What Hyundai Everdigm does

Hyundai Everdigm is South Korea's only comprehensive heavy equipment manufacturer, founded in 1994 as a spin-off from Daewoo Heavy Industries and listed on the KOSDAQ exchange since 2003. Since 2015, it has operated as part of the Hyundai Department Store Group (현대백화점그룹). The company designs, manufactures, and sells a portfolio of approximately 240 product models spanning concrete pump trucks (boom, line, and trailer pumps), tower cranes (hammerhead and luffing types), hydraulic attachments (breakers, pulverizers, crushers, grabs, tiltrotators), crawler hydraulic rock drills, fire trucks (including Korea's first domestically developed 68m articulated aerial ladder), generators, and military special vehicles. Its technology stack is anchored by proprietary systems such as a 3-axis turntable ring gear control system, a Load Sensing drill system delivering approximately 10% fuel efficiency gains, and a wireless remote-controlled unmanned rock drill platform (T500 Pro R), with an R&D intensity that has grown at an average 15% annually over the past decade and a portfolio of 274+ patents and design registrations (97 patents and 65 designs domestically; 16 patents and 51 designs overseas).

The company monetizes through direct hardware sales to enterprise construction firms, government/defense agencies (Korean Army, Korea Hydro & Nuclear Power, Vietnam and Iraq fire authorities), and a global dealer network covering 90 countries with 150+ network points and six wholly-owned overseas subsidiaries in the USA, China, Mongolia, Belgium/Netherlands, and Panama. Pricing is quote-based rather than list, reflecting project-driven, large-ticket B2B contracts; representative deal sizes include a ₩231 billion Vietnam fire truck contract (2017) and a ₩1,353 billion Iraq Ministry of Interior fire equipment contract (2025) representing 38% of 2024 revenue. Revenue streams include heavy equipment manufacturing/sales, fire and safety vehicles, military special vehicles, used equipment trading, and aftermarket parts via the EverParts Mall e-commerce platform. Full-year 2024 revenue reached ₩3,551 billion (approximately USD 2.6 billion at prevailing exchange rates), placing Hyundai Everdigm among the larger mid-cap industrial manufacturers on KOSDAQ.

Name

Hyundai Everdigm

Legal name

주식회사 에버다임

Website

https://hyundaieverdigm.com

Company type

Public

Founded year

1994

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Hyundai Everdigm is South Korea's only comprehensive heavy equipment manufacturer, producing concrete pumps, tower cranes, hydraulic attachments, rock drills, fire trucks, military vehicles, and generators for construction, mining, fire safety, and defense customers in approximately 90 countries.

Ownership category

akta.pro rank

Product category

Heavy Equipment Manufacturing

NAICS

Motor Vehicle Body and Trailer Manufacturing (3362), Motor Vehicle Parts Manufacturing (3363)

SIC

Miscellaneous Transportation Equipment (3790), Motor Vehicle Parts & Accessories (3714)

akta.pro primary industry

Truck Body & Upfit Manufacturing (Box/Dump/Service/Refuse) (IMACAGAC)

akta.pro secondary industries

Mining & Quarry Haulage Vehicle Manufacturing (Dump Trucks/Haulers) (IMACAFAC), Military & Tactical Off-Highway Vehicles (Armored, Tactical Mobility) (IMAHAIAJ), Municipal & Public Works Specialty Vehicles (Street Sweepers, Sewer Jetters) (IMAHAIAI)

Keywords

• Heavy equipment manufacturing
• Construction machinery
• Concrete pump trucks
• Fire fighting vehicles
• Mining equipment

Headquarters

HQ city

Chungbuk

HQ country

South Korea

HQ region

Asia

Offices10 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Heavy Equipment Manufacturing & Sales: Core revenue from manufacturing and selling construction machinery including concrete pump trucks, tower cranes, hydraulic attachments, rock drills, rock tools, generators, and related equipment. Products sold through global dealer network.
2. Fire & Safety Vehicles: Manufacturing and sales of fire trucks, specialized fire safety vehicles, and disaster response equipment for government and commercial customers.
3. Military Special Vehicles: Production of military trucks and special vehicles for defense sector, including 4-wheel drive military trucks supplied to Korean Army.
4. Parts & Aftermarket: Sales of spare parts through EverParts Mall (에버파츠몰) e-commerce platform for maintenance and repair of equipment.
5. Used Equipment: Trading and sales of used construction equipment.

