billion U.S. dollars, U.S.-based Caterpillar Inc. was ranked the second heavy equipment manufacturer worldwide in 2024, behind Japan's Hitachi. Deere & Company ranked third with a sales revenue of over
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The leading heavy equipment manufacturers worldwide as of May 2024, based on sales
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Each company making the list has to be public. The source uses the latest-12-months’ financial data available to them. In order to be included, companies need to exceed the following cutoff values: sales revenue of 5.8 billion U.S. dollars, market value of 7.4 billion U.S. dollars, profits of 375 million U.S. dollars, and assets of 13.8 billion U.S. dollars.
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Forbes. (June 20, 2024). The leading heavy equipment manufacturers worldwide as of May 2024, based on sales (in billion U.S. dollars) [Graph]. In Statista. Retrieved July 17, 2025, from https://www.statista.com/statistics/257347/leading-machinery-manufacturers-worldwide/
Forbes. "The leading heavy equipment manufacturers worldwide as of May 2024, based on sales (in billion U.S. dollars)." Chart. June 20, 2024. Statista. Accessed July 17, 2025. https://www.statista.com/statistics/257347/leading-machinery-manufacturers-worldwide/
Forbes. (2024). The leading heavy equipment manufacturers worldwide as of May 2024, based on sales (in billion U.S. dollars). Statista. Statista Inc.. Accessed: July 17, 2025. https://www.statista.com/statistics/257347/leading-machinery-manufacturers-worldwide/
Forbes. "The Leading Heavy Equipment Manufacturers Worldwide as of May 2024, Based on Sales (in Billion U.S. Dollars)." Statista, Statista Inc., 20 Jun 2024, https://www.statista.com/statistics/257347/leading-machinery-manufacturers-worldwide/
Forbes, The leading heavy equipment manufacturers worldwide as of May 2024, based on sales (in billion U.S. dollars) Statista, https://www.statista.com/statistics/257347/leading-machinery-manufacturers-worldwide/ (last visited July 17, 2025)
The leading heavy equipment manufacturers worldwide as of May 2024, based on sales (in billion U.S. dollars) [Graph], Forbes, June 20, 2024. [Online]. Available: https://www.statista.com/statistics/257347/leading-machinery-manufacturers-worldwide/
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