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2025 U.S. Industry Statistics & Market Forecast - Engine, Turbine, and Power Transmission Equipment Manufacturing
Market Size & Industry Statistics
The total U.S. industry market size for Engine, Turbine, and Power Transmission Equipment 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.
| Statistics | 2020 2021 2022 2023 2024 | |
|---|---|---|
| Market Size (Total Sales/Revenue) |
Order at top of page | |
| Total Firms | ||
| Total Employees | ||
| Average Revenue Per Firm | ||
| Average Employees Per Firm | ||
| Average Revenue Per Employee | ||
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 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| Market Forecast ($ millions) | |||||
| Projected Industry Growth Rate (%) | |||||
Industry Insights
Major trends affect the Engine, Turbine, and Power Transmission Equipment Manufacturing industry include:- Rising demand for fuel-efficient engines
- Shift towards electric and hybrid technologies
- Stringent environmental and emission regulations
- Increase in automation and robotics
- Global supply chain complexities
- Expansion in emerging markets
- Growing importance of aftermarket services
- Adoption of advanced manufacturing technologies
- Challenges in raw material price volatility
- Emphasis on innovation and R&D investments
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.
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 Average | Percent of Sales (Industry Benchmark) |
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|---|---|---|
| Total Revenue | Order at top of page |
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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 | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a Engine, Turbine, and Power Transmission Equipment Manufacturing company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.| Profitability & Valuation Ratios | Industry 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 Engine, Turbine, and Power Transmission Equipment Manufacturing industry is performing. | |
| Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
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| 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). |
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| Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Engine, Turbine, and Power Transmission Equipment Manufacturing measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
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| Liquidity Ratios | Industry 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. |
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| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
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| Efficiency Ratios - Key Performance Indicators | Industry 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. |
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| Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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| Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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| 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. |
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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.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management Occupations | 8% | Order at top of page |
||
| Chief Executives | 0% | |||
| General and Operations Managers | 2% | |||
| Business and Financial Operations Occupations | 6% | |||
| Architecture and Engineering Occupations | 15% | |||
| Engineers | 12% | |||
| Industrial Engineers, Including Health and Safety | 6% | |||
| Industrial Engineers | 6% | |||
| Office and Administrative Support Occupations | 7% | |||
| Installation, Maintenance, and Repair Occupations | 5% | |||
| Production Occupations | 50% | |||
| Assemblers and Fabricators | 17% | |||
| Engine and Other Machine Assemblers | 9% | |||
| Engine and Other Machine Assemblers | 9% | |||
| Miscellaneous Assemblers and Fabricators | 7% | |||
| Metal Workers and Plastic Workers | 19% | |||
| Machinists | 9% | |||
| Machinists | 9% | |||
| Other Production Occupations | 11% | |||
| Computer Numerically Controlled Tool Operators and Programmers | 6% | |||
| Computer Numerically Controlled Tool Operators | 6% | |||
Engine, Turbine, and Power Transmission Equipment Manufacturing Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Engine, Turbine, and Power Transmission Equipment 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 Engine, Turbine, and Power Transmission Equipment 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 Engine, Turbine, and Power Transmission Equipment Manufacturing industry. |
Source:
Latest Industry News
- Future of power plant automation – Single platform - Dow has charted a strategic path to unify process automation across its global operations, demonstrating how a single DCS platform can boost reliability, lower costs and empower engineering talent. (07/08/2025)
- Kratos to build turbojet engine manufacturing facility in Oklahoma - Kratos Defense & Security Solutions, Inc. has announced plans to build a new advanced manufacturing facility in Bristow, Oklahoma. The company, which produces the GEK family of turbojet engines, is investing in a facility expected to create 60 new jobs initially, with potential for more as production expands. (07/08/2025)
- GE Vernova turbines to deliver 244 MW, boost Puerto Rico grid reliability - The turbines will be installed at the Daguao, Jobos and Yabucoa power plants, which are operated by Genera PR under the Puerto Rico Electric Power Authority. The new units are expected to provide about 244 megawatts (MW) of capacity. (07/02/2025)
- Siemens to begin manufacturing large power transformers in US by 2027 - Siemens Energy has announced plans to begin production of industrial-scale large power transformers (LPT) within the US by 2027. (06/30/2025)
- Policy stability is the key to expanding India’s renewable energy ecosystem - A smartly designed policy such as the interstate transmission waiver enhances market efficiency by transferring power from high resource states to others. Consequently, phaseout of policy support must be gradual and account for the prevailing state of the industry. (06/27/2025)
- Williams International invests $1B to build aviation gas turbine engine manufacturing facility in Florida - Williams International has announced plans to build a high-volume aviation gas turbine engine manufacturing facility in Crestview, Florida. The company, which designs, manufactures, and supports aviation gas turbine engines, is investing more than $1 billion in the project, creating over 330 jobs. (06/27/2025)
- Inside the Massey Ferguson 385 Tractor Engine Manufacturing Process - MSN - Witness the precise and powerful manufacturing process of the Massey Ferguson 385 Tractor Engine. This engine is the heart of one of the most reliable and durable tractors on the market, and ... (06/20/2025)
- Kratos Expands U.S. Jet Engine Production Footprint with New Advanced Manufacturing Facility, Test Cells in Bristow, Oklahoma - Yahoo Finance - New 50,000-Square-Foot Facility, Located on 20 acres, is Expected to Expand to 100,000 Square Feet and House up to Five GEK Engine Production Lines PARIS, June 16, 2025 (GLOBE NEWSWIRE) -- Kratos ... (06/16/2025)
- Where Precision Meets Progress: The “Hidden Engine” in Modern Manufacturing - At the heart of what modern manufacturing is today is a key change—one where machines and human skills meet to change how much can be done. Hidden underneath every well-designed product and high-quality package is an important engine for steady production. (05/25/2025)
- Advanced Engine and Component Manufacturing Achievements Highlighted in Recent Webinar - Washington, D.C., May 23, 2025 (GLOBE NEWSWIRE) -- Industry experts from leading companies in engines, equipment ... ongoing improvements in manufacturing and processes, and the use of alternative ... (05/23/2025)
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