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Machine Shop Services in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Machine Shop Services Market Research Report | NAICS 33271 | Nov 2016

Broken wheel: Lower demand from key downstream markets will decrease demand for industry services

The Machine Shop Services market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Annual Growth 11-16
Annual Growth 16-21
Annual Growth
Industry Threats & Opportunities
  • Productivity improvements driven by high-tech markets have aided industry operations
  • A progressively aging US population has bolstered demand for medical devices
  • Demand from heavy machinery manufacturers is expected to increase over the next five years
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Industry Analysis & Industry Trends

The Machine Shop Services industry steadily expanded in the five years to 2016, posting revenue growth in each of the past five years. Much of this growth was driven by a robust rebound in the industry's major markets, including commercial aerospace and transportation manufacturing, which picked up in 2011. Over the five years to 2021, operators will devote further resources to satisfying growing demand from manufacturers in markets like automobile manufacturing, commercial aircraft manufacturing and metal forging. Demand from medical device manufacturers is also expected to increase due to a progressively aging US population with an increasing need for medical care. This will heighten the need for micromachined products... ... purchase to read more

Industry Report - Starting a New Business Chapter

The majority of industry revenue is attributable to established services such as basic milling and turning. The associated manufacturing technologies for these services are standardized and widely accessible. Milling and turning computer numerical control (CNC) machines are present in almost every machine shop. Their high market penetration has caused the prices for these machines to become more affordable. Entry is relatively easy for a new company wishing to provide these services and requires only a modest capital outlay. The costs for cutting-edge CNC machinery can be far greater. More complicated and expensive services, however, contribute a lesser amount to total industry revenue.

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Additional Insights for the Machine Shop Services Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Machine Shop Services 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 Demand from metal stamping and forging in the Machine Shop Services industry impact industry performance... purchase to read more


    Industry ProductsRelated Reports

    What is the Machine Shop Services Industry?

    The Machine Shop Services industry cuts 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
    MillingTurningGrinding EDM and ECM
    Industry Activities
    Turning services to produce cylindrical componentsDrilling and boring servicesManual and computer numerical control (CNC) milling servicesSawing servicesBroaching services to enlarge existing holesFastening services using automatic screw machinesGrinding and planing services

    Table of Contents
    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Industrial production index
  • Demand from metal stamping and forging
  • Demand from car and automobile manufacturing
  • Demand from machinery manufacturing
  • Aggregate private investment
  • World price of steel
  • Federal funding for defense
  • Current Performance
  • Manufacturing bolsters the industry
  • Other downstream markets
  • Industry landscape
  • Chart: Revenue Growth
  • Industry Outlook
  • Manufacturing growth helps drive revenue gains
  • Demand for medical devices, satellites and sporting goods aids industry
  • Profit and employment growth
  • Table: Machine Shop Services Industry Revenue Outlook
  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Machine Shop Services Industry Lifecycle vs The Economy
  • Products & Markets
    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 Industry Products and Services Segmentation
  • Demand Determinants
  • Consumer spending
  • Defense spending
  • Metal forging activity
  • Demand for medical devices
  • Technology and substitutes
  • Major Markets
  • Fabricated metal product markets
  • Automotive, transportation and off-highway vehicle markets
  • Industrial machinery and equipment markets (including components)
  • Airline markets
  • Medical markets
  • Electronics and telecommunications markets
  • Other markets
  • Chart: Major Market Segmentation for the Machine Shop Services Industry
  • International Trade
    Business Locations
  • Chart: Business Locations by State
  • Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Machine Shop Services
  • Basis of Competition
  • Internal competition
  • External competition
  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Machine Shop Services Industry
  • Industry Globalization
    Major Companies
    There are no major players in this industry
    Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Machine Shop Services Industry
  • Chart: Tools of the Trade: Growth Strategies for Success
  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth
  • Regulation & Policy
    Industry Assistance
    Key Statistics
  • Table: Industry Data for the Machine Shop Services Industry
  • Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • Industrial production index (2007-2021)
  • Table: Annual Percentage Change for Key Industry Data
  • Table: Key Ratios for Industry Key Data
  • Table: Industry Financial Ratios
  • Jargon & Glossary
  • 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 Numeric 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.
  • Industrial Production Index
  • An economic indicator that measures real production output including manufacturing, mining, and utilities.
  • 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 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:
    • 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 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 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, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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