Mining - Top 10 Mining Equipment Manufacturers in the World in 2021 by Revenue (2024)

Showing 10 out of 22 companies.

Caterpillar Inc, AB Volvo, Tata Motors Ltd, Komatsu Ltd, and CNH Industrial NV are the top 5 mining equipment manufacturers in the world in 2021 by revenue. Cumulatively, the top 10 mining equipment manufacturers in the world generated revenue of $235,990 million, with average revenue growth of 5.3%, the highest revenue was generated by Caterpillar Inc ($50,971 million), followed by AB Volvo ($43,394 million) and Tata Motors Ltd ($37,714 million), while the lowest revenue was registered by Doosan Corp ($11,541 million). The highest revenue growth was registered by CNH Industrial NV (32.5%), followed by Caterpillar Inc (22.1%), and the lowest revenue increase was registered by Korea Shipbuilding & Offshore Engineering Co Ltd (3.9%). Doosan Corp reported a decline in its revenues by 22.2%. In terms of the geographical split, 5 out of the world’s top 10 equipment manufacturers are based in Asia, while 4 are based in Europe, and the remaining 1 is based in North America. They employed a total of 563,072 people in 2021. The United States of America-based Caterpillar Inc is the leading equipment manufacturer in the world by revenue. The company reported revenues of $50,971 million for the fiscal year ended December 2021 (FY2021), an increase of 22.1% over FY2020, due to lower provision for credit losses at Cat Financial. The company is a manufacturer of construction, transportation, and energy equipment. It designs, manufactures, markets, and sells construction and mining equipment, industrial gas turbines, forestry equipment, diesel-electric locomotives, and diesel and natural gas engines and employs 107,700 people. Komatsu Ltd (Komatsu) is another leading mining equipment manufacturer in the world by revenue. Komatsu manufactures construction, mining, and utility equipment and distributes industrial machinery and vehicles. Komatsu operates its business through three segments: Construction, Mining, and Utility Equipment; Industrial Machinery and Others; and Retail Finance. Geographically, the company reports revenue through six regions namely, China, Asia and Oceania, Europe and CIS, Japan, the Middle East and Africa, and the Americas.

Mining - Top 10 Mining Equipment Manufacturers in the World in 2021 by Revenue (2024)

FAQs

Mining - Top 10 Mining Equipment Manufacturers in the World in 2021 by Revenue? ›

Caterpillar. Caterpillar Inc. is an American Fortune 100 corporation that manufactures machinery, engines, financial products, and insurance to customers via a worldwide dealer network. They are also the largest construction and mining equipment manufacturer in the world.

Who is the largest manufacturer of mining equipment? ›

Caterpillar. Caterpillar Inc. is an American Fortune 100 corporation that manufactures machinery, engines, financial products, and insurance to customers via a worldwide dealer network. They are also the largest construction and mining equipment manufacturer in the world.

What are the big 4 mining companies? ›

List of largest mining companies by revenue
No.CompanyRevenue (billion US dollars)
1Glencore255.98
2Jiangxi Copper70.99
3BHP60.28
4Rio Tinto50.55
6 more rows

What is the most profitable mining company? ›

In this article, we will explore some of the top mining companies in the world to invest in based on their revenue, earnings and market cap.
  1. Glencore. Revenue: $255.98 billion. ...
  2. Rio Tinto PLC. Revenue: $54.04 billion. ...
  3. BHP Group. Revenue: $53.81 billion. ...
  4. China Shenhua Energy. ...
  5. Vale. ...
  6. Zijin Mining. ...
  7. Anglo American. ...
  8. Nutrien.
May 24, 2024

What are the largest mining companies in the world by market cap? ›

Showing 10 out of 100 companies. BHP, Rio Tinto, Glencore Plc, Vale SA, and China Shenhua Energy Co Ltd are the top 5 mining companies in the world in 2022 by market cap (as of December 31, 2022).

What company makes the best mining equipment? ›

Caterpillar (USA): A global icon, Caterpillar reigns supreme in surface mining with a vast portfolio of excavators, haul trucks, and dozers. Their commitment to R&D ensures their technology remains at the forefront. 2. Komatsu Ltd.

