This dossier presents graphs and tables about the construction equipment industry in the United States. Focusing on construction equipment sales, it also provides data on construction machinery manufacturers.
Table of Contents
Overview
Segments
Companies
1. Overview
Description: The global construction equipment market was estimated at 136.3 billion U.S. dollars in 2020. This market is expected to increase to around 234.6 billion U.S. dollars by 2030.
Description: China is expected to account for more than 20 percent of the global construction equipment market in 2022. That year, about 228,330 units are expected to be sold in China.
Description: Global construction machinery sales are expected to range between one and 1.1 million units in 2022. Globally, the sales volume is anticipated to witness moderate growth of one percent between 2021 and 2022.
Description: Global sales of construction equipment are expected to reach approximately 1.1 million units by 2023. The global construction equipment market is projected to remain flat between 2018 and 2023 with construction equipment sales predicted to hover around the one million unit mark.
Description: North American sales of construction equipment are expected to reach about 236,825 by 2022. North America is one of the largest target markets for construction equipment worldwide.
Description: Caterpillar was the world’s largest construction machinery manufacturers in 2020, based on construction equipment sales: Caterpillar sold equipment to the value of around 24.8 billion U.S. dollars.
Description: This statistic shows the revenue of the industry “construction machinery manufacturing” in the U.S. from 2012 to 2017, with a forecast to 2024. It is projected that the revenue of construction machinery manufacturing in the U.S. will amount to approximately 33,9 billion U.S. Dollars by 2024.
Description: After suffering a big dip in 2020 due to reduced operations during the coronavirus pandemic, the equipment rental market size in the United States recovered in 2021, growing by three percent to 47.8 billion U.S. dollars. By 2024, the U.S. equipment rental market is expected to exceed the peak level recorded in 2019.
2. Segments
Description: This statistic shows the producer price index for construction machinery and equipment in the United States between 1990 and 2021. In 2021, the index stood at 148 percent higher than in 1982, which was used as the base year.
Description: This statistic represents gross output of construction machinery manufacturing in the United States between 2012 and 2019. In 2019, this subsector generated a gross output of some 33.2 billion U.S. dollars.
Description: In a survey of representatives of the construction machinery and equipment industry in the United States, it was found that in 2021 the sector spent 168 million U.S. dollars on advertising. A year earlier the ad expenditures for the industry amounted to 128 million dollars.
Description: This statistic represents the value of U.S. industrial engine exports from 2007 through 2020. In 2020, the United States exported industrial engines to the value of approximately 21.6 billion U.S. dollars.
Description: The graph shows the value of U.S. agricultural and construction machinery exports from 2002 to 2021. In 2021, U.S. agricultural and construction machinery exports were valued at around 27.4 billion U.S. dollars.
3. Companies
Description: This statistic represents the leading machinery manufacturers in the United States in 2020, based on construction equipment sales. With sales of over 24.8 billion U.S. dollars, the list was topped by Illinois-headquartered Caterpillar Inc.
Description: In the fiscal year of 2021, Caterpillar reported a revenue of approximately 51 billion U.S. dollars generated from global sales. About 22 billion U.S. dollars of the revenue was generated in North America. Caterpillar experienced a 22 percent increase in revenue relative to the previous year.
Description: In 2021, 43 percent of the external revenue was generated from Caterpillar`s construction industry segment, amounting to approximately 22.1 billion U.S. dollars. The energy and transportation segment was not far off, recording revenue of about 20.3 billion U.S. dollars in the same period.
Description: John Deere, the agricultural equipment company, generated about 44 billion U.S. dollars in net sales and revenue in 2021.
Description: The statistic shows John Deere’s net sales and revenue streams in the fiscal year of 2021, by segment. In the fiscal year ending October 31, 2021, the company generated over 11.3 billion U.S. dollars in revenue from its construction and forestry segment.
Description: In the fiscal year of 2021, the company generated net sales of about 3.9 billion U.S. dollars. The company`s major business segments include materials processing and mining equipment, aerial work platforms, and cranes. Terex shares plunged in the second quarter of 2016 after merger talks with China’s Zoomlion went nowhere.
Description: In 2021, the company’s corporate and other/eliminations segment contributed some 199 million U.S. dollars. The company’s major business segments aerial work platforms, and materials processing amounted to 1.6 billion U.S. dollars and 997 million U.S. dollars, respectively.
Description: In the fiscal year ending December 31, 2021, Manitowoc Company Inc. reported net sales of about 1.72 billion U.S. dollars. The U.S.-based company is a manufacturer of cranes and foodservice equipment.
Description: This statistic represents Manitowoc Company Inc.’s net sales in the fiscal year of 2020, by segment. In the fiscal year of 2020, the manufacturer of cranes and food service equipment reported net sales of about 1.4 billion U.S. dollars from its new crane sales segment.
Source from Statista
The information set forth above is provided by Statista independently of Alibaba.com. Alibaba.com makes no representation and warranties as to the quality and reliability of the seller and products.
