The largest mechanical engineering companies in the world
The largest mechanical engineering companies in the world
Rank 35: Sumitomo Heavy Industries. The Japanese mechanical engineering company achieved sales of around 6.9 billion US dollars in 2024 (2023: 6.995 billion US dollars, 2022: 5.71 billion US dollars). The product range extends from injection moulding machines to laser systems and manufacturing plants for liquid crystals. The company improved by two places.Sumitomo Heavy Industries
Rank 34: Bosch (Industrial Technology).
With the Industrial Technology segment and 2024 sales of the equivalent of 6.91 billion US dollars (2023: 7.7688 billion US dollars, 2022: 7.46 billion US dollars), Bosch reaches the 34th rank among the largest mechanical engineering companies in the world.Bosch
Rank 33: Exyte
The industrial plant provider from Renningen secures the 33rd rank among the largest mechanical engineering companies worldwide with sales of the equivalent of 7.67 billion US dollars (2023: 7.904 billion US dollars, 2022: 7.96 billion US dollars).AMD
Rank 32: Nordex. The German manufacturer of wind turbines from Germany makes it into the top 35 mechanical engineering companies worldwide with sales in 2024 of the equivalent of 7.88 billion US dollars (2023: 6.7496 billion US dollars, 2022: 6.12 billion US dollars).Ulrich Mertens, Atelier für Kunst und Fotografie
Rank 31: Dover.
The Dover Corporation is an American industrial goods company. It was formed in 1955 by the merger of four independent mechanical engineering companies. Today, Dover is active in various fields, including pumps and air conditioning technology. In 2024, sales amounted to 7.96 billion US dollars, which is enough for the 31st rank among the world's largest mechanical engineering companies. In 2023, it was 8.5 billion US dollars (2022: 8.54 billion US dollars).Dover
Rank 30: Rockwell. Rockwell Automation is an American manufacturer of automation and information solutions for industrial production. The company is headquartered in Milwaukee, Wisconsin, and produces, among other things, programmable logic controllers (PLCs), industrial software, electric drive systems, and frequency converters. It supports industrial networks such as EtherNet/IP and ControlNet and is active in over 80 countries. In 2024, sales amounted to 8.09 billion US dollars, which is enough for the top 30 of the largest mechanical engineering companies in the world.Алина Бузунова - stock.adobe.com
Rank 29: Hitachi Construction Machinery.
The Japanese are among the largest construction machinery manufacturers in the world with sales of 8.61 billion US dollars (2023: 9.088 billion US dollars, 2022: 6.86 billion US dollars). Among the mechanical engineering companies, it ranks 29th among the largest 35 mechanical engineering companies.Messe München
Rank 28: Andritz.
Austria's largest mechanical engineering company is represented worldwide among the largest mechanical engineering companies with sales of around 8.98 billion US dollars (2023: 9 billion US dollars, 2022: 9.95 billion US dollars). The company manufactures and supplies plants and equipment for hydropower plants, the pulp and paper industry, the metal processing industry, and the steel industry. Andritz, headquartered in Graz, also supplies plants for animal feed and biomass pelleting.JHVEPhoto - stock.adobe.com
Rank 26: IHI Corporation.
The IHI Corporation is headquartered in Kōtō, Tokyo, Japan, and employed around 27,990 people at the end of the 2024 financial year. The company produces, among other things, aircraft engines, turbines, industrial machines, ships, tunnel boring systems, and components for nuclear power plants. IHI is active in several industrial sectors, including mechanical engineering, power generation, and infrastructure technology. In 2024, sales amounted to the equivalent of 10.6 billion US dollars.IHI Corporation
Rank 25: Oshkosh.
