Analysis on the development status and Competition of global construction machinery manufacturing industry in 2020

--Leading enterprises cover the business of loaders and excavators

From the perspective of product structure, all the leading enterprises cover loaders and excavators. In corporate terms, Caterpillar and Terex are the most widely involved, each with 13 product businesses; They are followed by Komatsu, Volvo and CNH, each with nine product businesses.

--The United States, Japan and China accounted for 65.9 percent of global sales
In terms of industrial areas, China, Japan and the United States remain in the top tier, while Western Europe, such as Germany, Sweden and France, are slightly weaker but still far ahead of other countries.

From the perspective of market share, among the TOP50 manufacturers of construction machinery in the world, Japan accounts for 25.3% of the market share, followed by the US with 24.6%. China accounted for 16%. This also shows once again that the global construction machinery manufacturing market is dominated by Japan, the United States and China, accounting for 65.9%. Most of the rest is occupied by Western Europe.