AEM’s “The Economic Impact of the Equipment Manufacturing Industry” report highlights the industry’s total and direct contribution to the U.S. economy at the national, state, and congressional levels. This includes capturing the industry’s total employment, contribution to U.S. Gross Domestic Product (GDP), total sales output, labor income, and state and federal tax revenue generated, among other key indicators.
On behalf of AEM, we are pleased to share this updated report, with findings from S&P Global Market Intelligence, that demonstrates the significant contributions our industry makes to the U.S. economy each year.
Highlights of the 2026 report include:
Jobs
- 2.218 million jobs supported by the equipment manufacturing industry
- Equipment manufacturers support 9.5% of all U.S. manufacturing sector jobs
- Equipment manufacturers support more than 1,000 jobs in 40 states, with 35 states seeing more than 10,000 jobs supported
- Equipment manufacturers support significant employment across U.S. congressional districts nationwide
- Equipment manufacturing jobs pay an average of $105,000 per year — approximately 50% above the national average
- The top five states with the most total jobs supported by the equipment manufacturing industry are:
- Texas (228,499)
- Iowa (223,739)
- Wisconsin (134,141)
- Illinois (134,115)
- Ohio (124,697)
Broader economic contribution
- $414.9 billion contributed annually to U.S. GDP (total value added)
- $901.8 billion generated annually in total equipment sales and output
- $54.7 billion generated annually in federal, state, and local taxes
- $194.1 billion in total labor income supported nationwide
AEM's report is based off an S&P Global Market Intelligence analysis titled The Market Size and Economic Contributions of the Off-Highway Equipment & Ancillary Products Industry. For access to the full report and its corresponding underlying data, contact the Advocacy team.