CONSTRUCTION EQUIPMENT INDUSTRY IN THE U.S.

TABLE OF CONTENTS
Construction equipment industry in the U.S.
Table of Contents

Overview
06 Global construction equipment market - outlook through 2020
07 Global construction machinery market size by region: outlook 2019
08 Sales of construction equipment - worldwide 2011-2021
09 Sales of construction equipment - worldwide by region 2022
10 Sales of construction equipment - North America 2017-2022
11 World's largest construction machinery manufacturers - sales 2017
12 U.S. equipment rental market size 2017-2021

U.S. construction equipment manufacturing industry

14 Construction machinery manufacturing revenue in the U.S. 2010-2022
15 Construction machinery and equipment: U.S. producer price index 2018
16 U.S. construction machinery manufacturing - gross output 2008-2017
17 U.S. construction machinery and equipment ad spend 2010-2019
18 U.S. exports of industrial engines 2007-2018
19 U.S. agricultural and construction machinery exports 2002-2016

Key players in the U.S.

Table of Contents

21 Leading machinery manufacturers in the U.S. in 2017

22 Caterpillar - global sales and revenue streams 2004-2018
23 Caterpillar: sales and revenue streams by segment 2018
24 Terex Corporation's net sales 2012-2018
25 Terex Corporation: net sales by segment 2018
26 Manitowoc Company Inc.'s net sales 2012-2018
27 Manitowoc Company Inc.'s net sales by segment FY 2015
 OVERVIEW
Construction equipment industry in the U.S.
Global construction equipment sales revenue in 2016 and 2020 (in billion U.S. dollars)
Global construction equipment market - outlook through 2020

100

89.3
90

80

69.8
70
Market size in billion U.S. dollars

60

50

40

30

20

10

0
2016 2020

Note: Worldwide
Further information regarding this statistic can be found on page 29.
Source(s): Off-Highway Research; Market Research Reports; ID 280344
6 Overview
Global construction equipment market size between 2014 and 2019, by region (in 1,000s of
units sold)
Global construction machinery market size by region: outlook 2019

Europe North America Japan China India

219.5

169.5
Unit sales in thousands

119.5

69.5

19.5
2014 2015 2016 2017 2018 2019

Note: Worldwide; 2014

Further information regarding this statistic can be found on page 30.
Source(s): Off-Highway Research; ID 280345
7 Overview
Global construction equipment unit sales from 2011 to 2021
Sales of construction equipment - worldwide 2011-2021

1200000

1,024,939
999,770
1000000 954,215
894,067
869,502

800000
731,510
Sales in units

600000

400000

200000

0
2011 2013 2015 2017 2019 2021

Note: Worldwide; 2011 to 2017

Further information regarding this statistic can be found on page 31.
Source(s): Off-Highway Research; Website; ID 589833
8 Overview
Projected construction equipment unit sales worldwide in 2022, by country or region
Sales of construction equipment - worldwide by region 2022
Sales in units
0 50000 100000 150000 200000 250000 300000

North America 267,350

Rest of the World 236,678

China 222,700

Europe 149,953

India 83,960

Japan 66,845

Note: Worldwide; 2018

Further information regarding this statistic can be found on page 32.
Source(s): Off-Highway Research; Website; ID 589909
9 Overview
Projected construction equipment unit sales in North America from 2017 to 2022
Sales of construction equipment - North America 2017-2022

300000

267,350
255,325
250000 238,515

217,525

200000 193,250

173,188
Sales in units

150000

100000

50000

0
2017 2018 2019 2020 2021 2022

Note: North America; 2017

Further information regarding this statistic can be found on page 33.
Source(s): Off-Highway Research; Website; ID 589904
10 Overview
Largest construction machinery manufacturers globally in 2017, based on construction equipment sales
(in billion U.S. dollars)
World's largest construction machinery manufacturers - sales 2017
Equipment sales in billion U.S. dollars
0 5 10 15 20 25 30

