U.S. Market for Construction Machinery Manufacturing

Table of Contents

Chapter 1 Executive Summary

• Scope
• Methodology
• Market Size and Growth
  • U.S. Market Reaches $24.8 Billion in 2006
  • Figure 1-1 U.S. Construction Machinery Market, 1997-2006 (in billion $)
  • Growth Seen in Nearly All Categories
  • Table 1-1 U.S. Construction Machinery Market by Category, 1997-2006 (in million $)
  • Two Categories Account for 52% of Total Market
  • Figure 1-2 U.S. Construction Machinery Market Share by Category, 2006 (%)
  • Shipments Match U.S. Market in 2006
  • Figure 1-3 U.S. Construction Machinery Shipments, 1997-2006 (in billion $)
  • Table 1-2 U.S. Construction Machinery Shipments by Category, 1997-2006 (in million $)
  • Imports, Exports Boom to Record Levels
  • Table 1-3 U.S. Construction Machinery Imports and Exports, 1997-2006 (in billion $)
  • Imports Driven by All Categories
  • Table 1-4 U.S. Construction Machinery Imports by Category, 1997-2006, (in million $)
  • Export Growth Fueled by Trucks & Trailers
  • Table 1-5 U.S. Construction Machinery Exports by Category, 1997-2006, (in million $)
• Forecast
  • U.S. Market to Decline Near Term, Reach $26.0 billion by 2011
  • Figure 1-4 U.S. Construction Machinery Market Forecast, 2006-2007 (in billion $)
  • General Economic and Market Trends
  • GDP Forecasted Growth at Modest 2.1% for 2007
  • Figure 1-5 Current-Dollar and Real GDP, 2002-2006 (in trillion $)
  • Economy, Inflation Prompt Interest Rates to Rise
  • Figure 1-6 Federal Funds Target Rate at End of Year, 2002-Sep-07
  • Looking Ahead
• Construction Spending
  • Non-residential Overtakes Residential Construction
  • Figure 1-7 U.S. Residential, Non-residential and Total Construction
  • Monthly Values, January 2006-July 2007 (in billion $)
  • Private Sector Growth Slows, Public Booms in 2006
  • Figure 1-8 U.S. Private, Public and Total Construction Monthly Values, January 2006-July 2007 (in billion $)
  • Figure 1-9 U.S. Monthly Private, Public and Total Construction Spending, Year-over-Year % Changes, January 2007-July 2007
• Supply Challenges
  • Increased Commodity Prices, Demand Lead to Higher
  • Producer Prices
  • Figure 1-10 Producer Price Indexes for Construction Machinery and Selected Categories, 1997-2006
• Industry and Market Trends
  • Infrastructure Rehabilitation Boom
  • Figure 1-11 U.S. Government Infrastructure Spending by Category, 1956-2004 (in millions of 2006 $)
  • May 2007 Wartime Funding Measure
  • Costs May Squeeze End-User Demand for Machinery
  • Green Machines and Standards
  • Compact Equipment for the Future
  • Going Hi-tech with GPS and Equipment Monitoring
• Distribution and Marketing Trends
  • Distribution Relationships Consolidate
  • Rental, Used and New Converge
  • Trial Drives Purchase of Innovative Products
  • Targeted End-User Marketing

