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 Products Chapter
According to the North American Industry Classification System (NAICS), the Cutting Tool and Machine Tool Accessory Manufacturing industry produces about 37 different categories of tools. Products include heavy-duty bits and knives that rotate at thousands of revolutions per minute to cut blocks of raw metal into complex geometric patterns and subtler instruments like measuring tools and letter pins. Industry operators also provide services like repair, maintenance and custom work on a contract basis. The following is a broad categorization of industry products and services.
Cutting tool accessories
Small cutting accessories are the primary industry offering, generating an estimated 66.1% of revenue in 2016... purchase to read more