With 2024 sales of 10.76 billion US dollars (2023: 9.9 billion US dollars, 2022: 8.28 billion US dollars), Oshkosh makes it into the top 25 of the largest mechanical engineering companies in the world. The US company specializes in large commercial vehicles: airport fire trucks, snow removal vehicles for airfields, and military vehicles. Through other group brands, Oshkosh also produces aerial work platforms, crawler tracks, fire trucks, and cranes.Oshkosh
Rank 24: Sany Heavy Industries. The Sany Group was founded in 1989. The mechanical engineering company, headquartered in Changsha, China, manufactures construction machinery, including excavators, cranes, and wind turbines. According to the Forbes list, 2024 sales amounted to 10.83 billion US dollars (2023: 10.2 billion US dollars, 2022: 11.39 billion US dollars).raja – stock.adobe.com
Rank 23: Sandvik. Sandvik is one of the largest industrial companies in Sweden. The company is active in mechanical and tool engineering as well as in the production of special steel. It is named after the Swedish town of Sandviken, where it was founded. Today, the headquarters is in Stockholm. Sales of 11.58 billion US dollars (2023: 11.7 billion US dollars, 2022: 11.39 billion US dollars) also bring Sandvik into the top 25 of the largest mechanical engineering companies in the world in 2024.Sandvik
Rank 22: AGCO.
With 38 production sites and 41 pre-assembly plants on six continents, ACGO is one of the largest manufacturers of tractors and agricultural machinery. The US company achieved sales of 11.7 billion US dollars in 2024 (2023: 14 billion US dollars, 2022: 13.3 billion US dollars). In Germany, the Fendt brand is part of the AGCO group.4 Flow /AGCO
Rank 21: XCMG Construction Machinery.
The Chinese company ranks 21st among the world's largest mechanical engineering companies with 12.42 billion US dollars (2023: 12.92 billion US dollars) in sales. In 2022, sales amounted to 11.91 billion US dollars. The construction machinery group produces trucks, cranes, and earthmoving machines.NATTAWIT KHOMSANIT
Rank 20: Kion.
The equivalent of 12.44 billion US dollars (2023: 11.88 billion US dollars) in sales was achieved by the German number three among German mechanical engineering companies. In the global competition, Kion ranks 20th. In 2022, sales amounted to 11.63 billion US dollars.Kion Group
Rank 19: Schindler Holding.
Schindler Holding AG is headquartered in Hergiswil, Switzerland. In 2024, the company employed around 69,000 people worldwide. Schindler produces and maintains lifts, escalators, and moving walkways and is represented in over 100 countries with more than 1,000 branches. In 2024, the company achieved sales of 12.7 billion US dollars.Schindler Holding
Rank 18: Doosan.
The Korean company is known for its material handling equipment. In 2024, it achieved sales of the equivalent of 13.3 billion US dollars (2023: 14.6 billion US dollars, 2022: 13.74 billion US dollars).DIV
Rank 17: Kawasaki Heavy Industries.
With 13.38 billion US dollars (2023: 12.8 billion US dollars), Kawasaki HI achieved the 18th rank among the largest mechanical engineering companies in the world in 2024 (2022: 12.61 billion US dollars). The Japanese company produces industrial plants and systems for aviation in addition to the well-known motorcycles.Kawasaki
Rank 16: Liebherr Group. The company, headquartered in Switzerland, achieved sales of the equivalent of 15.8 billion US dollars in 2024 (2023: 14.603 billion US dollars, 2022: 13.52 billion US dollars). It primarily manufactures construction machinery. Household appliances contribute a smaller part to sales.Liebherr
Rank 15: ITW - Illinois Tool Works.
ITW is an American company headquartered in Glenview, Illinois. The ITW group includes around 825 subsidiaries in 56 countries. In 2024, sales amounted to 15.9 billion US dollars (2023: 16.1 billion US dollars, 2022: 16.01 billion US dollars). ITW's main sales come from the automotive industry, followed by the construction and food industries.ITW Befestigungssysteme
Rank 14: Atlas Copco.
Atlas Copco's sales in 2024 amounted to 16.72 billion US dollars (2023: 16.6 billion US dollars). (2022: 14.54 billion US dollars). This brings the Swedish company to the 14th rank among the world's largest mechanical engineering companies.Atlas Copco
Rank 13: Nidec.
