How the hierarchy of the top 10 construction OEMs in Europe has changed in the past decade
30 August 2023
A new animated chart shows the way in which the hierarchy of the biggest construction equipment manufacturers in Europe has changed over the past decade.
The chart draws on data from International Construction’s newly updated Yellow Table, which tracks the top 50 construction OEMs across the world.
It follows on from last month’s animation, which tracked the fortunes of the top 10 OEMs in the Asia-Pacific region over the same time period, covering annual sales from 2013 to 2022.
Movers and major players
Volvo Construction Equipment and Liebherr have been perennial fixtures at the top of the list throughout that decade.
Both hit annual revenue of nearly US$10 billion in the most recent version of the Yellow Table, published earlier this summer. Volvo stayed narrowly ahead of Liebherr on revenue of just over $9.9billion, compared to Liebherr’s figure of just under $9.9 billion.
Meanwhile, Swedish company Sandvik has risen several places in the list since 2013, when it was 10th with a revenue of $1.3 billion. That is in large part as a result of its 2016 merging of Sandvik Mining and Sandvik Construction into one business area – Sandvik Mining and Rock Technology.
Wirtgen Group dropped out of the top 10 in 2018 not because its revenue dropped but because US-based OEM John Deere finalised its acquisition of the German company at the end of 2017. Wirtgen Group’s sales have helped drive John Deere to number four overall in the Yellow Table.
UK-based OEM JCB has maintained a consistent presence in the list, maintaining fourth position or higher since 2014.
Italy-based CNH Industrial, which manufactures construction machinery under the New Holland and Case brands has also remained a constant feature within the top 10 over the period.
Collective sales among Europe’s top 10 OEMs have risen by 50% over the course of the decade, growing from $38.2 billion in 2013 to $57.7 billion in 2022.
The Yellow Table
To view the 2023 version of the Yellow Table in full, click here. You can also find an archive of the Yellow Table stretching back to 2006 online in International Construction’s digital editions.
Positions in the Yellow Table for each year are construction equipment sales based on sales in the previous calendar year in US dollars. Currencies have been converted to dollars based on the average exchange rate over the course of each year to try and ensure fairness.
Each year, International Construction gathers data from a variety of sources, including audited accounts, company statements and reputable third party sources. In Japan, India and certain other countries, the use of the fiscal year (end of 31 March) makes it impossible to establish calendar year information. In these cases, fiscal year results were used.
In some cases, International Construction made an estimate of revenues based on historical data and industry trends. While every effort has been made to ensure information in this chart is accurate, International Construction does not accept any liability for errors or omissions.
If you would like to comment on the Yellow Table or feel your company should be included, please email International Construction editor Andy Brown at: [email protected]
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