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U.S. Market for Construction Machinery Manufacturing

After several years of accelerated growth, the construction machinery manufacturing industry faces difficult times ahead as residential construction spending in the United States falls off a cliff and end users curb purchases of new equipment. Although the market increased seven percent in 2006, the signs were already there that 2007 looked to be rough year—at least for most.

This all-new comprehensive report takes an in-depth look at the state of the construction machinery manufacturing industry as it stood in mid-2007. Included in this report are data and analysis of shipments, imports and exports; and apparent consumption of the U.S. market. The report also covers major trends affecting the industry including residential versus non-residential construction markets; general economic factors and in-depth profiles as well as discussions of marketing and distribution efforts of key players.

Report data were obtained from government sources such as the U.S. Census Bureau, the U.S. Department of Commerce, and the Bureau of Labor Statistics; trade associations such as the Association of Equipment Manufacturers, business journals such as Engineering News-Record magazine, and company literature and websites.


  • Executive Summary
    • Scope
      • Methodology
    • Market Size and Growth
      • U.S. Market Reaches $24.8 Billion in 2006
        • Table U.S. Construction Machinery Market, 1997-2006 (in billion $)
      • Growth Seen in Nearly All Categories
        • Table U.S. Construction Machinery Market by Category, 1997-2006 (in million $)
      • Two Categories Account for 52% of Total Market
        • Table U.S. Construction Machinery Market Share by Category, 2006 (%)
      • Shipments Match U.S. Market in 2006
        • Table U.S. Construction Machinery Shipments, 1997-2006 (in billion $)
        • Table U.S. Construction Machinery Shipments by Category, 1997-2006 (in million $)
      • Imports, Exports Boom to Record Levels
        • Table U.S. Construction Machinery Imports and Exports, 1997-2006 (in billion $)
      • Imports Driven by All Categories
        • Table U.S. Construction Machinery Imports by Category, 1997-2006, (in million $)
        • Table U.S. Construction Machinery Exports by Category, 1997-2006, (in million $)
    • Forecast
      • U.S. Market to Decline Near Term, Reach $26.0 billion by 2011
        • Table U.S. Construction Machinery Market Forecast, 2006–2007 (in billion $)
    • General Economic and Market Trends
      • GDP Forecasted Growth at Modest 2.1% for 2007
        • Table Current-Dollar and Real GDP, 2002-2006 (in trillion $)
      • Economy, Inflation Prompt Interest Rates to Rise
        • Table Federal Funds Target Rate at End of Year, 2002-September 2007
      • Looking Ahead
    • Construction Spending
      • Non-residential Overtakes Residential Construction
      • Private Sector Growth Slows, Public Booms in 2006
        • Table U.S. Monthly Private, Public and Total Construction Spending, Year-over-Year % Changes, January 2007-July 2007
    • Supply Challenges
      • Increased Commodity Prices, Demand Lead to Higher Producer Prices
    • Industry and Market Trends
      • Infrastructure Rehabilitation Boom
      • May 2007 Wartime Funding Measure
      • Costs May Squeeze End-User Demand for Machinery
      • Green Machines and Standards
      • Compact Equipment for the Future
      • Going Hi-tech with GPS and Equipment Monitoring
    • Distribution and Marketing Trends
      • Distribution Relationships Consolidate
      • Rental, Used and New Converge
      • Trial Drives Purchase of Innovative Products
      • Targeted End-User Marketing
  • The Market
    • Scope
      • Methodology
    • Market Size and Growth
      • U.S. Market Reaches $24.8 Billion in 2006
        • Table U.S. Construction Machinery Market and Yearly % Growth, 1997-2006 (in billion $)
      • Growth Seen in Nearly All Categories
        • Table U.S. Construction Machinery Market by Category, 1997-2006 (in million $)
      • Two Categories Account for 52% of Total Market
        • Table U.S. Construction Machinery Market Share by Category, 2006 (%)
      • Shipments
        • Table U.S. Construction Machinery Shipments and Yearly % Growth, 1997-2006 (in billion $)
      • U.S. Manufacturing Captures Less of U.S. Market
        • Table U.S. Construction Machinery Net Shipments and Share of Total Market, 1997-2006 (in billion $)
      • Shipments Grow Slower Than Market
        • Table U.S. Construction Machinery Shipments by Category, 1997-2006 (in million $)
    • Construction Machinery Category Overviews