Caterpillar (U.S.) 26.64

Komatsu (Japan) 19.24

Hitachi (Japan) 8.3

Volvo CE (Sweden) 7.81

Liebherr* (Switzerland) 7.4

XCMG* (China) 6.98

Doosan Infracore (South Korea) 6.23

Sany* 5.93

John Deere (U.S.) 5.72

Note: Worldwide
Further information regarding this statistic can be found on page 34.
Source(s): KHL Group; Website; ID 280343
11 Overview
U.S. equipment rental market size from 2017 to 2021 (in billion U.S. dollars)
U.S. equipment rental market size 2017-2021

70

59.36
60 56.86
54.36
51.72
49.4
50
Market size in billion U.S. dollars

40

30

20

10

0
2017 2018 2019 2020 2021

Note: Worldwide; 2016

Further information regarding this statistic can be found on page 35.
Source(s): American Rental Association; IHS; Website; ID 248725
12 Overview
U.S. CONSTRUCTION EQUIPMENT MANUFACTURING
INDUSTRY
Construction equipment industry in the U.S.
Construction machinery manufacturing revenue in the U.S. 2010-2022 (in billion U.S. dollars)
Construction machinery manufacturing revenue in the U.S. 2010-2022

45
42.19
39.69
40
36.6
34.25
35 33.38
32.1
Revenue in billion U.S. dollars

30 28.28
26.09
25 23.31
21.09
19.31
20 17.88
16.74

15

10

0
2010 2011 2012 2013 2014 2015 2016 2017* 2018* 2019* 2020* 2021* 2022*

Note: United States; 2016

Further information regarding this statistic can be found on page 36.
Source(s): US Census Bureau; Statista; ID 310952
14 U.S. construction equipment manufacturing industry
U.S. producer price index for construction machinery and equipment from 1990 to 2018
Construction machinery and equipment: U.S. producer price index 2018

250

200

150
Index score

100

50

0
1990 1995 2000 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Note: United States; 1990 to 2018

Further information regarding this statistic can be found on page 37.
Source(s): Bureau of Labor Statistics; ID 208541
15 U.S. construction equipment manufacturing industry
U.S. construction machinery manufacturing gross output from 2008 to 2017 (in billion U.S.
dollars)
U.S. construction machinery manufacturing - gross output 2008-2017

45

40

35
Gross output in billion U.S. dollars

30

25

20

15

10

0
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

Note: United States; 2008 to 2017

Further information regarding this statistic can be found on page 38.
Source(s): BEA; ID 194121
16 U.S. construction equipment manufacturing industry
Advertising spending in the construction machinery and equipment industry in the United States from
2010 to 2019 (in million U.S. dollars)
U.S. construction machinery and equipment ad spend 2010-2019

160

141.55
140

120
116.96
Advertising spending in million U.S. dollars

97.59
100
89.34
81.04
76.3 76.88 77.38
80

63.19
60
46.96

40

20

0
2010 2011 2012 2013 2014 2015* 2016 2017 2018* 2019*

Note: United States; 2010 to 2017; Industry SIC code: 3531

Further information regarding this statistic can be found on page 39.
Source(s): Schonfeld & Associates; ID 470506
17 U.S. construction equipment manufacturing industry
U.S. exports of industrial engines from 2007 to 2018 (in billion U.S. dollars)
U.S. exports of industrial engines 2007-2018

35

30.05 30.55
30 29.26
28.19 28.33

26
25.25 25.22
24.35
25
Export value in billion U.S. dollars

21.85 21.92

20 19.15

15

10

0
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Note: United States; 2002 to 2018

Further information regarding this statistic can be found on page 40.
Source(s): US Census Bureau; ID 197816
18 U.S. construction equipment manufacturing industry
Value of U.S. agricultural and construction machinery exports from 2002 to 2016 (in billion U.S.
dollars)
U.S. agricultural and construction machinery exports 2002-2016

60

50.86
50
46.6 45.9

42.19

38.48 39.14
40
Exports in billion U.S. dollars

36.8

32.91
31.81 31.43
30 27.27
24.02
21.7

20 17.39 17.93

10

0
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Note: United States; 2002 to 2016

