EXCLUSIVE: XCMG enters global top 10

XCMG is the world's 10^th largest construction equipment manufacturer according to the 2010 edition of the 'Yellow Table', International Construction's unique ranking of the industry's largest companies. In addition, country-mates Sany and Zoomlion are ranked 11^th and 12^th respectively

This year's table also sees Metso Minerals enter the global top 10 for the first time, with John Deere and CNH displaced. The other notable change in the top 10 is the Terex's fall from no. 3 spot last year to no. 7 - a sign that it has been hit harder than many of its peers by the effects of the recession.

The no. 3 spot vacated by Terex was taken by Hitachi, while the perennial no. 1 and no .2 in the industry - Caterpillar and Komatsu - remained unmoved. Privately owned Liebherr moved up the table to no. 4, based on an estimate of its revenues made by iC, while Volvo stayed in no. 5 spot.

Recession impact

The global recession took its toll on the construction equipment industry last year, with revenues for the 50 companies in the Yellow Table falling -23.6% to US$ 108 billion, from 2008's peak of US$ 168 billion. This has taken the industry back to around 2005 levels.

In Dollar terms the Chinese manufacturers' revenues came to US$ 13.2 billion, an +18% rise on last year's figure of US$ 11.2 billion. However, the overall downturn in the global industry meant this equated to a vastly increased slice of the industry. As a result of this rise, the proportion of the top 50's revenues accounted for by Chinese manufacturers almost doubled from 6.7% in 2009 to 12.2% this year.

The Yellow Table will be published in the April edition of International Construction. It is also available to buy as a stand-alone report from the khl.com Information Store.