Machinery Manufacturing - 2022 U.S. Industry Market Research Report with COVID-19 Updates & Forecasts
The 2022 Machinery Manufacturing Market Research Report is one of the most comprehensive and in-depth assessments of the industry in the United States with over 100 data sets covering 2013-2026. This report includes updated data and forecasts due to the economic impact of COVID-19.
This Kentley Insights report includes historical and forecasted industry size, growth, product line breakdown, profitability, financial ratios, plant utilization, BCG matrix, statistics by state, operating expense details, cost of materials and inventory, organizational breakdown, consolidation analysis, employee productivity, inflation, pay bands for the top 20 industry jobs, trend analysis and forecasts on companies, facilities, employees, payroll, 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.
This 37-page report is based on extensive business surveys filled out by companies in the industry. Analysts create the forecasts utilizing historical data, macroeconomic trends, industry dynamics, and econometrics. Professionals utilize this report for market sizing, benchmarking, strategic planning, due diligence, valuations, cost-cutting, planning, understanding industry dynamics, evaluating opportunities, forecasting, streamlining, gap analysis, and other analyses.
Review the table of contents to see the data-rich insights, which leaders have come to depend on for their research, strategic, and benchmarking needs.
Below are a few of the hundreds of stats from the 2022 Machinery Manufacturing Market Research Report:
In 2021, industry sales were $401 billion
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Over the past 3 years, the industry has grown at an annual rate of 0.4%
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There are 20,798 companies in the industry
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SALES PER FACILITY
In 2021, the average sales per facility was $16.9 million
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PPI & PRICING
2021 PPI growth was 4.4%
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FINANCIAL RATIO BENCHMARKS
Companies average a Fixed Asset Turnover ratio of 2.9
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In 2021, employee productivity was $383,014
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2.7% of expenses are spent on health insurance
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In 2021, industry operating expenses grew 9.6%
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In 2021, payroll per employee was $66,086
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PAYROLL BY STATE
California averages $69,475 in payroll per employee
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JOB CATEGORIZATION BENCHMARKS
7.3% 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 $23.66
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The above highlights represent a small fraction of what you will find in this report.
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