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2024 U.S. Industry Statistics & Market Forecast - Construction and Mining Machinery and Equipment Merchant Wholesalers


Market Size & Industry Statistics

The total U.S. industry market size for Construction and Mining Machinery and Equipment Merchant Wholesalers: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders. In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.

Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.

Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.

Statistics        2019        2020        2021        2022        2023
Market Size
(Total Sales/Revenue)


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Total Firms
Total Employees
Average Revenue Per Firm
Average Employees Per Firm
Average Revenue Per Employee
Statistics Source: U.S. Census, AnythingResearch Analysis of Federal Data



Market Forecast

Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.





Forecast / Industry Outlook 2024 2025 2026 2027 2028
Market Forecast ($ millions)
Projected Industry Growth Rate (%)
Source: AnythingResearch Economic Analysis

Industry Insights

The Construction and Mining Machinery and Equipment Merchant Wholesalers industry is heavily influenced by trends in technology adoption, safety regulations, and global economic factors. One key trend affecting the industry is the increasing use of technology to improve efficiency and safety. Equipment manufacturers are integrating technologies such as GPS, telematics, and automation to enable remote monitoring, predictive maintenance, and autonomous operation.

Another trend is the emphasis on safety regulations and standards. Governments and industry associations are mandating stricter safety regulations to prevent accidents and fatalities in construction and mining sites. This has led to an increase in demand for equipment that meets safety standards, such as those with backup cameras, collision warning systems, and automated emergency braking.

The industry is also influenced by global economic factors such as commodity prices and geopolitical tensions. Mining and construction companies tend to invest less during times of economic uncertainty or low commodity prices, resulting in lower demand for machinery and equipment. Conversely, rising commodity prices and stable political environments increase demand for machinery and equipment to support mining and construction activities.

Lastly, the push for sustainability and environmental regulations is a growing trend in the industry, with equipment manufacturers and wholesalers pivoting towards more sustainable practices and reducing emissions. This has led to an increase in demand for cleaner equipment, such as hybrid and electric-powered machinery.



Product & Services Breakdown

Research products and services in the Construction and Mining Machinery and Equipment Merchant Wholesalers industry generating sales. Note that products are broken into categories with different levels of classification.

Product DescriptionNumber of Companies Sales ($ millions) Percent of Total Sales

Industry Total

Heavy Trucks, Truck Bodies, Trailers, And Road Tractors, More Than 33, 000 Lb.

Electrical Apparatus And Equipment

Construction, Forestry, And Mining Machinery And Equipment, Including Parts And Attachments

New Off-Highway Wheel And Track-Laying Tractors

New Power Cranes, Draglines, And Shovels

New Mixers, Pavers, And Related Equipment

New Tractor Shovel Loaders

New Graders, Rollers, And Off-Highway Trucks

New Mining Machinery

Other New Construction, Mining, Logging, And Road Maintenance Machinery And Equipment

Used Construction And Mining Machinery And Equipment

Parts And Supplies For Construction, Mining, And Forestry Machinery And Equipment

Farm Machinery, Equipment, And Parts

New Farm Tractors

Other New Farm Machinery And Equipment

Used Farm Machinery And Equipment

Parts And Supplies For Farm Machinery And Equipment

General-Purpose Industrial Machinery, Equipment, And Parts

Materials Handling Machinery, Equipment, And Parts

Oil Well, Oil Field, Oil Refinery, And Pipeline Machinery, Equipment, And Supplies

Service Receipts And Labor Charges, Including Installed Parts

Labor Charges For Repair Work

Parts Installed In Repair Work

Other Service Receipts And Labor Charges

Receipts For Service Contracts

Miscellaneous Commodities

Rental And Operating Lease Receipts



U.S. Geographic Distribution: Revenue Statistics by State

Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.

U.S. map by state

Income Statement (Average Financial Metrics)

Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.

