Finding the right construction equipment supplier will help you stay competitive in your industry and improve your profits.
To help you make better purchasing decisions, we put together a list of the top equipment manufacturers, how to choose the right machinery, and the benefits of financing your purchases.
Top Heavy Equipment Manufacturers In The U.S. For Construction
Find here some of the best heavy equipment manufacturers to buy the machinery you need for your construction business in the US.
Specialized in: construction and mining equipment
This American Fortune 100 corporation is one of the best heavy equipment manufacturers.
Caterpillar has a product line of over 300 machines such as asphalt pavers, dozers, material handlers, industrial gas turbines, diesel-electric locomotives, and loaders.
Its excavators and loaders continue to be the company’s top-selling products.
A CAT excavator ranges in price from $100,000 to $850,000+ depending on whether you purchase a small or large model.
Specialized in: press machines and thermoelectric
Komatsu was founded in 1917 and established in America in 1970.
This heavy equipment manufacturer has its headquartered in Japan and sells through its distributor network located throughout the U.S.
Their product line includes trucks, forklifts, wheel loaders, motor graders, articulated dump trucks, and other heavy equipment.
Excavators bring in the highest revenue for the company ranging in price from $25,000 to $900,000 or more.
Specialized in: digging, loading, carrying, and breaking machinery
With excavators the bulk of Hitachi‘s sales, the company also produces loaders, recycle machines, compaction equipment, and dump trucks.
Hitachi has manufacturing facilities in North America, Asia, Europe, Japan, Africa, and other countries.
Expect to pay on average between $100,000 and $1 million for an excavator depending on the model, size, and the machinery’s power rating.
The top selling construction equipment vary depending on the region of the world, but some of the most common pieces of equipment include backhoes, bulldozers, cranes, and excavators.
Specialized in: hydraulic and excavation machinery
Their heavy construction equipment ranges from wheel loaders, articulated haulers, and cranes to other heavy equipment to choose from; the line of Volvo heavy equipment machinery helps you maximize profit.
The company offers a QuickFit Insurance program that guarantees engine performance for the first 12,000 hours on most Volvo products.
Volvo began selling electric compact wheel loaders and compact excavators in February 2019 and also announced it will no longer produce these machines in diesel engines.
Find a dealer in your area to find the best heavy construction machinery and pricing to meet the needs of your business.
Specialized in: lifting and material handling solutions
The heavy equipment manufacturer produces a variety of cranes, material handlers, trucks, and other machinery.
Terex‘s mission is to provide solutions for its customers and to be the most customer-responsive company in the industry.
They have a vast catalog, as the company has a long history of acquisitions of more than 50 brands since it was founded in 1933 (originally Euclid Company).
Used cranes go between $75,000 to $750,000+ depending on the age, size, specs, and features.
Specialized in: Earthmoving, mining, mobile cranes, tower cranes, concrete technology
Founded in 1949, Liebherr offers a wide range of new and used equipment, with cranes being one of the company’s most sought-after products.
The North American plant headquartered in Newport News, Virginia, produces material handling, cranes, and earthmoving equipment for the construction industry.
Due to the differences in pricing and model specifications, you should contact one of Liebherr’s locations in the United States to learn more about their machinery.
They sell new and used equipment.
Specialized in: agricultural, construction, and forestry machinery
With a selection of loaders, backhoes, dozers, graders, dump trucks, and compact construction equipment.
John Deere offers a “dealer-delivered support solution” approach to maximizing productivity and lower operating costs.
Offering both new and certified pre-owned equipment and construction attachments, John Deere specializes in technology solutions to promote efficiency.
Use this listing to find a product and a dealer to help your construction business work smarter, not harder.
The largest construction equipment manufacturers are Caterpillar and John Deere. These companies have a wide network of dealers and distributors, which gives them a significant advantage over smaller manufacturers.
Specialized in: industrial & construction equipment
The third-largest heavy equipment dealer globally, Sany makes equipment recognized for its value and durability.
Since its founding in 1989, the company built into its equipment more standard features and an “industry-leading” warranty compared to competitors.
You can choose from a product lineup of telehandlers, cranes, forklift trucks, motor graders, and other machinery.
The company reinvests 5 – 7% of its revenue into research and development.
This product catalog lists each model’s specs to include dimensions and operation ranges.
Specialized in: construction equipment
Hyundai‘s heavy equipment division was founded in 1972 and took pride in its pioneering spirit to build machinery that performs.
In addition to loaders, rollers, breakers, and excavators, Hyundai produces special equipment such as material handlers equipped with an outrigger and grappler for on and off-road applications.
One of Hyundai’s ongoing goals is to grow and strengthen its network of dealers.
Specialized in: farm equipment, construction equipment, tractors
Founded in 1890, Kubota is based in Osaka, Japan, with distributors located in the U.S. and more than 130 countries.
The company takes pride in making precision-engineered equipment to meet job demands.
Kubota has a full line of construction equipment such as loaders, backhoes, and excavators.
