Yellow Table 2025 in 4 charts: Market share, growth, and regional power shifts

The Yellow Table ranks the top 50 OEMs by revenue in US dollars and records their change in position from the previous year. It also tracks each company’s share of the total revenue generated by all 50 manufacturers.

While year-on-year shifts can be marginal, a broader analysis helps bring underlying patterns into focus. The four charts below present that longer view, using historical Yellow Table data going back more than a decade:

1) CAGR league table: Growth over scale

This chart ranks 10 of the largest companies by their 10-year compound annual growth rate (CAGR) in revenue. It tells a different story from the overall rankings. While Caterpillar remains the largest by revenue, it ranks only seventh on this growth measure. XCMG tops the table, with Komatsu (which occupies second place in the Yellow Table) sitting mid-pack. The comparison shows which companies have been growing fastest over the long term, regardless of their current size.

2) Regional power shift: Asia gains ground

This stacked area chart groups the top 50 companies by region - Asia, Europe, North America, and the rest of the world - and tracks how their cumulative revenue share has changed over time. It highlights a clear shift: companies headquartered in Asia (particularly those in China) have grown their share of the total revenue, while the share held by North American manufacturers has gradually declined.

3) Market share heatmap: A decade of consistency

This heatmap plots the top 10 manufacturers’ share of total revenue over time. Each year is represented along the horizontal axis, with companies listed vertically. Colour shading indicates the proportion of the global total each company accounted for in that year. The visual shows a largely consistent picture: Caterpillar has consistently held the largest share, followed by Komatsu, with the rest maintaining broadly stable positions.

4) Watch how OEMs’ ranking changes over time

This updated animated chart shows how the top 15 companies have risen and fallen in the global rankings since 2003. The positions are based on annual revenues in US dollars. While some movement is visible, particularly in the middle of the table, the top tier has remained relatively stable. Caterpillar and Komatsu have held the first and second spots for much of the period.