Industry Statistics and Trends
Market size and recent performance (2014-2029)
Industry revenue has grown at a CAGR of 1.7 % over the past five years, to reach an estimated $132.5bn in 2024.
Trends and Insights
Building markets have fluctuated but provided growth
- Strong growth in residential construction activity in 2020 and 2021 amid low interest rates provided construction and mining equipment wholesalers with a boost as nonresidential construction activity lagged. Still, interest rate hikes in 2022 and 2023 slowed this growth in residential construction activity. Low housing stock and interest rate cuts have led to a recovery in new single-family construction, boosting investments in construction equipment.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
The residential construction market will continue to expand
- According to online real estate firm Zillow, there were 4.5 million fewer homes than needed in 2022, a gain of 200,000.0 from 2021. The need for additional housing will support both single-family and multifamily residential construction activity, boosting investments in new construction machinery.
Biggest companies in the Construction & Mining Equipment Wholesaling in the US
| Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
Komatsu Ltd | 6,126.3 | 913.2 | 14.9 | |
Tigercat Industries Inc. | 79.6 | 3.6 | 4.5 | |
Ponsse PLC | 41.2 | 1.9 | 4.5 |
To view the market share and analysis for all 3 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including New construction and mining equipment, Used construction and mining equipment and Parts and supplies. New construction and mining equipment is the largest segment of the Construction & Mining Equipment Wholesaling in the US.
Trends and Insights
Higher prices have pushed down new construction and mining equipment sales
- Products include off-highway wheel and track-laying tractors, power cranes, draglines and shovels; mixers and pavers; shovel loaders, graders, rollers and off-highway trucks; and other assorted mining machinery such as mining drilling rigs; mineral processors (which separate valuable minerals from their ores); ore crushers, washers, screeners and loaders.
- More insights available in the full report
Table of Contents
About this industry
Industry definition
Operators in this industry wholesale specialized machinery and equipment that is used in construction and mining operations. This industry does not include wholesalers of oil and natural gas machinery and equipment, which are included in the Industrial Machinery and Equipment Wholesaling industry (IBISWorld report 42383).
What's included in this industry?
Wholesaling excavating machinery and equipment Wholesaling forestry machinery and equipment Wholesaling mining cranes Wholesaling concrete processing equipment Wholesaling cranes (except industrial) Wholesaling logging equipment Wholesaling mining machinery and equipment (except petroleum) Wholesaling quarrying machinery and equipment Wholesaling street sweeping and cleaning equipmentCompanies
Komatsu LtdTigercat Industries Inc.Ponsse PLCPurchase this report to view all 3 major companies in this industry.
Related Terms
GRADERROLLEREXCAVATORDRAGLINETRACTORCONTINUOUS MINING MACHINEFORKLIFTCHERRY PICKERDRILLING RIGIndustry Code
NAICS 42381 - Construction & Mining Equipment Wholesaling in the US
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Growth in varying markets spurred expansion. Strong investments by construction and mining industries boosted wholesaler growth, aided by rising equipment prices that transla...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Contractors are using parts to save costs and extend equipment life. With rising equipment prices, more customers are buying parts to prolong their machinery's lifespan and p...
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2024
- Product innovation level
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Wholesalers position themselves close to industrial hubs for strategic advantages. They concentrate in the Great Lakes region to benefit from proximity to both suppliers and ...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each state
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each state in 2024
- Number and share of revenue each state accounts for in 2024
- Number and share of wages each state accounts for in 2024
- Number and share of employees in each state in 2024
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Wholesalers gain an edge with exclusive distribution rights to a brand in a specific region. Such rights limit competition, providing a distinct advantage leading to increase...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
No single company holds more than 5.0% of the market. Manufacturers grant wholesalers exclusive distribution rights within their regional hubs. This decentralized control ind...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
- Overview of Komatsu Ltd's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Tigercat Industries Inc.'s performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Ponsse PLC's performance by revenue, market share and profit margin from 2018 through 2024
Detailed analysis
- Description and key data for Komatsu Ltd, and factors influencing its performance in the industry
- Description and key data for Tigercat Industries Inc., and factors influencing its performance in the industry
- Description and key data for Ponsse PLC, and factors influencing its performance in the industry
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
New environmental regulations can hike machinery emissions compliance costs. These higher production costs may be passed on to wholesalers, who might struggle to transfer the...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Wage costs have dropped as a share of revenue. This drop has been caused by strong revenue growth and investments in efficiency improvements.
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Industry Multiples (2017-2022)
- Industry Tax Structure (2017-2022)
- Income Statement (2017-2022)
- Balance Sheet (2017-2022)
- Liquidity Ratios (2017-2022)
- Coverage Ratios (2017-2022)
- Leverage Ratios (2017-2022)
- Operating Ratios (2017-2022)
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Top Questions Answered
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Construction & Mining Equipment Wholesaling in the US industry in United States in 2024?
The market size of the Construction & Mining Equipment Wholesaling in the US industry in United States is $132.5bn in 2024.
How many businesses are there in the Construction & Mining Equipment Wholesaling in the US industry in 2024?
There are 2,714 businesses in the Construction & Mining Equipment Wholesaling in the US industry in United States, which has grown at a CAGR of 0.4 % between 2019 and 2024.
Has the Construction & Mining Equipment Wholesaling in the US industry in United States grown or declined over the past 5 years?
The market size of the Construction & Mining Equipment Wholesaling in the US industry in United States has been growing at a CAGR of 1.7 % between 2019 and 2024.
What is the forecast growth of the Construction & Mining Equipment Wholesaling in the US industry in United States over the next 5 years?
Over the next five years, the Construction & Mining Equipment Wholesaling in the US industry in United States is expected to grow.
What are the biggest companies in the Construction & Mining Equipment Wholesaling in the US market in United States?
The biggest companies operating in the Construction & Mining Equipment Wholesaling market in United States are Komatsu Ltd, Tigercat Industries Inc. and Ponsse PLC
What does the Construction & Mining Equipment Wholesaling in the US in United States include?
Wholesaling excavating machinery and equipment and Wholesaling forestry machinery and equipment are part of the Construction & Mining Equipment Wholesaling in the US industry.
Which companies have the highest market share in the Construction & Mining Equipment Wholesaling in the US in United States?
The company holding the most market share in United States is Komatsu Ltd.
How competitive is the Construction & Mining Equipment Wholesaling in the US industry in United States?
The level of competition is low and steady in the Construction & Mining Equipment Wholesaling in the US industry in United States.
Related Industries
Widen your competitive advantage with related industries
Competitors
- Industrial Machinery & Equipment Wholesaling in the US
- Aircraft, Marine & Railroad Transportation Equipment Wholesaling in the US
Complementors
- Farm, Lawn & Garden Equipment Wholesaling in the US
- Industrial Supplies Wholesaling in the US
- Janitorial Equipment Supply Wholesaling in the US
International industries
- Construction & Forestry Equipment Wholesaling in Canada
- Mining, Oil & Gas Machinery Wholesaling in Canada
- Farm and Construction Machinery Wholesaling in Australia
- Mining and Industrial Machinery Wholesaling in Australia
- Agricultural and Construction Machinery Wholesaling in New Zealand
View all industries in United States
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the US include:
- US Census Bureau
- US Bureau of Labor Statistics
- US International Trade Commission
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
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