The Nidec Corporation is headquartered in Kyōto, Japan, and employed 104,285 people worldwide as of 31 March 2025. The company produces precision motors, automotive motors, industrial drives, household appliance motors, as well as electronic and optical components. Nidec is organised into over 300 subsidiaries and is one of the world's largest manufacturers of electric motors. Among other things, there is a production facility in Thuringia. In 2024, sales amounted to 17.1 billion US dollars worldwide.Nidec
Rank 11: Alstom. Alstom is headquartered in Saint-Ouen-sur-Seine, France, and employs around 86,000 people. The company produces high-speed trains, metros, trams, signalling technology, as well as complete rail infrastructure and mobility systems. Alstom is active in over 60 countries and is one of the largest manufacturers of rail vehicles. In 2024, sales amounted to 19.46 billion US dollars, ranking 11th among the largest mechanical engineering companies in the world.Anne Friedrich
Rank 10: CNH Industrial.
The British company is the tenth largest mechanical engineering company worldwide with sales of 19.84 billion US dollars (2023: 24.2 billion US dollars, 2022: 24.28 billion US dollars). However, the sales decline in 2024 was enormous, at one-fifth.CNH Industrial
Rank 9: Parker Hannifin.
The US mechanical engineering company from Cleveland, Ohio, ranks ninth. It is one of the largest companies in the world in motion control technologies, including aerospace, air conditioning, electromechanics, filtration, fluid and gas transport, hydraulics, pneumatics, process control, as well as sealing and shielding. The number nine among the largest mechanical engineering companies achieved worldwide sales of 19.91 billion US dollars in 2024 (2023: 19.8 billion US dollars, 2022: 18.16 billion US dollars).Parker Hannifin
Rank 8: Komatsu. The Japanese are known for their construction machinery. In 2024, they achieved sales of 26.59 billion US dollars (2023: 26.8 billion US dollars). In 2022, it was 26.25 billion US dollars.Messe München
Rank 7: Daikin.
The mechanical engineering company from Japan primarily manufactures air conditioning and ventilation systems. Daikin also offers hydraulic technology. In 2024, this brought in 31.19 billion US dollars (2023: 30.4 billion US dollars, 2022: 28.84 billion US dollars).Daikin
Rank 6: Mitsubishi Heavy Industries. The Japanese group ranks sixth with 2024 sales of 32.64 billion US dollars (2023: 32.2 billion US dollars, 2022: 31.57 billion US dollars). In the picture: UniCarriers Forklift MXS Series.Hand-out
Rank 5: ABB. The Swiss automation company achieved sales of the equivalent of around 32.92 billion US dollars in 2024, slightly increasing its sales compared to 2023 with 32.3 billion US dollars. This brings ABB to the fourth rank among the largest mechanical engineering companies in the world.ABB
Rank 4: Siemens Energy.
Germany's number two among mechanical engineering companies ranks fourth internationally among the largest mechanical engineering companies in the world, despite economic difficulties. In 2024, sales of 36.68 billion US dollars contributed to this (2023: 32.368 billion US dollars, 2022: 31.18 billion US dollars).Siemens AG
Rank 3: Siemens.
Only with its machinery and plant division, Siemens achieved sales of the equivalent of around 41.58 US dollars in 2024. (2023: 26.24 billion US dollars, 2022: 24.46 billion US dollars). This makes the Munich-based company one of the three largest mechanical engineering companies in the world.Siemens
Rank 2: John Deere.
The US agricultural and construction machinery manufacturer holds its second place with sales of 48.05 billion US dollars. In 2023, it was still 58.6 billion US dollars and in 2022 around 55.63 billion US dollars - the sales decline is therefore enormous. John Deere (Deere & Company) is headquartered in Moline, Illinois, USA. As of 31 December 2024, the company employed around 75,000 people worldwide. The special feature: The Americans' construction machinery (in the picture a wheel loader 904 P-Tier) is painted yellow, the agricultural machinery green.John Deere
Rank 1: Caterpillar. As in previous years, Caterpillar can also maintain its first place in 2024 with 64.81 billion US dollars (2023: 63 billion US dollars). The manufacturer of construction machinery achieved 1.8 billion US dollars more than in 2023 (2022: 61.7 billion US dollars). Caterpillar is headquartered in Irving, Texas, USA. The company moved its headquarters from Peoria, Illinois, to Irving in 2022. As of 31 December 2024, Caterpillar employed 112,900 people worldwide.Caterpillar