Iron bound: Growing demand from downstream markets will benefit the Ohio industry

Growth in the Metalworking Machinery Manufacturing industry's key end markets, such as the automotive and construction sectors, coupled with the state's strong manufacturing base has helped industry operators achieve steady gains in revenue over the past five years. Like the US industry, machine tool manufacturing dominates Ohio industry revenue. The manufacturing GDP of Ohio, which constitutes the largest component of the state's GDP, is expected to grow over the five years to 2018. As manufacturing has increased over the past five years, demand for metal forming machine tools such as punching, sheering and die-casting machines has also increased. Furthermore, overall construction activity in the state has also increased over the past five years...purchase to read more.

Industry Statistics & Market Size
Revenue
$4bn
Annual Growth 13-18
1.4%
Forecast Growth 18-23
Profit
Employment
17,685
Businesses
638

Industry Threats & Opportunities

  • Like the US industry, machine tool manufacturing dominates Ohio industry revenue
  • Additional Insights for the Metalworking Machinery Manufacturing in Ohio Industry

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

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    What's in this report

    What is the Metalworking Machinery Manufacturing in Ohio 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 Ohio
  • Industrial production index
  • Value of residential construction in Ohio
  • World price of steel

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

  • Major Markets
  • Automakers
  • Machine shops
  • All other
  • Chart: Major Market Segmentation for the Metalworking Machinery Manufacturing in Ohio 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 Ohio

  • Basis of Competition
    Barriers to Entry
    Dayton Lamina Corporation, GROB-WERKE GmbH & Co. KG, Milacron Inc., The Superior Die, Tool and Machine Company,
  • Table: Dayton Lamina Corporation - financial performance
  • Table: GROB-WERKE GmbH & Co. KG - financial performance
  • Table: Milacron Inc. - financial performance
  • Table: The Superior Die, Tool and Machine Company - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Metalworking Machinery Manufacturing in Ohio 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 Ohio Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • World price of steel (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

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    This report on Metalworking Machinery Manufacturing in Ohio:
    • 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 Ohio 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 Ohio, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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