Metalworking Machinery Manufacturing in the US
Over the past five years, the Metalworking Machinery Manufacturing industry, which produces power-operated tools and machine accessories used for finishing or shaping metal parts, has experienced solid revenue growth. Over the five years to 2017, private investment in metalworking machinery has steadily improved. As manufacturing industries expanded production capacity due to increasing use of their products, demand was steady for industry operators. Significantly, demand from the rebounding automobile and construction sectors helped drive revenue growth. These trends are forecast to continue over the next five years, and consequently industry revenue is expected to rise. However, competition from imports, particularly from emerging Asian markets, is expected to continue increasing through 2022, moderating the industry's growth prospects over the next five years.
Companies in this industry primarily manufacture power-operated tools that are used for finishing or shaping metal parts, which are then used to manufacture other machines. Industry products include wire drawing and fabricating machines, metal cutting tools, special dies and coil handling equipment. This industry excludes companies that primarily manufacture power tools and other general-purpose machinery accessories (see IBISWorld report 33399).
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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