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 can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

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 Investment Chapter

The Cutting Tool and Machine Tool Accessory Manufacturing industry has a low level of capital intensity. IBISWorld estimates that for every $1.00 spent on wages, industry operators will allocate $0.12 toward capital investment. This is a slight increase since 2009, which indicates that industry operators are investing in machinery to improve productivity in their manufacturing facilities. Further indicating this trend, wages as a share of revenue has declined significantly over the five years to 2014 as industry operators have relied on technology to make workers more productive.

Despite the need for expensive machinery to produce industry products, labor is a key input in the manufacturing process... 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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