11 Largest Heavy Equipment Manufacturers in the World

2. Deere & Co (NYSE:DE)

Revenue (FY2023): $61,251,000,000 

With an annual revenue of over 61.25 billion for 2023 (a 16% increase from 2022), Deere & Co. positions itself as the second-largest heavy equipment manufacturer in the world as of 2024. Headquartered in Moline, IL, Deere & Company, is an American corporation founded in 1837. The company manufactures a wide range of products including agricultural machinery, heavy equipment, forestry machinery, diesel engines, drivetrains used in heavy equipment, and lawn care equipment.