Construction Equipment - Statistics & Facts

Construction Equipment - Statistics & Facts

Statistics and Facts about the U.S. Construction Equipment Industry

By 2017, the global construction equipment market is estimated to be sized at around 192 billion U.S. dollars. In 2014, the North American market was the third biggest market for construction equipment worldwide, accounting for about 21 percent of revenue. In 2015, Illinois-based Caterpillar topped the list of the world’s largest construction machinery makers. The manufacturer of engines and machines such as skid steer loaders, off-highway trucks and wheel excavators generated around 47 billion U.S. dollars in global revenue in 2015. Along with crawler dozers, crawler excavators and aerial work platforms, wheel loaders ranked among the most important product categories in 2011, reaching a nine percent market share of the North American construction equipment market that year.

In 2017, it is expected that around 809,000 construction machines will be sold worldwide; in 2016, some 186,000 are projected to be delivered to customers in North America.

Picture: / filonmar

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