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Machine Shop Services in the US Industry Data and Analysis
The machine shop services industry will continue to expand throughout 2026, as demand from sectors such as automotive, aerospace, construction and heavy machinery is set to grow, which rely heavily on precision machining services. This presents an opportunity for machine shops to expand their operations and invest in advanced technology, thereby enhancing their capacity and competitive edge. However, the industry faces challenges as a result of additional tariffs on metal imports, notably Section 232 tariffs on steel and aluminum, leading to increased costs and potential supply constraints from non-domestic producers. This is expected to contribute to volatility in input material prices, as fluctuations in steel and aluminum prices impact revenue and require adaptive pricing strategies to maintain clientele, while also preserving and maintaining profitability. To navigate these complexities, machine shops must consider diversification strategies, particularly by targeting large and stable sectors such as defense and healthcare. Industry revenue is forecast to continue rising at a five-year CAGR of 0.5%, reaching $47.9 billion by the end of 2026, with an anticipated 1.8% growth rate throughout the end of 2026. Despite projections of volatile input material pricing, industry profit is forecast to remain steady, as this industry is largely able to pass along price increases to end consumers, as demonstrated by the Product Pricing Index (PPI), which over the past five years has shown significant increases in the average price of products and services provided, while profitability has largely remained unchanged.
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What's included in this industry analysis
IBISWorld's research coverage on the Machine Shop Services industry in the United States includes market sizing, forecasting, data and analysis from 2016-2031. The most recent publication was released February 2026.
About this industry
What's this industry report about?
The Machine Shop Services industry in the United States operates under the NAICS industry code 33271. The Machine Shop Services industry cuts raw materials into specified shapes and sizes using tools such as lathes, milling machines, grinders and drill presses. Almost all forms of metal product fabrication involve machining and manufacturers may also machine plastic and composite materials. Related terms covered in the Machine Shop Services industry in the United States include turning, boring, milling, machine shop, electrical discharge machining (edm), electrochemical machining (ecm), computer numeric control (cnc), industrial production index and billet.
What's included in this industry?
Products and services covered in Machine Shop Services industry in the United States include Machine centers, Turning centers and lathes and Grinding .
What companies are included in this industry?
Companies covered in the Machine Shop Services industry in the United States include National Technologies Inc.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Machine Shop Services industry in the United States.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed products and service segmentation and analysis of major markets for the for the Machine Shop Services industry in the United States.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Machine Shop Services industry in the United States.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Machine Shop Services industry in the United States. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Machine Shop Services industry in the United States. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Machine Shop Services industry in the United States. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Machine Shop Services industry in the United States. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Machine Shop Services industry in the United States.
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Frequently Asked Questions
What is the market size of the Machine Shop Services industry in the United States in 2026?
The market size of the Machine Shop Services industry in the United States is $47.8bn in 2026.
How many businesses are there in the Machine Shop Services industry in the United States in 2026?
There are 16,619 businesses in the Machine Shop Services industry in the United States, which has declined at a CAGR of 0.8 % between 2021 and 2026.
How may import tariffs affect the Machine Shop Services industry in the United States?
The Machine Shop Services industry in the United States is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.
How may export tariffs affect the Machine Shop Services industry in the United States?
The Machine Shop Services industry in the United States is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.
Has the Machine Shop Services industry in the United States grown or declined over the past 5 years?
The market size of the Machine Shop Services industry in the United States has been growing at a CAGR of 0.4 % between 2021 and 2026.
What is the forecast growth of the Machine Shop Services industry in the United States over the next 5 years?
Over the next five years, the Machine Shop Services industry in the United States is expected to grow.
What are the biggest companies in the Machine Shop Services industry in the United States?
The biggest company operating in the Machine Shop Services industry in the United States is National Technologies Inc.
What does the Machine Shop Services industry in the United States include?
Turning services to produce cylindrical components and Drilling and boring services are part of the Machine Shop Services industry in the United States.
Which companies have the highest market share in the Machine Shop Services industry in the United States?
The company holding the most market share in the Machine Shop Services industry in the United States is National Technologies Inc..
How competitive is the Machine Shop Services industry in the United States?
The level of competition is high and steady in the Machine Shop Services industry in the United States.
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