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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 | Oct 2014

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

IBISWorld’s Cutting Tool & Machine Tool Accessory Manufacturing market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$6bn
Annual Growth 09-14
9.8%
Annual Growth 14-19
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Profit
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Employment
26,152
Businesses
1,180
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

 


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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