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

  • Concern over the state of US bridges
    April 1, 2019
    Bridge condition is a serious concern in the US, according to a new report from American Road & Transportation Builders Association (ARTBA).
    Read More
  • CONEXPO-CON/AGG show ranked No. 1 show; IFPE wins accolades
    April 13, 2015
    The international CONEXPO-CON/AGG construction industries exhibition captured the lead spot in the just-released “Top 250” trade show ranking of North American-based expositions. The Trade Show News Network (TSSN) compiles the annual list, based on net square feet of exhibit space. CONEXPO-CON/AGG 2014 - held every three years in Las Vegas and lastly in 2014 - won the top ranking for its record show space of more than 2.35 million net square feet. “We are honoured to receive this recognition,” said Megan
    Read More
  • UK output of machinery and equipment takes an early summer dip
    August 10, 2017
    UK output from companies involved in manufacturing equipment and parts turned down in June, according to the latest data from the Office for National Statistics (ONS). Output in June was 4.3% lower than May, but was still 3.3% higher than June 2016 levels. Output in June was the lowest for the past seven months - since November 2016 - and has resulted in the six-month moving average flattening out for the first time this year. Output in the second quarter of 2017 was 1% down on the first quarter, but was st
    Read More
  • India's first construction event a huge success
    April 5, 2012
    The first bC India event has exceeded all expectations and it is set to become a regular event. Patrick Smith reports A major new construction equipment show has been launched in a nation with a huge appetite for such machinery and a growth rate nudging 9% each year. With billions being spent on infrastructure (roads and highways, power stations, railways, ports and airports), India was a prime candidate for a trade fair to display the latest and local international construction machinery, building materia
    Read More

Highlighted Content