Heavy metal: Reduced manufacturing activity in the state has inhibited industry growth

Over the five years to 2018, the Metalworking Machinery Manufacturing industry in Pennsylvania is expected to fall at an annualized rate of 2.4% to $1.5 billion, including an expected decline of 2.0% in 2018. Industry operators manufacture a wide-variety of products such as machinery for cutting dies, jigs, industrial molds, boring, drilling and machine equipment. During the five-year period, steel, the industry’s main purchase cost, has remained volatile, though its price has ultimately fallen over the past five years. On account of a decrease in demand as well as a decline in top-line selling prices for the industry’s products, total revenue has fallen for the majority part of the five-year period...purchase to read more.

Industry Statistics & Market Size
Revenue
$1bn
Annual Growth 13-18
-2.4%
Forecast Growth 18-23
Profit
Employment
8,216
Businesses
370

Industry Threats & Opportunities

  • During the five-year period, steel, the industry’s main purchase cost, has remained volatile, though its price has ultimately fallen
  • Industry Report - Industry Key Buyers Chapter

    •The Metalworking Machinery Manufacturing Industry exhibits a low to moderate level of market share concentration in Pennsylvania. The top four companies in the state are expected to generate a combined 11.7% of total industry revenue in 2018. In contrast, market share concentration is lower nationally.•The presence of large operators such as Kennametal Inc. and Hitachi Metals Inc. in the state has made the industry in Pennsylvania moderately concentrated.•However, just like the national industry, the majority of companies are small to medium-sized businesses. According to data from the US Census, an estimated 67.0% of total operators in the state industry employ fewer than 20 people...purchase to read more.

    Additional Insights for the Metalworking Machinery Manufacturing in Pennsylvania Industry

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

    shopping_cartPURCHASE OPTIONS

    What's in this report

    What is the Metalworking Machinery Manufacturing in Pennsylvania 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 Pennsylvania
  • 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 Pennsylvania 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 mold manufacturing
  • Machine tool manufacturing
  • Rolling mill and other metalworking machinery manufacturing
  • Special die and tool, die set, jig, and fixture manufacturing
  • Cutting tool and machine tool accessory manufacturing
  • Chart: Metalworking Machinery Manufacturing in Pennsylvania Industry Products and Services Segmentation

  • Major Markets
  • Automotive Manufacturers
  • Machine shops
  • All Other including appliance, energy, machinery and equipment
  • Chart: Major Market Segmentation for the Metalworking Machinery Manufacturing in Pennsylvania 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 Pennsylvania

  • Basis of Competition
    Barriers to Entry
    Kennametal Inc., Hitachi Metals America Ltd., Pace Industries Inc., Wilsey Tool Company Inc.,
  • Table: Kennametal Inc. - financial performance
  • Table: Hitachi Metals America Ltd. - financial performance
  • Table: Pace Industries Inc. - financial performance
  • Table: Wilsey Tool Company Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Metalworking Machinery Manufacturing in Pennsylvania 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 Pennsylvania 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

    Why buy this report?

    The Metalworking Machinery Manufacturing in Pennsylvania Industry Research Report measures market size, analyses current and future trends, and provides an indication of market share for the industry’s largest companies. IBISWorld’s collection of industry market research reports gives you insightful, up-to-date information on the supply chains, economic drivers, and key buyers and markets for hundreds of industries.

    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 Pennsylvania:
    • 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 Pennsylvania 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 Pennsylvania, 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