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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 Key Buyers Chapter

The Cutting Tool and Machine Tool Accessory Manufacturing industry is characterized by a large number of small operators. In 2014, IBISWorld estimates that the average industry establishment employs 21 workers. Because of their niche manufacturing focus on cutting tool machinery and accessory manufacturing, these firms lack the capacity to garner a significant amount of the industry's potential US market share. Instead, firms work locally or regionally to supply various downstream manufacturers with new tools, replacement parts and periodic service and repair of existing machinery. Concentration is forecast to increase as larger companies seek to widen their industrial scope or bolster existing holdings by acquiring small but potentially complementary businesses in this industry... 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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