Metalworking Machinery Manufacturing

Brief Excerpt from Industry Overview Chapter:

Companies in this industry manufacture metalworking machinery, including molds, dies, cutting tools, and machining centers. Major companies include Hardinge, Hurco, and Kennametal (all based in the US), along with Amada and DMG Mori (both located in Japan), Fives (France), Shenyang Machine Tool (China), and TRUMPF (Germany).

COMPETITIVE LANDSCAPE

Demand is closely linked to US industrial activity. The profitability of individual companies depends on the complexity of their product designs and their manufacturing efficiency. Large companies have the resources to make complex, automated machinery. Small companies can compete successfully by making specialty products, replacement parts, or accessories. The US industry is fragmented: the 50 largest firms generate 30% of revenue.

PRODUCTS, OPERATIONS & TECHNOLOGY

Major products include cutting tools, account for 10% of industry revenue, jigs and fixtures (about 10%), and punches, die parts, and other special tooling (about 10%). The industry itself relies on metalworking machinery to make products. The primary manufacturing facilities are specialized foundry and machine shops.