Further information regarding this statistic can be found on page 41.
Source(s): US Department of Commerce; International Trade Administration; ID 197813
19 U.S. construction equipment manufacturing industry
KEY PLAYERS IN THE U.S.
Construction equipment industry in the U.S.
Leading machinery manufacturers in the U.S. in 2017, based on revenue (in million U.S.
dollars)
Leading machinery manufacturers in the U.S. in 2017
Revenue in million U.S. dollars
0 5000 10000 15000 20000 25000 30000 35000 40000 45000 50000

Caterpillar Inc. 45,462

Deere & Co. 29,738

Parker Hannifin Corp. 12,029

Xerox Corp. 10,265

Veritiv Corp. 8,365

AGCO Corp. 8,307

Dover Corp. 7,830

National Oilwell Varco Inc. 7,304

Terex Corp. 4,363

Zebra Technologies Corp. 3,722

Flowserve Corrp. 3,661

Regal Beloit Corp. 3,360

Colfax Corp. 3,300

Keysight Technologies Inc. 3,189

Varian Medical Systems Inc. 2,668

Note: United States; 2017

Further information regarding this statistic can be found on page 42.
Source(s): IndustryWeek; ID 257384
21 Key players in the U.S.
Caterpillar's global sales and revenue streams from FY 2004 to FY 2018 (in billion U.S. dollars)
Caterpillar - global sales and revenue streams 2004-2018

70
65.9

60.1
60
55.7 55.2 54.7
51.3
50 47
45 45.5
Revenue in billion U.S. dollars

42.6
41.5
40 38.5
36.3
32.4
30.3
30

20

10

0
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Note: Worldwide
Further information regarding this statistic can be found on page 43.
Source(s): Caterpillar; ID 267814
22 Key players in the U.S.
Caterpillar's sales and revenue streams in FY 2018, by segment (in million U.S. dollars)
Caterpillar: sales and revenue streams by segment 2018
Sales and revenues in million U.S. dollars
0 5000 10000 15000 20000 25000

Construction Industries 23,116

Energy & Transportation 18,832

Resource Industries 9,888

Other segments 154

Note: Worldwide; FY 2018

Further information regarding this statistic can be found on page 44.
Source(s): Caterpillar; ID 281135
23 Key players in the U.S.
Terex Corporation's net sales from FY 2012 to FY 2018 (in million U.S. dollars)
Terex Corporation's net sales 2012-2018

6000
5,484
5,344.5
5,217.4
5,125
5,021.7
5000

4,443.1 4,363.4
Sales value in million U.S. dollars

4000

3000

2000

1000

0
2012 2013 2014 2015 2016 2017 2018

Note: Worldwide; FY 2012 to FY 2018

Further information regarding this statistic can be found on page 45.
Source(s): Terex; ID 198413
24 Key players in the U.S.
Terex Corporation's net sales in 2018, by segment (in million U.S. dollars)
Terex Corporation: net sales by segment 2018
Net sales in million U.S. dollars
0 500 1000 1500 2000 2500 3000

Aerial work platforms 2,559.7

Cranes 1,315

Materials processing 1,256.8

Note: Worldwide; FY 2018

Further information regarding this statistic can be found on page 46.
Source(s): Terex; ID 221993
25 Key players in the U.S.
Manitowoc Company Inc.'s net sales from FY 2012 to FY 2018 (in billion U.S. dollars)*
Manitowoc Company Inc.'s net sales 2012-2018

2.51
2.5 2.43
2.31
Net sales in billion U.S. dollars

2 1.87 1.85

1.61 1.58
1.5

0.5

0
2012 2013 2014 2015 2016 2017 2018

Note: Worldwide; FY 2012 to FY 2018

Further information regarding this statistic can be found on page 47.
Source(s): Manitowoc; ID 589991
26 Key players in the U.S.
Manitowoc Company Inc.'s net sales in FY 2015, by segment (in million U.S. dollars)
Manitowoc Company Inc.'s net sales by segment FY 2015
Net sales in million U.S. dollars
0 500 1000 1500 2000 2500 3000 3500 4000

Cranes and Related Products 1,865.7

Foodservice Equipment 1,570.1

Total 3,435.8

Note: Worldwide; FY 2015

Further information regarding this statistic can be found on page 48.
Source(s): Manitowoc; ID 608027
27 Key players in the U.S.
REFERENCES
Construction equipment industry in the U.S.
Global construction equipment sales revenue in 2016 and 2020 (in billion U.S. dollars)
Global construction equipment market - outlook through 2020

Source and methodology information Notes:

Source(s) Off-Highway Research; Market Research Reports The 2020 value is a projection.

