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The top 10 largest machinery manufacturers in the world are currently dominating the global machinery industry — not only by generating billions in revenue for the industry but also supplying and exporting a significant amount of industrial machinery and machine tools to the global market every year. Over the recent decades, the demand of industrial machinery in the global manufacturing sectors — ranging from automotive, construction, electronics to packaging and pharmaceutical industries — has been growing rapidly, thanks to the recovery of global economic conditions. Under this circumstance, the global industrial machinery market is also booming, with these top 10 largest machinery manufacturers in the world leading the market. It is expected that these major industrial machinery manufacturing companies will continue to be the top vendors in the market over the near future, due to their strong performances in productions, sales, and R&Ds.

 

Global Industrial Machinery Market Overview

 

The global industrial machinery manufacturing industry plays a vital role in terms of supplying essential machine tools and other industrial equipment for many other downstream manufacturing and service industries to increase the productivity and reduce cost. Sales of many types of machinery typically are accompanied by a variety of other high-value services, including specialized design, engineering, and logistics. According to a recent report from Global Market Insights, the global industrial machinery market size is expected to reach US$ 771.6 billion by 2024, jumping significantly from $485 billion in 2015, representing an impressive CAGR of 5.3% from 2016 to 2024.

 


Related: Top 10 Manufacturing Companies in the USA (2018)


 

Some of the major industrial machinery subsectors include Agricultural and Food Machinery and Equipment (e.g. agricultural equipment, food processing and packaging machinery, commercial and industrial refrigeration equipment, and commercial food service equipment); Construction Machinery; Manufacturing Machinery (including machine tools for cutting, stamping and forming metal; plastics and rubber manufacturing machinery; and a wide range of cutting tools, dies and accessories); Industrial Process Machinery (such as electric motors, pumps, valves and compressors and industrial controls, as well as material handling equipment); Power and Energy Equipment (e.g. turbines, power transmission equipment and internal combustion engines).

 

Geographically, North America – also the home of majority top 10 largest machinery manufacturers in the world – was the largest region in the industrial machinery manufacturing market in 2017, accounting for around 33% market share. The Asia Pacific region was the second largest region accounting for around 29% market share. South America was the smallest region accounting for around 1% market share. When it comes to major end-user markets, construction equipment, mining machinery, oil, and gas machinery are forecast to witness some of the highest sales of industrial machines in 2018.

 

Top 10 Largest Machinery Manufacturers in the World in 2018

 

Caterpillar, Inc. – 2017 revenue: $45.5 billion

 

Caterpillar Inc is an America based heavy machinery manufacturing company, that designs, develops, manufactures, markets and sells industrial machinery, engines, financial products and insurance to customers around the world. It is one of the Global Fortune 500 companies. With 2017 sales and revenues of $45.462 billion, Caterpillar is the world’s leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives.

 

ABB Group – 2017 revenue: $33.8 billion

 

ABB is a Swiss multinational corporation headquartered in Zurich, Switzerland. It is one of the world’s leaders in industrial equipment, electrification products, robotics and motion, industrial automation and power grids. The Company operates through four divisions: Electrification Products, Robotics and Motion, Industrial Automation and Power Grids, and serving customers in utilities, industry and transport & infrastructure globally. ABB has been a global Fortune 500 company for 23 years. ABB consistently tops these lists of machinery manufacturing companies due to their stellar performance on an annual basis.

 

Deere & Co. – 2017 revenue: $26.6 billion

 

Deere & Co, operating with the brand name John Deere, is an American industrial machinery manufacturing company headquartered in Moline, Illinois, United States. It mainly manufactures agricultural, construction, and forestry machinery, diesel engines, drivetrains (axles, transmissions, gearboxes) used in heavy equipment, and lawn care equipment. It is one of the Global Fortune 500 companies in 2017 and selling its industrial machines to all parts of the world.

