World's top 200 revealed

摘要

The world in which we are currently living - a world with Covid-19, social distancing, mask wearing, and a majority of economies all around the world experiencing negative growth - is vastly different to the one that we enjoyed and took for granted in 2019. Last year was another positive one for the construction industry; for instance in May's Yellow Table, the ranking of the world's top 50 construction equipment OEMs by sales, it was revealed that sales reached US$202.7 billion, the first time that the figure had reached over US$200 billion. Construction equipment sales around the world were thought to be reaching their cyclical peak in 2019, with a small decline predicted - this was before Covid-19 - for 2020, but only by a couple of percentage points. The figures of the ICON Top 200 also reflect this positive year for construction. The total sales figure generated by the 200 contractors on the list is US$1.744 trillion - a strong increase from the last list, which had sales of US$1.677 trillion. China-based contractors continue their dominance of the upper echelons of this list. The Belt and Road Initiative continues to spread across the world - with Chinese contractors attached to these projects it really is a major driver of growth for those involved.