Construction equipment manufacturers Caterpillar, Hitachi and Komatsu dominate the market, with around 50% between them, according to Transparency Market Research. The report also found that in some countries there is a lack of transparency about who owns which companies, leading to concerns over conflicts of interest.
Construction equipment manufacturers Caterpillar, Hitachi and Komatsu dominate the market, with around 50% between them, according to Transparency Market Research. The industry is benefiting not only from steady demand for urban infrastructure in developing nations, including China, India, Brazil and South Africa, but also the improved technology of the construction equipment products manufactured.