During the first half of the current period, recovering construction activity across North America boosted demand for industry goods. However, subsequent declines in activity from the energy and mining sector due to falling commodity prices led to significant declines in nonresidential construction activity, a key downstream market for this industry. Over the five years to 2022, the industry is expected to grow slightly. While demand from residential construction activity is expected to slow down, a rise in nonresidential construction, bolstered by increased demand from the energy sector in the wake of rising prices, should provide a boost to industry revenue. In addition, steel prices are anticipated to recover, cutting into manufacturers' profit margins or forcing them to raise prices, both of which will affect industry growth.
This industry manufactures construction machinery and equipment for use in residential, nonresidential, highway, street and other infrastructure construction. This industry does not manufacture agricultural or mining vehicles such as farming tractors or mining drills.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.