The market is dominated by domestic suppliers, as imports account for 38.8% of total market size in 2022. B2B drives market demand, with B2B spending representing 93.0% of total demand in 2022. The US has the largest market size for machinery for construction, mining and quarrying across the top 20 developed countries, with demand reaching USD26.0 billion in 2022. Caterpillar Inc is the largest company in the US, generating 18.4% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 49.4% of total production value in 2022. The total number of companies increases in 2022, to 2,981 units. The costs of the industry increase by 7.4% in 2022, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 18.0% of production value in 2022, the third highest across the top 20 developed countries. The industry’s exports share increases in 2022 to 21.8% of total production output. With production value of USD36.3 billion, the US accounts for 86.2% of the North America total in 2022.
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This Euromonitor industrial report provides unique information on Machinery for Construction, Mining and Quarrying in the US: ISIC 2924. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Machinery for Construction, Mining and Quarrying in the US: ISIC 2924 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of general purpose machinery and special purpose machinery.
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