Brick by brick: Strong growth in building activity will bolster industry revenue

Following strong growth in building activity, particularly in California, industry revenue has increased over the five years to 2017. Residential building activity has been the primary catalyst for industry growth, with the value of residential construction in California skyrocketing over the past five years due to higher employment levels, rising per capita disposable income and expanded access to credit. Over the next five years, IBISWorld forecasts that revenue will continue growing at a slightly accelerated rate...read more.

Industry Statistics & Market Size
Revenue
$372m
Annual Growth 12-17
2.9%
Forecast Growth 17-22
Profit
Employment
892
Businesses
48
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Industry Threats & Opportunities

  • Residential building activity has been the primary catalyst for industry growth
  • Year-to-year growth over the five-year period has been slightly volatile
  • Industry growth is expected to continue and strengthen in the next five years
  • Industry Report - Industry Analysis Chapter

    As with its national counterpart, the California Construction Machinery Manufacturing industry produces a variety of building machinery and equipment, including excavators, bulldozers, power cranes and more. These machines are integral in residential and nonresidential building applications, as well as infrastructure projects. Over the five years to 2017, industry revenue has been rising at an estimated annualized rate of 2.9% to $371.8 million.Strong but uneven revenue growthIndustry revenue has risen in response to stronger demand from the building sector. California’s strong economic growth over the past five years has bolstered the state’s employment numbers and led to rising per capita incomes for consumers. Mor...purchase to read more.

    Additional Insights for the Construction Machinery Manufacturing in California Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Construction Machinery Manufacturing in California Industry are

  • Latest available technology and techniques
  • Meeting environmental requirements
  • Establishment of export markets
  • IBISWorld analysts also discuss how external factors such as Government funding for highways and Value of nonresidential construction in California in the Construction Machinery Manufacturing in California industry impact industry performance..

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    What is the Construction Machinery Manufacturing in California Industry?

    Industry operators manufacture construction machinery and equipment for use in residential, nonresidential, highway, street and other infrastructure construction.

    Industry Products
  • Power cranes, draglines and shovels
  • Other construction machinery, equipment and parts
  • Tractor Shovel Loaders
  • Bulldozers
  • Graders, maintainers, mixers, pavers and related equipment
  • Industry Activities
  • Backhoe
  • Bucket and excavator (e.g. clamshell, concrete, drag scraper, dragline and shovel)
  • Bulldozer
  • Construction-type crane
  • Portable crushing, pulverizing and screening machinery
  • Logging machinery
  • Roller, road construction and maintenance machinery
  • Power shovel
  • Crawler tractor
  • Off-highway truck
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Government funding for highways
  • Value of nonresidential construction in California
  • Value of Residential Construction in California
  • World price of steel

  • Current Performance
  • Strong but uneven revenue growth
  • Profit rises
  • Chart: Revenue Growth

  • Industry Outlook
  • Demand strengthens
  • Profit holds
  • Table: Construction Machinery Manufacturing in California Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Construction Machinery Manufacturing in California Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Construction
  • Construction & Mining Equipment Wholesaling
  • Heavy Equipment Rental

  • Key Selling Industries
  • Engine & Turbine Manufacturing
  • Metal Stamping & Forging
  • Power Tools & Other General Purpose Machinery Manufacturing
  • Steel Rolling & Drawing
  • Wind Turbine Manufacturing

  • Products & Services
  • Other construction machinery, equipment and parts
  • Power cranes, draglines and shovels
  • Other
  • Bulldozers
  • Tractor Shovel Loaders
  • Graders, maintainers, mixers, pavers and related equipment
  • Chart: Construction Machinery Manufacturing in California Industry Products and Services Segmentation

  • Major Markets
  • Nonresidential construction
  • Exports
  • Residential construction
  • Other
  • Chart: Major Market Segmentation for the Construction Machinery Manufacturing in California Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesRent and UtilitiesDepreciationOther
  • Chart: Cost Structure Benchmarking – Sector vs Construction Machinery Manufacturing in California

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Construction Machinery Manufacturing in California Industry

  • Multiquip Inc.De La Rosa Manufacturing Inc.Sweco Products Inc.Trenchers and Equipment Inc.
  • Table: Multiquip Inc. - financial performance
  • Table: De La Rosa Manufacturing Inc. - financial performance
  • Table: Sweco Products Inc. - financial performance
  • Table: Trenchers and Equipment Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Construction Machinery Manufacturing in California Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Construction Machinery Manufacturing in California Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Value of Residential Construction in California (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Dozer
  • A machine with a long blade that creates a flat surface.
  • Environmental Protection Agency (Epa)
  • A government agency designed to protect human health and safeguard the natural environment.
  • North American Free Trade Agreement (Nafta)
  • A generally duty-free agreement signed by the governments of Canada, Mexico and the United States creating a trilateral trade bloc in North America.
  • Safe, Accountable, Flexible, Efficient Transportat
  • Third in a series of federal multiyear transport infrastructure funding programs. Enacted in 2005.
  • Tractor Shovel Loaders
  • Construction equipment that includes different loader-backhoes, such as skid steer, wheel and crawler.
  • Why buy this report?

    IBISWorld’s Construction Machinery Manufacturing in California Industry Research Report contains up-to-date data and analysis, allowing you to identify the strengths and potential weaknesses of major companies in the industry. Build your credibility with clients and prospects by sharing insights into the current and emerging trends driving their industry. Our market research gives you the tools to win new business and keep existing clients.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Construction Machinery Manufacturing in California:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Construction Machinery Manufacturing in California market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Construction Machinery Manufacturing in California, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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