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

  • Wacker Neuson Group confident for 2016 despite a difficult start
    May 13, 2016
    During the first quarter of 2016, international light and compact equipment manufacturer Wacker Neuson continued to feel the impact of difficult conditions across many of its markets, in particular in the Americas region. Although the group managed to maintain revenue at almost the same level as the record-breaking prior-year quarter, it reported lower profit figures for the period. Company management confirmed its forecast for fiscal 2016. Group revenue for the first quarter of 2016 amounted to €316.
    Read More
  • Manitou reports strong sales
    March 4, 2016
    Manitou reports strong sales for 2015, with a growth in sales revenues of 3% to reach €1.287 billion. The firm’s EBITDA from recurring operations hit €91 million (7%), a notable gain over the €78 million recorded in 2014. The firm reports a current operating profit of €61 million (4.7%), a growth of 3.9% over the €48 million achieved in 2014. Net income grew to €32 million for 2015, compared to €30 million for 2014. The firm reported a net debt of €66 million, giving a gearing ratio of 13%.
    Read More
  • Volvo CE: construction must reduce greenhouse emissions
    March 10, 2017
    Construction is the third highest sector for producing greenhouse gas emissions, behind the oil and gas sector and chemicals. Construction accounts for 30% of global greenhouse gas emissions – and around 76% of these come from fossil fuel combustion.
    Read More
  • Transforming bitumen for the future
    January 30, 2023
    It is easy to say that the road sector never changes, but the latest E&E Event, held last month suggests this is not true - Kristina Smith reports from Vienna
    Read More

Highlighted Content