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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 | Sep 2013

Cutting down: Improved downstream demand will benefit firms, 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
Revenue
$5bn
Annual Growth 08-13
-1.1%
Annual Growth 13-18
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Profit
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Employment
32,476
Businesses
1,490
Industry Analysis & Industry Trends

Cutting out

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 and demand for custom work fell. As the economy improves, downstream demand will likely rise, spurring marginal revenue growth. Nevertheless, stagnant product innovation will hamper overall growth.
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Industry Report - Industry Analysis Chapter

The Cutting Tool and Machine Tool Accessory Manufacturing industry is a sub-segment of the larger Metalworking Machinery Manufacturing industry (IBISWorld report 33351). As in the larger industry, makers of cutting tools and related accessories produce goods that downstream industries use to make other metal parts, machines and original equipment. Cutting tools and accessories represent a fundamental need for almost every manufacturing industry that relies on metal as a key input. Despite the universal need for cutting tools in downstream manufacturing operations, revenue has declined at an annualized rate of 1.1% during the five years to 2013... 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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