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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 is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

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 Locations Chapter

IBISWorld estimates that business locations in the Cutting Tool and Machine Tool Accessory Manufacturing industry generally follow the locations of the Metalworking Machinery Manufacturers industry (IBISWorld report 33351). Firms in that industry usually produce the items included in the Cutting Tool and Machine Tool Accessory manufacturing industry (as well as other machining goods). Therefore, makers of cutting tools are often housed within general metalworking manufacturers' operations.

Cutting tools and related accessories are most commonly manufactured in the Great Lakes region. Wisconsin, Illinois, Indiana, Michigan and Ohio each have a significant share of manufacturing activity, encouraging producers of related tools to locate nearby and supply downstream industries... 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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