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

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

Deere and Company (Moline, IL)

Terex, Inc. (Westport, CT)

Manitowoc Crane Group (Manitowoc, WI)

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

Top 5 Foreign Companies

Komatsu (Japan)

Fiat (Italy)

Volvo (Sweden)

Liebherr (Germany)

Hitachi Construction Machinery (Japan)

Canada

Australia

China

Mexico

Europe

Top 5 International Issues

Elimination of Tariffs Worldwide

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

Foreign laws and regulations limiting market access

Availability of financing at competitive rates for infrastructure development

Standardization of environmental and safety standards

Top 4 Domestic Competitiveness Issues

Tax reform

Energy costs

Innovation and workforce development

Congressional enactment of the “highway bill”

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

Main Topics