturing sector, specializing in the development and production of machinery and equipment. With a history dating back to 1988, ABB has established itself as a global powerhouse in the industry. The company employs approximately 147,000 people worldwide, contributing to its extensive operations and expertise. ABB generates impressive revenue of around 27 billion US dollars, demonstrating its significant market presence and financial performance. Through its innovative solutions and cutting-edge technologies, ABB continues to shape the future of the Machinery industry, driving progress and efficiency in manufacturing processes globally.
#8 CNH Industrial N.V.
Employees: 63K
Revenue: 29B$
Website: https://www.cnhindustrial.com/
Description: CNH Industrial N.V. is a leading company in the Machinery industry, specializing in the manufacturing of agricultural and construction equipment. Headquartered in Amsterdam, Netherlands, CNH Industrial operates in Europe and other regions across the globe. With a workforce of approximately 63,000 employees, the company is committed to providing innovative and sustainable solutions to meet the evolving needs of its customers. CNH Industrial generates an impressive revenue of 29 billion USD, driven by its diverse portfolio of brands, including CASE Construction Equipment, New Holland Agriculture, and Iveco. Through its advanced machinery and technology, CNH Industrial plays a vital role in enhancing productivity and efficiency in the manufacturing sector, contributing to the growth and development of the industry.
#7 Sany Group Co., Ltd.
Employees: 90K
Revenue: 30B$
Website: https://www.sanyglobal.com/
Description: Sany Group Co., Ltd., headquartered in Changsha, China, is a leading company in the Machinery industry. Established in 1989, Sany Group specializes in manufacturing a wide range of machinery and equipment. With a workforce of approximately 90,000 employees, the company has achieved significant growth and success. Sany Group generates an impressive revenue of 30 billion dollars, further solidifying its position as a key player in the industry. Through its innovative products and solutions, Sany Group continues to contribute to the advancement of the manufacturing sector, driving efficiency and productivity.
#6 Komatsu Ltd.
Employees: 60K
Revenue: 30B$
Website: https://www.komatsu.com/
Description: Komatsu Ltd. is a global player in the Machinery industry, specifically in Manufacturing. With its headquarters in Tokyo, Japan, the company has been operating since 1921. Komatsu employs approximately 60,000 individuals worldwide. The company generates an estimated revenue of 30 billion USD. Komatsu specializes in the design, manufacture, and sale of construction, mining, and utility equipment, as well as forest machines and industrial machinery. They provide a wide range of products and services to meet the needs of various industries, contributing to the advancement and efficiency of global infrastructure. Komatsu is known for its innovative technology, commitment to quality, and dedication to sustainable development.
#5 John Deere
Employees: 73K
Revenue: 39B$
Website: https://www.deere.com/
Description: John Deere, headquartered in Moline, Illinois, United States, is a leading company in the Machinery industry. Founded in 1837, the company has a long history of manufacturing agricultural, construction, and forestry machinery. With approximately 73,000 employees, John Deere has a global presence and is known for its innovative solutions that enhance productivity and efficiency in the farming and construction sectors. The company generates an impressive revenue of 39 billion dollars, showcasing its strong position in the market. John Deere continues to be a trusted name in the machinery industry, providing reliable equipment and services to customers worldwide.
#4 Mitsubishi Heavy Industries, Ltd.
Employees: 80K
Revenue: 40B$
Website: https://www.mhi.com
Description: Mitsubishi Heavy Industries, Ltd. (MHI) is a leading company in the Machinery industry, specializing in manufacturing a wide range of machinery and equipment. Headquartered in Tokyo, Japan, MHI has a rich history dating back to its establishment in 1884. With a workforce of approximately 80,000 employees, the company operates globally and is renowned for its innovative and high-quality products. MHI's machinery offerings span various sectors, including energy, aerospace, automotive, construction, and more. The company's revenue stands at an impressive 40 billion dollars, reflecting its prominence and success in the industry. MHI's commitment to technological advancement and customer satisfaction has solidified its position as a key player in the global machinery market.
#3 Caterpillar Inc.
Employees: 106K
Revenue: 53.8B$
Website: https://www.caterpillar.com
Description: Caterpillar Inc. is a renowned machinery manufacturer headquartered in Peoria, United States. With a rich history dating back to 1925, the company has established itself as a global leader in the manufacturing industry. Caterpillar employs approximately 106,000 individuals worldwide, making it a major employer in the sector. The company's revenue stands at a staggering 53.8 billion dollars, reflecting its significant market presence. Caterpillar specializes in the production of heavy machinery, including construction equipment, mining equipment, diesel and natural gas engines, industrial gas turbines, and more. Through its innovative products and solutions, Caterpillar continues to contribute to the advancement of the machinery industry, driving efficiency and productivity across various sectors.
#2 Siemens AG
Employees: 385K
Revenue: 94.16B$
Website: https://www.siemens.com
Description: Siemens AG, headquartered in Munich, Germany, is a global leader in the Machinery industry. With a history dating back to 1847, Siemens has established itself as a prominent player in manufacturing and engineering solutions. The company operates in various sectors including power generation, transportation, healthcare, and industrial automation. With a workforce of approximately 385,000 employees worldwide, Siemens continuously strives to innovate and provide cutting-edge technologies to its customers. In 2020, the company reported a revenue of 94.16 billion dollars, solidifying its position as a major player in the industry.
#1 General Electric Company
Employees: 205K
Revenue: 95B$
Website: https://www.ge.com
Description: General Electric Company, headquartered in Boston, United States, is a leading player in the Machinery industry. With a rich history dating back to its founding in 1892, GE has established itself as a prominent manufacturer of machinery and equipment. The company operates in various sectors within the manufacturing industry, including power generation, aviation, healthcare, renewable energy, and transportation. GE employs approximately 205,000 workers globally, contributing to its annual revenue of 95 billion dollars. Through its innovative technologies and solutions, General Electric Company continues to drive advancements in the Machinery sector, catering to the evolving needs of industries worldwide.
Summary
According to a recent analysis, the top companies in the Machinery sub-industry within the Manufacturing sector have achieved remarkable success. These companies have been ranked based on their revenue, market capitalization, and overall performance. The leading firms in this sub-industry include Company A, Company B, and Company C.
One unexpected finding is the rapid growth of Company A, which has seen a significant increase in revenue and market share in recent years. This can be attributed to their innovative approach to product development and their ability to adapt to changing market trends.
Company A is a prominent player in the Machinery sub-industry. They are known for their high-quality products and excellent customer service. Company B, on the other hand, focuses on cutting-edge technology and has gained recognition for their advanced machinery solutions. Company C stands out for their commitment to sustainability and has implemented eco-friendly practices throughout their manufacturing process.
Despite their differences, these top companies share some common elements that contribute to their success. They all invest heavily in research and development to stay at the forefront of innovation. Additionally, they have established strong relationships with suppliers and partners to ensure the availability of high-quality materials and components.
What sets these companies apart from their rivals is their ability to differentiate themselves in the market. Company A has built a reputation for reliability and durability, which has helped them gain a loyal customer base. Company B's focus on technology and automation has allowed them to streamline operations and increase efficiency. Company C's commitment to sustainability has not only attracted environmentally conscious consumers but also helped them reduce costs and improve their bottom line.