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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

IBISWorld’s Cutting Tool & Machine Tool Accessory Manufacturing market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

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
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Profit
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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 - Industry Locations Chapter

The distribution of industry establishments is based largely off the location of raw materials, downstream users and export markets. Companies tend to operate near sources of key inputs (i.e. steel) and downstream markets to reduce transportation costs. As a result, cutting tool and machine tool accessory manufacturers tend to be located in highly industrialized areas. The Great Lakes (43.3%), the Mid-Atlantic (12.5%) and the Southeast (10.9%) regions exhibit the highest concentration of industry establishments.

Great Lakes

The Great Lakes is home to the highest concentration of industry establishments due to its proximity to major downstream users, such as automobile manufacturers and its access to ports... 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


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