Load it up: The industry will be assisted by government programs expanding domestic infrastructure spending
Construction machinery manufacturers have faced declines over the current period as various downstream markets have been volatile. Manufacturers have enjoyed favorable trade conditions as the US dollar strengthening relative to the Canadian dollar pushed up exports and weakened import penetration. Overall, industry-wide revenue has been falling at a CAGR of 1.4% over the past five years and is expected to total $2.8 billion in 2023, when revenue will dip by an estimated 6.3% and profit will climb to 5.4%.
This industry manufactures construction machinery and equipment for use in residential, nonresidential, highway, street and other infrastructure construction. This industry does not manufacture agricultural or mining vehicles such as farming tractors or mining drills.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry's key players and their market shares.
Table of Contents
Methodology
LOADING...