Who is the biggest heavy equipment manufacturer in the world? ›

The United States of America-based Caterpillar Inc is the major construction equipment manufacturer in the world (by revenue). The company reported revenues of $50,971 million for the fiscal year ended December 2021 (FY2021), an increase of 22.1% over FY2020, due to lower provision for credit losses at Cat Financial.

What mining company is backed by Jeff Bezos? ›

Bill Gates and Jeff Bezos made a bet on mining startup KoBold—now they've struck gold. Microsoft founder Bill Gates' venture firm has backed mining unicorn KoBold Metals, which has discovered a huge copper deposit.

Who is the richest mining? ›

25 Richest Billionaires in Metals and Mining Industry
  • Zheng Shuliang. ...
  • Alisher Usmanov. ...
  • Dang Yanbao. ...
  • Lakshmi Mittal. Net Worth: $16.2 Billion. ...
  • Andrew Forrest. Net Worth: $18.5 Billion. ...
  • Andrey Melnichenko. Net Worth: $19 Billion. ...
  • Vladimir Potanin. Net Worth: $23.7 Billion. ...
  • Alexey Mordashov. Net Worth: $25.4 Billion.
May 6, 2024

What is the best mining company to invest in? ›

What are the best mining stocks to invest in? The best mining stocks to invest in are Barrick Gold, Rio Tinto, and BHP Group. These mining giants have low-cost operations, they focus on precious or industrial metals, and they have strong balance sheets.

Which mining machine is best for profitability? ›

The Bitmain Antminer S21 Hyd 335T is the most profitable Bitcoin mining machine currently, followed by the Canaan Avalon Made A1266, and MicroBit Whatsminer M50S. If you want to mine other cryptocurrencies, the Bitmain Antminer KS3, Bitmain Antminer D9, and Bitmain Antminer K7 are all solid choices.

Who makes the most money in the mines? ›

HIGHEST PAYING JOBS IN MINING
  • PROJECT DIRECTOR/DRILLING OPERATIONS DIRECTOR. ...
  • MINING ENGINEER. ...
  • MINE MANAGER. ...
  • GEOLOGISTS & GEOSCIENTISTS. ...
  • PROJECT MANAGERS AND CONSULTANTS. ...
  • METALLURGISTS. ...
  • GEOPHYSICISTS. ...
  • OCCUPATIONAL HEALTH SAFETY AND ENVIRONMENTAL PROFESSIONALS.

What is the most profitable mining right now? ›

This list contains the name of the top most profitable crypto assets and the reasons to invest in them.
  • Bitcoin.
  • Ethereum.
  • Ravencoin.
  • LiteCoin.
  • ECOS.
  • Vertcoin.
  • ZCash.
Jun 7, 2024

What are the largest mining companies in 2024? ›

Top mining companies worldwide

Based on market capitalization in 2024, BHP, Rio Tinto, and Southern Copper Corporation were the three leading mining companies in the world.

Which mineral mining is most profitable? ›

Some of the most profitable miners typically are in industries such as:
  • Gold Mining. ...
  • Copper Mining. ...
  • Rare Earth Metals. ...
  • Iron Ore. ...
  • Coal. ...
  • Profitable Miners. ...
  • Profitability in the Mining Industry.
Jul 5, 2023

What company owns the most gold mines? ›

Newmont was the largest of the top gold-mining companies in 2023. The firm holds significant operations in North and South America, as well as Asia, Australia and Africa.

Who makes heavy mining machines? ›

Tata Hitachi Construction Machinery (THCM) has been at the forefront of providing complete solutions to the Mining Industry from the early years.

What are the largest mining technology companies? ›

Top 10 Mining Equipment Manufacturers in the World in 2021 by Revenue
  • Deere & Co. Industrial Goods and Machinery. ...
  • Tata Motors Ltd. India. ...
  • AB Volvo. Sweden. ...
  • Komatsu Ltd. Japan. ...
  • CNH Industrial NV. United Kingdom. ...
  • Scania AB. Sweden. Automotive. ...
  • Doosan Corp. South Korea. Conglomerate. ...
  • Liebherr-International AG. Switzerland. Construction.

What is the largest mining industry in the world? ›

Australia is the world's top mining nation overall. It is the largest producer of bauxite, iron ore and lithium and a top global producer of coal, aluminum, copper, gold, manganese, nickel, silver, uranium, and zinc.

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