Chapter 2 The Market

• Scope
• Methodology
• Market Size and Growth
  • U.S. Market Reaches $24.8 Billion in 2006
  • Figure 2-1 U.S. Construction Machinery Market, 1997-2006 (in billion $)
  • Table 2-1 U.S. Construction Machinery Market and Yearly % Growth, 1997-2006 (in billion $)
  • Growth Seen in Nearly All Categories
  • A Note About Machinery Attachments Data for 1999-2001
  • Table 2-2 U.S. Construction Machinery Market by Category, 1997-2006 (in million $)
  • Two Categories Account for 52% of Total Market
  • Figure 2-2 U.S. Construction Machinery Market Share by Category, 2006 (%)
  • Figure 2-3 U.S. Construction Machinery Market, 10-Year Growth Trends by Category, 1997-2006 (in million $)
  • Shipments Figure 2-4 U.S. Construction Machinery Shipments, 1997-2006 (in billion $)
  • Table 2-3 U.S. Construction Machinery Shipments and Yearly % Growth, 1997-2006 (in billion $)
  • U.S. Manufacturing Captures Less of U.S. Market
  • Figure 2-5 U.S. Construction Machinery Net Shipments and Share of Total Market, 1997-2006 (in billion $)
  • Shipments Grow Slower Than Market
  • Table 2-4 U.S. Construction Machinery Shipments by Category, 1997-2006 (in million $)
• Construction Machinery Category Overviews
  • Tractor Shovel Loaders Lose Traction, Slip to $6.4 Billion
  • Figure 2-6 U.S. Tractor Shovel Loader Market and Share of Total Market, 1997-2006 (in billion $)
  • Table 2-5 U.S. Tractor Shovel Loader Market and Yearly % Growth, 1997-2006 (in million $)
  • Tractor Shovel Loader Net Shipments
  • Figure 2-7 U.S. Tractor Shovel Loader Net Shipments and Share of Category Market Value, 1997-2006 (in billion $)
  • Power Cranes, Draglines & Excavators Boom to $6.4 Billion
  • Figure 2-8 U.S. Power Crane, Dragline & Excavator Market and Share of Total Market, 1997-2006 (in billion $)
  • Table 2-6 U.S. Power Crane, Dragline & Excavator Market and Yearly % Growth, 1997-2006 (in million $)
  • Power Crane, Dragline & Excavator Net Shipments
  • Figure 2-9 U.S. Power Crane, Dragline & Excavator Net Shipments and Share of Category Market Value,1997-2006 (in billion $)
  • Personnel Aerial Work Platforms Escalate to $3.0 Billion
  • Figure 2-10 U.S. Personnel Aerial Work Platform Shipments and Share of Total Market, 1997-2006 (in billion $)
  • Table 2-7 U.S. Personnel Aerial Work Platform Shipments and Yearly % Growth, 1997-2006 (in million $)
  • Crawlers & Off-highway Wheel Tractors Crawl to $2.8 Billion
  • Figure 2-11 U.S. Crawler & Off-highway Wheel Tractor Market and Share of Total Market, 1997-2006 (in billion $)
  • Table 2-8 U.S. Crawler & Off-highway Wheel Tractor Market and Yearly % Growth, 1997-2006 (in million $)
  • Crawler & Off-highway Wheel Tractor Net Shipments
  • Figure 2-12 U.S. Crawler & Off-highway Wheel Tractor Net Shipments and Share of Category Market Value, 1997-2006 (in billion $)
  • Mixers & Pavers Surface to $2.1 Billion
  • Figure 2-13 U.S. Mixer & Paver Market and Share of Total Market, 1997-2006 (in billion $)
  • Table 2-8 U.S. Mixer & Paver Market and Yearly % Growth, 1997-2006 (in million $)
  • Mixer & Paver Net Shipments
  • Figure 2-14 U.S. Mixer & Paver Net Shipments and Share of Category Market Value, 1997-2006 (in billion $)
  • Motor Graders & Light Maintainers Decline to $2.0 Billion
  • Figure 2-15 U.S. Motor Grader & Light Maintainer Market and Share of Total Market, 1997-2006 (in billion $)
  • Table 2-9 U.S. Motor Grader & Light Maintainer Market and Yearly % Growth, 1997-2006 (in million $)
  • Motor Grader & Light Maintainer Net Shipments
  • Figure 2-16 U.S. Motor Grader & Light Maintainer Net Shipments and Share of Category Market Value, 1997-2006 (in billion $)
  • Off-highway Trucks & Trailers Drop to $938.7 Million
  • Figure 2-17 U.S. Off-highway Truck & Trailer Market and Share of Total Market, 1997-2006 (in million $)
  • Table 2-10 U.S. Off-highway Truck & Trailer Market and Yearly % Growth, 1997-2006 (in million $)
  • Off-highway Truck & Trailer Net Shipments
  • Figure 2-18 U.S. Off-highway Truck & Trailer Net Shipments and Share of Category Total, 1997-2006 (in billion $)
  • Machinery Attachments Bolt to $885.1 Million
  • Figure 2-19 U.S. Machinery Attachment Market and Share of Total Market, 2002-2006 (in million $)
  • Table 2-10 U.S. Machinery Attachment Market and Yearly % Growth, 1997-2006 (in million $)
  • Machinery Attachment Net Shipments
  • Figure 2-20 U.S. Machinery Attachment Net Shipments, 1997-2006 (in billion $)
  • Winches Pull in $294.8 Million
  • Figure 2-21 U.S. Winch Market and Share of Total Market, 1997-2006 (in million $)
  • Table 2-11 U.S. Winch Market and Yearly % Growth, 1997-2006 (in million $)
  • Winch Net Shipments
  • Figure 2-22 U.S. Winch Net Shipments and Share of Category Market Value, 1997-2006 (in billion $)
• Forecast
  • Residential Construction Weighs on Growth
  • U.S. Market to Decline Near Term, Reach $26.0 billion by 2011
  • Figure 2-23 U.S. Construction Machinery Market Forecast, 2006-2007 (in billion $)
  • Table 2-12 U.S. Construction Machinery Market Forecast and Yearly % Growth, 2007-2011 (in billion $)

