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2024 U.S. Industry Statistics & Market Forecast - Machine Tool Manufacturing


Market Size & Industry Statistics

The total U.S. industry market size for Machine Tool Manufacturing: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders. In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.

Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.

Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.

Statistics        2019        2020        2021        2022        2023
Market Size
(Total Sales/Revenue)


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Total Firms
Total Employees
Average Revenue Per Firm
Average Employees Per Firm
Average Revenue Per Employee
Statistics Source: U.S. Census, AnythingResearch Analysis of Federal Data



Market Forecast

Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.





Forecast / Industry Outlook 2024 2025 2026 2027 2028
Market Forecast ($ millions)
Projected Industry Growth Rate (%)
Source: AnythingResearch Economic Analysis

Industry Insights

The Machine Tool (Metal Cutting Types) Manufacturing industry is facing a number of key trends that will shape its operations in the coming years. One of the most significant of these is the increasing use of automation and digitization. Machine tool manufacturers are investing in advanced technologies to enhance precision, reduce downtime, and increase efficiency.

Another trend impacting the industry is the growing demand for customization. Customers are demanding tools that are tailored to their specific needs, requiring manufacturers to provide more configurability and flexibility. In addition, the use of advanced materials such as composites and non-ferrous metals is becoming more common, which presents unique production challenges.

As environmental concerns continue to grow, companies are also focusing on sustainability in their manufacturing processes. This includes reducing energy consumption, waste, and emissions. Other important trends include the adoption of predictive maintenance technologies, the use of augmented and virtual reality for training and product visualization, and the incorporation of artificial intelligence and machine learning.

Finally, the global market is experiencing significant shifts with the emergence of new competitors, particularly from Asia. This is driving the need for manufacturers to be more agile and responsive to changing market demands. Overall, the machine tool industry is undergoing significant transformation as it adapts to new technologies and changing market conditions.



U.S. Geographic Distribution: Revenue Statistics by State

Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.

U.S. map by state

Income Statement (Average Financial Metrics)

Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.

Industry AveragePercent of Sales
(Industry Benchmark)
Total Revenue

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Operating Revenue
Cost of Goods Sold
Gross Profit

Operating Expenses
Pension, profit sharing plans, stock, annuity
Repairs
Rent paid on business property
Charitable Contributions
Depletion
Domestic production activities deduction
Advertising
Compensation of officers
Salaries and wages
Employee benefit programs
Taxes and Licenses
Bad Debts
Depreciation
Amortization
Other Operating Expenses
Total Operating Expenses
Operating Income
Non-Operating Income
EBIT (Earnings Before Interest and Taxes)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit
Net Income
 
Source: AnythingResearch Analysis of U.S. federal statistics




Financial Ratio Analysis

Financial ratio information can be used to benchmark how a Machine Tool Manufacturing company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.

Profitability & Valuation RatiosIndustry Average
Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Machine Tool Manufacturing industry is performing.
Profit Margin
Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues.
Return on Equity (ROE)
Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings).
Return on Assets (ROA)
Return on Assets (ROA) is net income relative to total assets. The market research on Machine Tool Manufacturing measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.


Liquidity RatiosIndustry Average
Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability.
Current Ratio
Measures a firm's ability to pay its debts over the next 12 months.
Quick Ratio (Acid Test)
Calculates liquid assets relative to liabilities, excluding inventories.


Efficiency Ratios - Key Performance IndicatorsIndustry Average
Measure how quickly products and services sell, and effectively collections policies are implemented.
Receivables Turnover Ratio
If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections.
Average Collection Period
Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
Inventory Turnover
A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
Fixed-Asset Turnover
Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue.



Compensation & Salary Surveys for Employees

Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.

TitlePercent of WorkforceBottom Quartile Average (Median) SalaryUpper Quartile
Management Occupations 7%

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Chief Executives0%
General and Operations Managers3%
Architecture and Engineering Occupations 7%
Engineers 6%
Office and Administrative Support Occupations 9%
Production Occupations 61%
Assemblers and Fabricators 5%
Metal Workers and Plastic Workers 36%
Machine Tool Cutting Setters, Operators, and Tenders, Metal and Plastic 6%
Machinists 14%
Machinists 14%
Tool and Die Makers 7%
Tool and Die Makers 7%
Other Production Occupations 15%
Computer Numerically Controlled Tool Operators and Programmers 10%
Computer Numerically Controlled Tool Operators 8%
Source: Bureau of Labor Statistics


Machine Tool Manufacturing Competitor Landscape & Key Companies [PREMIUM]

The most influential companies in the Machine Tool Manufacturing industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Machine Tool Manufacturing industry and adjacent sectors:

Market Leaders:
Direct Competitors

Companies with the largest market share, focused in this industry
Market leaders:
Diversified Competitors

Largest companies that have diversified operations in this and other industries
Innovators:
Direct Competitors

Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry.
Innovators:
Diversified Competitors

Innovators and Disruptors in adjacent industries that may also affect the Machine Tool Manufacturing industry.
Source:
IncFact




Innovation News



Recent Federal Contracts for Machine Tool Manufacturing

  • Feb 27, 2024: SCHULER INC (Canton, MI) awarded $46,240
  • Feb 22, 2024: GRAEBENER PRESS SYSTEMS, INC. (Warwick, RI) awarded $3,291
  • Feb 22, 2024: SPALECK USA, LLC (Perryopolis, PA) awarded $4,149
  • Feb 20, 2024: ACSYS LASERTECHNIK US INC (Lenexa, KS) awarded $1,188
  • Feb 20, 2024: KOELLMANN GEAR CORP (Waldwick, NJ) awarded $15,580
  • Feb 20, 2024: MID ATLANTIC MACHINERY INC (Harrisburg, PA) awarded $132,800