China to Remain Leading Consumer of Construction Equipment, Says TMR
According to Transparency Market Research (TMR), the competitive landscape of the global construction equipment market is heavily consolidated, with the top three players - Caterpillar Inc., Komatsu Ltd., and Hitachi Construction Machinery - accounting for around 50% of the market. Caterpillar, the global leader, has made technological leadership a priority, along with strategic mergers and acquisitions to expand its overall portfolio.
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