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Construction Machinery Manufacturing in the US Industry Data and Analysis
Construction equipment producers have faced significant volatility in recent years, largely driven by the performance of various branches of the construction space, including residential, industrial and infrastructure. Unfavorable macroeconomic conditions in 2020 led to a slowdown in nonresidential construction activity, as remote working practices became the norm, foot traffic at brick-and-mortar stores weakened and demand for manufactured goods weakened. However, during this time, the residential sector boomed as near-zero interest rates and the flexibility offered by remote working encouraged consumers to purchase or build homes, boosting demand for construction equipment. As the economy began to recover, the nonresidential sector slowly followed. However, elevated inflationary pressures and heightened consumer uncertainty placed downward pressure on demand from the residential sector, contributing to revenue losses in 2023. During this time, steel prices directly impacted revenue, a highly volatile commodity that increased input costs and squeezed producers' profit. These trends have contributed to revenue growing at an estimated CAGR of 5.3% to $48.4 billion through 2025, including a 0.8% gain that year alone.
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What's included in this industry analysis
IBISWorld's research coverage on the Construction Machinery Manufacturing industry in the United States includes market sizing, forecasting, data and analysis from 2016-2031. The most recent publication was released January 2026.
About this industry
What's this industry report about?
The Construction Machinery Manufacturing industry in the United States operates under the NAICS industry code 33312. Industry operators manufacture construction machinery and equipment for use in residential, nonresidential, highway, street and other infrastructure construction. Related terms covered in the Construction Machinery Manufacturing industry in the United States include dozer, us environmental protection agency (epa), north american free trade agreement (nafta), tractor shovel loaders and safetea-lu.
What's included in this industry?
Products and services covered in Construction Machinery Manufacturing industry in the United States include Power cranes, draglines and shovels, Other construction machinery and equipment and Tractor shovel loaders, dozers and other tractors.
What companies are included in this industry?
Companies covered in the Construction Machinery Manufacturing industry in the United States include Caterpillar Inc., Komatsu Ltd and Deere & Co.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Construction Machinery Manufacturing industry in the United States.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed product and service segmentation, analysis of major markets and international trade data for the for the Construction Machinery Manufacturing industry in the United States.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Construction Machinery Manufacturing industry in the United States.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Construction Machinery Manufacturing industry in the United States. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Construction Machinery Manufacturing industry in the United States. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Construction Machinery Manufacturing industry in the United States. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Construction Machinery Manufacturing industry in the United States. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Construction Machinery Manufacturing industry in the United States.
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Frequently Asked Questions
What is the market size of the Construction Machinery Manufacturing industry in the United States in 2026?
The market size of the Construction Machinery Manufacturing industry in the United States is $48.5bn in 2026.
How many businesses are there in the Construction Machinery Manufacturing industry in the United States in 2026?
There are 546 businesses in the Construction Machinery Manufacturing industry in the United States, which has declined at a CAGR of 2.7 % between 2021 and 2026.
How may import tariffs affect the Construction Machinery Manufacturing industry in the United States?
The Construction Machinery Manufacturing industry in the United States is likely to be significantly impacted by import tariffs with imports accounting for a high share of industry revenue.
How may export tariffs affect the Construction Machinery Manufacturing industry in the United States?
The Construction Machinery Manufacturing industry in the United States is likely to be significantly impacted by export tariffs with exports accounting for a high share of industry revenue.
Has the Construction Machinery Manufacturing industry in the United States grown or declined over the past 5 years?
The market size of the Construction Machinery Manufacturing industry in the United States has been growing at a CAGR of 5.3 % between 2021 and 2026.
What is the forecast growth of the Construction Machinery Manufacturing industry in the United States over the next 5 years?
Over the next five years, the Construction Machinery Manufacturing industry in the United States is expected to grow.
What are the biggest companies in the Construction Machinery Manufacturing industry in the United States?
The biggest companies operating in the Construction Machinery Manufacturing industry in the United States are Caterpillar Inc., Komatsu Ltd and Deere & Co
What does the Construction Machinery Manufacturing industry in the United States include?
Backhoe and Bucket and excavator (e.g. clamshell, concrete, drag scraper, dragline and shovel) are part of the Construction Machinery Manufacturing industry in the United States.
Which companies have the highest market share in the Construction Machinery Manufacturing industry in the United States?
The company holding the most market share in the Construction Machinery Manufacturing industry in the United States is Caterpillar Inc..
How competitive is the Construction Machinery Manufacturing industry in the United States?
The level of competition is high and increasing in the Construction Machinery Manufacturing industry in the United States.
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