2013 Yellow Table Top 50 Ranks SANY No. 5 Globally Among Construction Equipment Manufacturers

SANY Heavy Industry Co., Ltd, the parent of SANY America Inc, moved up one slot to become the No. 5 construction equipment manufacturer in the world, according to the 2013 Yellow Table survey published by International Construction magazine.

The 2013 Yellow Table survey, due to be published in the April edition of International Construction, estimated SANY’s 2012 construction equipment sales revenue at $7.929 billion USD, up slightly from $7.861 billion in 2011. SANY’s move to the No. 5 rank supplanted Liebherr, which fell to No. 7. Caterpillar and Komatsu remained No. 1 and No. 2, while Hitachi overtook Volvo for the No. 3 spot. SANY’s percentage of total revenue among the Top 50 was unchanged at 4.3 percent. The survey ranks the Top 50 construction equipment manufacturers in the world.

“To achieve the No. 5 global ranking in a very difficult Chinese economy is a testament to the strength of SANY in China, and our continued success in markets outside of China,” said Tim Frank, chairman of SANY America Inc. “With progress on almost all fronts globally, SANY continues to show its staying power. We are a company built on a strong foundation, poised for continued growth, with aggressive targets. Now that we have surpassed Liebherr, Volvo is next.”

Total revenue from the Top 50 manufacturers was $186 billion, up 2.6 percent from 2011. Chris Sleight, editor of International Construction, attributed the lack of robust growth to weakness in the Chinese economy. “While there was some growth in the market last year, things were relatively subdued,” Sleight said in a video preview of the 2013 Yellow Table. “The key factor that depressed growth last year was the weak market in China.”

Six Chinese manufacturers in the Top 50 slipped in the rankings, Sleight said, and one other company fell out of the Top 50 entirely. Overall, Chinese manufacturers had revenues of $27.9 billion in 2012, down about 12 percent from 2011. “That was the first time in the 10-year history of the Yellow Table that both revenues and the Chinese manufacturers’ shares have fallen,” Sleight said.

The top 10 manufacturers accounted for two-thirds of the Top 50 revenue, a fact Sleight said illustrates “how important these large, long-line manufacturers are”.