Industry Analysis & Industry Trends
The Cutting Tool and Machine Tool Accessory Manufacturing industry experienced adverse effects from the economic downturn. During the recession, negative economic conditions reduced demand for machined parts at tool and die businesses, causing demand for custom work to decline. As the economy improves, downstream demand will continue to rise, spurring marginal revenue growth. Nevertheless, stagnant product innovation will hamper overall growth.... 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 more subtle instruments like measuring tools and letter pins. Industry firms also provide services like repair, maintenance and custom work on a contract basis.
Small cutting tools
Small cutting tools include metal cutters and inserts for milling work, metalworking drill bits, hobs (for cutting gears), and knives and bits for lathes, planers and shapers... purchase to read more