The latest Yellow Table, an annual ranking of the construction equipment sales figures of the world’s top 50 Original Equipment Manufacturers by International Construction magazine, has revealed that sales for 2019 reached a record high of US$202.7 billion.
This figure is a 10% increase from the last table, when combined equipment sales for the top 50 OEMs in 2018 was US$184 billion. This is the first time that sales in the Yellow Table have exceeded US$200 billion.
Even though this figure for 2019 is a record-high, it is worth highlighting that the percentage rate of growth is slowing. For example, the Yellow Table in 2017 saw growth of 25.5% compared to 2016; the Yellow Table in 2018 saw growth of 13.5%.
With the impact of Covid-19 being felt around the world, sales figures for next year will see a considerable drop.
In the top ten of the Yellow Table there is more movement than usual: there is one new company in the top ten, two companies increase their rankings in the top ten and two drop down positions. There was one new entry onto the list, at number 50.
The top ten companies make up approximately 63% of the sales figures in the table, an increase from last year’s table. This indicates that the gap in sales between the bigger OEMs and their rivals is increasing.
The full Yellow Table with the ranking of the top 50 OEMs and two pages of analysis will be published in the May issue of International Construction magazine which is out soon.
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