25 August 2021
SANY Moves Up on Global List of OEMs
SANY has moved up to number 4 (from number 5) on KHL’s Yellow Table of the World’s Top 50 Construction Equipment Manufacturers. This is SANY’s highest-ever ranking on the table and can be attributed to an almost 40% increase in sales from $10.9 billion in 2019 to $14.4 billion in 2020. Excavator sales in particular showed a large increase and was one of the biggest contributors to SANY’s impressive growth.
While construction equipment sales reached a record high in 2019, that was before the COVID-19 pandemic took hold, and there was some worry as to how it would affect the overall industry. But the industry has been quite resilient – mainly because construction work was deemed “essential” from the get-go – and SANY took full advantage to further establish themselves as a leader in the industry.
As countries’ economies start to rev back up, SANY could see their record pace extend through 2021 as they continue to leverage their models, technologies and processes into even greater advantages within the industry.