On the grind: Overall economic growth has fueled demand for machining services

The Machine Shop Services industry in New York caters to the needs of a multitude of downstream industries, including aircraft manufacturing, vehicle manufacturing, medical device manufacturing and construction machinery manufacturing. Industry performance is strongly shaped by changes in the industrial production index, manufacturing GDP for New York, new car sales and the value of private nonresidential construction in New York. Over the five years to 2017, all of these drivers have trended upward because of overall economic growth. in turn fueling demand for machining solutions and increasing industry revenue...read more.

Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 12-17
3.7%
Forecast Growth 17-22
Profit
Employment
8,059
Businesses
641
What Our Customers Say

Industry Threats & Opportunities

  • Machine shops have adopted innovative tools and equipment to broaden their service offerings, enhance quality and promote safety
  • The manufacturing GDP in New York has grown over the five-year period, supporting industry revenue growth
  • Demand from downstream industries is expected to stabilize somewhat
  • Industry Report - Industry Analysis Chapter

    The Machine Shop Services industry in New York is a well-established provider of diverse machining solutions, including drilling, boring, computer numerical control (CNC) milling, sawing, grinding, fastening and broaching. Machining services are used throughout a multitude of downstream industries, such as construction machinery manufacturing, oil and gas equipment manufacturing, medical device manufacturing, agricultural machinery manufacturing, aircraft manufacturing and vehicle manufacturing. Therefore, demand for industry services is steady, resulting in a low level of revenue volatility...purchase to read more.

    Additional Insights for the Machine Shop Services in New York Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Machine Shop Services in New York Industry are

  • Ability to quickly adopt new technology
  • Effective quality control
  • Access to multiskilled and flexible workforce
  • IBISWorld analysts also discuss how external factors such as Industrial production index and Manufacturing GDP for New York in the Machine Shop Services in New York industry impact industry performance..

    shopping_cartPURCHASE OPTIONS

    What is the Machine Shop Services in New York Industry?

    Operators in the Machine Shop Services industry in New York cut raw materials into specified shapes and sizes using a variety of tools, such as lathes, milling machines, grinders and drill presses. Almost all forms of metal product fabrication involve machining, and industry operators may also machine plastic and composite materials.

    Industry Products
  • Milling
  • Turning
  • Grinding
  • EDM and ECM
  • Industry Activities
  • Turning services to produce cylindrical components
  • Drilling and boring services
  • Manual and computer numerical control (CNC) milling services
  • Sawing services
  • Broaching services to enlarge existing holes
  • Fastening services using automatic screw machines
  • Grinding services
  • 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
  • Manufacturing GDP for New York
  • New car sales
  • Value of private nonresidential construction in New York

  • Current Performance
  • Key sectors underpinning demand
  • Growing automation
  • Chart: Revenue Growth

  • Industry Outlook
  • Downstream markets
  • Technology
  • Table: Machine Shop Services in New York Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Machine Shop Services in New York Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Metal Stamping & Forging
  • Screw, Nut & Bolt Manufacturing
  • Tractors & Agricultural Machinery Manufacturing
  • Construction Machinery Manufacturing
  • Mining, Oil & Gas Machinery Manufacturing
  • Engine & Turbine Manufacturing
  • Wind Turbine Manufacturing
  • Power Tools & Other General Purpose Machinery Manufacturing
  • Aircraft, Engine & Parts Manufacturing
  • Tank & Armored Vehicle Manufacturing

  • Key Selling Industries
  • Aluminum Manufacturing
  • Copper Rolling, Drawing & Extruding
  • Ferrous Metal Foundry Products
  • Metal Pipe & Tube Manufacturing
  • Metal Stamping & Forging
  • Metalworking Machinery Manufacturing
  • Screw, Nut & Bolt Manufacturing
  • Tool & Hardware Wholesaling

  • Products & Services
  • Milling
  • Turning
  • Other
  • Grinding
  • EDM and ECM
  • Chart: Machine Shop Services in New York Industry Products and Services Segmentation

  • Major Markets
  • Electronics and telecommunications markets
  • Automotive, transportation and off-highway vehicle markets
  • Medical market
  • Airlines market
  • Fabricated metal products market
  • Industrial machinery and equipment market (including components)
  • Chart: Major Market Segmentation for the Machine Shop Services in New York Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesRent, utilities and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Machine Shop Services in New York

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Machine Shop Services in New York Industry

  • GT Machine & Tool Co.H&W Machinery Corp.Jrlon Inc.Neptune Machine
  • Table: GT Machine & Tool Co. - financial performance
  • Table: H&W Machinery Corp. - financial performance
  • Table: Jrlon Inc. - financial performance
  • Table: Neptune Machine - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Machine Shop Services in New York 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 Machine Shop Services in New York Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Manufacturing GDP for New York (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Billet
  • A semi-finished piece of metal or other material shaped by machinists; this can also be called a workpiece.
  • Boring
  • The process where a predrilled hole is enlarged with a tool.
  • Computer Numerical Control (Cnc)
  • The automation of machine tools operated by abstractly programmed commands encoded in a computer, as opposed to manually controlled via handwheels or levers, or mechanically automated via cams alone.
  • Electrical Discharge Machining (Edm)
  • A manufacturing process that involves making intricate cuts into metals that have already undergone tempering.
  • Electrochemical Machining (Ecm)
  • A manufacturing process that uses a form of electrolysis to remove metal from an object.
  • Machine Shop
  • An establishment where machining takes place.
  • Milling
  • The process where a rotating cutting tool is used to carve or shape a stationary object.
  • Turning
  • An industry process that uses an edged cutting tool to remove material from a rotating object to create or improve the object's cylindrical shape.
  • Why buy this report?

    IBISWorld’s industry research report on Machine Shop Services in New York contains five-year forecasts and data analysis that can help you identify and mitigate risks in potential new markets. Position yourself as an expert with internal stakeholders by using our comprehensive industry research to inform your reports, proposals and presentations. Our business information will save you money by helping you make better decisions, faster.

    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 Machine Shop Services in New York:
    • 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 Machine Shop Services in New York 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 Machine Shop Services in New York, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

    Contact Us

    Want to speak to a representative? Call us.

    clear