Construction Machinery Manufacturing in the US
The Construction Machinery Manufacturing industry produces equipment for residential, nonresidential, highway and other infrastructure construction. Demand for industry products depends on levels of private construction spending and government funding for infrastructure projects. The 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. Overall, industry revenue is expected to decline over the five years to 2019. The industry is expected to rebound somewhat over the five years to 2024 as the value of residential and nonresidential construction improves, 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.
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