Chapter 3 Imports and Exports

• Imports, Exports Boom to Record Levels Table 3-1 U.S. Construction Machinery Shipments, Imports and Exports, 1997-2006 (in billion $)
• Figure 3-1 U.S. Construction Machinery Exports as a % of Shipments, Imports as a % of Consumption and Net Shipments as a % of Apparent Consumption, 1997-2006 (%)
• Imports Driven by All Categories
• Table 3-2 U.S. Construction Machinery Imports by Category, 1997-2006, (in million $)
• Figure 3-2 Share of U.S. Construction Machinery Imports by Category, 2006 (%)
• Figure 3-3 U.S. Construction Machinery Imports, 10-Year Growth Trends by Category, 1997-2006 (in million $)
• Export Growth Fueled by Trucks & Trailers
• Table 3-3 U.S. Construction Machinery Exports by Category, 1997-2006, (in million $)
• Figure 3-4 Share of U.S. Construction Machinery Exports by Category, 2006 (%)
• Figure 3-5 U.S. Construction Machinery Exports, 10-Year Growth Trends by Category, 1997-2006 (in million $)
• Shovel Excavators Lead Product Imports
• Table 3-4 Top 25 U.S. Construction Machinery Imports by Product Type, 1997-2006 (in million $)
• Front-end Shovel Loaders, Heavy Dumpers Top Exports
• Table 3-5 Top 25 U.S. Construction Machinery Exports by Product Type, 1997-2006, (in million $)

• Imports and Exports by Category
  • Power Cranes, Draglines & Excavators
  • Figure 3-6 U.S. Power Crane, Dragline & Excavator Imports and Share of Category Market Value, 1997-2006 (in billion $)
  • Figure 3-7 U.S. Power Crane, Dragline & Excavator Exports and Share of Category Shipments, 1997-2006 (in million $)
  • Mixers & Pavers
  • Figure 3-8 U.S. Mixer & Paver Imports and Share of Category Market Value, 1997-2006 (in million $)
  • Figure 3-9 U.S. Mixer & Paver Exports and Share of Category Shipments, 1997-2006 (in million $)
  • Off-Highway Trucks & Trailers
  • Figure 3-10 U.S. Off-Highway Truck & Trailer Imports and Share of Category Market Value, 1997-2006 (in million $)
  • Figure 3-11 U.S. Off-Highway Truck & Trailer Exports and Share of Category Shipments, 1997-2006 (in million $)
  • Tractor Shovel Loaders
  • Figure 3-12 U.S. Tractor Shovel Loader Imports and Share of Category Market Value, 1997-2006 (in million $)
  • Figure 3-13 U.S. Tractor Shovel Loader Exports and Share of Category Shipments, 1997-2006 (in million $)
  • Crawler & Off-highway Wheel Tractors
  • Figure 3-14 U.S. Crawler & Off-highway Wheel Tractor Imports and Share of Category Market Value, 1997-2006 (in million $)
  • Figure 3-15 U.S. Crawler & Off-highway Wheel Tractor Exports and Share of Category Shipments, 1997-2006 (in million $)
  • Motor Graders & Light Maintainers
  • Figure 3-16 U.S. Motor Grader & Light Maintainer Imports and Share of Category Market Value, 1997-2006 (in million $)
  • Figure 3-17 U.S. Motor Grader & Light Maintainer Exports and Share of Category Shipments, 1997-2006 (in million $)
  • Machinery Attachments
  • Figure 3-18 U.S. Machinery Attachment Imports and Share of Category' s Apparent Consumption*, 1997-2006 (in million $)
  • Figure 3-19 U.S. Machinery Attachment Exports and Share of Category Shipments, 1997-2006 (in million $)
  • Winches
  • Figure 3-20 U.S. Winch Imports and Share of Category Market Value, 1997-2006 (in million $)
  • Figure 3-21 U.S. Winch Exports and Share of Category Shipments, 1997-2006 (in million $)
• Imports and Exports by Country of Origin
  • Japan Leading U.S. Supplier
  • Table 3-6 U.S. Construction Machinery Imports by Country of Origin, 1997-2006 (in million $)
  • Table 3-6 Cont. U.S. Construction Machinery Imports by Country of Origin, 1997-2006 (in million $)
  • Canada Leads Purchasing
  • Table 3-7 U.S. Construction Machinery Exports by Country of Destination, 1997-2006 (in million $)