 

CNH Industrial NV – 2017 revenue: $24.9 billion

 

CNH Industrial, registered in the Netherlands with corporate offices in London, is a global leader in the capital goods sector that, through its various businesses, designs, produces and sells agricultural and construction equipment, trucks, commercial vehicles, buses and specialty vehicles, in addition to a broad portfolio of powertrain applications. Present in all major markets worldwide, CNH Industrial is focused on expanding its presence in high-growth markets, including through joint ventures. It has over 63,000 employees in 66 manufacturing plants and 53 research and development centers across 180 countries.

 

Linde AG – 2017 revenue: $17.9 billion

 

Linde Group, registered as Linde AG, is a German multinational chemical company headquartered in Munich, Germany. It is the world’s largest industrial gas company by market share as well as revenue. Today, the Linde Group is a world-leading supplier of industrial, process and specialty gases and is one of the most profitable engineering companies. Linde products and services can be found in nearly every industry, in more than 100 countries.

 

Ferguson PLC –2017 revenue: $17.8 billion

 

Ferguson plc is a multinational building material distribution company headquartered in Reading, United Kingdom. It is the world’s largest heating and plumbing distributor to the professional market in the USA, UK, Canada and Central Europe. Today, it has approximately 47,000 employees operating across 25 countries. One of the leading machinery manufacturers in the world — Ferguson PLC is expected to continue dominating past 2018.

 

Daikin Industries Ltd. – 2017 revenue: $17.5 billion

 

Daikin Industries, Ltd. is a Japanese multinational industrial air conditioning manufacturing company headquartered in Osaka. Its core businesses include air conditioning, chemicals, air filtration, defense systems, and electronic equipment. Today, Daikin has over 90 production bases around the world and selling products to over 150 countries including Japan, China, Australia, India, Philippines, Southeast Asia, Europe, North America, and South America.

 

Komatsu Ltd. – 2017 revenue: $15.4 billion

 

Komatsu Ltd — one of the largest machinery manufacturers in the world — is a Japanese multinational corporation headquartered in Tokyo, Japan. The company manufactures construction, mining, and military equipment, as well as industrial equipment like press machines, lasers, and thermoelectric generators. It is the world’s second largest manufacturer of construction equipment and mining equipment after Caterpillar.

 

Kubota Corp. – 2017 revenue: $13.6 billion

 

Kubota Corporation is one of the world’s leading tractor and heavy machinery manufacturers based in Osaka, Japan. The company also produces many other machinery and equipment products including agricultural equipment, engines, construction equipment, vending machines, pipe, valves, cast metal, pumps and equipment for water purification, sewage treatment and air conditioning. Today, Kubota has over 39,000 employees operating in over 110 countries.

 

Ingersoll-Rand PLC – 2017 revenue: $13.5 billion

 

Ingersoll-Rand plc is an Irish global diversified industrial manufacturing company based in Dublin, Ireland. As one of the largest machinery manufacturers in the world, its four main division include Industrial technologies, Security technologies, Climate solutions, and Residential Solutions. Ingersoll-Rand manufactures and sells industrial and commercial products, such as HVAC equipment, Fluid transfer equipment, air compressors, tools, and material handling devices etc. to over 100 countries in the world.

 

Future of the Top Industrial Machinery Manufacturing Companies in the World

 

The development of industrialization coupled with growing trend of automation is stimulating the global industrial machinery market growth over the recent years. These top 10 largest machinery manufacturers in the world are some of the pioneers and industry leaders in technology advancement. Many of them are using innovative technologies with the industrial internet of things (IIoT), which sensors, computers, networks interact with their environment to generate data and improve industrial processes for faster production and delivery of industrial machinery to customers. This leads to enhanced production efficiency and lower manufacturing costs, which is believed to be one of the key factors to maintain their industry leadership in the near future.

 

Browse more of the world’s leading industrial machinery manufacturing companies on BizVibe

 


 

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