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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 | Aug 2016

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

IBISWorld’s Cutting Tool & Machine Tool Accessory Manufacturing market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$6bn
Annual Growth 11-16
1.5%
Annual Growth 16-21
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Profit
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Employment
30,459
Businesses
1,373
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 2016, 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 Products Chapter

According to the North American Industry Classification System (NAICS), the Cutting Tool and Machine Tool Accessory Manufacturing industry produces about 37 different categories of tools. Products include heavy-duty bits and knives that rotate at thousands of revolutions per minute to cut blocks of raw metal into complex geometric patterns and subtler instruments like measuring tools and letter pins. Industry operators also provide services like repair, maintenance and custom work on a contract basis. The following is a broad categorization of industry products and services.

Cutting tool accessories

Small cutting accessories are the primary industry offering, generating an estimated 66.1% of revenue in 2016... 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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