Conducted by Off-Highway Research

Survey period 2016

Region(s) Worldwide

Number of respondents n.a.

Age group n.a.

Special characteristics n.a.

Published by Market Research Reports

Publication date April 2017

Original source marketresearch.com

Website URL visit the website

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29 References
Global construction equipment market size between 2014 and 2019, by region (in 1,000s of
units sold)
Global construction machinery market size by region: outlook 2019

Source and methodology information Notes:

Source(s) Off-Highway Research The 2014 figures are already accurate. The values have been rounded.

Conducted by Off-Highway Research

Survey period 2014

Region(s) Worldwide

Number of respondents n.a.

Age group n.a.

Special characteristics n.a.

Published by Off-Highway Research

Publication date March 2016

Original source oemoffhighway.com

Website URL visit the website

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30 References
Global construction equipment unit sales from 2011 to 2021
Sales of construction equipment - worldwide 2011-2021

Source and methodology information Notes:

Source(s) Off-Highway Research; Website The figures for 2019 and 2021 are projections

Conducted by Off-Highway Research

Survey period 2011 to 2017

Region(s) Worldwide

Number of respondents n.a.

Age group n.a.

Special characteristics n.a.

Published by Website

Publication date April 2018

Original source dieselprogress.com

Website URL visit the website

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31 References
Projected construction equipment unit sales worldwide in 2022, by country or region
Sales of construction equipment - worldwide by region 2022

Source and methodology information Notes:

Source(s) Off-Highway Research; Website n.a.

Conducted by Off-Highway Research

Survey period 2018

Region(s) Worldwide

Number of respondents n.a.

Age group n.a.

Special characteristics n.a.

Published by Website

Publication date April 2018

Original source dieselprogress.com

Website URL visit the website

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32 References
Projected construction equipment unit sales in North America from 2017 to 2022
Sales of construction equipment - North America 2017-2022

Source and methodology information Notes:

Source(s) Off-Highway Research; Website The 2017 figure is actual.

Conducted by Off-Highway Research

Survey period 2017

Region(s) North America

Number of respondents n.a.

Age group n.a.

Special characteristics n.a.

Published by Website

Publication date April 2018

Original source dieselprogress.com

Website URL visit the website

Back to statistic

33 References
Largest construction machinery manufacturers globally in 2017, based on construction equipment sales
(in billion U.S. dollars)
World's largest construction machinery manufacturers - sales 2017

Source and methodology information Notes:

Source(s) KHL Group; Website * Estimate The values have been rounded.

Conducted by KHL Group

Survey period 2017

Region(s) Worldwide

Number of respondents n.a.

Age group n.a.

Special characteristics n.a.

Published by Website

Publication date April 2018

Original source 836307.com

Website URL visit the website

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34 References
U.S. equipment rental market size from 2017 to 2021 (in billion U.S. dollars)
U.S. equipment rental market size 2017-2021

Source and methodology information Notes:

Source(s) American Rental Association; IHS; Website The figures are projections; the figures for 2018 through 2021 are Statista calculations based on the growth rates provided by
the source.
Conducted by American Rental Association; IHS Global Insight

Survey period 2016

Region(s) Worldwide

Number of respondents n.a.

Age group n.a.

Special characteristics n.a.

Published by Website (wallstreet-online.de)

Publication date May 2017

Original source wallstreet-online.de

Website URL visit the website

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35 References
Construction machinery manufacturing revenue in the U.S. 2010-2022 (in billion U.S. dollars)
Construction machinery manufacturing revenue in the U.S. 2010-2022

Source and methodology information Notes:

Source(s) US Census Bureau; Statista * Estimate - This also applies for past years as data provided by statistical institutions often is not available for more recent years.
The industry classification is based on the NAICS 12 - system in the U.S.. The industry "construction machinery manufacturing"
Conducted by US Census Bureau; Statista has the code "33312". Details on the methodology can be found here . Please visit here for more information on Statista market
forecasts.
Survey period 2016

Region(s) United States

Number of respondents n.a.

