Sales Of Top OEMS Have Revealed: Yellow Table Data 2024

A recent update about the heavy equipment manufacturers has just revealed by the Yellow Table Research. This is one of the most trusted resources that gets direct data from the origins.

According to that report, the top OEM data has been up for public review. The report shows that despite the unstable and tough market conditions, some top equipment brands maintained their pace in the industry by selling quality equipment to their customers. 

This report keeps a lot of things that every person connected actively or passively to the industry should know. Whether you are a buyer or a seller, you must stay up to date about industry trends to better make the finest decisions. Let’s walk through this amazing report.

How did the equipment sales continue to rise?

In the May–June 2025 issue of International Construction, the Yellow Table shows that the top 50 OEMs in the world made a total of $237.6 billion in sales last year. 

That is only 2.39% less than the previous edition’s record-breaking $243.4 billion, which is the second-highest amount ever recorded.

That slight drop isn’t particularly concerning; rather, it shows how resilient the sector has been to supply chain changes, high interest rates, and economic downturns. 

The demand for construction equipment has remained high in many regions, particularly Asia and North America, due to investments in energy, infrastructure, and large-scale housing projects.

Top OEMs that performed well in the industry

Here’s a closer look at the top 10 construction equipment manufacturers based on 2024 sales, including their global market shares:

Caterpillar construction equipment comfortably leads the market with more than 16%, demonstrating once again why it remains a dominant force worldwide. Komatsu and John Deere are also steadily climbing, while Chinese behemoths such as XCMG and Sany remain in the top five, owing to strong domestic demand and aggressive global expansion.

How did Asia become at the forefront?

With 44.3% of the total sales, Asian manufacturers once again held the largest geographic share. 

That is a clear sign of China’s ongoing supremacy in the manufacturing industry, which is dominated by companies like Sany and XCMG.

European OEMs, on the other hand, made up 27.9% of the market, with Liebherr, Volvo CE, and JCB exhibiting consistent performance. 

The steady strength of Cat Construction Equipment and John Deere was the main driver of the 27.5% contribution from North American companies. The rest of the world, including emerging markets, accounted for just 0.3%, indicating that there is still room for growth in underrepresented regions.

What should buyers do in this critical situation?

This data is invaluable to anyone dealing in used heavy equipment, including us at MY Equipment. 

Brands that perform well globally tend to keep their resale value, parts availability, and service support much longer than lesser-known names.

For example, if you are looking at a used Caterpillar, Komatsu, or Volvo machine, you’re likely dealing with equipment that is supported by a strong ecosystem, resulting in easier repairs, upgrades, and a longer lifespan. 

Meanwhile, companies rising up the Yellow Table may present new opportunities, particularly if you are open to machines that provide better value upfront while still providing dependable performance.

Take away

Despite a minor drop in total revenue, the construction equipment industry remains in a strong position going into 2025. 

The top OEMs continue to demonstrate resilience, innovation, and a commitment to growth, all of which are encouraging signs for those of us who work with these machines every day.

As always, MY Equipment is closely monitoring these fluctuations to better serve our customers. Whether you are looking to buy a used motor grader, backhoe, or excavator from one of these top OEMs, you can be confident that we are keeping up with global trends, ensuring you get the best deal backed by real industry knowledge.

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