Construction Machinery
Everyone is saying that the construction machinery industry was extremely hot in the first half of this year, but how hot, and to what extent, many people still don't understand. Below, the Construction Industry Information Network uses data to tell everyone just how hot the construction machinery industry has become! In the first half of 2018, the total sales of 18 international construction machinery manufacturers worldwide amounted to US$47.685 billion, a sharp year-on-year increase of 27.37%, with operating profit of US$6.286 billion, up 55.29% year on year. In the first half of 2018, among the 18 companies, except for Astec, whose sales declined slightly year on year, all other companies maintained sales growth, with most companies achieving double-digit sales growth. Among them, the five companies with the largest sales growth included Deere, Linamar, Caterpillar, CNH and Oshkosh Corporation, with growth rates of 72.60%, 59.92%, 31.83% and 28.56% respectively.
From the perspective of operating profit, in the first half of 2018, among the 18 companies, except for Cargotec and Astec, whose operating profit declined, all other companies achieved substantial growth in operating profit compared with the same period last year. Among them, the five companies with the largest operating profit growth included Manitowoc, CNH Industrial, Terex, Linamar (Skyjack) and Deere, with growth rates of 360.00%, 237.50%, 139.73%, 106.49% and 96.62% respectively.
In the first half of 2018, both sales and operating profit of Caterpillar's construction machinery-related business achieved substantial growth, rising to US$16.684 billion and US$3.060 billion respectively. Its sales increased by about US$4 billion year on year, and operating profit grew by 70.66%. Deere, which completed the acquisition of the Wirtgen Group, delivered a very eye-catching performance in the first half of the year, with both sales and operating profit achieving substantial growth, up 72.60% and 96.62% year on year respectively, to US$5.069 billion and US$734 million.
In the first half of 2018, the average operating margin of the 18 international construction machinery manufacturers from Europe, the United States and South Korea was 13.18%, up 2.4 percentage points from the same period last year. Among them, the five companies with the highest operating margins were Linamar, Epiroc, Caterpillar, Sandvik and Volvo Construction Equipment, with operating margins of 19.92%, 18.40%, 18.34%, 16.14% and 14.48% respectively. Meanwhile, companies such as Linamar, Manitowoc, CNH Industrial, Caterpillar, Terex and Bauer Maschinen all achieved substantial increases of more than 3 percentage points in operating margin compared with the same period last year.