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Sales of construction equipment - North America 2017-2022

Projected construction equipment unit sales in North America from 2017 to 2022

by I. Wagner, last edited Jun 21, 2018
Sales of construction equipment - North America 2017-2022 This statistic portrays construction equipment unit sales in North America in 2017, with projections for 2018 through 2022. In 2022, about 267,350 construction machines are expected to be sold here. North America is one of the largest target markets for construction equipment.
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 2017 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 22 percent, on par with the European market. North America is projected to have growing construction equipment unit sales. Construction equipment sales are projected to increase by 11.6 percent to 193,250 units in 2018.

As of 2017, 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 2017, Caterpillar was ranked first with construction equipment sales of some 26.6 billion U.S. dollars. In the same fiscal year, Caterpillar reported global revenue of around 45.5 billion U.S. dollars, up from around 39 million U.S. dollars a year earlier.
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Projected construction equipment unit sales in North America from 2017 to 2022

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