SEARCH   
MEMBER LOGIN    

Cutting Tool & Machine Tool Accessory Manufacturing in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Cutting Tool & Machine Tool Accessory Manufacturing Market Research Report | Industrial Machinery, Gas & Chemicals | Industrial Machinery Manufacturing | Mar 2015

Dull blade: A growing share of industry demand will be fulfilled by imports

The Cutting Tool & Machine Tool Accessory Manufacturing market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$6bn
Annual Growth 10-15
2.6%
Annual Growth 15-20
Purchase to read more
Profit
Purchase to read more
Employment
29,448
Businesses
1,320
Industry Analysis & Industry Trends

The Cutting Tool and Machine Tool Accessory Manufacturing industry's products, which include small knives and drill bits, are attached onto the cutting and machine tools used in the metalworking process. Consequently, they are demanded by machine shops, automotive producers and other manufacturers including those in the construction and mining sectors. In the five years to 2015, stronger production in those sectors has pushed up demand for cutting tool accessories and spurred industry growth. In the coming years, despite strong industrial activity and growing demand for cutting tool and machine tool accessories, less of this demand will be directed at US manufactured products.... purchase to read more

Industry Report - Starting a New Business Chapter

IBISWorld analysis estimates that barriers to entry into the Cutting Tool and Machine Tool Accessory Manufacturing industry are moderate. The lack of major companies, low industry concentration and relatively light regulations compared with other manufacturing industries make entry into the cutting tool business fairly easy. However, some entrants may find the large amount of capital needed to purchase industrial machines a moderate barrier. Additionally, while industry employees are not required to have a license to operate, a high level of metalworking specialization and skills are necessary. Therefore, access to a technically skilled workforce provides a barrier for new entrants... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Cutting Tool & Machine Tool Accessory Manufacturing Industry?

This industry manufactures accessories and attachments for cutting tools, such as small knives and drilling bits. It also manufactures accessories for machine tools such as mechanical clampers. Operators may also provide custom fabrication and repair work on a contract basis.

Industry Products
Cutting tool accessoriesMachine tool accessoriesMiscellaneous receipts
 
Industry Activities
Manufacturing cutting tool accessoriesManufacturing machine tool accessoriesPerforming miscellaneous contract, repair and resale work


View Sample
Quote
Select Clients