The market scale of global construction machinery industry continues to rise
On the whole, the global sales of construction machinery and equipment showed an upward trend, especially in 2018-2019, when the industry reached a peak of more than 1.1 million units. According to the report of OffHighway Research, due to the impact of the COVID-19 in 2020, it will decline to 891000 units in 2020, a year-on-year decrease of 19%.
Competition pattern of global construction machinery industry
——Caterpillar and Komatsu Research Institute account for 27.7% of the global share
According to the data of YellowTables, the global top 50 construction machinery manufacturers will achieve a total sales of 197.251 billion US dollars in 2020, an increase of 3.27% year on year, which has maintained growth for several consecutive years, but the growth rate has slowed down. From the perspective of profit, the total operating profit of the world's top 50 construction machinery manufacturers in 2020 was US $22.03 billion, a slight decline year-on-year
——Leading enterprises all cover loader and excavator business
From the perspective of enterprise product structure, all leading enterprises cover loader and excavator products. From the perspective of enterprises, Caterpillar and Terex involve the most extensive businesses, with 13 product businesses; It is followed by Komatsu, Volvo and CNH, which all have 9 product businesses.
——The United States, Japan and China account for 65.9% of global sales
In terms of industrial regions, China, Japan and the United States still occupy the first echelon, while Western Europe, such as Germany, Sweden and France, is slightly weaker, but still far more than other countries.
From the perspective of market share, among the top 50 global construction machinery manufacturers, Japan occupies 25.3% of the market share, followed by the United States, accounting for 24.6%; China accounts for 16%. This again shows that Japan, the United States and China dominate the global construction machinery manufacturing market, accounting for 65.9%; Most of the remaining market share is occupied by Western Europe.  
——Although the number of enterprises in the United States is smaller than that in Japan, its sales volume ranks first in the world
According to the data of YellowTables, among the top 50 global construction machinery manufacturers, the United States has only 6 enterprises, but its sales volume has reached 55.538 billion US dollars. Although Japan has the largest number of enterprises (11), its sales volume is inferior to that of the United States, which has only 6 enterprises. In addition, among the top 50 global construction machinery manufacturers, 10 Chinese enterprises entered the list, and their sales reached US $36.891 billion.
From the demand side, the global construction machinery manufacturing industry has shown an overall upward trend in recent years; Secondly, the industry shows a trend of centralization, whether from the perspective of regional competition or enterprise competition.