Construction Machinery Manufacturing in the US
The Construction Machinery Manufacturing industry has been challenged by the appreciating US dollar and exchange-rate dynamics in recent years. These factors cut into industry exports and increased the penetration of low-cost imports into the market, putting price-competitive pressure on domestic manufacturers of industry products. Due to these conditions, 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 over the past decade. The industry is expected to rebound somewhat over the five years to 2023 as the value of residential and nonresidential construction improves, creating greater demand for industry products. Additionally, industry export growth as a consequence of a depreciating dollar will help to support industry revenue growth.
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.
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