Metalworking Machinery Manufacturing in the US
Over the five years to 2018, the Metalworking Machinery Manufacturing industry has posted steady growth, driven by strengthening demand in downstream markets. Over the past five years, 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. IBISWorld anticipates that moderate growth will continue over the five years to 2023. Robust demand from Asian markets and recovering commodity prices will support investment across the mining and energy sectors, sustaining demand for metalworking products used to manufacture related equipment. In the latter half of the next five years, industry revenue is expected to level off, as competition increases from emerging markets in Asia and the continued relocation of US production to overseas factories reduces the industry's potential revenue base.
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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