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.
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