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Machine Shop Services in the US Procurement Price, Data and Insights
Service providers cut raw materials like metal, plastic, and composite materials into buyer-specified shapes and sizes. Suppliers are typically small local companies. The primary buyers of these services are aircraft manufacturers, tank and armored vehicle manufacturers, general-purpose machinery manufacturers, and engine and turbine manufacturers.
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What’s included in this market coverage
IBISWorld's research coverage on the Machine Shop Services procurement and pricing environment in the United States includes market dynamics, buyer power scores, supply chain vendors with pricing trends and forecasts.
About this Market
What’s this procurement report about?
This procurement coverage of the Machine Shop Services market in the United States includes Sheet Metal Bending & Punching, Laser Cutting, Waterjet Cutting, Metal Stamping and Plasma Cutting Services. Standard coding in this coverage includes ISIC-2592-Treatment and coating of metals; machining, NACE-25.62-Machining, NAICS-332710-Machine shops and UNSPSC-73181000-Machining services.
What common market terminology is included?
Common market terminology included in the Machine Shop Services procurement coverage includes Boring (The process where a pre-drilled hole is enlarged with a tool.), Computer Numerical Control (CNC) Machine (An automated milling machine used to manufacture components following a computerized design program.), Electrochemical Machining (A process by which metals are shaped using chemical reactions rather than physical manipulation.), Milling (The process where a rotating cutting tool is used to carve or shape a stationary object.) and Turning (A process that uses an edged cutting tool to remove material from a rotating object. This process creates or improves the object's cylindrical shape.).
What companies are included as top suppliers?
The top companies covered in the Machine Shop Services procurement report as suppliers are Mcalpin Industries Inc., Major Tool & Machine Inc., Global Precision Products, Llc, Cnc Industries Inc. and Advanced Machining Llc.
Opportunity Assessment
What’s included in the Opportunity Assessment chapter?
The Opportunity Assessment chapter provides a comprehensive market analysis of the Machine Shop Services market in the United States category, including buyer power scoring, market pricing trends, vendor landscape, cost structure, and strategic negotiation levers.
The market pricing trends include the Market Price (2026) per metal sheet, a five year price forecast and a supply chain risk score. Vendor coverage includes a market share and cost structure breakdown.
Analysis includes a comprehensive SWOT analysis of and recent developments impacting the Machine Shop Services market environment.
Buyer Power Score
What’s included in the Buyer Power Score chapter?
The Buyer Power Score chapter assesses key components impacting Machine Shop Services procurement including the recent price trend, forecast price trend, availability of substitutes, switching costs, product specialization, average vendor risk, market share concentration, supply chain risk, price driver volatility and recent price volatility.
These components generate a Buyer Power Score that ranges from -5 (strongly favoring sellers) to +5 (strongly favoring buyers) plus a recommended strategy for procurement specialists.
Price Environment
What’s included in the Price Environment chapter?
The Price Environment chapter covers detailed pricing analysis and datasets on Machine Shop Services market environment. This includes insights into market pricing Market Price (2026), price forecasts, volatility, specialization, substitutes and switching costs.
Datasets in the Price Environment chapter include vendor cost structure, breakdowns of wage rates by geography and specialty, key external economic and labor drivers impacting the market and market pricing models.
Supply Chain & Vendors
What’s included in the Supply Chain & Vendors chapter?
The Supply Chain & Vendors chapter covers the concentration, risk and diversity of the Machine Shop Services market. This includes datasets on the market’s top suppliers, detailed analysis on the key sourcing risks and supply chain dynamics, with environmental, social and governance (ESG) considerations and scores.
Business Requirements
What’s included in the Business Requirements chapter?
The Business Requirements chapter covers vendor relationships, qualifications, service level agreements and key performance indicators. These inputs provide insight into the planning process through the buying lead time, vendor relationship and vendor qualifications. The sourcing process include key RFP elements like an organizational overview, project budget, selection criteria, project schedule, proposal format, inventory control, cost containment, regulation, quality control, distribution and key contract clauses.
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Frequently Asked Questions
What is the current market price for Machine Shop Services?
The 2026 benchmark market price for Machine Shop Services is $177 per metal sheet. Prices have declined at a CAGR of -2.45 from 2023-26.
Who are the top vendors in the Machine Shop Services market?
The top vendors in the Machine Shop Services market include Mcalpin Industries Inc., Major Tool & Machine Inc., Global Precision Products, Llc, Cnc Industries Inc. and Advanced Machining Llc.
What industries supply the Machine Shop Services market?
The top industries supplying the Machine Shop Services market are Metal Pipe & Tube Manufacturing in the US, Nonferrous Metal Foundry Products Manufacturing in the US, Metalworking Machinery Manufacturing in the US, Electrical Equipment Manufacturing in the US, Plastic Pipe & Parts Manufacturing in the US, Plastic & Resin Manufacturing in the US, Steel Rolling & Drawing in the US and Iron & Steel Manufacturing in the US.
What is the supply chain risk for Machine Shop Services?
High supply chain risk from volatile raw material and machinery costs. Machine shop vendors rely heavily on steel, plastics, and metalworking machinery, all of which are subject to significant year-to-year price swings due to their commoditized nature. This volatility elevates supply chain risk and increases procurement cost uncertainty for buyers. Procurement teams should track commodity market trends closely and build escalation clauses or supplier hedging strategies into contracts to mitigate exposure.
What factors affect the price of Machine Shop Services?
Level of precision directly impacts pricing in machine shop services, as tighter tolerances require advanced CNC equipment, highly skilled machinists, and stringent quality control measures. For example, medical device manufacturers often demand tolerances within +/- 0.0005 inches, increasing costs compared to general industrial parts with +/- 0.01-inch tolerances due to the specialized expertise and inspection processes involved.
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