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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The leading heavy equipment manufacturers worldwide as of May 2024
With total sales revenue of some ** 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 ** 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 ÌÇÐÄÆƽâ°æ. Retrieved July 28, 2026, from /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. ÌÇÐÄÆƽâ°æ. Accessed July 28, 2026. /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). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 28, 2026. /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)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 20 Jun 2024, /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) ÌÇÐÄÆƽâ°æ, /statistics/257347/leading-machinery-manufacturers-worldwide/ (last visited July 28, 2026)
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: /statistics/257347/leading-machinery-manufacturers-worldwide/
