Innovation & IP Asset Consulting
Convergence for divergent trends

Construction machine industry is dominated by China

Munich, April 2013: Chinese companies take over the top position in the construction industry says a study by the consultant agency Oliver Wyman. Caterpillar, Komatsu, Hitachi, Volvo and Liebherr are the largest companies in this field. However, taken together Chinese companies have the largest market share. In 2020 three Chinese companies will be in the group of the top five players. Moreover, Prof. Thomas Bauer, CEO of the Bauer Group and head of the German Construction Industry Federation has recently warned to underestimate the technical skills of Chinese engineers.