Age group n.a.

Special characteristics n.a.

Published by US Census Bureau; Statista

Publication date August 2018

Original source Statista

Website URL visit the website

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36 References
U.S. producer price index for construction machinery and equipment from 1990 to 2018
Construction machinery and equipment: U.S. producer price index 2018

Source and methodology information Notes:

Source(s) Bureau of Labor Statistics 1982 was used as the base year. Please go to 'More Formatting Options', set the time range from 1990 to 2018 and select
'Annual Data' to retrieve the data.
Conducted by Bureau of Labor Statistics

Survey period 1990 to 2018

Region(s) United States

Number of respondents n.a.

Age group n.a.

Special characteristics n.a.

Published by Bureau of Labor Statistics

Publication date May 2019

Original source bls.gov

Website URL visit the website

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37 References
U.S. construction machinery manufacturing gross output from 2008 to 2017 (in billion U.S.
dollars)
U.S. construction machinery manufacturing - gross output 2008-2017

Source and methodology information Notes:

Source(s) BEA All figures are expressed in current U.S. dollars. The values have been rounded to provide a better understanding of the statistic.

Conducted by BEA

Survey period 2008 to 2017

Region(s) United States

Number of respondents n.a.

Age group n.a.

Special characteristics n.a.

Published by BEA

Publication date December 2018

Original source bea.gov

Website URL visit the website

Back to statistic

38 References
Advertising spending in the construction machinery and equipment industry in the United States from
2010 to 2019 (in million U.S. dollars)
U.S. construction machinery and equipment ad spend 2010-2019

Source and methodology information Notes:

Source(s) Schonfeld & Associates * Forecast. Figures prior to 2017 come from earlier reporting, and the 2015 figure was a forecast at the time of publishing. The
source calculated the figures based on data from government filings and published financial records. Single industry values are
Conducted by Schonfeld & Associates based on data from participating companies. Each year the number of participating companies varies. The historical data values
for all companies within each specific industry are pooled in a cross-sectional time series analysis and a non-linear multivariate
Survey period 2010 to 2017
model is derived for the entire industry. In calculating advertising-to-sales ratios, sales is defined as "top-line" of the company's
income statement. In industry data, the ad-to-sales ratio is a weighted average ratio for the industry, based on the sales of each
Region(s) United States
company. A "0" value means that the expenditures reported amounted to less than 1,000 U.S. dollars per year. Missing values
Number of respondents n.a. were not provided by the source due to lack of reporting from participating companies in the given industry. Figures have been
rounded.
Age group n.a.

Special characteristics Industry SIC code: 3531

Published by Schonfeld & Associates

Publication date October 2018

Original source Advertising Ratios and Budgets 2018, page 3

Website URL visit the website

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39 References
U.S. exports of industrial engines from 2007 to 2018 (in billion U.S. dollars)
U.S. exports of industrial engines 2007-2018

Source and methodology information Notes:

Source(s) US Census Bureau NAICS: 21100 The figure for 2015 has been updated according to the most recent publication. The values for 2007 and 2008
were taken from previous editions.
Conducted by US Census Bureau

Survey period 2002 to 2018

Region(s) United States

Number of respondents n.a.

Age group n.a.

Special characteristics n.a.

Published by US Census Bureau

Publication date April 2019

Original source census.gov

Website URL visit the website

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40 References
Value of U.S. agricultural and construction machinery exports from 2002 to 2016 (in billion U.S.
dollars)
U.S. agricultural and construction machinery exports 2002-2016

Source and methodology information Notes:

Source(s) US Department of Commerce; International Trade Administration The figures refer to NAICS 3331; modify report by product, item and display to retrieve data.

Conducted by US Department of Commerce; International Trade Administration

Survey period 2002 to 2016

Region(s) United States

Number of respondents n.a.

Age group n.a.

Special characteristics n.a.

