New construction equipment is more readily available as production has stabilized since 2021 and 2022. Nearly 135,000 new pieces of construction equipment were financed in the United States in 2023, according to Fusable’s latest EDA equipment finance data, a 2.7% increase from the 131,262 new machines financed in 2022.
While 2023 sales started off slower than 2021 and 2022, 2023 saw more units per month sold from August through December than the previous two years. Texas, Florida and California had the most buyers of new financed equipment during the year.
Accounting for 21.5% of total sales, Caterpillar maintained its position at the top of the charts, while Kubota held on to its second-place position. Bobcat edged out Deere to move into the No. 3 spot, and Komatsu held onto its fifth-place ranking year-over-year. There was no movement in positions 6-10, held by Case CE, Takeuchi, Volvo CE, New Holland and Sany.
Here are the top construction equipment manufacturers in the U.S. in 2023 by new financed sales:
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