CONSTRUCTION & MINING MACHINERY

Global Market ($ million): N/A

U.S. Industry Revenue ($ million): $26,900

Employees: 105,000,000

Companies: 1,200

U.S. Exports ($ million): $23,700

U.S. Imports ($ million): $14,800

Top 5 U.S. Companies

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Caterpillar, Inc. (Peoria, IL) (world’s largest manufacturers of construction machinery)

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Deere and Company (Moline, IL)

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Terex, Inc. (Westport, CT)

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Manitowoc Crane Group (Manitowoc, WI)

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Joy Global, Inc. (Milwaukee, WI) (one of the world’s largest manufacturers of underground mining machinery)

Top 5 Foreign Companies

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Komatsu (Japan)

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Fiat (Italy)

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Volvo (Sweden)

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Liebherr (Germany)

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Hitachi Construction Machinery (Japan)

Top 5 International Markets

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Canada

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Australia

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China

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Mexico

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Europe

Top 5 International Issues

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Elimination of Tariffs Worldwide

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China market access issues including currency valuation, enforcement of intellectual property protection, greater reliance on market-based principles

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Foreign laws and regulations limiting market access

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Availability of financing at competitive rates for infrastructure development

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Standardization of environmental and safety standards

Top 4 Domestic Competitiveness Issues

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Tax reform

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Energy costs

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Innovation and workforce development

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Congressional enactment of the “highway bill”



Last Updated: 3/14/12 2:16 PM