The largest manufacturers of heavy construction equipment are located in the United States, Japan, Germany, France and the United Kingdom. Whereas the second largest and less competitive manufacturers of heavy construction equipment are found in Canada, China, Russia, Latin America, South Korea, Italy, Belgium and Sweden. Yet this position can shift easily with today’s ever changing market trends and with developing countries being able to attract heavy construction equipment manufacturers by offering low material and labor costs.
The global demand of heavy construction equipment is widespread and on a large-scale of production with almost thirty percent entering the foreign market every year. This market has been defined by the major flows among the already developed countries and by the large-scale importing by the developing countries with little domestic production.
Next to the United States, Japan has been the dominant net exporter of heavy construction equipment with Germany and the United Kingdom following close behind. The United States is also a major importer of heavy construction equipment, importing in ample amounts and running a moderate sized...
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