Chapter 4 Economic Growth Factors

• Overview
• General Economic and Market Trends
  • GDP Forecasted Growth at Modest 2.1% for 2007
  • Figure 4-1 Current-Dollar and Real GDP, 2002-2006 (in trillion $)
  • Figure 4-2 Percentage Changes in Current-Dollar GDP, Real GDP and GDP Price Index, 2002-2006 (%)
  • Economy, Inflation Prompt Interest Rates to Rise
  • Figure 4-3 Federal Funds Target Rate at End of Year, 2002-September 2007
  • Interest Rate Effect on Construction Machinery
  • Credit Crisis Prompts Fed Easing
  • Looking Ahead
• Construction Spending
  • Figure 4-4 U.S. Residential, Non-residential and Total Construction Values, 1997-2006 (in billion $)
  • Non-residential Overtakes Residential Construction
  • Figure 4-5 U.S. Residential, Non-residential and Total Construction
  • Monthly Values, January 2006-July 2007 (in billion $)
  • Tougher Times for Non-residential Construction?
  • Figure 4-6 U.S. Monthly Residential, Non-residential and Total
  • Construction Spending, Year-over-Year % Changes, January 2007- Jul-07
  • The Bottom May Be Near
  • Non-residential Construction Spending by Sector
  • Table 4-1 U.S. Non-residential Construction Values by Sector, 2002-2006 (in billion $)
  • Growth Slowing, Still Strong
  • Table 4-2 Year-over-Year Changes in U.S. Non-residential Construction Values by Sector, January and July 2006 vs. January and July 2007 (in billion $)
• Residential Markets Head South
  • New Home Sales
  • Figure 4-7 U.S. New Single Family Home Sales by Region, January 1997-July 2007 (thousands of units)
  • Existing Home Sales
  • Pending Home Sales
  • Figure 4-8 U.S. Existing Home Sales by Region, 2004-2006 (annual) and August 2006-August 2007 (thousands of units)
  • Figure 4-9 U.S. Pending Home Sales Index by Region, 2004-2005 (annual), 1st Half 2006 and July 2006-July 2007
  • Building Permits
  • Figure 4-10 U.S. New Housing Units Authorized by Building Permits,
  • January 1997-August 2007
  • Private Sector Growth Slows, Public Booms in 2006
  • Figure 4-11 U.S. Private, Public and Total Construction Values, 1997-2006 (in billion $)
  • Table 4-3 U.S. Private, Public and Total Construction Values, 1997-2006 (in billion $)
  • Trend Continues in 2007
  • Figure 4-12 U.S. Private, Public and Total Construction Monthly Values, January 2006-July 2007 (in billion $)
  • Public Sector Construction to Have Best Year in 2007
  • Figure 4-13 U.S. Monthly Private, Public and Total Construction
  • Spending, Year-over-Year % Changes, January 2007-July 2007
• Supply Challenges
• Increased Commodity Prices, Demand Lead to Higher
• Producer Prices
• Figure 4-14 Producer Price Indexes for Selected Commodities, 1997-2006
• Figure 4-15 Producer Price Indexes for Construction Machinery and Selected Categories, 1997-2006
• Machinery Price Increases

Chapter 5 Industry and Market Trends

• Infrastructure Rehabilitation Boom
• A Closer Look at Infrastructure Spending
• Figure 5-1 U.S. Government Infrastructure Spending by Category, 1956-2004 (in millions of 2006 $)
• Figure 5-2 Share of U.S. Government Infrastructure Spending by Category, 1956-2004 (% of total)
• Figure 5-3 U.S. Federal vs. State & Local Government Infrastructure Spending, 1956-2004 (in millions of 2006 $)
• Figure 5-4 Share of U.S. Federal vs. State & Local Government
• Infrastructure Spending, 1956-2004 (% of total)
• May 2007 Wartime Funding Measure
• Costs May Squeeze End-User Demand for Machinery
• Table 5-1 Top 25 Contractors, 2007
• A Closer Look at Road Building
• Green Machines and Standards
• EPA Diesel Engine Emission Standards
• Sustainability Through Remanufacturing
• Compact Equipment for the Future
• Telehandlers and Small-size Excavators
• Table 5-2 Selected Compact Construction Machinery Introductions, 2006-2007
• Going Hi-tech with GPS and Equipment Monitoring
• Locating Missing Vehicles
• Machinery Management Systems

