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2024 U.S. Industry Statistics & Market Forecast - Agriculture, Construction, and Mining Machinery Manufacturing
Market Size & Industry Statistics
The total U.S. industry market size for Agriculture, Construction, and Mining Machinery Manufacturing:
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.
| Statistics | 2019 2020 2021 2022 2023 | |
|---|---|---|
| Market Size (Total Sales/Revenue) |
Order at top of page | |
| Total Firms | ||
| Total Employees | ||
| Average Revenue Per Firm | ||
| Average Employees Per Firm | ||
| Average Revenue Per Employee | ||
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 (%) | |||||
Industry Insights
Major trends affect the Agriculture, Construction, and Mining Machinery Manufacturing industry include:- Automation and robotics adoption
- Emphasis on sustainability and green machinery
- Integration of IoT and predictive maintenance
- Rising demand for precision agriculture technologies
- Global supply chain disruptions
- Increased focus on safety and regulatory compliance
- Shift towards electric and hybrid equipment
- Growth in emerging markets
- Reshoring of manufacturing operations
- Adoption of 3D printing for parts and equipment production
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.
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 Average | Percent of Sales (Industry Benchmark) |
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|---|---|---|
| Total Revenue | Order at top of page |
|
| 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 | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a Agriculture, Construction, and Mining Machinery Manufacturing company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.| Profitability & Valuation Ratios | Industry 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 Agriculture, Construction, and Mining Machinery Manufacturing 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). |
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| Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Agriculture, Construction, and Mining Machinery Manufacturing measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
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| Liquidity Ratios | Industry 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. |
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| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
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| Efficiency Ratios - Key Performance Indicators | Industry 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. |
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| Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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| Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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| 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. |
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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.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management Occupations | 7% | Order at top of page |
||
| Chief Executives | 0% | |||
| General and Operations Managers | 2% | |||
| Business and Financial Operations Occupations | 6% | |||
| Architecture and Engineering Occupations | 11% | |||
| Engineers | 8% | |||
| Office and Administrative Support Occupations | 9% | |||
| Production Occupations | 50% | |||
| Assemblers and Fabricators | 16% | |||
| Miscellaneous Assemblers and Fabricators | 12% | |||
| Metal Workers and Plastic Workers | 20% | |||
| Machinists | 6% | |||
| Machinists | 6% | |||
| Welding, Soldering, and Brazing Workers | 7% | |||
| Welders, Cutters, Solderers, and Brazers | 6% | |||
| Other Production Occupations | 10% | |||
Agriculture, Construction, and Mining Machinery Manufacturing Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Agriculture, Construction, and Mining Machinery Manufacturing 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 Agriculture, Construction, and Mining Machinery Manufacturing 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 Agriculture, Construction, and Mining Machinery Manufacturing industry. |
Source:
Innovation News
- Jun 13, 2024: Caterpillar patents Systems And Methods For Assembling A Hammer Tool
- Jun 13, 2024: Caterpillar patents Systems And Methods For Assembling A Hammer Tool
- Jun 13, 2024: Caterpillar patents Hydraulic Pump Or Motor With Mounting Configuration For Increased Torque
- May 01, 2024: Farmwise Labs raises $10 million in funding.
- Feb 02, 2024: Sonfarrel Aerospace raises $1 million in funding.
- Jan 31, 2024: National Oilwell Varco trademarks "SMART BED" - Monitoring and control systems for oil and gas wellstream processing systems that include natural gas dehydration units with catalyst media
- Jan 29, 2024: Hiniker trademarks "HINIKER" - electronic rate controllers and monitors for agricultural pesticide and fertilizer application equipment
- Jan 26, 2024: Sukup Manufacturing trademarks "ENGIN" - Mechanical grain spreaders and component parts associated therewith; Power-operated grain stirrers and component parts associated therewith; Power-operated grain augers and component parts associated therewith; Grain moving equipment
- May 12, 2023: Farmwise Labs raises $51 million in funding.
Recent Federal Contracts for Agriculture, Construction, and Mining Machinery Manufacturing
- Apr 02, 2024: BSE PERFORMANCE LLC (Peoria, AZ) awarded $93,480
- Apr 02, 2024: DEERE & COMPANY (Cary, NC) awarded $255,599
- Apr 02, 2024: FEDERAL PRISON INDUSTRIES, INC (Lexington, KY) awarded $35,004
- Apr 02, 2024: FINN CORP (Fairfield, OH) awarded $83,054
- Apr 02, 2024: JERRY PATE TURF & IRRIGATION INC (Pensacola, FL) awarded $17,678
- Apr 02, 2024: MISCELLANEOUS FOREIGN AWARDEES (Washington, DC) awarded $24,737
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