Global Market ($ million): N/A
U.S. Industry Revenue ($ million): $26,900
Employees: 105,000,000
Companies: 1,200
U.S. Exports ($ million): $23,700
U.S. Imports ($ million): $14,800
Caterpillar, Inc. (Peoria, IL) (world’s largest manufacturers of construction machinery) |
Deere and Company (Moline, IL) |
Terex, Inc. (Westport, CT) |
Manitowoc Crane Group (Manitowoc, WI) |
Joy Global, Inc. (Milwaukee, WI) (one of the world’s largest manufacturers of underground mining machinery) |
Top 5 Foreign Companies
Komatsu (Japan) |
Fiat (Italy) |
Volvo (Sweden) |
Liebherr (Germany) |
Hitachi Construction Machinery (Japan) |
Canada |
Australia |
China |
Mexico |
Europe |
Top 5 International Issues
Elimination of Tariffs Worldwide |
China market access issues including currency valuation, enforcement of intellectual property protection, greater reliance on market-based principles |
Foreign laws and regulations limiting market access |
Availability of financing at competitive rates for infrastructure development |
Standardization of environmental and safety standards |
Top 4 Domestic Competitiveness Issues
Tax reform |
Energy costs |
Innovation and workforce development |
Congressional enactment of the “highway bill” |
Updated 5/2009