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 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
Annual Growth 09-14
Annual Growth 14-19
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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 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 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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