Go-to-market motion2 records

Distribution channels5 records

Marketing channels6 records

Core offering

Hyundai Everdigm manufactures and sells a comprehensive range of heavy equipment including concrete pump trucks, tower cranes, hydraulic attachments (breakers, pulverizers, grabs), crawler hydraulic rock drills, rock tools, diesel generators, fire trucks, and military special vehicles. The company also distributes spare parts through its EverParts Mall e-commerce platform and trades used construction equipment, serving construction, mining, fire safety, disaster response, and defense customers across approximately 90 countries.

Product overview

Hyundai Everdigm is Korea's only comprehensive heavy equipment manufacturing company, producing a wide range of construction, mining, disaster response, and defense equipment. The product portfolio includes concrete pump trucks (boom pumps, line pumps, trailer pumps), tower cranes (hammerhead and luffing types), hydraulic attachments (breakers, pulverizers, crushers, grabs, tiltrotators), crawler hydraulic drills/rock drills, fire trucks (ladder trucks, articulating boom trucks, pump trucks, water supply vehicles, rescue vehicles), rock tools, generators, and military special vehicles. The company also offers a special disaster prevention systems category and used equipment sales. Service offerings include an online parts mall (Everparts Mall) and comprehensive after-sales service for all product lines. The company serves global markets through subsidiaries in the US, China, Mongolia, Belgium, Netherlands, and Panama, with dealer networks in approximately 90 countries worldwide.

Differentiator

Problem solved

Functional benefit

Products and services

• Concrete Pump Trucks Concrete pump trucks for construction sites including boom pumps, line pumps, and trailer pumps used for concrete placement at building and infrastructure job sites.
• Tower Cranes Tower cranes including hammerhead and luffing types for construction lifting operations on high-rise and infrastructure projects.
• Hydraulic Attachments Hydraulic attachments including breakers, pulverizers, crushers, grabs, and tiltrotators mounted on excavators for demolition and material handling.
• Crawler Hydraulic Rock Drills Crawler-mounted hydraulic drilling machines for mining and construction applications including the ECD Series drills, used with rock tools for blast hole and production drilling.
• Fire Trucks Fire fighting vehicles including ladder trucks, articulating boom trucks, pump trucks, water supply vehicles, and rescue vehicles for fire departments and government agencies.
• Rock Tools / Rock Breakers Rock breaking and demolition tools for mining and construction applications, sold alongside drills and hydraulic attachments.
• Diesel Generators Diesel generators for construction sites and industrial applications requiring off-grid or backup power.
• Military Special Vehicles Military special purpose vehicles including 4-wheel drive military trucks supplied to the Korean Army for army logistics and defense operations.
• Special Disaster Prevention Systems Special disaster prevention devices and systems for emergency response applications, including the Air Slide tube-shaped evacuation system.
• Used Equipment Pre-owned construction equipment sales and trading, complementing new equipment offerings.
• T500 Pro R Wireless Remote Unmanned Rock Drill Wireless remote-controlled unmanned rock drill featuring advanced automation technology for safer and more efficient drilling operations.
• EverParts Mall (에버파츠몰) Spare Parts E-Commerce Online parts mall for purchasing genuine replacement parts and accessories for Hyundai Everdigm equipment.
• After-Sales Service & Support Service support for hydraulic attachments, concrete pumps, crawler hydraulic drills, tower cranes, fire trucks, and rock tools across the global dealer network.

Quantifiable outcome

• 10% fuel efficiency improvement with Load Sensing System on drill equipment
• +3 more outcomes

