Construction Machinery Manufacturing in Illinois
The Construction Machinery Manufacturing industry in Illinois produces a wide range of equipment used in residential, nonresidential, highway and infrastructure construction projects. Demand for industry products is dependent on activity in downstream construction and industrial markets, which usually follow the business cycle. Industry profitability has been aided by the declining price of steel, a major input into the production of industry products. New operators have been hesitant to join the industry, fearful that another collapse in construction markets could lead to the same consolidation the industry experienced in the past decade. The industry is expected to accelerate over the next five years to 2022, as the value of residential and nonresidential construction continues to trend upward, creating greater demand for industry products.
Industry operators manufacture construction machinery and equipment for use in residential, nonresidential, highway, street and other infrastructure construction.
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.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook