Volvo CE recently engaged David Zach and Glen Hiemstra, known for their work with dozens of innovative fortune 500 companies, to provide expert forecasts on where the industrial industries may be headed.
With a combined figure of $27.851 billion, 2019 saw the revenue of the top 20 largest crane manufacturers in the world rise 12.5% – up over US$3 billion compared to 2018’s total ranking $24.832 billion.
Figures used in the ICm20, which were published in November 2019, are from the calendar year 2018 or the 12 month financial year to 31 March 2019 (further details below).
According to data specialist Off-Highway Research, the global market for wheeled loaders reached almost 200,000 unit sales last year. Though these machines may move the Earth, the pace at which they are evolving is moving at different speeds around the world, as different markets have distinct requirements.
Excavators remain the number one piece of construction machinery sold around the world. In 2018, more than 450,000 units were sold globally – with this year expected to break a total sales figure of over 400,000 units – according to figures by specialist research company, Off-Highway Research.
Japanese manufacturer Yanmar is to acquire US-based compact tracked and wheeled skid steer loader producer ASV for US$70.7 million.
This was said to be a key part of Yanmar’s long-term international growth plans since ASV’semployee base, manufacturing and distribution facility, international distribution network and supply chain all provide a strong platform for expansion in North America. Continue reading “Yanmar to buy ASV”