Recently, the KHL Group's International Construction magazine released the latest Yellow Table 2026 (the 2026 Global Top 50 Construction Machinery Manufacturers List). The total sales of the top 50 reached 246.528 billion US dollars, an increase of 3.8% compared to last year. This is the third time in five years that the total sales have reached the highest level in history.
By the country where the enterprises are located, the status of the "Big Three" remains stable. The combined sales of enterprises from the United States, Japan and China account for over 66% of the total sales of the top 50. The sales share of American and Japanese enterprises has slightly declined, while that of Chinese OEMs has increased.
From a regional perspective, Asian OEMs account for 45% of the total sales of the top 50, slightly higher than 44.3% last year. North American enterprises contributed 27%, lower than 27.5% last year; European-based enterprises contributed 28%, a slight increase from 27.9% last year.
Off-Highway Research pointed out that the global sales of construction machinery equipment increased by 2% this year. Overall, the European market remained flat, the North American market slightly declined (but from a higher base), while China and most emerging markets achieved growth.
Let's first take a look at the top 10 rankings:
Caterpillar and Komatsu remain in the top two spots. However, there have been some changes in the subsequent rankings:
XCMG has become the world's third-largest original equipment manufacturer (OEM) by sales. This is the highest ranking achieved by a Chinese OEM on the list and is a natural result of the steady rise in the rankings of Chinese large-scale OEMs. This is also due to the increasing focus of these OEMs on the international market, with many leading Chinese companies currently generating more than half of their revenue from overseas markets.
John Deere has dropped one place to fourth. Although its sales have increased compared to last year, it was not enough to fend off XCMG's advance.
Liebherr remains in fifth place.
Sany stays in sixth.
Volvo Construction Equipment has moved up one place to seventh, swapping positions with Hitachi Construction Machinery, which has dropped one place to eighth.
JCB and Sandvik round out the top 10 in ninth and tenth places, respectively, maintaining the same rankings as last year.
A total of 13 Chinese enterprises made the list, with sales amounting to 48.862 billion US dollars, accounting for 20.4% of the global market share. The overall ranking of domestic construction machinery enterprises has improved.
Five enterprises from Hunan Province made the list, accounting for 9.5% of the global market share and 45% of the national market share. One enterprise from Jiangsu Province was listed, taking up 5.8% of the global market share and 29.1% of the national market share. Three enterprises from Shandong Province were on the list. One enterprise each from Guangxi, Fujian, Zhejiang and Shaanxi also made the list.