Top Industry OEM’s & What lies ahead in 2022

OEM

As we enter the new year, Plant Planet take a look at some of the achievements made by some of the top Original Equipment Manufacturer’s (OEM’s) of 2021 and what lies ahead for 2022.

In this Inside Scoop, Plant Planet take a look at some of the top OEM’s and their ranking in the 2021 Yellow Table – an annual ranking of construction equipment firms ranked on equipment sales and also what some of these key players have planned for the year ahead.

1. Caterpillar

Top of the OEM’s table is Caterpillar who retains its top position as the world’s biggest construction manufacturer with sales with sales of an incredible US $24.8 billion. Caterpillar continue to continue their efficient drive in 2022 and is looking to have their fully-electric machinery available this year following their release of their new Cat® Performance Series Hammers at the end of 2021.

2. Komatsu

Komatsu remain at number two on the list as Japan-based Komatsu saw sales of US $19.9 billion. Komatsu Ltd. are also looking to continue a development into electric machinery in the upcoming years. In 2021 the Japanese firm partnered with Proterra Inc. and began testing small and midsize excavators fitted with electric powertrains and assuming everything goes to plan, commercial production could begin in as early as next year in 2023 or ’24.

3. XCMG

Remaining in the top 3 is XCMG with sales of US $15.1 billion. The company saw their place rise from 4th to 3rd place from last year. Since the company was founded in 1943, XCMG has come a long way in now being one of the top OEM’s of the industry. XCMG now stand at the forefront of the Chinese construction machinery and is now the 5th largest construction machinery company in the world. We look forward to seeing what more they can bring in 2022!

4. Sany

Sany has seen an extremely strong increase in sales, particularly in their excavator sales. The company saw a jump from US $10.9 billion in the 2021 year’s table to $14.4 billion. Ranking them 4th place. Sany are already off to a flying start in 2022 with the release of their 2022 lightweight mixer truck launched on the 11th of January in the off-line ceremony of the new generation of lightweight mixer trucks of “Sino-German Ingenuity, Wisdom Wins the Future” in Shaoyang. 

5. Zoomlion

Zoomlion has jumped up the Yellow table this year with sales of US $9.4 billion. The company are actually the first of Chinese companies to be included in the top ten. Zoomlion is the first Chinese construction machinery company to be listed on both Shenzhen and Hong Kong stock exchanges. In 2022, they are looking to promote strategic transformation, aiming to build a high-end equipment manufacturing enterprise, integrating engineering machinery, agricultural machinery and financial services.


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6. John Deere

John Deere follow closely behind Zoomlion in the Yellow Table at spot 6. John Deere are also off to a flying start in the new year, on January 4th 2022, John Deere revealed a fully autonomous tractor that’s ready for large-scale production. The machine combines Deere’s 8R tractor, TruSet-enabled chisel plow, GPS guidance system, and new advanced technologies which will be available to farmers later this year.

7. Volvo

Volvo Construction Equipment (Volvo CE) had sales of US$8.8 and is currently one of the leading OEM’s due to their new range of electric construction equipment and the company are working to manufacture additional electric construction machines with pre-orders for their ECR25 Electric compact excavator and L25 Electric compact wheel loader open for North America with plans to begin equipment deliveries in early 2022.

8. Hitachi

Hitachi had construction equipment sales of US$8.5 billion, in early January, Hitachi unveiled the ZW180-7, a smaller next-generation model from its Stage V-compliant wheel loader range and in 2022 revealed, in a statement from President and Executive Officer, CEO Kotaro Hirano, that they are planning to further accelerate the development of an engineless, full battery rigid dump truck having the dynamic charging system with trolley together with ABB.

9. Liebherr

Liebherr Group’s still sit in the top 10 of Yellow Table even after most of its main market in Europe under lockdown conditions for most of the year. In the upcoming year, Liebherr are looking to rise to meet global challenges with the release if their three new wheel loaders, the L 550, L 566 and L 580.

10. Doosan

Doosan drops one placed in this year’s Yellow Table, from number ten to nine but despite this the company still sees a rise in sales jumping from 6.7 to 7.1 in 2021. In 2022, Doosan will introduce a new dozer lineup promising to deliver powerful pushing performance, fuel efficiency and all-day operator comfort.

With many big players in the industry having big plans for 2022, Plant Planet can’t wait to see what they year brings as it looks to be a year of great possibilities and growth for the industry.

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