Sales for the world’s top construction equipment manufacturers remains resilient despite challenges onstretion equipment manuficruers the lsc fw years — they've had «0 contend with iames such as rising materiale and labour costs, ack of workers, and supply chain issues, while the demand for thet products has, In many cates, never been at This years Yellow Table — which compiles the sales fgutes forthe works top 50 OEMs — i looking at sls for 2022 I fllows ase year table, which sw the rop 50 OEMs on the list generate the most money in the history of the Yellow Table I is ely impressive that in this year table thers noe been much change METHODOLOGY Positions in the Yellow Table are based ‘on sles i the 2022 calendar year in US Dollars. Currencies have been converted te Dolls based on the average exchange rate over the course of 2022 to try and ensure feimes. Data was gathered from a variety of sources inclucing auclted accounts, company statements and reputable third-party sources. In Japan, nc, and certain other counties, the use ofthe fiscal year (ending 31 Marchy has mace it impossible taestabsh calendar year information. In these cases, sal year results were used. Insome cases International Construction has made an estimate of revenues based ‘on historical data and industry trends Where thishas occurred, it has been clearly marked with two asters ‘While every effort has been made toensure this repor's information's accurate, International Constrction does not accept any lailty fr errors or ‘omissions. f you would ike to comment ‘onthe Yellow Table, o fel your company should be included, please email the editor at andy.brownakcom YELLOW TABLE SALES inthe amount of dollars generated; the total amount is US$230.6 billion, just 0.4% less ‘han lst ya's USS232.7 bilo Regarding equipment sale, 2022 saw a couple of big changes from 2021, The first occurred in Chinas when equipment sales dropped inmost of the world due to the impact ofthe pandemic, they actully rose in (China in 2020 and remained high in 2021 due tims spedig, Howes he ying up of shi policy hampered business and sles fl fairly sharply fr most OEMS in this marke in 2022 ‘What balanced this ot tha sles improved in most ocher major markes. Europe saw ined with the countrys zero growth as did India and North America — vrith this region pecoeming very strong, with industry exports OF Highway Research cstimating that equipment sales were up 86 This srength illustrated by the company once again ~ aking the top spor in the lis, Caterpillar, Topten Sales for Cav construction and resources division increased from US$32 billion in the lase table to USS37 billion with che gap heween it and second-placed | Komata, and the rst of the table, incressing further Komatsu saw its sles decline slightly when SHARE OF YELLOW TABLE REVENUES. Revenues generated inthe ¥ total amount last year (502 eee a ee etree Retour! Sec iee Recast r re eseareerate Please note that these figures represent the See eae Seaton ei ery Tat, tenn ie es ofthe companies listed on the ee ia A Cog Ero fre) Coon sa iscilel | Europe North 275% America 212%YELLOW TABLE construction YELLOW TABLE 2023 ee ee ed Ee Rd a a ee 40% . . 768 34% Meson . WR eee 20% eee . cu egg 27% : . FN Ser) 22% se S259 23% i ay conare US ome 1% oe cy eee ne . 2 3a 0% a) HinmiDootn incre (ios Dssin) v= 3690s oe . 21s) eNindusti 7 ee ke . 22 -1_Sunltome Heavy Indust? > so 13% : . 15 MobeleoConsttion Machinen™ P2908 17% * * 3 - nndalosteonEniometas «Garam us «+ + 25 _Wacker Newson ot asee oe = asi os a 7 7. oe 028 y it a om < 3 P| 485 02% ous) = 3 2 [eaete 02% = 2 > aaa 02% < 22 menronn cousaucen ne 2s unatentontansndovenYELLOW TABLE THE WORLD’S TOP 50 CONSTRUCTION OEMS Ce) cures wend ‘ico RLM) REARS aU UPR 1008S —_ SHOE Ci Pe ed . ee caters. ° © wwharatsucom (Ee ee EET marking op com oe ee ee . ww sharucom vader . o_ © wastes : . ‘wwwammane-gcupch tckeuc-igcosp . . mms ‘nw shyjck ecm . wwe ‘s.cwhngon = ww sennebonende wel cam waren whut com wnyenmaccoip . nl coz . ubiomekconat ato-worcoiD wacom swansea wn strtertonstonc _NTENUMONAL CONSTHUCTON,mavseDS 25YELLOW TABLE adjusted for curency calculations and XCMG remained in third posion, meaning chat the top the od rom last year CChina-based OEMS have been increasingly focused on expanding thee sles in oversax markets and this strategy enabled XCMG to hold onto third postion ~ jase ~ from John Deere, but Sany slip one place to ft, ‘overtaken by John Deere. Since the acquisition ofthe Wirtgen Growp Deere hs been steadily climbing the table over the ae few years Volvo CE is the highest European-placed company in the table, with the OEM femaining in sxc postion, Licbhere climbed to seventh place (they also increased thet placing by one last yea) and are followed by companies that climb one place: Hitachi Construction Machinery, Sandvik ad JCB, The Ukcbased company returns ro the top ten withthe uptick in Indi, the largest market for JCB, helping to boos sales. These companies all rise one place in pare due to Chins-based Zoomlion dropping fiom seventh poston last yar to number 12 on the lise, This isa fly steep drop, bu ie shouldbe fed that che OEM has risen eapidly on the table in he last ew yeas OO aN CO UNS TAtesy ena Komatsu 107% Movers and shakers Some of the best performing OEMs are thote that ave a focus on spocfe product (Oshkosh Access Equipment (JLG) is up four places, the biggest rise on this yea table and China bused CRCHI, which specializes in tunneling, mainzins its postion despite the filling Chinese market. List year sw a fairly lange change in the Yalow Table as, due to Hyundsi Hea Industre® purchase of Doosan lnfracore i became Hyundai Doosan Inftacore and a SALES REMAIN REMARKABLY STRONG The lst table was the frst since the werld, generally, emerged from lockclowns due to th eee eee Cee ete een ore Poeeereertty eee a et ee eee raat! Seer tener nents increasingly fractured nature of geopolitical relations, but the demand f ee tT Fe Ey a ee Po a a ee) subsidiary ofthe new Hyundai Genuine group, of which Hyundai Consraction Equipments als a subsidiary, Hyundai Doosan Infeacore has since been rebranded at Develon [As Doosan Bobsat is continuing 9 operate as an independent busines c was listed a8 & ‘new entry’ on the ls able at number 14. The compact specialist is performing strongly and ustone place ouside the tp enon this table Ifthe sales for sister companies Develon and Hyundst Construction Equipment were combined then chey would be 12th on the table There is one new entry onto the sable Hidromek. The Turkey-based OEM has been on thelist before and only narrowly did not ‘make the rop 50 lst year. The OEM tha just mises our this. year (che Sse company) is Chinese aeess manuficrurer, Sinoboom What's next? Inall likelihood, light desine in nexe years Yellow Table. The construction industry has been extremely obust ro ride the waves ofthe tlobal pandemic, war in Ukraine, inBationary issues and lack of skied workers. That this years Yellow Table is only 0.4% down from the lggest eve igure recorded on che rable is an indication of how strong 2022 actully was, Equipment sales around che world are predicted to dap by around 7% in 2023 but ‘he total volume of machines i sill expected tobe above the one millon units mark At the time of writing, OEMS have released nancial results for the fre quarter that were broad positive, wth order books sil tong, A lor depends on China ~ the market is expected to se Further declines in 2023 but at what level remains to be acen, The country is continuing to inves in infastrctare as are other economies around the world, which is Fueling demand for equipment. Any decline in sales forthe Yellow Table wil key be soft and come from a position of real strength