First Research US Industry Profile

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Construction Machinery Manufacturing
SIC Codes: 3531
NAICS Codes: 33312
Last Quarterly Update: 11/18/2019
Companies in this industry manufacture construction machinery, surface mining machinery, and logging equipment. Major companies include Caterpillar and Terex (both based in the US), Atlas Copco (Sweden), Doosan Infracore (South Korea), Hitachi and Komatsu (both based in Japan), Liebherr Group (Germany), and Sany Heavy Industry (China), along with the construction divisions of heavy equipment manufacturers Deere (US), CNH Industrial (UK), and Volvo (Sweden).
The global construction machinery manufacturing industry is forecast to grow more than 6% per year through 2023, according to Technavio. Top countries for construction equipment manufacturing include China, Germany, Japan, Sweden, and the US.
The US construction machinery manufacturing industry consists of about 750 establishments (single-location companies and units of multi-location companies) that have combined annual revenue of about $30 billion.
Competitive Landscape
Demand is highly dependent on construction spending. The profitability of individual companies depends on efficient manufacturing operations, since customers are very sensitive to price. Because of the large capital investment required to produce heavy construction machinery, this segment of the market is served mainly by the large manufacturers. Smaller companies can compete effectively by producing equipment that has specialized applications, or that is relatively simple to make. The US construction machinery manufacturing industry is highly concentrated: the top 50 companies generate about 90% of industry revenue.
US manufacturers compete with their counterparts around the world. Imports, largely from Japan, Mexico, Canada, and Germany account for about 60% of the US market. Exports, primarily to Canada, Australia, and Mexico account for about half of US production.
Products, Operations & Technology
Major products are bulldozers, loaders, backhoes, power cranes, excavators, graders and rollers, crushers, mixers, pavers, concrete pumps, various types ... plus:
Sales & Marketing
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Finance & Regulation
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Regional & International Issues
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Human Resources
Also includes the following chapters:
Quarterly Industry Update
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Industry Indicators
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Business Challenges
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Trends and Opportunities
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Call Preparation Questions
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Financial Information
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Industry Forecast
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Industry Websites
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Glossary of Acronyms

Historical Profiles (PDF format)

02/11/2019
11/05/2018
08/06/2018
05/14/2018
02/19/2018
11/13/2017
08/14/2017
05/15/2017
02/13/2017
11/07/2016
08/15/2016
05/16/2016
02/22/2016
11/16/2015
08/17/2015
05/25/2015
02/23/2015
11/24/2014
09/01/2014
06/09/2014
03/24/2014
12/16/2013
09/23/2013
07/01/2013
04/08/2013
01/14/2013
10/08/2012
07/23/2012
04/30/2012
01/30/2012
10/17/2011
07/18/2011
04/04/2011
12/20/2010
09/27/2010
06/21/2010
03/22/2010