The heavy construction machinery industry produces a range of heavy machinery and equipment that is used in construction and other industrial activities. Some examples of heavy construction machinery include excavators, bulldozers, cranes, and backhoes. These machines are typically used in the construction of buildings, roads, and other infrastructure projects. The industry is heavily influenced by factors such as government infrastructure spending, the health of the construction sector, and the availability of financing for large-scale projects. In recent years, the industry has faced challenges such as increased competition from low-cost overseas manufacturers and changing consumer preferences for more environmentally-friendly machinery. Despite these challenges, the industry continues to be an important contributor to the global economy.
Industry’s Top Companies:
- Deere & Company
- Caterpillar
- PACCAR
- CNH Industrial
- AGCO
- Oshkosh
- Terex Corporation
- Lindsay Corporation
- Alamo Group
- Wabash National
- Nikola
- Astec