      • Tractor Shovel Loaders Lose Traction, Slip to $6.4 Billion
        • Table U.S. Tractor Shovel Loader Market and Share of Total Market, 1997-2006 (in billion $)
        • Table U.S. Tractor Shovel Loader Market and Yearly % Growth, 1997-2006 (in million $)
        • Table U.S. Tractor Shovel Loader Net Shipments and Share of Category Market Value, 1997-2006 (in billion $)
      • Power Cranes, Draglines & Excavators Boom to $6.4 Billion
        • Table U.S. Power Crane, Dragline & Excavator Market and Share of Total Market, 1997-2006 (in billion $)
        • Table U.S. Power Crane, Dragline & Excavator Market and Yearly % Growth, 1997-2006 (in million $)
        • Table U.S. Power Crane, Dragline & Excavator Net Shipments and Share of Category Market Value,1997-2006 (in billion $)
      • Personnel Aerial Work Platforms Escalate to $3.0 Billion
        • Table U.S. Personnel Aerial Work Platform Shipments and Share of Total Market, 1997-2006 (in billion $)
        • Table U.S. Personnel Aerial Work Platform Shipments and Yearly % Growth, 1997-2006 (in million $)
      • Crawlers & Off-highway Wheel Tractors Crawl to $2.8 Billion
        • Table U.S. Crawler & Off-highway Wheel Tractor Market and Share of Total Market, 1997-2006 (in billion $)
        • Table U.S. Crawler & Off-highway Wheel Tractor Market and Yearly % Growth, 1997-2006 (in million $)
        • Table U.S. Crawler & Off-highway Wheel Tractor Net Shipments and Share of Category Market Value, 1997-2006 (in billion $)
      • Mixers & Pavers Surface to $2.1 Billion
        • Table U.S. Mixer & Paver Market and Share of Total Market, 1997-2006 (in billion $)
        • Table U.S. Mixer & Paver Market and Yearly % Growth, 1997-2006 (in million $)
        • Table U.S. Mixer & Paver Net Shipments and Share of Category Market Value, 1997-2006 (in billion $)
      • Motor Graders & Light Maintainers Decline to $2.0 Billion
        • Table U.S. Motor Grader & Light Maintainer Market and Share of Total Market, 1997-2006 (in billion $)
        • Table U.S. Motor Grader & Light Maintainer Market and Yearly % Growth, 1997-2006 (in million $)
        • Table U.S. Motor Grader & Light Maintainer Net Shipments and Share of Category Market Value, 1997-2006 (in billion $)
      • Off-highway Trucks & Trailers Drop to $938.7 Million
        • Table U.S. Off-highway Truck & Trailer Market and Share of Total Market, 1997-2006 (in million $)
        • Table U.S. Off-highway Truck & Trailer Market and Yearly % Growth, 1997-2006 (in million $)
        • Table U.S. Off-highway Truck & Trailer Net Shipments and Share of Category Total, 1997-2006 (in million $)
      • Machinery Attachments Bolt to $885.1 Million
        • Table U.S. Machinery Attachment Market and Share of Total Market, 2002-2006 (in million $)
        • Table U.S. Machinery Attachment Market and Yearly % Growth, 1997-2006 (in million $)
        • Table U.S. Machinery Attachment Net Shipments, 1997-2006 (in million $)
      • Winches Pull in $294.8 Million
        • Table U.S. Winch Market and Share of Total Market, 1997-2006 (in million $)
        • Table U.S. Winch Market and Yearly % Growth, 1997-2006 (in million $)
        • Table U.S. Winch Net Shipments and Share of Category Market Value, 1997-2006 (in million $)
    • Forecast
      • Residential Construction Weighs on Growth
      • U.S. Market to Decline Near Term, Reach $26.0 billion by 2011
        • Table U.S. Construction Machinery Market Forecast and Yearly % Growth, 2007-2011 (in billion $)
  • Imports and Exports
    • Imports, Exports Boom to Record Levels
      • Table U.S. Construction Machinery Shipments, Imports and Exports, 1997-2006 (in billion $)
      • Table U.S. Construction Machinery Exports as a % of Shipments, Imports as a % of Consumption and Net Shipments as a % of Apparent Consumption, 1997-2006 (%)
      • Imports Driven by All Categories
        • Table U.S. Construction Machinery Imports by Category, 1997-2006, (in million $)
        • Table Share of U.S. Construction Machinery Imports by Category, 2006 (%)
      • Export Growth Fueled by Trucks & Trailers
        • Table U.S. Construction Machinery Exports by Category, 1997-2006, (in million $)
        • Table Share of U.S. Construction Machinery Exports by Category, 2006 (%)
      • Shovel Excavators Lead Product Imports
        • Table Top 25 U.S. Construction Machinery Imports by Product Type, 1997-2006 (in million $)
      • Front-end Shovel Loaders, Heavy Dumpers Top Exports
        • Table Top 25 U.S. Construction Machinery Exports by Product Type, 1997-2006, (in million $)
    • Imports and Exports by Category
      • Power Cranes, Draglines & Excavators
