The Machine Shop Services industry heavily depends on demand from the manufacturing sector, and the industry's fortunes rose and fell in line with downstream clients during and after the recession. Increased defense spending during the past five years as well as significantly higher demand from manufacturing industries has contributed to astronomical growth for this industry.
The Machine Shop Services industry cuts raw materials into specified shapes and sizes using a variety of tools (e.g. 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.