In good shape: As demand from the industry's largest end-market rises, revenue will increase

The Metalworking Machinery Manufacturing Industry manufactures a wide-variety of products such as machinery for cutting dies, jigs, industrial molds, boring, drilling and machine equipment. Over the five years to 2018, the industry in Michigan is expected to rise at an annualized rate of 0.9% to $8.1 billion, including an expected rise of 0.3% in 2018. On account of the industry’s key end-market, automotive and automotive parts manufacturers, experiencing an increase in revenue over the past five years, the industry has benefited during the same period.

Furthermore, the manufacturing GDP of Michigan is expected to rise at an annualized rate of 0.4% over the five years to 2018.

Industry Statistics & Market Size
Revenue
$8bn
Annual Growth 13-18
0.9%
Forecast Growth 18-23
Profit
Employment
34,482
Businesses
1,115

Industry Threats & Opportunities

  • Demand from automotive and automotive parts manufacturers is expected to continue increasing

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    Additional Insights for the Metalworking Machinery Manufacturing in Michigan Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Metalworking Machinery Manufacturing in Michigan 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 Manufacturing GDP for Michigan and Industrial production index in the Metalworking Machinery Manufacturing in Michigan industry impact industry performance..

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    What's in this report

    What is the Metalworking Machinery Manufacturing in Michigan 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
  • Industrial mold manufacturing
  • Special die and tool, die set, jig, and fixture manufacturing
  • Cutting tool and machine tool accessory manufacturing
  • Machine tool manufacturing
  • Rolling mill and other metalworking machinery manufacturing
  • 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
  • Manufacturing GDP for Michigan
  • Industrial production index
  • World price of steel
  • Private investment in metalworking machinery

  • Current Performance
    Industry Outlook
    Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Metalworking Machinery Manufacturing in Michigan 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 die and tool, die set, jig, and fixture manufacturing
  • Industrial mold manufacturing
  • Machine tool manufacturing
  • Cutting tool and machine tool accessory manufacturing
  • Rolling mill and other metalworking machinery manufacturing
  • Chart: Metalworking Machinery Manufacturing in Michigan Industry Products and Services Segmentation

  • Major Markets
  • Auto
  • Machine
  • Other
  • Chart: Major Market Segmentation for the Metalworking Machinery Manufacturing in Michigan Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Metalworking Machinery Manufacturing in Michigan

  • Basis of Competition
    Barriers to Entry
    A.B. Heller Inc., Atlas Tool Inc., Commercial Tool Group, Iroquois Industries Inc.,
  • Table: A.B. Heller Inc. - financial performance
  • Table: Atlas Tool Inc. - financial performance
  • Table: Commercial Tool Group - financial performance
  • Table: Iroquois Industries Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Metalworking Machinery Manufacturing in Michigan 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 in Michigan Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Private investment in metalworking machinery (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    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.
  • What Our Customers Say

    Why buy this report?

    The Metalworking Machinery Manufacturing in Michigan industry market report contains data and analysis of the most influential current and future trends shaping the industry. IBISWorld’s in-depth industry market research is presented in a logical, user-friendly format, and provides growth and profit forecasts for a five-year outlook period.

    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 in Michigan:
    • 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 in Michigan 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 in Michigan, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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