        • Table U.S. Power Crane, Dragline & Excavator Imports and Share of Category Market Value, 1997-2006 (in billion $)
        • Table U.S. Power Crane, Dragline & Excavator Exports and Share of Category Shipments, 1997-2006 (in million $)
      • Mixers & Pavers
        • Table U.S. Mixer & Paver Imports and Share of Category Market Value, 1997-2006 (in million $)
        • Table U.S. Mixer & Paver Exports and Share of Category Shipments, 1997-2006 (in million $)
      • Off-Highway Trucks & Trailers
        • Table U.S. Off-Highway Truck & Trailer Imports and Share of Category Market Value, 1997-2006 (in million $)
        • Table U.S. Off-Highway Truck & Trailer Exports and Share of Category Shipments, 1997-2006 (in million $)
      • Tractor Shovel Loaders
        • Table U.S. Tractor Shovel Loader Imports and Share of Category Market Value, 1997-2006 (in million $)
        • Table U.S. Tractor Shovel Loader Exports and Share of Category Shipments, 1997-2006 (in million $)
      • Crawler & Off-highway Wheel Tractors
        • Table U.S. Crawler & Off-highway Wheel Tractor Imports and Share of Category Market Value, 1997-2006 (in million $)
        • Table U.S. Crawler & Off-highway Wheel Tractor Exports and Share of Category Shipments, 1997-2006 (in million $)
      • Motor Graders & Light Maintainers
        • Table U.S. Motor Grader & Light Maintainer Imports and Share of Category Market Value, 1997-2006 (in million $)
        • Table U.S. Motor Grader & Light Maintainer Exports and Share of Category Shipments, 1997-2006 (in million $)
      • Machinery Attachments
        • Table U.S. Machinery Attachment Imports and Share of Category's Apparent Consumption*, 1997-2006 (in million $)
        • Table U.S. Machinery Attachment Exports and Share of Category Shipments, 1997-2006 (in million $)
      • Winches
        • Table U.S. Winch Imports and Share of Category Market Value, 1997-2006 (in million $)
        • Table U.S. Winch Exports and Share of Category Shipments, 1997-2006 (in million $)
    • Imports and Exports by Country of Origin
      • Japan Leading U.S. Supplier
        • Table U.S. Construction Machinery Imports by Country of Origin, 1997-2006 (in million $)
      • Canada Leads Purchasing
        • Table U.S. Construction Machinery Exports by Country of Destination, 1997-2006 (in million $)
  • Economic Growth Factors
    • Overview
    • General Economic and Market Trends
      • GDP Forecasted Growth at Modest 2.1% for 2007
        • Table Current-Dollar and Real GDP, 2002-2006 (in trillion $)
        • Table Percentage Changes in Current-Dollar GDP, Real GDP and GDP Price Index, 2002-2006 (%)
      • Economy, Inflation Prompt Interest Rates to Rise
        • Table Federal Funds Target Rate at End of Year, 2002-September 2007
      • Looking Ahead
    • Construction Spending
      • Non-residential Overtakes Residential Construction
        • Table U.S. Monthly Residential, Non-residential and Total Construction Spending, Year-over-Year % Changes, January 2007-July 2007
      • Non-residential Construction Spending by Sector
        • Table U.S. Non-residential Construction Values by Sector, 2002-2006 (in billion $)
        • Table Year-over-Year Changes in U.S. Non-residential Construction Values by Sector, January and July 2006 vs. January and July 2007 (in billion $)
    • Residential Markets Head South
      • Private Sector Growth Slows, Public Booms in 2006
        • Table U.S. Private, Public and Total Construction Values, 1997-2006 (in billion $)
        • Table U.S. Monthly Private, Public and Total Construction Spending, Year-over-Year % Changes, January 2007-July 2007
    • Supply Challenges
      • Increased Commodity Prices, Demand Lead to Higher Producer Prices
      • Machinery Price Increases
  • Industry and Market Trends
    • Infrastructure Rehabilitation Boom
      • May 2007 Wartime Funding Measure
      • Costs May Squeeze End-User Demand for Machinery
        • Table Top 25 Contractors, 2007
      • Green Machines and Standards
      • Compact Equipment for the Future
        • Table Selected Compact Construction Machinery Introductions, 2006-2007
      • Going Hi-tech with GPS and Equipment Monitoring
  • Distribution and Marketing Trends
    • Distribution Relationships Consolidate
      • Retail Prices and Key Marketing Determined by Dealers
      • Rental, Used and New Converge
        • Table Top 25 Rental Outlets, 2007
      • Trial Drives Purchase of Innovative Products
      • Targeted End-User Marketing
  • Corporate Profiles
    • Overview
      • The Companies
      • Competition
      • Financing
      • Corporate Strategies
      • Significant Event: Ingersoll Rand Divests
    • Selected Corporate Profiles
      • Caterpillar, Inc.
