Machine Shop Services in Florida
The Machine Shop Services industry in Florida fabricates raw materials to be used by customers in their respective industries. Over the five years to 2017, industry revenue is expected to decline. The industry in Florida is expected to have a higher reliance on the medical sector than the national industry. As medical manufacturing activity slowed over the period, this acted as a drag on industry performance. Additionally, low prices in steel and oil markets had a negative effect on revenue. Medical and dental markets are expected to account for the majority of revenue for industry operators. The level of precision machining necessary for these applications tends to increase revenue per project, and the southeast region accounts for the second highest amount of medical instrument manufacturers. Over the five years to 2022, the industry is forecast to exhibit growth. Revenue is expected to grow as several of the key limiting factors of the previous five years are expected to improve.
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.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook