Economic Contributions of the Off-Highway Equipment Industry

For 2016, the IHS estimates there was $31.3 trillion in total sales activity in the United States across all sectors; of that total, IHS estimates that $416.2 billion in sales was supported by the o -highway equipment and ancillary products industry’s economic activity. This occurred through approximately $266.5 billion in direct industry sales activity, such as the sales of equipment like skid steers and combines, which generated additional economic activity as dollars fl owed through the equipment manufacturing supply chain. This multiplier e ect drove an additional $94.7 billion in indirect sales in the supply chain for goods and services such as steel, electronics and banking services. Further, equipment companies and their suppliers hired and compensated employees, who, in turn, used their incomes to generate additional economic activity through the purchase of consumer goods and services. These third-order or ‘induced’ e ects amount to $55.0 billion in 2016.