From Caterpillar to XCMG – Technavio Highlights Top Nine Vendors in the Earth Moving Equipment Market in Saudi Arabia From 2016-2020

Rising investment in infrastructure and the encouragement and participation of the government in the development of the transportation and infrastructure projects in Saudi Arabia exhibits a huge growth potential for the earthmoving equipment market in the region. Earthmoving equipment holds considerable potential in the market, as the versatile nature and easy maneuverability of the machinery make it appropriate for construction sites. The major vendors such as Caterpillar, Komatsu, JCB, and Volvo are investing heavily in the R&D for the development of earthmoving equipment.

Technavio research analysts label the leading vendors of the earth moving equipment market in Saudi Arabia into two segments: key vendors and other prominent vendors.

Caterpillar, with its headquarters in Illinois, US was established in 1925 as Caterpillar Tractor and renamed to Caterpillar in 1986. It is the global leading manufacturer of heavy construction and mining equipment, industrial gas turbines, and diesel-electric locomotives. It also offers insurance and financial products.

The company’s products are marketed under the brand names, CAT, MaK, FG Wilson, Perkins, and Progress Rail. Caterpillar has six primary R&D centers and invests heavily (USD 2.3 billion in 2011, USD 2.47 billion in 2012, and USD 2.05 billion in 2013) to develop a strong portfolio that has more than 4,000 patents.

JCB was established in 1945 and is headquartered in Staffordshire, UK. The company produces manufacturing equipment for agriculture, demolition, and construction industries. It also operates through its finance and insurance services segment, which helps customers purchase heavy equipment.

The company provides more than 300 varieties of products including rough terrain loaders, telescopic handlers, wheel loaders, utility vehicles, backhoe loaders, compaction equipment, compact track loaders, defense products, hydraulic excavators, teletrucks, and light equipment.

Komatsu, with headquarters in Tokyo, Japan, was established in 1921. Komatsu engages in the manufacturing of a wide range of industrial products and services. The company focuses on providing safe and innovative products to fulfill customer expectations.

Geographically, the company is classified into nine operating segments: Japan, North America, South America, the APAC region, Oceania, China, Saudi Arabia, the MEA region, and the CIS region.

Volvo was incorporated in 1915 and is headquartered in Gothenburg, Sweden. Volvo manufactures trucks, construction equipment, buses, and industrial and marine engines. The company employs 110,000 people across the world.

The company has manufacturing sites in 19 countries and markets its products in more than 190 markets across the world. The company also provides financial services, industrial IT services, and logistics services.

Bobcat was founded in 1947 and is headquartered in West Fargo, North Dakota, US. The company manufactures construction equipment such as loaders, skid-steer loaders, compact track loaders, and compact excavators. It also offers attachments for skid-steer loaders, compact track loaders, mini track loaders, and compact excavators.

KOBELCO Construction Machinery was founded in 1999 and is headquartered in Tokyo, Japan. The company manufactures construction machinery such as excavators, mini excavators, crawler cranes, wheel cranes, and rough terrain cranes.

Liebher was founded in 1976 and is headquartered in Bulle, Switzerland. The company manufactures construction machinery such as mobile cranes, crawler cranes, port equipment, maritime cranes, tower cranes, mobile construction cranes, deep foundation machines, earthmoving equipment, attachments, mining equipment, and material handling equipment.

Sany Heavy Industry develops, manufactures, and distributes engineering machinery products and accessories. The company’s primary products include, concrete machinery, road construction machinery, truck mounted concrete pumps, asphalt batching plants, truck cranes, concrete batching plants, crawler cranes, concrete line pumps, rotary drilling rigs, compactors, and others.

XCMG is headquartered in Jiangsu, China and was founded in 1989. The company’s product portfolio includes construction hoisting machinery such as truck cranes and crawler cranes; earthmoving machinery such as excavators, wheel loaders, and bulldozers; road maintenance machinery such as rollers, asphalt concrete pavers, and motor graders; concrete machineries such as concrete pumps and concrete mixing plants.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.