Customers can build a new Kubota model based on their needs by selecting options such as open or closed cab and other features and choosing an extended warranty plan.
Other Heavy Equipment Manufacturers
|Podemcrane||Cranes and lifting|
|Optimas GmbH||Paving and concrete|
|Fiori Group||Concrete batching vehicles and dumpers|
|Zoomlion||Construction machinery and sanitation equipment|
|Doosan||Excavators, loaders, and diesel engines|
|BOMAG||Machines for all areas of road construction|
How to Make the Right Equipment Purchase
When it comes to buying heavy construction equipment, there are a few things you need to keep in mind to make the right purchase.
First, you need to consider the specific needs of your project.
- What kind of work will the equipment be doing?
- Do you need something that can handle a lot of weight, or do you need something for light-duty work?
Second, you need to think about how much money you’re willing to spend on the equipment.
There’s no point in spending more money than you have to, but at the same time, you don’t want to skimp on quality and end up with something that doesn’t do the job correctly.
Use our list of construction equipment companies to decide which company fits best with your needs and budget.
Third, you need to ensure that you’re getting the right size equipment.
If you’re working on a large construction project, then you’re going to need something that’s much bigger and more powerful than if you’re just doing some light work around the house.
Fourth, you need to take into account the maintenance and repair costs of the equipment.
Over time, all machines will need some maintenance and repairs.
You need to make sure that you can afford these costs before making your purchase.
Finally, you need to think about where you’re going to store the equipment when it’s not in use.
If you don’t have a lot of space, then you might want to consider renting storage space instead of buying the equipment outright.
Keep these factors in mind, and you’ll be sure to make the right purchase when it comes to heavy construction equipment.
Common Uses for Construction And Mining Equipment
Construction and mining equipment are machines used to help with construction projects and mining operations.
Construction equipment includes excavators, bulldozers, and cranes. Mining equipment includes shovels, trucks, and drills.
You can use both types of equipment to move the earth or other materials or clear land. You can use them also to create roads and foundations.
Some of the most common heavy construction equipment are:
- Dump trucks
How to Finance Construction Machinery? With Equipment Financing!
Having the proper equipment on the job site is a game-changer, but the benefits don’t end there.
Your employees are thankful to have the equipment to finish jobs quicker and more efficiently.
And they’re glad you buy machinery from the best heavy equipment manufacturers.
But you may not have the funds to make that purchase a reality.
But that’s what equipment financing is for: so you can buy the equipment your construction business needs.
You may not realize that construction equipment financing provides other immediate advantages.
Improved cash flow
You won’t disturb the existing capital on hand when you finance the purchase of heavy equipment.
That money is safely tucked away for other expenditures or emergency fund usage.
By getting a loan, you can also forecast your cash flow better because you know exactly how much you spend each month to finance the equipment.
Because using heavy equipment can reduce costs (labor, tools, etc.), you can increase earnings immediately.
By having more time and resources, you’re in a position to take on more construction projects.
Contact your tax professional to see how much of the Section 179 Tax Deduction you qualify for when financing equipment from these construction equipment suppliers.
Ask about other expenses that may be tax-deductible, such as the total interest paid on loan.
Increase your credit score
By taking on more debt and paying back the loan on time, you should be able to increase your business credit score.
Likewise, lenders see you as more creditworthy by keeping your credit history in tip-top condition.
They may offer better terms and conditions or extend more credit to you in the future for additional purchases.
Just keep in mind that not all lenders report your payments to credit bureaus.
Keep your collateral
Financial institutions consider the equipment you purchased when taking out a loan as the collateral in most instances. Therefore, there is no need for the lender to require other assets to secure the loan.
Buying the Right Equipment for Your Business
As you can see, there are plenty of high-quality heavy equipment brands to choose from. These companies have been around for decades and also provide support and parts when you need to upgrade or repair the equipment.
When you finance the right equipment with a business loan for your construction company, you take steps toward business growth.
A construction business loan enables you to spread your payments over some time to fit within your budget. You don’t need to dip into your savings account when you finance your heavy equipment purchase.
You probably wonder if you can afford to buy new equipment from these top-heavy machinery companies. There’s no need to guess.
You can use this business loan calculator to calculate the loan payments to buy equipment and know within a few seconds how much you’ll pay each month in principal and interest.
Who is the biggest construction equipment, manufacturer?
The biggest construction equipment manufacturer is Caterpillar Inc., with over $50 billion; Caterpillar is the largest company globally, leading the construction equipment sales in the United States.
Who is Caterpillar’s biggest competitor?
Caterpillar’s biggest competitor is Deere & Company. Deere manufactures agricultural, construction, and forestry equipment. It also provides financial services and other related products and services. Some of Caterpillar’s other competitors include Volvo Construction Equipment, Hitachi Construction Machinery, Komatsu Ltd., Terex Corporation, and Liebherr Group.
What company makes construction vehicles?
Volvo, Caterpillar, Komatsu, JCB, and Terex are construction vehicle companies.