{"id":40171,"date":"2022-08-03T10:49:23","date_gmt":"2022-08-03T10:49:23","guid":{"rendered":"https:\/\/www.my-equipment.com\/blog\/?p=40171"},"modified":"2022-11-25T05:31:47","modified_gmt":"2022-11-25T05:31:47","slug":"forecasts-for-the-us-construction-equipment-manufacturing-industry-2022-2027","status":"publish","type":"post","link":"https:\/\/www.my-equipment.com\/blog\/2022\/08\/forecasts-for-the-us-construction-equipment-manufacturing-industry-2022-2027\/","title":{"rendered":"Forecasts for the US Construction Equipment Manufacturing Industry (2022 \u2013 2027)"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Construction markets are recovering post pandemic, and the equipment manufacturing industry is also expected to return to growth. If you were to look at the trends of the last five years, you would see that the US construction equipment manufacturing industry was quite unstable <strong>leading up to 2022<\/strong> due to the pandemic. However, now that the condition has improved both domestically and internationally, construction equipment is once again in demand.&nbsp;<\/span><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.my-equipment.com\/blog\/2022\/08\/forecasts-for-the-us-construction-equipment-manufacturing-industry-2022-2027\/#Market_Research_Report\" >Market Research Report<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.my-equipment.com\/blog\/2022\/08\/forecasts-for-the-us-construction-equipment-manufacturing-industry-2022-2027\/#Biggest_Construction_Equipment_Manufacturers_in_the_US\" >Biggest Construction Equipment Manufacturers in the US<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.my-equipment.com\/blog\/2022\/08\/forecasts-for-the-us-construction-equipment-manufacturing-industry-2022-2027\/#About_This_Report\" >About This Report<\/a><\/li><\/ul><\/nav><\/div>\n<h3><span class=\"ez-toc-section\" id=\"Market_Research_Report\"><\/span><b>Market Research Report<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">The industry suffered a huge blow when there were reductions in investment and construction activity due to the pandemic in 2020. However, as the economy recovers, business conditions are expected to improve for the construction equipment manufacturing industry in the US. Some economic factors behind this forecast are the increasing levels of construction activity and the dollar\u2019s improving exchange rate. Demand for construction equipment and machinery is expected to increase due to these economic improvements.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">During this forecast period, it is expected that there will be an increase in the value of utilities as well as residential and non-residential construction. The government is expected to fund more highway, road, and other construction projects. The current market size of the construction equipment manufacturing industry in the US is 37 billion dollars.&nbsp;<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Biggest_Construction_Equipment_Manufacturers_in_the_US\"><\/span><b>Biggest Construction Equipment Manufacturers in the US<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">According to IBISWorld reports, in the US, there are 43 construction equipment manufacturing companies. <strong>The biggest are Caterpillar Inc, Deere &amp; Co, Liebherr Group, Volvo Group, and Komatsu Ltd.<\/strong> The equipment manufacturing industry has around 700 businesses and employs over 60,000 people in the US.&nbsp;<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"About_This_Report\"><\/span><b>About This Report<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Construction equipment manufacturers are responsible for manufacturing equipment and machinery that can carry out construction-related tasks like moving material, digging, and excavating, among other similar activities. Construction equipment like <strong>dozers<\/strong>, <\/span><b>compact wheel loaders<\/b><span style=\"font-weight: 400;\">, <strong>and excavators<\/strong> are used in the construction of different residential and non-residential infrastructure. This report includes the outlook for the next five years of the construction equipment manufacturing industry and its current performance.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Construction markets are recovering post pandemic, and the equipment manufacturing industry is also expected to &hellip; <a href=\"https:\/\/www.my-equipment.com\/blog\/2022\/08\/forecasts-for-the-us-construction-equipment-manufacturing-industry-2022-2027\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Forecasts for the US Construction Equipment Manufacturing Industry (2022 \u2013 2027)&#8221;<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":40172,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[126],"tags":[393,392,391,175],"class_list":["post-40171","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-compact-wheel-loaders","tag-dozers","tag-equipment-manufacturing","tag-excavators"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Forecasts for the US Construction Equipment Manufacturing Industry (2022 \u2013 2027) - Heavy Equipment Market Insights | News | Guides &amp; 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