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

In the five years to 2017, the Metalworking Machinery Manufacturing industry has declined, mainly due to a continuous decrease in demand from downstream markets. Additionally, activity in manufacturing industries filters into this industry in the form of private investment in metalworking machinery. In 2012, the industry grew, representing a rebound, as demand in the automobile and construction sectors recovered. Since then, industry revenue has reflected similar trends along the lines of a continuous decline in overall domestic manufacturing activity. However, IBISWorld anticipates that the industry will rebound in the five years to 2022...read more.

Industry Statistics & Market Size
Revenue
$956m
Annual Growth 12-17
-2.5%
Forecast Growth 17-22
Profit
Employment
4,894
Businesses
216
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Industry Threats & Opportunities

  • Industry revenue has reflected similar trends as a decline in overall domestic manufacturing activity
  • Unionization negatively affected demand from downstream customers of the industry
  • Defense and aerospace manufacturing are expected to provide a steady source of demand
  • Industry Report - Industry Products Chapter

    Special tool, die, jig and fixture manufacturingIBISWorld estimates that special tools, die sets, jigs and fixtures account for 14.1% industry revenue in 2017 and is almost half the size when compared to the US as a whole. Operators in this segment are typically small players that are contracted by metal- and plastic-casting operators. Major casters include motor vehicle and parts manufacturers, as well as casters supplying metal-fabricating industries. Molds for plastic products are primarily used by injection-molding manufacturers.Industrial mold manufacturingDownstream markets sometimes require special molds to mass produce goods. Unl...purchase to read more.

    Additional Insights for the Metalworking Machinery Manufacturing in New York Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Metalworking Machinery Manufacturing in New York 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 in New York industry impact industry performance..

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    What is the Metalworking Machinery Manufacturing in New York 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 molds and mold boxes
  • Special dies, tools, jigs, and fixtures
  • Cutting tools for machine tools and metalworking machinery
  • 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 manufacturing activity declines
  • Profit and participation
  • Chart: Revenue Growth

  • Industry Outlook
  • Private investment to remain steady
  • Regulatory Incentives
  • Automakers to help drive demand
  • Table: Metalworking Machinery Manufacturing in New York Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Metalworking Machinery Manufacturing in New York 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
  • Industrial molds and mold boxes
  • Rolling mill machinery and other metalworking machinery
  • Cutting tools for machine tools and metalworking machinery
  • Special dies, tools, jigs, and fixtures
  • Chart: Metalworking Machinery Manufacturing in New York Industry Products and Services Segmentation

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

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesDepreciation, rent and utilitiesOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Metalworking Machinery Manufacturing in New York

  • Basis of Competition
  • Internal competition
  • External competition

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

  • LVD Group StrippitGT Machine and Tool CompanyJacobi IndustriesMinutemen Precision Machine and Tool CorporationPhinney Tool and Die CompanyPrecise Tool and Manufacturing
  • Table: LVD Group Strippit - financial performance
  • Table: GT Machine and Tool Company - financial performance
  • Table: Jacobi Industries - financial performance
  • Table: Minutemen Precision Machine and Tool Corporation - financial performance
  • Table: Phinney Tool and Die Company - financial performance
  • Table: Precise Tool and Manufacturing - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Metalworking Machinery Manufacturing 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 Metalworking Machinery Manufacturing in New York Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (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
    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 in New York Industry Research Report contains up-to-date data and analysis, allowing you to identify the strengths and potential weaknesses of major companies in the industry. Build your credibility with clients and prospects by sharing insights into the current and emerging trends driving their industry. Our market research gives you the tools to win new business and keep existing clients.

    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 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 Metalworking Machinery Manufacturing 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 Metalworking Machinery Manufacturing in New York, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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