AEM (Association of Equipment Manufacturers)

Overview

The Association of Equipment Manufacturers (AEM) represents over 1,000 member companies and more than 200 product lines in the off-road equipment industry. AEM facilitates intra-industry support, promotes safety standards, and lobbies for regulatory and legislative solutions that positively impact its members.

Examples

1. Agriculture: Members like John Deere and CNH Industrial produce tractors and harvesters.
2. Construction: Caterpillar Inc. and Komatsu America manufacture bulldozers and excavators.
3. Forestry: Companies like Ponsse and Tigercat provide specialized logging equipment.
4. Mining: Makers such as Epiroc and Sandvik supply machinery for underground and surface mining.
5. Utilities: Utility equipment includes generators and digging equipment from companies like Cummins and Vermeer.

Frequently Asked Questions (FAQs)

1. What is the primary purpose of AEM?

   • AEM aims to enhance the business environment of the off-road equipment industry by supporting its members through advocacy, safety standards, industry intelligence, and networking opportunities.

2. How does AEM help its member companies?

   • AEM provides industry statistics, organizes trade shows like ConExpo-Con/Agg, offers guidance on regulatory issues, and hosts forums and events for networking and educational purposes.

3. What sectors are included in AEM’s membership?

   • The primary sectors include agriculture, construction, forestry, mining, and utilities, encompassing manufacturers and suppliers of related equipment.

4. How can a company become a member of AEM?

   • Companies can apply for membership through the AEM website, where they will be required to meet certain criteria pertaining to the off-road equipment sector.

5. Does AEM publish any reports or statistical data?

   • Yes, AEM regularly publishes market forecasts, equipment shipment statistics, and other relevant research reports to help member companies make informed business decisions.

Related Terms with Definitions

1. ConExpo-Con/Agg:

   • North America’s largest construction trade show, organized by AEM, showcasing new products and technologies related to construction, aggregates, and ready-mixed concrete industries.

2. Industry Intelligence:

   • AEM provides actionable insights and data on market trends, operational benchmarks, and sector-specific economic analyses to its members.

3. Advocacy:

   • A suite of lobbying actions undertaken by AEM to influence legislative policies favorably affecting its members, including work with federal, state, and local governments.

4. Member Benefits:

   • The perks reaped by companies upon joining AEM, such as access to exclusive reports, discounts on event participation, and participation in standard-setting committees.

Online Resources

1. AEM Official Website
2. AEM Membership Information
3. AEM Events and Workshops

References

1. Association of Equipment Manufacturers: An umbrella organization representing multiple sectors within the off-road equipment manufacturing industry.
2. Organized Trade Shows: Events like ConExpo-Con/Agg which act as key industry gatherings providing opportunities for product launches and networking.
3. Legislative and Regulatory Advocacy: Efforts by AEM to ensure conducive operating environments for its members through lobbying and liaison activities.

Suggested Books for Further Studies

1. “The Dynamics of Industrial Competition” by John Sutton
   • Explores competitive strategies and the impact of trade groups like AEM within large manufacturing sectors.
2. “Equipment Management in Construction Projects” by Douglas D. Gransberg and Calin M. Popescu
   • An in-depth look into the effective management of construction equipment, with relevance to AEM member companies.
3. “Principles of Agricultural Engineering” by A.M. Michael and T.P. Ojha
   • Offers comprehensive knowledge beneficial to stakeholders in AEM’s agricultural sector.

Real Estate Basics: AEM (Association of Equipment Manufacturers) Fundamentals Quiz