When it comes to excavators,there are many manufacturers around the world.However,some companies have established themselves as leaders in the industry,with a reputation for producing high-quality,reliable machines.In this article,we will discuss the largest manufacturer of excavators in the world.
Komatsu
Komatsu is a Japanese multinational corporation that produces construction equipment,mining equipment,and military equipment.The company was founded in 1921 and has since become one of the largest manufacturers of construction equipment in the world.
Komatsu produces a wide range of excavators,from small mini excavators to large mining excavators.The company's excavators are known for their durability,efficiency,and advanced technology.
In terms of market share,Komatsu is currently the largest manufacturer of excavators in the world.According to a report by ResearchAndMarkets.com,Komatsu accounted for 14.6%of the global excavator market in 2020.
Caterpillar
Caterpillar is an American multinational corporation that produces a wide range of construction and mining equipment.The company was founded in 1925 and has since become one of the most recognizable brands in the industry.
Caterpillar produces a variety of excavators,including mini excavators,medium excavators,and large mining excavators.The company's excavators are known for their power,efficiency,and versatility.
In terms of market share,Caterpillar is the second-largest manufacturer of excavators in the world,with a market share of 13.8%in 2020.
Hitachi Construction Machinery
Hitachi Construction Machinery is a Japanese multinational corporation that produces construction equipment,mining equipment,and forestry equipment.The company was founded in 1970 and has since become one of the leading manufacturers of construction equipment in the world.
Hitachi produces a wide range of excavators,including mini excavators,medium excavators,and large mining excavators.The company's excavators are known for their reliability,durability,and advanced technology.
In terms of market share,Hitachi Construction Machinery is the third-largest manufacturer of excavators in the world,with a market share of 9.7%in 2020.
Other Manufacturers
While Komatsu,Caterpillar,and Hitachi Construction Machinery are the largest manufacturers of excavators in the world,there are many other companies that produce high-quality machines.Some of these companies include:
Leking
JCB
Doosan Bobcat
Hyundai Heavy Industries
Liebherr Group
Conclusion
Excavators are an essential piece of equipment in the construction and mining industries.While there are many manufacturers around the world,Komatsu is currently the largest manufacturer of excavators in terms of market share.Caterpillar and Hitachi Construction Machinery are also major players in the industry,with a significant market share.However,there are many other companies that produce high-quality excavators and offer a variety of features and options to meet the needs of different customers.
