AEM highlights value of equipment industry

The off-highway equipment industry – which includes construction, mining, agriculture and forestry – generated $267 billion in direct sales in the US in 2016, and a further $95 billion in indirect sales from the supply chain, plus $55 billion in employee spending.
March 10, 2017 Read time: 2 mins
The report demonstrates the contribution of the equipment industry to the US economy, says Dennis Slater, president of the Association of Equipment Manufacturers

The off-highway equipment industry – which includes construction, mining, agriculture and forestry – generated $267 billion in direct sales in the US in 2016, and a further $95 billion in indirect sales from the supply chain, plus $55 billion in employee spending. This is among the findings of a new report released by the 1100 Association of Equipment Manufacturers (AEM) at CONEXPO-CON/AGG 2017.

Overall, the equipment manufacturing industry including all sectors supported almost 1.3 million jobs, and added $159 billion to the US gross domestic product.

The AEM will use the report to demonstrate to the Trump administration the importance of the equipment manufacturing industry to the US economy, said Dennis Slater, president of the AEM. Speaking at the launch of the report at CONEXPO-CON/AGG, he added that it should provide useful input when the administration considers its proposed new infrastructure budget.

The report was prepared for the AEM by IHS. It estimates that the off-highway equipment and ancillary products industry directly employed nearly 500,000 people in North America. Texas has the highest number of industry employees, followed by Illinois, Wisconsin and Ohio. The average income for the industry was $78,000, approximately 58% above the US national average, says the report.

For more information on companies in this article

Related Content

  • CONEXPO-CON/AGG 2017 will help you imagine what’s next
    March 15, 2017
    What sort of key trends will be on show, and how will these new technologies shape the sector over the coming years? Alan Dron interviewed Al Cervero, the AEM senior vice-president for construction, utility and mining on how the show will reveal what is coming. The theme for this year’s event is “Imagine what’s next”, a particularly appropriate title in view of the changes in both technology and the environment in which that technology will be used.
    Read More
  • AEM names Charlie O’Brien as its new senior vice president
    January 11, 2013
    The Association of Equipment Manufacturers (AEM) in the United States has named Charlie O’Brien as senior vice president. The appointment is said by the AEM to be in recognition of his increased leadership role for the association. These include activities under AEM’s new strategic plan, initiated in 2012, to better serve all members’ current and future business-development needs.
    Read More
  • CONEXPO-CON/AGG calls for education speakers
    November 18, 2024
    Shape the Future of Construction: CONEXPO-CON/AGG opens call for education session and speaker proposals at the event to run in Las Vegas in the US state of Nevada in March 2026.
    Read More
  • AEM recognised for work on US export drive
    February 17, 2012
    The Association of Equipment Manufacturers (AEM) has received the US Department of Commerce's Certificate of Appreciation for Achievement in Trade.
    Read More

Highlighted Content