European construction publisher KHL’s annual ranking of the construction equipment industry has shown a 16.2% drop in market revenue.

The report titled the Yellow Table has shown the lowest numbers since 2009 when sales fell to $109 billion. The 16.2% drop means revenues for 2016 settled at around $133 billion for the year. The drops in revenue have been consistent since they bottomed out in 2009.

“The most striking impact of this market trend was seen among China’s largest construction equipment manufacturers,” says KHL.

The company had made findings that all Chinese companies had fallen in their rankings with Shantui having the hardest time, dropping seven places to rank no. 28. XCMG was the only Chinese manufacturer to remain in a top ten position. British company JCB experienced a better year, making a top ten finish for the first time while Korean Manufacturer Doosan Infracore moved up to the 8th spot.

Market dominators Caterpillar and Komatsu have retained positions one and two, taking with them a total of 28.6 of the total market share. Komatsu has now ranked no. 2 ranks for the 14th year straight. Terex and Hitachi exchanged positions 3 and 4, while Switzerland-based Liebherr took the No. 5 spot, leaving Volvo CE one position behind at No. 6.

KHL did note that “there’s not much difference in revenue terms between Terex, Hitachi, Liebherr, Volvo and John Deere, which occupy positions No. 3 through No. 7. It’s fairly common to see them shuffle about like this.”

Here’s a look at the world’s top ten construction equipment manufacturers, according to KHL:

The full annual Yellow Table will be published in the April 2016 issue of International Construction magazine.

KHL 2016 Yellow Table: Construction Equipment Market Dropped 16.2 %
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KHL 2016 Yellow Table: Construction Equipment Market Dropped 16.2 %
European construction publisher KHL has released the 2016 rankings of the world’s largest construction equipment manufacturers in the Yellow Table, showing a 16.2% drop in construction equipment.
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