Establishments primarily engaged in manufacturing heavy machinery and equipment of a type used primarily by the construction industries, such as bulldozers; concrete mixers; cranes, except industrial plant overhead and truck-type cranes; dredging machinery; pavers; and power shovels. Also included in this industry are establishments primarily engaged in manufacturing forestry equipment and certain specialized equipment, not elsewhere classified, similar to that used by the construction industries, such as elevating platforms, ship cranes and capstans, aerial work platforms, and automobile wrecker hoists. Establishments primarily engaged in manufacturing mining equipment are classified in Industry 3532; those manufacturing well-drilling machinery are classified in Industry 3533; those manufacturing industrial plant overhead traveling cranes are classified in Industry 3536; and those manufacturing industrial truck-type cranes are classified in Industry 3537.
The construction machinery and equipment industry, classified under NAICS 3531, has been experiencing notable qualitative trends marked by technological advancements and an increasing focus on sustainability. One of the most prominent trends is the integration of smart technology and IoT solutions into construction machinery, enhancing efficiency and reducing downtime through predictive maintenance and real-time monitoring. These innovations are enabling more precise operations and reducing costs, proving especially beneficial in large-scale projects.
Another significant trend is the shift towards electric and hybrid machinery. With rising environmental concerns and stringent emissions regulations, manufacturers and construction companies are gradually adopting greener alternatives. Electric and hybrid machinery not only help in reducing the carbon footprint but also in achieving long-term cost savings on fuel and maintenance.
Automation is also gaining traction, with autonomous and semi-autonomous machinery becoming more prevalent. These machines are equipped with advanced sensors and AI capabilities to perform tasks with minimal human intervention, improving safety and productivity on construction sites. The COVID-19 pandemic has accelerated the adoption of such technologies as the industry seeks to minimize labor dependency and ensure continuity in operations.
In terms of forecast, the industry is expected to witness moderate growth driven by urbanization and infrastructure development projects worldwide. However, supply chain disruptions and raw material costs could pose challenges. Nonetheless, companies investing in technology and sustainability are likely to gain a competitive edge and foster long-term growth.
Aerial work platforms, hydraulic or electric truck or carrier mounted
Aggregate spreaders
Asphalt plants, including travel-mix type
Automobile wrecker hoists
Backfillers, self-propelled
Backhoes
Ballast distributors (railway track equipment)
Batching plants, bituminous
Batching plants, for aggregate concrete and bulk cement
Blades for graders, scrapers, dozers, and snowplows
Breakers, paving
Buckets, excavating: e.g., clamshell, concrete, dragline, drag scraper,
Bulldozers, construction
Cab, construction machinery
Capstans, ship
Carriers, crane
Chip spreaders, self-propelled
Chippers, commercial: brush, limb, and log
Concrete buggies, powered
Concrete grouting equipment
Concrete gunning equipment
Concrete plants
Construction machinery, except mining
Cranes, construction
Cranes, except industrial plant
Crushers, mineral: portable
Derricks, except oil and gas field
Distributors (construction machinery)
Ditchers, ladder: vertical boom or wheel
Dozers, tractor mounted: material moving
Draglines, powered
Drags, road (construction and road maintenance equipment)
Dredging machinery
Excavators: e.g., cable, clamshell, crane, derrick, dragline, power
Extractors, piling
Finishers and spreaders, construction
Finishers, concrete and bituminous: powered
Grader attachments, elevating
Graders, road (construction machinery)
Grapples: rock, wood, etc.
Grinders, stone: portable
Hammer mills (rock and ore crushing machines), portable
Hammers, pile driving
Line markers, self-propelled
Locomotive cranes
Log splitters
Logging equipment
Mixers: e.g., concrete, ore, sand, slag, plaster, mortar, bituminous
Mortar mixers
Mud jacks
Pavers
Pile driving equipment
Planers, bituminous
Plaster mixers
Plows, construction: excavating and grading
Post hole diggers, powered
Power cranes, draglines, and shovels
Pulverizers, stone: portable
Railway track equipment: e.g., rail layers, ballast distributors
Rakes, land clearing: mechanical
Road construction and maintenance machinery
Rock crushing machinery, portable
Rollers, road
Rollers, sheepsfoot and vibratory
Sand mixers
Scarifiers, road
Scrapers, construction
Screeds and screeding machines
Screeners, portable
Ship cranes and derricks
Ship winches
Shovel loaders
Shovels, power
Silos, cement (batch plant)
Slag mixers
Snowplow attachments
Soil compactors: vibratory
Spreaders and finishers, construction
Subgraders, construction equipment
Subsoiler attachments, tractor-mounts
Surfacers, concrete grinding
Tampers, powered
Tamping equipment, rail
Teeth, bucket and scarifier
Tractors, construction
Tractors, crawler
Tractors, tracklaying
Trenching machines
Trucks, off-highway
Vibrators for concrete construction
Wellpoint systems
Winches, all types
Work platforms, elevated
A review and comparison of financial performance of privately-help companies in specified SIC/NAICS industry segment, using industry standard benchmarks.
Answers come easily with iCFO. Review ROI, sales per employee, profit margins of the top 10%, top 25% and more, to identify areas of concern and opportunity. Examine what if scenarios and P&L impact of reducing costs or adding revenue.
It takes only five minutes to enter your data and produce a concise profile of your company’s fiscal state, including critical business ratios focusing on liquidity, profitability, asset efficiency, and growth.