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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 | Sep 2013

Cutting down: Improved downstream demand will benefit firms, but low innovation will limit growth

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
$5bn
Annual Growth 08-13
-1.1%
Annual Growth 13-18
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Profit
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Employment
32,476
Businesses
1,490
Industry Analysis & Industry Trends

Cutting out

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 and demand for custom work fell. As the economy improves, downstream demand will likely rise, spurring marginal revenue growth. Nevertheless, stagnant product innovation will hamper overall growth.
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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 low. 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. Some entrants may find the high level of capital intensity a barrier, as industrial machines capable of producing cutting tools can be expensive. Similarly, while industry employees are not required to have a license to operate, a high level of metalworking specialization and skills are necessary. In some areas of this industry, technical knowledge is a medium barrier to entry... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

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

This industry primarily manufactures metal-cutting and metal-forming machine tools, accessories and attachments. Firms may also provide custom fabrication and repair work on a contract basis.

Industry Products
Small cutting toolsCutting tool attachments and accessoriesOther metal-cutting tools and partsMiscellaneous receipts
 
Industry Activities
Manufacturing cutting tools for metalworking machineryManufacturing accessories for machine toolsPerforming miscellaneous contract, repair and resale work


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