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

  • CECE Summit – is Europe ready for a digital construction worksite?
    November 20, 2015
    The CECE has voiced his concern over government regulations that could strangle innovation for the digitalisation of construction machinery. China’s imploding economy was another topic at the recent conference in Brussels, reports David Arminas. The CECE has urged the European Parliament and European Commission to enact legislation that promotes rather than hinders the construction sector’s transition to a digitalised way of working. “We need a smart regulatory framework that helps to unlock the full poten
    Read More
  • LiuGong’s Zeng Guang’an Spoke on the Development of the Manufacturing Industry at China’s National People’s Congress
    May 14, 2018
    The first session of the 13th National People's Congress (NPC) opened in the Great Hall of the People in Beijing recently. Chinese premier Li Keqiang delivered the annual report on the work of the government at the opening ceremony. Zeng Guang’an, NPC deputy for Guangxi Zhuang Autonomous Region and chairman of Guangxi Liugong Group, attended the conference. Zeng Guang’an listened to the Government Report and participated in the panel discussion of Guangxi Zhuang Autonomous Region. He reported to premier Li
    Read More
  • Italy’s construction market is growing
    November 18, 2019
    Investments in the construction sector continue to grow, driven by the resumption of public works.
    Read More
  • India plans major infrastucture investment
    February 10, 2012
    India says it turned its Commonwealth Games into a world-class success, and now it aims to do the same with its infrastructure. Patrick Smith reports. On October, 2010 India put itself on the world stage, and disaster appeared to loom as a catalogue of problems dogged its biggest ever sporting event. Costing nearly US$2 billion to stage, the most expensive Commonwealth Games ever were, according to some, in doubt.
    Read More

Highlighted Content