Construction Equipment Industry

Executive Summary The bodily structure equipment industry is an industry that is heavily hooked on demand for saying equipment, such as earthmoving equipment, tap equipment, and farming equipment from domestic and international markets. Despite the downturn of the U.S. economy, and its ruffle effect on everywhereseas markets, the construction equipment industry clam up has been growing. Asian markets and European markets have in like manner seen a stave in their economy, and therefore slow down in construction products. Emerging markets such as Latin America, Russia and the Middle east approximately have kept this industry alive, keeping export sum up high from some of the biggest U.S. construction equipment companies in the industry. computed axial tomography exported to a greater extent than 12 billion dollars worth of machinery in 2007. Caterpillar has also seen a 13% out offset in revenue from its construction equipment division alone. Its big competitor, Komatsu Ltd. has also seen a significant increase in revenue (21%) from its construction equipment division. Both of these companies saw most of their revenue increases occur in overseas emerging markets. Exports argon really important to the Industry, and trade agreements need to be direct in place to ensure the future success of the construction equipment industry, as it is very reliant on overseas trading.

major Industry Competitors The worlds leading manufacturer of construction equipment is Caterpillar Inc., of Peoria, Illinois, with total revenues in 2007 of 785 million which is a 5 portion increase since 2007. More specifically, the construction and mining products division had over a 13 percent increase since 2005. The substantial growth in revenue can be attributed to its global markets, including: Asia, Latin America, Ireland, and Germany; Caterpillar exported more than $12.676 billion worth of its machinery and engines from the United States in 2007, a 20 percent increase from 2006 exports of $10.539 billion. At the corresponding time, revenues from... If you want to get a full essay, order it on our website: Orderessay

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