Construction Machinery Manufacturing Market Research Report
time2017/05/12
- Construction Machinery Manufacturing Market Research Report
Industry Threats & Opportunities
The industry will grow as the value of residential and nonresidential construction improves
The industry is now experiencing a high level of competition from international producers
Growth in nonresidential construction is expected to drive industry demand
Industry Analysis & Industry Trends
The Construction Machinery Manufacturing industry has been challenged by the appreciating dollar and exchange rate dynamics in recent years. Export markets were quick to rebound following the recession, assisting rapid industry growth. However, this market declined once again as a rising US dollar and increasing competition ate into industry exports. Moreover, the exchange rate dynamic has increased the prevalence of low-cost import penetration into the market, putting price-competitive pressure on domestic manufacturers of industry products. The industry is expected to rebound somewhat over the next five years to 2022, as the value of residential and nonresidential construction improves, creating greater demand for industry products
Industry Report - Industry Locations Chapter
Production costs (e.g. labor and material costs) and the locations of downstream markets and upstream suppliers generally affect industry locations and employment. Many of the industry's major players also manufacture agricultural equipment, which has contributed to the location of some activity in regions with strong agricultural economies. Conversely, small players are usually spread more evenly across the United States. This trend explains why some regions account for a significant proportion of establishments but a relatively low level of employment and industry
shipments.Additional Insights for the Construction Machinery Manufacturing Industry
The most important for the Construction Machinery Manufacturing Industry are
Latest available technology and techniques
Meeting environmental requirements
Establishment of export markets
