The 2019 Machinery Manufacturing Market Research Report is an in-depth evaluation of the industry in the United States.
The report is based on extensive and comprehensive business surveys. This report is utilized for a range of strategic purposes, including benchmarking, due diligence, cost cutting, planning, evaluating opportunities, forecasting, streamlining, and gap analysis. The report includes over 100 insightful data sets, such historical and forecasted industry sales, operating expense details, product line breakdown, financial ratios, benchmarks, wages, profitability, organizational analysis, revenue per employee, state statistics, price inflation, consolidation analysis, firm dynamics, pay ranges for different roles, firm size data, employment, and much more.
Industries in the Machinery Manufacturing subsector create end products that apply mechanical force, for example, the application of gears and levers, to perform work. Some important processes for the manufacture of machinery are forging, stamping, bending, forming, and machining that are used to shape individual pieces of metal. Processes, such as welding and assembling are used to join separate parts together. Although these processes are similar to those used in metal fabricating companies, machinery manufacturing is different because it typically employs multiple metal forming processes in manufacturing the various parts of the machine. Moreover, complex assembly operations are an inherent part of the production process.
Highlights from the 2019 Machinery Manufacturing Market Research Report:
INDUSTRY SIZE & ATTRACTIVENESS
In 2018, industry sales were $389.3 billion
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Over the past 3 years, the industry has grown at an annual rate of 1%
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There are 21,790 companies in the industry
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SALES PER COMPANY
In 2018, the average sales per company was $17.9 million
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INFLATION & PRICING
2019 forecasted inflation is 1.3%
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FINANCIAL RATIO BENCHMARKS
Companies average a Fixed Asset Turnover ratio of 3
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Employee productivity is $360,084
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2.6% of expenses are spent on health insurance
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In 2018, industry operating expenses grew 5%
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In 2018, payroll per employee was $62,291
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PAYROLL BY STATE
California averages $57,089 in payroll per employee
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JOB CATEGORIZATION BENCHMARKS
6.8% of employees in the industry are in management positions
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JOB CATEGORIZATION PAY RANGES
The average industry hourly pay for office and administrative jobs is $20.69
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The above highlights represent a small fraction of what you will find in this report.
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