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

  • Trump loses key infrastructure adviser DJ Gribbin
    April 5, 2018
    The key infrastructure policy adviser to US president Donald Trump has resigned, according to US media reports. DJ Gribbin is "moving on" to pursue unspecified opportunities, a White House official told the Washington Examiner newspaper. Gribbin joined the White House staff in February 2017 to advise Trump on how he could fulfil his election promise to boost infrastructure spending with around US$200 billion. Gribbin previously worked as chief counsel for the Federal Highway Administration and general
    Read More
  • Importance of continued transportation investment
    February 27, 2012
    The US infrastructure network requires urgent attention - * T Peter Ruane. America's transportation infrastructure was once the "shining light on top of the hill." Major investments in a national highway, bridge, transit, airport, port and waterway system during the 20th century paid great dividends. The free and efficient flow of goods and people across the 50 states led to unparalleled economic expansion. The mobility and prosperity resulting from an interconnected infrastructure was a model for the world
    Read More
  • AEM’s 2050 Vision winner combines road and rail
    March 9, 2017
    Five finalists for the Association of Equipment Manufacturer’s (AEM’s) Infrastructure Vision 2050 Challenge fought for the winning place in a live final, held at CONEXPO-CON/AGG’s Tech Experience zone. The finalists had to pitch their ideas to three judges in one of the white Tech Experience domes.
    Read More
  • CECE Summit 2020: a shift in mindset needed
    January 29, 2020
    Digitalisation and sustainability focused minds at the recent biennial CECE Summit in Brussels
    Read More

Highlighted Content