Yellow Table: The world’s top 50 construction equipment OEMs

Published in the latest edition of International Construction magazine, the Yellow Table lists the top 50 biggest OEMs by their annual revenue for 2024 in US dollars.

The newest edition of the Yellow Table showed that the world’s 50 largest construction OEMs generated a total revenue of US$237.6 billion.

That represented a fall of 2.4% as compared to the prior year, demonstrating the tougher trading environment that OEMs have found themselves operating in.

Caterpillar remained the world’s biggest OEM, with revenue more than US $11 billion than its second-placed rival, Komatsu.

There were few other changes within the top 10, other than Hitachi Construction Machinery leapfrogging Volvo Construction Equipment to move into seventh place.

In fact, there was only one change to the top 10, as Sweden’s Sandvik broke back in, at the expense of Doosan Bobcat, which is now 11th.

Companies based in Asia generated the highest percentage of the top 50’s total revenue, at 44.3%, followed by Europe at 27.9% and North America at 27.5%. The rest of the world generated just 0.3%.

The top 20 companies in the 2025 Yellow Table are:

1. Caterpillar
2. Komatsu
3. John Deere
4. XCMG
5. Liebherr
6. Sany
7. Hitachi Construction Machinery
8. Volvo Construction Equipment
9. JCB
10. Sandvik Mining and Rock Technology
11. Doosan Bobcat
12. Epiroc
13. Zoomlion
14. Metso Outotec
15. Oshkosh Access Equipment (JLG)
16. Terex
17. Kubota
18. Liugong
19. CNH Industrial
20. Kobelco Construction Machinery

The full Yellow Table – with company rankings (and how those rankings have changed since the previous year), sales data and in-depth analysis – appears in the May–June issue of International Construction, available to read for free here.