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Sales of construction equipment - North America 2019-2022

North American sales of construction equipment are expected to reach about 236,825 by 2022. North America is one of the largest target markets for construction equipment worldwide.

Construction equipment sales in North America

The regional structure of the global construction equipment market is expected to experience some major changes. Sluggish growth in the Chinese construction market coupled with continued idle production in the mining sector, is slated to put China’s industrial equipment sales growth to a halt. The market leader China will likely face challenges to keep its position as the largest market worldwide: China’s 24 percent market share is predicted to fall to 21 percent, on par with the European market.

The largest construction equipment manufacturer was Caterpillar of the United States. After a slump in sales in the aftermath of the global financial crisis in 2009, Caterpillar successfully fought its way back to the top of the construction equipment market. In 2018, Caterpillar was ranked first with construction equipment sales of some 23 billion U.S. dollars. In the same fiscal year, Caterpillar reported global revenue of around 54.7 billion U.S. dollars.

Projected construction equipment unit sales in North America from 2019 to 2022

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Sources

Release date

April 2019

Region

North America

Survey time period

as of 2018

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Statistics on "Construction equipment industry in the United States"

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