Dull blade: Although revenue is expected to increase, growth has been volatile

This industry manufactures accessories and attachments for tools that cut and form metals. Industry products include small knives, blade cutters and drilling bits, as well as holders, clampers and tapering attachments. Cutting and machine tools and their accessories are primarily demanded by machine shops, automotive manufacturers and heavy equipment manufacturers. Improving activity in those sectors has pushed demand for cutting tool and machine tool accessories and has driven industry revenue growth over the five years to 2017. The industry is expected to contend with similar conditions in the five years to 2022. Industrial activity is expected to exhibit similar annualized growth trends and is not forecast to experience any sharp year-over-year declines...purchase to read more.

Industry Statistics & Market Size
Revenue
$6bn
Annual Growth 12-17
0.8%
Forecast Growth 17-22
Profit
Employment
29,277
Businesses
1,233
Market Share of Companies

Industry Threats & Opportunities

  • Growing demand for cutting tool and machine tool accessories is expected to be derived from nonresidential building activity
  • Imports have been aided by the recent appreciation of the US dollar
  • Economic indicators portray a positive outlook for the industry's key markets
  • Industry Report - Industry Products Chapter

    According to the North American Industry Classification System (NAICS), the Cutting Tool and Machine Tool Accessory Manufacturing industry produces 37 different listed categories of tools. Products include heavy-duty bits and knives that rotate at thousands of revolutions per minute to cut blocks of raw metal into complex geometric patterns and subtler instruments like measuring tools and letter pins. Industry operators also provide services like repair, maintenance and custom work on a contract basis. The following is a broad categorization of industry products and services.Cutting tool accessoriesSmall cutting accessories are the primary industry offering, generating an estimated 67.8% of revenue in 2017. The...purchase to read more.

    Additional Insights for the Cutting Tool & Machine Tool Accessory Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Cutting Tool & Machine Tool Accessory Manufacturing Industry are

  • Using advanced technologies
  • Location
  • Product knowledge
  • IBISWorld analysts also discuss how external factors such as Industrial production index and Private investment in metalworking machinery in the Cutting Tool & Machine Tool Accessory Manufacturing industry impact industry performance..

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    What's in this report

    What is the Cutting Tool & Machine Tool Accessory Manufacturing Industry?

    This industry manufactures accessories and attachments for cutting tools, such as small knives and drilling bits. It also manufactures accessories for machine tools such as mechanical clampers. Operators may also provide custom fabrication and repair work on a contract basis.

    Industry Products
  • Cutting tool accessories
  • Machine tool accessories
  • Miscellaneous receipts
  • Industry Activities
  • Manufacturing cutting tool accessories
  • Manufacturing machine tool accessories
  • Performing miscellaneous contract, repair and resale work
  • 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
  • Value of residential construction
  • Import penetration into the manufacturing sector

  • Current Performance
  • Functionality and key markets
  • International trade
  • Participation and profit
  • Chart: Revenue Growth

  • Industry Outlook
  • Imports on the rise
  • Fewer opportunities for growth
  • Industry landscape
  • Table: Cutting Tool & Machine Tool Accessory Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Cutting Tool & Machine Tool Accessory Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Manufacturing

  • 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
  • Cutting tool accessories
  • Miscellaneous receipts
  • Machine tool accessories
  • Chart: Cutting Tool & Machine Tool Accessory Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
  • Domestic demand
  • Global demand

  • Major Markets
  • Machine shops
  • Automakers
  • Other
  • Exports
  • Chart: Major Market Segmentation for the Cutting Tool & Machine Tool Accessory Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Depreciation and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Cutting Tool & Machine Tool Accessory Manufacturing

  • Basis of Competition
  • Performance
  • Price
  • Geography
  • Related services

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Cutting Tool & Machine Tool Accessory Manufacturing Industry

  • Industry Globalization
    Sandvik AB,
  • Table: Sandvik AB - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Cutting Tool & Machine Tool Accessory Manufacturing 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 Cutting Tool & Machine Tool Accessory Manufacturing Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • Industrial production index (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Channeling
  • The placement of grooves, angles and other edge surfaces on a cutting bit, drill or bore.
  • Hobs
  • Specialized bits designed for cutting teeth and grooves into gears.
  • Titanium
  • A very hard metallic element used in the production of many cutting tools.
  • Trade-Weighted Index
  • Measures the strength of the US dollar relative to the currencies of its trading partners.
  • What Our Customers Say

    Why buy this report?

    The Cutting Tool & Machine Tool Accessory Manufacturing industry market report contains strategic analysis of the key drivers influencing the industry. Save hours of time on research and prospecting using IBISWorld’s standardized, up-to-date reports on thousands of industries. Our industry research provides growth and profit forecasts for a five-year outlook period, presented in a clear and user-friendly format.

    IBISWorld industry market research reports enable you to:
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    This report on Cutting Tool & Machine Tool Accessory Manufacturing:
    • 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 Cutting Tool & Machine Tool Accessory Manufacturing 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 Cutting Tool & Machine Tool Accessory Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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