U.S. - Machinery For Public Works And Building - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPublic Works Machinery Price in the United States - 2023
Contents:
- Public Works Machinery Price in the United States (CIF) - 2022
- Public Works Machinery Price in the United States (FOB) - 2023
- Public Works Machinery Imports in the United States
- Public Works Machinery Exports in the United States
Public Works Machinery Price in the United States (CIF) - 2022
In 2022, the average public works machinery import price amounted to $2,475 per unit, which is down by -3.1% against the previous year. Overall, the import price showed a perceptible curtailment. The most prominent rate of growth was recorded in 2016 when the average import price increased by 90% against the previous year. As a result, import price attained the peak level of $7,517 per unit. From 2017 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($4,064 per unit), while the price for India ($224 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+30.0%), while the prices for the other major suppliers experienced a decline.
Public Works Machinery Price in the United States (FOB) - 2023
The average public works machinery export price stood at $18,515 per unit in October 2023, with an increase of 2.8% against the previous month. In general, export price indicated slight growth from October 2022 to October 2023: its price increased at an average monthly rate of +1.6% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, public works machinery export price increased by +56.1% against June 2023 indices. The pace of growth appeared the most rapid in January 2023 when the average export price increased by 109% month-to-month. The export price peaked at $20,398 per unit in May 2023; afterwards, it flattened through to October 2023.
Prices varied noticeably by the country of destination: the country with the highest price was Australia ($38,749 per unit), while the average price for exports to Guinea ($2,379 per unit) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Ireland (+19.8%), while the prices for the other major destinations experienced more modest paces of growth.
Public Works Machinery Imports in the United States
In 2022, the amount of machinery for public works and building imported into the United States skyrocketed to 196K units, jumping by 41% against the year before. Overall, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 77% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, public works machinery imports surged to $485M in 2022. In general, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +10.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +85.4% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Public Works Machinery in the United States (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 283 | 208 | 283 | 384 | 10.7% |
Canada | 12.6 | 13.8 | 22.3 | 29.8 | 33.2% |
China | 6.3 | 2.5 | 7.3 | 21.3 | 50.1% |
Italy | 6.7 | 6.2 | 10.3 | 12.0 | 21.4% |
India | 0.5 | 4.1 | 2.4 | 3.6 | 93.1% |
United Kingdom | 9.6 | 2.1 | 2.1 | 3.4 | -29.2% |
Turkey | 1.7 | 1.9 | 1.6 | 1.4 | -6.3% |
Others | 37.3 | 22.9 | 26.7 | 29.2 | -7.8% |
Total | 358 | 262 | 356 | 485 | 10.7% |
Top Suppliers of Public Works Machinery to the United States in 2022:
- Germany (94.6K units)
- China (53.6K units)
- Canada (33.1K units)
- India (16.1K units)
- Italy (9.8K units)
- United Kingdom (4.3K units)
- Turkey (1.7K units)
Public Works Machinery Exports in the United States
In 2022, the amount of machinery for public works and building exported from the United States skyrocketed to 20K units, jumping by 26% compared with the previous year's figure. Overall, exports, however, continue to indicate a noticeable downturn. The exports peaked at 21K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, public works machinery exports expanded modestly to $276M in 2022. In general, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 12% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.
Export of Public Works Machinery in the United States (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Canada | 90.5 | 85.8 | 107 | 104 | 4.7% |
Mexico | 23.2 | 21.2 | 15.5 | 24.7 | 2.1% |
Australia | 18.5 | 17.3 | 20.8 | 24.2 | 9.4% |
United Kingdom | 14.8 | 19.7 | 8.7 | 11.9 | -7.0% |
Egypt | 0.6 | 1.5 | 1.2 | 8.8 | 144.8% |
Belgium | 7.9 | 6.0 | 9.9 | 8.1 | 0.8% |
Germany | 7.8 | 4.2 | 5.9 | 6.9 | -4.0% |
France | 9.7 | 3.6 | 5.1 | 6.1 | -14.3% |
South Korea | 11.7 | 8.1 | 10.6 | 5.7 | -21.3% |
Others | 85.0 | 73.1 | 85.3 | 75.4 | -3.9% |
Total | 270 | 240 | 270 | 276 | 0.7% |
Top Export Markets for Public Works Machinery from the United States in 2022:
- Canada (12.4K units)
- Mexico (1.1K units)
- Australia (1.0K units)
- France (0.7K units)
- United Kingdom (0.7K units)
- South Korea (0.7K units)
- Egypt (0.5K units)
- Belgium (0.5K units)
- Germany (0.4K units)
This report provides an in-depth analysis of the public works machinery market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28923090 - Machinery for public works, building..., having individual functions
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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