In 2023, the top producer of Industrial, commercial, and service industry machinery and equipment was Texas with $167B. This is expected to increase 84.6% to $308B by 2050. The top consumer was Texas with $166B, and those inbound shipments are expected to increase 71.3% to $285B by 2050.
Freight data is provided using the SCTG product classification. The closest comparible products are machinery.
In 2023, the most common means of transport for Industrial, commercial, and service industry machinery and equipment, by weight, was Truck with 128M tons, followed by Multiple Modes and Mail with 6.56M tons and Rail with 5.85M tons.
In 2017, the US government spent $4.37B on Industrial, commercial, and service industry machinery and equipment. The agency which purchased the largest amount of Industrial, commercial, and service industry machinery and equipment in 2017 was Department of the Navy ($835M), followed by Department of the Army ($808M) and the Defense Logistics ($759M).