Chapter 6 Distribution and Marketing Trends

• Distribution Relationships Consolidate
• Retail Prices and Key Marketing Determined by Dealers
• Rental, Used and New Converge
• Table 6-1 Top 25 Rental Outlets, 2007
• Trial Drives Purchase of Innovative Products
• Targeted End-User Marketing

Chapter 7 Corporate Profiles

• Overview
• The Companies
• Competition
• Financing
• Corporate Strategies
• Significant Event: Ingersoll Rand Divests
• Selected Corporate Profiles
• Caterpillar, Inc.
  • Overview
  • Machinery
  • Logistics Services
  • Engines
  • Financial Products
  • Performance
  • Figure 7-1 Estimated U.S. Revenues of Caterpillar Construction Machinery, 2002-2006 (in billion $)
  • Product Portfolio
  • Table 7-1 Caterpillar Product Portfolio, 2007
  • Significant Events
• CNH Global N.V.
  • Overview
  • Performance
  • Figure 7-2 Estimated U.S. Revenues of CNH Construction Machinery, 2002-2006 (in billion $)
  • Product Portfolio
  • Table 7-2 Case Product Portfolio, 2007
  • Table 7-3 New Holland Product Portfolio, 2007
  • Table 7-4 Kobelco Product Portfolio, 2007
  • Significant Events
• Deere & Company
  • Overview
  • Performance
  • Figure 7-3 Estimated U.S. Revenues of Deere Construction Machinery, 2002-2006 (in billion $)
  • Product Portfolio
  • Table 7-5 Deere Product Portfolio, 2007
  • Significant Events
• Komatsu Ltd.
  • Overview
  • Performance
  • Figure 7-4 Estimated U.S. Revenues of Komatsu Construction
  • Machinery, 2002-2006 (in billion $)
  • Product Portfolio
  • Significant Events
• Terex Corp.
  • Aerial Work Platforms
  • Construction
  • Cranes
  • Materials Processing & Mining
  • Roadbuilding, Utility Products & Other
  • Performance
  • Figure 7-5 Estimated U.S. Revenues of Terex Construction Machinery, 2002-2006 (in billion $)
  • Product Portfolio
  • Table 7-6 Terex Product Portfolio, 2007
  • Table 7-7 Genie Product Portfolio, 2007
  • Table 7-8 Bid-Well Product Portfolio, 2007
  • Table 7-9 Powerscreen Product Portfolio, 2007
  • Significant Events
• Volvo Construction Equipment North America, Inc.
  • Overview
  • Performance
  • Figure 7-6 Estimated U.S. Revenues of Volvo Group Construction
  • Machinery and Ingersoll Rand Road Construction, 2002-2006 (in billion $)
  • Product Portfolio
  • Significant Events
• The Manitowoc Company, Inc.
  • Overview
  • Performance
  • Figure 7-7 Estimated U.S. Revenues of Manitowoc Construction
  • Machinery, 2002-2006 (in billion $)
  • Product Portfolio
  • Table 7-10 Manitowoc Product Portfolio, 2007
  • Source: Manitowoc corporate website; as viewed on Sept. 3, 2007.
  • Table 7-11 Grove Product Portfolio, 2007
  • Table 7-12 National Crane Product Portfolio, 2007
  • Table 7-13 Potain Product Portfolio, 2007
  • Significant Events
• Doosan Infracore Co. Ltd.
  • Overview
  • Performance
  • Figure 7-8 Estimated U.S. Revenues of Doosan Infracore Construction Machinery and Ingersoll Rand' s Bobcat, 2002-2006 (in billion $)
  • Product Portfolio
  • Table 7-14 Doosan Infracore Product Portfolio, 2007
  • Table 7-15 Bobcat Product Portfolio, 2007
• Hitachi Construction Machinery Co. Ltd.
  • Overview
  • Performance
  • Figure 7-9 Estimated U.S. Revenues of Hitachi Construction Machinery, 2002-2006 (in billion $)
  • Product Portfolio
  • Table 7-16 HCM Product Portfolio, 2007
  • Significant Events