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          1. Construction Machinery Manufacturing Industry Profile

            Report Page Length: 10-12
            Last Quarterly Update: 7/20/2020
            SIC Codes: 3531
            NAICS Codes: 33312
            Chapters Include:
            Industry Overview Trends & Challenges Industry Forecast
            Quarterly Industry Update Call Prep Questions Website & Media Links
            Business Challenges Financial Information Glossary & Acronyms
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            Excerpt from Construction Machinery Manufacturing Industry Profile

            Companies in this industry manufacture construction machinery, surface mining machinery, and logging equipment. Major companies include Caterpillar and Terex (both based in the US), Atlas Copco (Sweden), Doosan Infracore (South Korea), Hitachi and Komatsu (both based in Japan), Liebherr Group (Germany), and Sany Heavy Industry (China), along with the construction divisions of heavy equipment manufacturers Deere (US), CNH Industrial (UK), and Volvo (Sweden).

            The global construction machinery manufacturing industry is forecast to grow more than 6% per year through 2023, according to Technavio. Top countries for construction equipment manufacturing include China, Germany, Japan, Sweden, and the US.

            The US construction machinery manufacturing industry consists of about 750 establishments (single-location companies and units of multi-location companies) that have combined annual revenue of about $30 billion.

            COMPETITIVE LANDSCAPE

            Demand is highly dependent on construction spending. The profitability of individual companies depends on efficient manufacturing operations, since customers are very sensitive to price. Because of the large capital investment required to produce heavy construction machinery, this segment of the market is served mainly by the large manufacturers. Smaller companies can compete effectively by producing equipment that has specialized applications, or that is relatively simple to make. The US construction machinery manufacturing industry is highly concentrated: the top 50 companies generate about 90% of industry revenue.

            US manufacturers compete with their counterparts around the world. Imports, largely from Japan, Mexico, Canada, and Germany account for about 60% of ...

             
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