Equipment Manufacturers’ Contribute $159 billion to GDP

Jamie Johansen

The Association of Equipment Manufacturers (AEM) unveiled a new report at CONEXPO-CON/AGG 2017 which found the equipment manufacturing industry supported about 1.3 million jobs and contributed over $159 billion to the Gross Domestic Product (GDP) of the United States in 2016.

The report was prepared by the leading research firm IHS Markit and details the size and reach of the three major sectors (Construction, Agriculture, and Energy) that make up the core of the equipment manufacturing industry.

“AEM is proud to represent the men and women of the equipment manufacturing industry across our country. This new report helps to put into context the many great contributions of our industry,” said AEM President Dennis Slater. “Our industry is a core part of America’s manufacturing economy, and we are eager to continue to grow, and, hopefully with a significant investment in our infrastructure, help put millions of Americans to work.”

AEM, Ag Group, Equipment