Market Pulse: Page 2

Business
Yanmar CE NA President Charts Bold Vision for Growth – And it Starts in the Field
With a full line of compact equipment and a new customer-centric strategy, Sgro expects North America to contribute 38% of Yanmar CE’s global sales and $2 billion in revenue by 2030.
June 20, 2025
Anna Christine Sgro, president of Yanmar Compact Equipment North America, addresses the media during a private event at the company's Evo Center in Acworth, Georgia.
Market Pulse
Yellow Table: 10 Largest Construction Equipment Manufacturers of 2024
See which OEMs made the list – and which fell off as sales declined in 2024.
June 19, 2025
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Market Pulse
New Holland Construction's New Head Aims for 100% Sales Growth, 30% More Locations by 2030
New Holland Construction has a new leader with big plans for the the dealer network.
June 3, 2025
Digital retailing will play a role in Weisbaum's plans to grow the New Holland dealer network.
Market Pulse
Kubota Reports Q1 Construction Equipment Revenue Down 23%
A drop in North American construction equipment sales was caused by last year’s inventory replenishment, the company says.
May 29, 2025
For 2025, Kubota forecasts total revenue to rise 1.1% to $21.1 billion
Dealers
Case, New Holland Dealer Titan Machinery Reports Q1 Revenue Drop
Revenue from equipment sales, parts and service were all down for the world's largest Case and New Holland dealer in the first quarter.
May 27, 2025
Net loss in the quarter was $13.2 million, compared to a net profit of $9.4 million in the previous first quarter.
Market Pulse
Deere Reports Another Net Sales & Net Profit Drop for Second Quarter
Net income in the quarter fell 24% to $1.8 billion vs. $2.4 billion last year.
May 23, 2025
Construction & forestry sales for the full fiscal year 2025 are forecast down 10% to 15%.
Market Pulse
House Approves EV Registration Fees in Trump’s “Big, Beautiful Bill”
The move marks the first major update to the Highway Trust Fund's revenue stream in decades.
May 23, 2025
If signed into law, these fees would be the first new, user-based revenue streams dedicated to surface transportation improvements in over 20 years.
Market Pulse
Large Contractors Report Rising Revenue, Strong Backlogs
These four large contractors – Fluor, Tutor Perini, Granite Construction and Skanska – reported revenue gains across the board.
May 22, 2025
All four publicly traded contractors reported revenue gains.
Market Pulse
4 Construction Economic Trends to Watch in 2025
Here’s how trends in job gains, job openings and layoffs, wages and material costs are impacting the industry in a year marked by volatility and uncertainty.
May 19, 2025
Though the rate of job gains in nonresidential construction has slowed from the relative highs of 2022 and 2023, it continues to outpace growth in other sectors.
Market Pulse
Poll: 65% of Contractors Supported Trump’s High Tariffs on China, While They Lasted
Just over 37% of contractors said tariffs were impacting their decision to purchase new equipment.
May 14, 2025
Contractors On Jobsite
Equipment rental
Equipment Rental Rates Rising – Some Dramatically, EquipmentWatch Reports
The latest report shows the construction and industrial equipment rental markets continuing a four-year growth trend.
May 8, 2025
Dealer Credit Buzbuzzer Getty
Market Pulse
LiuGong Studies Feasibility of Manufacturing in the Americas
LiuGong is assessing whether it has the sales demand to make a manufacturing plant in the Americas feasible.
May 7, 2025
LiuGong’s India facility, which produces several thousand pieces of construction equipment each year, is its most mature outside of China.
Market Pulse
Case, New Holland Parent CNH Reports Q1 Construction Sales Drop 22%
Sales were down across the board, and continued declines are forecast for the rest of the year.
May 6, 2025
Production hours on manufacturing construction equipment was down 19% year-over-year in the first quarter.
Market Pulse
Komatsu Construction Sales Rose 5% in Fiscal Year 2024, but Decline Forecast for 2025
The Japan-based company expects tariffs to add $550 million in costs this fiscal year.
May 5, 2025
Total net sales are expected to decline 8.8% year-over-year in fiscal year 2025 to just over $26 billion.
Market Pulse
Poll: 51% of Contractors Will Buy at Least One Piece of Heavy Equipment in 2025
Contractors buying more than 3 machines this year pointed to influences including a strong economy and pricing, according to our online poll.
May 2, 2025
Contractors On Jobsite
Market Pulse
Caterpillar Reports 24% Drop in North American Construction Equipment Revenue
Caterpillar expects a $250 million to $350 million hit in the second quarter from tariffs.
May 1, 2025
Caterpillar said it expects an additional cost headwind of $250-$350 million in its second quarter from tariffs, net of initial mitigation actions and cost controls.
Market Pulse
Equipment Rental Companies Start 2025 with Revenue Growth
Herc Rentals, United Rentals and Sunbelt Rentals all reported increased quarterly rental revenue.
April 30, 2025
For its full year 2025, Herc Rentals forecasts equipment rental revenue growth of 4-6%.
Business
Volvo CE Reports 18% Drop in North American Net Sales
The company said its North American construction market had declined from high levels as dealer and rental fleets normalized.
April 25, 2025
Volvo’s global construction net sales in the quarter were $2.2 billion, down 8% year-over-year from $2.4 billion.
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