Market Share of Canada Construction Equipment Industry
Major companies, such as Komatsu Ltd., Liebherr Group, J C Bamford Excavators Ltd., AB Volvo, and Others, dominate the Canadian construction equipment market. The major players in the market are focusing on improving their product portfolios to widen their customer base. Some other key players aim to expand their presence in the market through acquisitions, mergers, and collaborations with other companies. For instance,
- In July 2023, North American Construction Group Ltd. made an official announcement regarding its definitive purchase and sale agreement to buy the MacKellar Group. It includes its heavy construction equipment fleet for an estimated sum of USD 395 million.
- In January 2023, Volvo Construction Equipment (Volvo CE) introduced its Collision Mitigation System for Volvo Wheel Loaders. This automatic braking feature supports operator response and helps to reduce the risk or consequences of collision when working in reverse.
Canada Construction Equipment Market Leaders
Caterpillar Inc.
Liebherr Group
Komatsu Ltd.
AB Volvo
J C Bamford Excavators Ltd
*Disclaimer: Major Players sorted in no particular order