Industry AveragePercent of Sales
(Industry Benchmark)
Total Revenue

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Operating Revenue
Cost of Goods Sold
Gross Profit

Operating Expenses
Pension, profit sharing plans, stock, annuity
Repairs
Rent paid on business property
Charitable Contributions
Depletion
Domestic production activities deduction
Advertising
Compensation of officers
Salaries and wages
Employee benefit programs
Taxes and Licenses
Bad Debts
Depreciation
Amortization
Other Operating Expenses
Total Operating Expenses
Operating Income
Non-Operating Income
EBIT (Earnings Before Interest and Taxes)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit
Net Income
 
Source: AnythingResearch Analysis of U.S. federal statistics




Financial Ratio Analysis

Financial ratio information can be used to benchmark how a Construction and Mining Machinery and Equipment Merchant Wholesalers company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.

Profitability & Valuation RatiosIndustry Average
Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Construction and Mining Machinery and Equipment Merchant Wholesalers industry is performing.
Profit Margin
Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues.
Return on Equity (ROE)
Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings).
Return on Assets (ROA)
Return on Assets (ROA) is net income relative to total assets. The market research on Construction and Mining Machinery and Equipment Merchant Wholesalers measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.


Liquidity RatiosIndustry Average
Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability.
Current Ratio
Measures a firm's ability to pay its debts over the next 12 months.
Quick Ratio (Acid Test)
Calculates liquid assets relative to liabilities, excluding inventories.


Efficiency Ratios - Key Performance IndicatorsIndustry Average
Measure how quickly products and services sell, and effectively collections policies are implemented.
Receivables Turnover Ratio
If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections.
Average Collection Period
Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
Inventory Turnover
A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
Fixed-Asset Turnover
Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue.



Compensation & Salary Surveys for Employees

Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.

TitlePercent of WorkforceBottom Quartile Average (Median) SalaryUpper Quartile
Management Occupations 9%

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Top Executives 6%
Chief Executives0%
General and Operations Managers 5%
General and Operations Managers5%
Sales and Related Occupations 25%
Retail Sales Workers 5%
Sales Representatives, Wholesale and Manufacturing 16%
Sales Representatives, Wholesale and Manufacturing 16%
Sales Representatives, Wholesale and Manufacturing, Except Technical and Scientific Products 15%
Office and Administrative Support Occupations 16%
Installation, Maintenance, and Repair Occupations 22%
Vehicle and Mobile Equipment Mechanics, Installers, and Repairers 11%
Heavy Vehicle and Mobile Equipment Service Technicians and Mechanics 9%
Mobile Heavy Equipment Mechanics, Except Engines 6%
Other Installation, Maintenance, and Repair Occupations 8%
Industrial Machinery Installation, Repair, and Maintenance Workers 6%
Industrial Machinery Mechanics 5%
Production Occupations 6%
Transportation and Material Moving Occupations 12%
Material Moving Workers 7%
Laborers and Material Movers 6%
Source: Bureau of Labor Statistics


Construction and Mining Machinery and Equipment Merchant Wholesalers Competitor Landscape & Key Companies [PREMIUM]

The most influential companies in the Construction and Mining Machinery and Equipment Merchant Wholesalers industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Construction and Mining Machinery and Equipment Merchant Wholesalers industry and adjacent sectors:

Market Leaders:
Direct Competitors

Companies with the largest market share, focused in this industry
Market leaders:
Diversified Competitors

Largest companies that have diversified operations in this and other industries
Innovators:
Direct Competitors

Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry.
Innovators:
Diversified Competitors

Innovators and Disruptors in adjacent industries that may also affect the Construction and Mining Machinery and Equipment Merchant Wholesalers industry.
Source:
IncFact




Innovation News



Recent Federal Contracts for Construction and Mining Machinery and Equipment Merchant Wholesalers

  • Feb 13, 2024: MISCELLANEOUS FOREIGN AWARDEES (Washington, DC) awarded $11,858
  • Feb 09, 2024: PROYECTOS INGENIERIA ARQUITECTURA SOCIEDAD ANONIMA (San Jose, SAN JOSE) awarded $176,680
  • Feb 09, 2024: GREGORY POOLE EQUIPMENT COMPANY (Raleigh, NC) awarded $74,694
  • Feb 05, 2024: CLEVELAND BROTHERS EQUIPMENT CO INC (Murrysville, PA) awarded $94,969
  • Jan 24, 2024: HABITEK S.R.L. (Roma, ) awarded $530,787
  • Jan 17, 2024: PASCOAL MONTEIRO - CONSTRUCOES, LDA (Linda A Velha, ) awarded $10,354