KHL has reported that revenues in the global construction equipment market were down 16.2% to €119bn this year. These are the lowest figures reported by KHL since 2009 – the year the industry experienced a sales fall to €97bn. Since then, the drop in revenues has became consistent year on year.

The KHL report says that all Chinese companies fell in the rankings compared with a year ago. Shantui experienced the largest drop, falling seven places to number 38. Liugong, another Chinese manufacturer, slipped six places to number 22. Among the table’s top 10, XCMG – in ninth position – was the only Chinese manufacturer to remain.

Sany dropped out of the top 10 and JCB moved up into the elite group, its first time there since 2008. Doosan Infracore also moved up to number eight.

Caterpillar, at 18.1%, and Komatsu, at 10.5%, held on to their respective number one and number two positions. Among the remaining top 10 positions, Terex displaced Hitachi as number three and Liebherr overtook Volvo to move into fourth position. KHL points out that there is not much difference in revenue terms between Terex, Hitachi, Liebherr, Volvo and John Deere, which occupy positions number three through to number seven, respectively.

JCB faces uncertain markets with resilience

World construction equipment market lowest since 2009

European construction publisher KHL has released its 2016 annual ranking of the world’s largest construction equipment manufacturers, the Yellow Table.