Forging ahead: Strengthening economic conditions will aid revenue despite import pressure

Over the past five years, the Metalworking Machinery Manufacturing industry, which produces power-operated tools and machine accessories used for finishing or shaping metal parts, has experienced solid revenue growth. Over the five years to 2017, private investment in metalworking machinery has steadily improved. As manufacturing industries expanded production capacity due to increasing use of their products, demand was steady for industry operators. Significantly, demand from the rebounding automobile and construction sectors helped drive revenue growth. These trends are forecast to continue over the next five years, and consequently industry revenue is expected to rise...read more.

Industry Statistics & Market Size
Revenue
$35bn
Annual Growth 12-17
1.9%
Forecast Growth 17-22
Profit
Employment
143,621
Businesses
6,419
Market Share of Companies
There are no companies with a dominant market share in this industry
What Our Customers Say

Industry Threats & Opportunities

  • Over the past five years, private investment in metalworking machinery has steadily improved
  • An abundant supply of quality foreign goods persisted during the first half of the five-year period
  • Private investment in metalworking will taper off later in the period, and so will revenue growth
  • Industry Report - Industry Key Buyers Chapter

    Concentration in the Metalworking Machinery Manufacturing industry is low. At an estimated 3.8% market share, Haas Automation is the largest industry operator in the United States. This industry is highly fragmented, with more than half of all companies employing fewer than 10 people. This industry is fragmented due to the specialized nature of downstream markets. The variety of downstream markets, such as automotive, airplane, defense, construction, mining, energy and gas, give smaller companies an advantage by specializing in individual product segments rather than producing a vast array of machinery. The number of enterprises operating in the industry is expected to decline at an annualized rate of 1.1% over the five years to 2017...purchase to read more.

    Additional Insights for the Metalworking Machinery Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Metalworking Machinery Manufacturing Industry are

  • Access to the latest available and most efficient technology and techniques
  • Proximity to key markets
  • Having contacts within key markets
  • IBISWorld analysts also discuss how external factors such as Industrial production index and Private investment in metalworking machinery in the Metalworking Machinery Manufacturing industry impact industry performance..

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    What is the Metalworking Machinery Manufacturing Industry?

    Companies in this industry primarily manufacture power-operated tools that are used for finishing or shaping metal parts, which are then used to manufacture other machines. Industry products include wire drawing and fabricating machines, metal cutting tools, special dies and coil handling equipment. This industry excludes companies that primarily manufacture power tools and other general-purpose machinery accessories (see IBISWorld report 33399).

    Industry Products
  • Special tool, die, jig and fixture manufacturing
  • Metal-cutting and machine-forming machinery
  • Industrial mold manufacturing
  • Cutting tool and machine tool accessory manufacturing
  • Rolling mill machinery and Other metalworking machinery
  • Industry Activities
  • Manufacturing special dies, tools, die sets, jigs and fixtures
  • Manufacturing metal-cutting and forming machine tools
  • Manufacturing industrial molds
  • Manufacturing cutting and machine tool accessories
  • Manufacturing rolling mills and other metalworking machinery
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Industrial production index
  • Private investment in metalworking machinery
  • Trade-weighted index
  • World price of steel

  • Current Performance
  • Downstream demand strengthening
  • International trade remains steady
  • Profit and participation
  • Chart: Revenue Growth

  • Industry Outlook
  • Private investment to remain steady
  • Automakers to help drive demand
  • Trade to remain crucial
  • Steady profit
  • Table: Metalworking Machinery Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Metalworking Machinery Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Manufacturing
  • Machine Shop Services

  • Key Selling Industries
  • Aluminum Manufacturing
  • Ball Bearing Manufacturing
  • Electrical Equipment Manufacturing
  • Iron & Steel Manufacturing
  • Nonferrous Metal Rolling & Alloying
  • Screw, Nut & Bolt Manufacturing
  • Structural Metal Product Manufacturing

  • Products & Services
  • Special tool, die, jig and fixture manufacturing
  • Metal-cutting and machine-forming machinery
  • Industrial mold manufacturing
  • Cutting tool and machine tool accessory manufacturing
  • Rolling mill machinery and Other metalworking machinery
  • Chart: Metalworking Machinery Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Machine shops
  • Automakers
  • Other markets
  • Exports
  • Chart: Major Market Segmentation for the Metalworking Machinery Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Depreciation, rent and utilities
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Metalworking Machinery Manufacturing

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Metalworking Machinery Manufacturing Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Metalworking Machinery Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Metalworking Machinery Manufacturing Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • World price of steel (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Computer-Aided Design
  • The use of computer technology for the design of real and virtual objects; abbreviated CAD.
  • Jig
  • A custom-made tool used to control the location and/or movement of another tool
  • Lathe
  • A machine used for shaping a piece of material, such as wood or metal, by rotating it rapidly along its axis while pressing a fixed cutting or abrading tool against it.
  • Why buy this report?

    IBISWorld’s Metalworking Machinery Manufacturing Industry Research Report offers insight into the market at the national level. Our analysis highlights macro trends in the overall sector and the micro trends faced by companies that do business in the Metalworking Machinery Manufacturing industry. Our five-year outlook forecasts explain how the market is set to change and the product segments that will drive growth.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Metalworking Machinery Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Metalworking Machinery Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Metalworking Machinery Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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