Published by International Trade Administration; US Department of Commerce

Publication date December 2017

Original source export.gov

Website URL visit the website

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41 References
Leading machinery manufacturers in the U.S. in 2017, based on revenue (in million U.S.
dollars)
Leading machinery manufacturers in the U.S. in 2017

Source and methodology information Notes:

Source(s) IndustryWeek According to the source, the criteria used for creating the U.S. 500 list included the following: companies with a majority of their
business in a manufacturing industry and companies that generated less than 50 percent of revenues from manufacturing, but
Conducted by IndustryWeek more revenue from manufacturing than the lowest-revenue-producing company on that year's list.
Survey period 2017

Region(s) United States

Number of respondents n.a.

Age group n.a.

Special characteristics n.a.

Published by IndustryWeek

Publication date August 2018

Original source industryweek.com

Website URL visit the website

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42 References
Caterpillar's global sales and revenue streams from FY 2004 to FY 2018 (in billion U.S. dollars)
Caterpillar - global sales and revenue streams 2004-2018

Source and methodology information Notes:

Source(s) Caterpillar For the years ended December 31. The values from 2004 to 2012 are taken from previous annual reports. The values have
been rounded.
Conducted by Caterpillar

Survey period FY 2004 to FY 2018

Region(s) Worldwide

Number of respondents n.a.

Age group n.a.

Special characteristics n.a.

Published by Caterpillar

Publication date February 2019

Original source Caterpillar 2018 Annual Report on Form 10-K, item 6

Website URL visit the website

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43 References
Caterpillar's sales and revenue streams in FY 2018, by segment (in million U.S. dollars)
Caterpillar: sales and revenue streams by segment 2018

Source and methodology information Notes:

Source(s) Caterpillar n.a.

Conducted by Caterpillar

Survey period FY 2018

Region(s) Worldwide

Number of respondents n.a.

Age group n.a.

Special characteristics n.a.

Published by Caterpillar

Publication date February 2019

Original source Caterpillar 2018 Annual Report on Form 10-K, page 27

Website URL visit the website

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44 References
Terex Corporation's net sales from FY 2012 to FY 2018 (in million U.S. dollars)
Terex Corporation's net sales 2012-2018

Source and methodology information Notes:

Source(s) Terex The information is for the fiscal years ended December 31. The values for 2012 and 2013 were taken from a previous financial
statement.
Conducted by Terex

Survey period FY 2012 to FY 2018

Region(s) Worldwide

Number of respondents n.a.

Age group n.a.

Special characteristics n.a.

Published by Terex

Publication date February 2019

Original source Terex Corporation 2018 Annual Report on Form 10-K, item 6

Website URL visit the website

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45 References
Terex Corporation's net sales in 2018, by segment (in million U.S. dollars)
Terex Corporation: net sales by segment 2018

Source and methodology information Notes:

Source(s) Terex n.a.

Conducted by Terex

Survey period FY 2018

Region(s) Worldwide

Number of respondents n.a.

Age group n.a.

Special characteristics n.a.

Published by Terex

Publication date February 2019

Original source Terex Corporation 2018 Annual Report on Form 10-K, page F-18

Website URL visit the website

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46 References
Manitowoc Company Inc.'s net sales from FY 2012 to FY 2018 (in billion U.S. dollars)*
Manitowoc Company Inc.'s net sales 2012-2018

Source and methodology information Notes:

Source(s) Manitowoc The figures for 2012 through 2016 were taken from previous financial statements.

Conducted by Manitowoc

Survey period FY 2012 to FY 2018

Region(s) Worldwide

Number of respondents n.a.

Age group n.a.

Special characteristics n.a.

Published by Manitowoc

Publication date February 2019

Original source Manitowoc Company, Inc. Fourth-Quarter 2018 Earnings Conference Call, page 4

Website URL visit the website

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47 References
Manitowoc Company Inc.'s net sales in FY 2015, by segment (in million U.S. dollars)
Manitowoc Company Inc.'s net sales by segment FY 2015

Source and methodology information Notes:

Source(s) Manitowoc n.a.

Conducted by Manitowoc

Survey period FY 2015

Region(s) Worldwide

Number of respondents n.a.

Age group n.a.

Special characteristics n.a.

Published by Manitowoc

Publication date December 2015

Original source Manitowoc Company, Inc. 2015 Annual Report on Form 10-K, page 28

Website URL visit the website

Back to statistic

48 References