Machinery and equipment play a significant role in the process of industrialization and urbanization and are used in a wide scope of applications ranging from construction, real estate, and mining to transport, energy and utilities, and agriculture.
The construction, mining, and oil and gas industries are the largest consumers of equipment and machinery, with growing demand stemming from companies within the real estate and infrastructure, coal, power generation and distribution, oil and gas, and mining sectors. Industrial and commercial applications of various types of equipment and machinery such as wheel excavators, motor graders, earth movers, drilling equipment, brick-making machineries, tunneling equipment, hydraulic excavators, wheel dozers, forklifts, demolition machineries, road construction equipment, and cement mixers fuel the global and domestic markets.
The most prominent players engaged in the equipment industry include Caterpillar Inc., Doosan Infracore Ltd., Hyundai Heavy Industries Co. Ltd., Volvo Construction Equipment AB, Terex Corporation, Komatsu Ltd., JCB Ltd., Sany Heavy Industries Co. Ltd., Hitachi Construction Machinery Co. Ltd., CNH Global N.V., Xuzhou Construction Machinery Group Co. Ltd., Deere & Company, and Liebherr-International AG.
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