Machine Shop Services in Texas
The Machine Shop Services industry in Texas fabricates raw materials to be used by customers in their respective industries. Over the five years to 2017, industry revenue is expected to decline slowly. Compared with the national industry, which is expected to increase over the period, the Texas industry has a higher exposure to the energy sector. The pressure exerted by low commodity prices, especially oil and natural gas, has limited demand from key markets in the state. Manufacturing slowed over the period, which limited demand from other customer markets. In 2017 alone, improvements in oil and gas prices are expected to boost revenue growth, which will continue over the five years to 2022.
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.
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