        • Table Caterpillar, Inc.
      • Performance
        • Table Estimated U.S. Revenues of Caterpillar Construction Machinery, 2002–2006 (in billion $)
      • Product Portfolio
        • Table Caterpillar Product Portfolio, 2007
      • Significant Events
    • CNH Global N.V.
      • Table CNH Global N.V
      • Overview
      • Performance
        • Table Estimated U.S. Revenues of CNH Construction Machinery, 2002–2006 (in billion $)
      • Product Portfolio
        • Table Case Product Portfolio, 2007
        • Table New Holland Product Portfolio, 2007
        • Table Kobelco Product Portfolio, 2007
      • Significant Events
    • Deere & Company
      • Table Deere & Company
      • Overview
      • Performance
        • Table Estimated U.S. Revenues of Deere Construction Machinery, 2002–2006 (in billion $)
      • Product Portfolio
        • Table Deere Product Portfolio, 2007
      • Significant Events
    • Komatsu Ltd.
      • Table Komatsu Ltd
      • Overview
      • Performance
        • Table Estimated U.S. Revenues of Komatsu Construction Machinery, 2002–2006 (in billion $)
      • Product Portfolio
      • Significant Events
    • Terex Corp.
      • Table Terex Corp
      • Overview
      • Performance
        • Table Estimated U.S. Revenues of Terex Construction Machinery, 2002–2006 (in billion $)
      • Product Portfolio
        • Table Terex Product Portfolio, 2007
        • Table Genie Product Portfolio, 2007
        • Table Bid-Well Product Portfolio, 2007
        • Table Powerscreen Product Portfolio, 2007
      • Significant Events
    • Volvo Construction Equipment North America, Inc.
      • Table Volvo Construction Equipment North America, Inc
      • Overview
      • Performance
        • Table Estimated U.S. Revenues of Volvo Group Construction Machinery and Ingersoll Rand Road Construction, 2002–2006 (in billion $)
      • Product Portfolio
      • Significant Events
    • The Manitowoc Company, Inc.
      • Table The Manitowoc Company, Inc
      • Overview
      • Performance
        • Table Estimated U.S. Revenues of Manitowoc Construction Machinery, 2002–2006 (in billion $)
      • Product Portfolio
        • Table Manitowoc Product Portfolio, 2007
        • Table Grove Product Portfolio, 2007
        • Table National Crane Product Portfolio, 2007
        • Table Potain Product Portfolio, 2007
      • Significant Events
    • Doosan Infracore Co. Ltd.
      • Table Doosan Infracore Co. Ltd
      • Overview
      • Performance
        • Table Estimated U.S. Revenues of Doosan Infracore Construction Machinery and Ingersoll Rand’s Bobcat, 2002–2006 (in billion $)
      • Product Portfolio
        • Table Doosan Infracore Product Portfolio, 2007
        • Table Bobcat Product Portfolio, 2007
    • Hitachi Construction Machinery Co. Ltd.
      • Table Hitachi Construction Machinery Co. Ltd
      • Overview
      • Performance
        • Table Estimated U.S. Revenues of Hitachi Construction Machinery, 2002–2006 (in billion $)
      • Product Portfolio
        • Table HCM Product Portfolio, 2007
      • Significant Events

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