US Reshoring Beneficiaries: Construction, Automation, and Logistics
US manufacturing investment hit $225 billion in 2025 — the largest reshoring wave in American industrial history.
Stoquity AI Committee1Theme Overview
The Inflation Reduction Act, CHIPS Act, and Infrastructure Investment and Jobs Act have catalyzed over $200 billion in announced US manufacturing projects. Semiconductor fabs, EV battery plants, LNG facilities, and clean energy factories are under construction nationwide.
2Why Now?
We are in the early innings of a multi-decade reshoring trend. Construction spending on manufacturing facilities has tripled since 2020 and project pipelines extend through 2030+. Companies supplying this buildout have multi-year revenue visibility.
3Screening Methodology
Screen for companies with direct exposure to US manufacturing construction, industrial automation, and domestic supply chain infrastructure.
Factors used: QualityCash FlowRevenue GrowthProfitabilityReturn on Equity
4Top Picks (5 Stocks)
Thesis: Transformed into pure-play industrial automation and software company. AspenTech acquisition adds process optimization for new factories. LNG and semiconductor fab construction driving orders.
Risks: Industrial cycle dependency; AspenTech integration complexity; energy transition timing uncertainty.
Thesis: North American industrial automation leader. Factory control systems and IoT platforms benefit directly from reshoring. CHIPS Act and IRA projects driving multi-year backlog.
Risks: Near-term order slowdown; competition from Siemens and ABB; customer capex deferrals in uncertain economy.
Thesis: Aggregates (crushed stone, sand, gravel) are essential for every construction project. Local monopoly positions with high transportation barriers. IIJA infrastructure spending driving demand.
Risks: Weather impacts on construction activity; residential construction slowdown; fuel cost exposure.
Thesis: Largest equipment rental company in North America. Mega-projects (CHIPS fabs, LNG plants, data centers) require heavy equipment fleets. Specialty segment growing 20%+.
Risks: Cyclical rental demand; fleet capital intensity; competition from Sunbelt and smaller regional players.
Thesis: Largest MRO (maintenance, repair, operations) distributor in North America. Every new factory needs ongoing supplies. Digital platform and inventory management provide competitive moat.
Risks: Amazon Business competitive threat; economic sensitivity of MRO spending; market share gains slowing.
View compact comparison table
| Symbol | Name | Sector | Score | Market Cap |
|---|---|---|---|---|
| EMR | Emerson Electric | Industrials | 84 | $72B |
| ROK | Rockwell Automation | Industrials | 82 | $30B |
| MLM | Martin Marietta Materials | Materials | 81 | $38B |
| URI | United Rentals | Industrials | 83 | $52B |
| GWW | W.W. Grainger | Industrials | 84 | $52B |
5Theme Risks
Government spending programs face political risk in changing administrations. Construction timelines are frequently delayed. Labor shortages in construction and skilled trades constrain project completion rates.
The CHIPS Act, IRA, and reshoring wave have triggered $225 billion in announced US manufacturing investments — more than the previous 20 years combined.
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