Forgot Password?

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 | Aug 2016

Dull blade: A growing share of industry demand will be fulfilled by imports

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
Annual Growth 11-16
Annual Growth 16-21
Purchase to read more
Purchase to read more
Industry Analysis & Industry Trends

The Cutting Tool and Machine Tool Accessory Manufacturing industry's products, which include small knives and drill bits, are attached onto the cutting and machine tools used in the metalworking process. Consequently, they are demanded by machine shops, automotive producers and other manufacturers including those in the construction and mining sectors. In the five years to 2016, stronger production in those sectors has pushed up demand for cutting tool accessories and spurred industry growth. In the coming years, despite strong industrial activity and growing demand for cutting tool and machine tool accessories, less of this demand will be directed at US manufactured products.... 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 2016, IBISWorld estimates that no operator generates 5.0% or more of revenue, making major players absent from this industry. Since their niche manufacturing focus on small cutting tools and other accessories, the majority of industry operators lack the capacity to garner significant market share. Instead, they work locally or regionally to supply various downstream manufacturers with new tools, replacement parts and periodic service and repair of existing machinery. Meanwhile, national industrial powerhouses are typically focused on broader machinery manufacturing operations with only a small share of their revenue being industry-specific... purchase to read more


Industry ProductsRelated ReportsTable of Contents

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

This industry manufactures accessories and attachments for cutting tools, such as small knives and drilling bits. It also manufactures accessories for machine tools such as mechanical clampers. Operators may also provide custom fabrication and repair work on a contract basis.

Industry Products
Cutting tool accessoriesMachine tool accessoriesMiscellaneous receipts
Industry Activities
Manufacturing cutting tool accessoriesManufacturing machine tool accessoriesPerforming miscellaneous contract, repair and resale work

View Sample
Select Clients