The report demonstrates the contribution of the equipment industry to the US economy, says Dennis Slater, president of the Association of Equipment Manufacturers
The off-highway equipment industry – which includes construction, mining, agriculture and forestry – generated $267 billion in direct sales in the US in 2016, and a further $95 billion in indirect sales from the supply chain, plus $55 billion in employee spending. This is among the findings of a new report released by the Association of Equipment Manufacturers (AEM) at CONEXPO-CON/AGG 2017.
Overall, the equipment manufacturing industry including all sectors supported almost 1.3 million jobs, and added $159 billion to the US gross domestic product.
The AEM will use the report to demonstrate to the Trump administration the importance of the equipment manufacturing industry to the US economy, said Dennis Slater, president of the AEM. Speaking at the launch of the report at CONEXPO-CON/AGG, he added that it should provide useful input when the administration considers its proposed new infrastructure budget.
The report was prepared for the AEM by IHS. It estimates that the off-highway equipment and ancillary products industry directly employed nearly 500,000 people in North America. Texas has the highest number of industry employees, followed by Illinois, Wisconsin and Ohio. The average income for the industry was $78,000, approximately 58% above the US national average, says the report.