In 2012, Caterpillar had a market share of 7% in the excavator manufacturing industry. In comparison, Sany, Komatsu (KMTUY), and Hitachi had market shares of 14%, 8%, and 7%, respectively. Based on market share figures provided by Hong Kong Tengyuan YTD (year-to-date) in 2016, Caterpillar’s share in the industry doubled to 14%. Sany still maintains a decent lead over Caterpillar with a market share of 19%. Hitachi and Komatsu have each lost shares by 1 percentage point.