$132.5bn
$X.Xbn
104k
2,714
$X.Xbn
Construction and mining equipment wholesalers have witnessed a dynamic performance landscape over the past few years. The rollercoaster of market demands and economic shifts significantly impacted their revenue and operations. Spikes in housing starts and home improvements during 2020 and 2021, alongside the pivotal Infrastructure Investment and Jobs Act, promoted sales. Also, the oil and gas sector's boom, driven by high commodity prices, cemented growth in mining equipment sales. Although supply chain disruptions and rising costs pressured wholesale prices, wholesalers capitalized on these price adjustments, enhancing overall revenue. Industry revenue has been increasing at a CAGR of 1.7% over the past five years to total an estimated $132.5 billion in 2024, including an estimated gain of 3.5% in 2024.
Industry revenue has grown at a CAGR of 1.7 % over the past five years, to reach an estimated $132.5bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Komatsu Ltd | 3,959.3 | 282.6 | 7.1 | |
Ab Volvo | 1,429.6 | 64.3 | 4.5 | |
Liebherr Group | 809.9 | 35.2 | 4.4 |
To view the market share and analysis for all 6 top companies in this industry, view purchase options.
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.
Higher prices have pushed down new construction and mining equipment sales
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).
Purchase this report to view all 6 major companies in this industry.
NAICS 42381 - Construction & Mining Equipment Wholesaling in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Growth in varying markets spurred expansion. Strong investments by construction and mining industries boosted wholesaler growth, aided by rising equipment prices that transla...
Learn about an industry's products and services, markets and trends in international trade.
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...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
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 ...
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.
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...
Learn about the performance of the top companies in the industry.
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...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
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...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Wage costs have dropped as a share of revenue. This drop has been caused by strong revenue growth and investments in efficiency improvements.
Including values and annual change:
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.
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:
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:
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.
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.
Learn more about our methodology and data sourcing on the Help Center.
Unlock comprehensive answers and precise data upon purchase. View purchase options.
The market size of the Construction & Mining Equipment Wholesaling in the US industry in United States is $132.5bn 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.
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.
Over the next five years, the Construction & Mining Equipment Wholesaling in the US industry in United States is expected to grow.
The biggest companies operating in the Construction & Mining Equipment Wholesaling market in United States are Komatsu Ltd, Ab Volvo and Liebherr Group
Wholesaling excavating machinery and equipment and Wholesaling forestry machinery and equipment are part of the Construction & Mining Equipment Wholesaling in the US industry.
The company holding the most market share in United States is Komatsu Ltd.
The level of competition is low and steady in the Construction & Mining Equipment Wholesaling in the US industry in United States.