U.S.: Construction Machinery Market 2025

Construction Machinery Market Size in the U.S.

The U.S. construction machinery market skyrocketed to $X in 2022, jumping by X% against the previous year. Over the period under review, consumption recorded a strong increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Construction Machinery Production in the U.S.

In value terms, construction machinery production stood at $X in 2022. In general, production, however, continues to indicate a mild reduction. The growth pace was the most rapid in 2017 when the production volume increased by X%. Construction machinery production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Construction Machinery Exports

Exports from the U.S.

After two years of growth, overseas shipments of construction machinery decreased by X% to X units in 2022. Over the period under review, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2021, and then shrank markedly in the following year.

In value terms, construction machinery exports surged to $X in 2022. In general, exports continue to indicate a perceptible curtailment. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Mexico (X units), China (X units) and Canada (X units) were the main destinations of construction machinery exports from the United States, together accounting for X% of total exports.

From 2013 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Canada ($X) remains the key foreign market for construction machinery exports from the United States, comprising X% of total exports. The second position in the ranking was held by Australia ($X), with a X% share of total exports. It was followed by Mexico, with a X% share.

From 2013 to 2022, the average annual rate of growth in terms of value to Canada amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (X% per year) and Mexico (X% per year).

Export Prices by Country

The average construction machinery export price stood at $X per unit in 2022, rising by X% against the previous year. Over the period under review, the export price, however, showed a sharp slump. Over the period under review, the average export prices reached the maximum at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per unit), while the average price for exports to China ($X per unit) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (X%), while the prices for the other major destinations experienced a decline.

Construction Machinery Imports

Imports into the U.S.

In 2022, the amount of construction machinery imported into the United States skyrocketed to X units, growing by X% compared with 2021 figures. In general, imports recorded a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, construction machinery imports skyrocketed to $X in 2022. Over the period under review, total imports indicated a strong expansion from 2013 to 2022: its value increased at an average annual rate of X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest construction machinery supplier to the United States, with a X% share of total imports. Moreover, construction machinery imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), twofold. Canada (X units) ranked third in terms of total imports with a X% share.

From 2013 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and Canada (X% per year).

In value terms, the largest construction machinery suppliers to the United States were Japan ($X), Mexico ($X) and Germany ($X), with a combined X% share of total imports. Canada, China, South Korea, Italy, India and Taiwan (Chinese) lagged somewhat behind, together accounting for a further X%.

India, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average construction machinery import price amounted to $X per unit, growing by X% against the previous year. In general, the import price, however, faced a abrupt decline. The growth pace was the most rapid in 2015 when the average import price increased by X%. The import price peaked at $X per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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