Named customers8 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• Schlechta's BetonpumpenweltcoreChannel Partner/ Reseller/ Distributor · 1 August 2025German concrete pump dealer visited Hyundai Everdigm headquarters in Korea. Schlechta's Betonpumpenwelt expressed deep impressions with the manufacturing process and committed to maintaining good cooperative relationship.
• Iraq Ministry of InteriorcoreChannel Partner/ Reseller/ Distributor · 1 August 2025Largest single contract - ₩1,353 billion fire equipment supply contract with Iraq Ministry of Interior. Includes 16 articulated trucks, 100 pump trucks, 100 water supply vehicles, 100 rescue vehicles and other fire equipment for delivery by second half of 2025.
• MGX EquipmentcoreChannel Partner/ Reseller/ Distributor · 1 January 2024MGX Equipment is a US-based dealer partnership established for World of Concrete 2024 exhibition. New dealer relationship for distributing Everdigm products in the American market with plans for US market business expansion.
• RD WilliamsminorChannel Partner/ Reseller/ Distributor · 1 March 2023Australian dealer RD Williams sponsors drag racing championships. Steven Hamm, RD Williams sales manager, won runner-up position in Australian Drag Racing Championship. RD Williams holds #1 market share for rock breakers in Queensland region.
• Vietnam Fire DepartmentcoreChannel Partner/ Reseller/ Distributor · 1 April 2017EDCF Vietnam project - $231 billion fire truck supply contract with Vietnam government for fire trucks and emergency vehicles.
• Holose Ecological Research InstituteminorStrategic or Co-development PartnerPartnership for endangered species conservation including golden frogs and water bugs. Support agreement and volunteer activities for biodiversity protection.
• Korean Rural Community CorporationminorStrategic or Co-development PartnerOngoing environmental cleanup partnership with regular participation in stream restoration activities at Baekgok River in Jincheon.
• Korea Hydro & Nuclear PowercoreChannel Partner/ Reseller/ DistributorDisaster response equipment supply contract for power plants - providing specialized fire and rescue vehicles for nuclear power facilities.

Scale indicators8 records

Recent moves13 records

Expansion highlights6 records

Direct peers

• JCB: British family-owned construction equipment manufacturer with hydraulic attachments, excavators, and telehandlers. Comparable as a privately-held specialty equipment manufacturer competing in hydraulic attachments and compact construction equipment segments.
• Liebherr: German-Swiss family-owned manufacturer of tower cranes, concrete pumps, mining equipment, and specialty vehicles. Direct comparable in tower cranes (where Hyundai Everdigm competes via Korea Tower Crane acquisition) and concrete mixing/placement technology.
• Putzmeister (SANY subsidiary): German concrete pump specialist now owned by SANY. Direct comparable in concrete pump technology where Hyundai Everdigm holds Korea's first-mover position, competing in the global boom pump and line pump market.
• Doosan (Bobcat, Doosan Enerbility): Korean-headquartered diversified industrial conglomerate with construction equipment (Bobcat compact equipment), heavy industry, and energy businesses. Direct comparable as a fellow Korean heavy equipment manufacturer competing in concrete pumps, excavators, and specialty equipment globally.
• Hitachi Construction Machinery: Japanese construction equipment OEM specializing in excavators, mining equipment, and construction systems. Comparable as a fellow Asian-headquartered manufacturer competing in mining drills, hydraulic equipment, and specialty construction machinery.
• Volvo Construction Equipment: Swedish OEM of construction equipment including excavators, wheel loaders, and haulers. Direct comparable in concrete pumps, construction machinery, and specialty equipment with similar government and infrastructure customer base globally.

Broad incumbents

• Komatsu: Japanese global leader in construction and mining equipment with comprehensive portfolio including excavators, dump trucks, and specialty vehicles. Comparable as a major incumbent Hyundai Everdigm competes with in mining drills and specialty construction equipment.
• Caterpillar: American global leader in construction and mining equipment with the broadest portfolio and dealer network in the industry. Comparable as the dominant incumbent across most of Hyundai Everdigm's product categories including specialty vehicles and heavy equipment.

Emerging players

• XCMG: Chinese state-linked construction equipment manufacturer rapidly expanding globally with comprehensive crane, concrete, and earthmoving portfolio. Comparable as a low-cost emerging competitor targeting similar emerging markets and government contracts as Hyundai Everdigm.
• SANY Heavy Industry: Chinese private construction equipment manufacturer with global expansion including Putzmeister acquisition. Comparable as a fast-growing competitor in concrete pumps, cranes, and heavy equipment targeting the same emerging market government customers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/user/everdigm1
• Facebookfacebook.com/EverdigmCo
• LinkedInlinkedin.com/company/hyundai-everdigm-concrete-pump
• Instagraminstagram.com/hyundaieverdigm_corporate

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Hyundai Everdigm