Industry Data & Market Research

2021 U.S. Industry Statistics & Market Research - Machine Shops; Turned Product; & Screw, Nut & Bolt Manufacturing

Market Size & Industry Statistics

The total U.S. industry market size for Machine Shops; Turned Product; & Screw, Nut & Bolt 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.

Machine Shops; Turned Product; & Screw, Nut & Bolt Manufacturing market size 2021
Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.

Statistics 2014        2015        2016        2017        2018        2019        2020
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 / six-year demand forecast projects both short-term and long-term trends.

Forecast / Industry Outlook 2021 2022 2023 2024 2025
Market Forecast ($ millions)
Projected Industry Growth Rate (%)
Source: AnythingResearch Economic Analysis

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

Machine Shops; Turned Product; & Screw, Nut & Bolt Manufacturing Industry Price Trends

Rise and fall in market prices are affectedd by supply, demand, and the cost of goods/services sold. Higher demand or COGS will put upward price pressure on prices. Higher competition among Machine Shops; Turned Product; & Screw, Nut & Bolt Manufacturing companies will put a downward pressure on prices. The chart shows how prices are changing within the industry, month-to-month over the last three years.

example price index trendline

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
Rent paid on business property
Charitable Contributions
Domestic production activities deduction
Compensation of officers
Salaries and wages
Employee benefit programs
Taxes and Licenses
Bad Debts
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 Shops; Turned Product; & Screw, Nut & Bolt 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 Shops; Turned Product; & Screw, Nut & Bolt 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 Shops; Turned Product; & Screw, Nut & Bolt 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 5%

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Chief Executives0%
General and Operations Managers3%
Office and Administrative Support Occupations 11%
Production Occupations 70%
Metal Workers and Plastic Workers 55%
Computer Control Programmers and Operators 10%
Computer-Controlled Machine Tool Operators, Metal and Plastic 8%
Machine Tool Cutting Setters, Operators, and Tenders, Metal and Plastic 8%
Lathe and Turning Machine Tool Setters, Operators, and Tenders, Metal and Plastic 6%
Machinists 28%
Machinists 28%
Welding, Soldering, and Brazing Workers 6%
Welders, Cutters, Solderers, and Brazers 5%
Other Production Occupations 8%
Inspectors, Testers, Sorters, Samplers, and Weighers 6%
Inspectors, Testers, Sorters, Samplers, and Weighers 6%
Source: Bureau of Labor Statistics

Machine Shops; Turned Product; & Screw, Nut & Bolt Manufacturing Competitor Landscape & Key Companies [PREMIUM]

The most influential companies in the Machine Shops; Turned Product; & Screw, Nut & Bolt 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 Shops; Turned Product; & Screw, Nut & Bolt 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
Direct Competitors

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

Innovators and Disruptors in adjacent industries that may also affect the Machine Shops; Turned Product; & Screw, Nut & Bolt Manufacturing industry.

Executive Briefings

  Each of our businesses faces competition from both domestic and international companies. The December 2015 extension of the production tax credit attracted additional investment and competition for wind towers. In recent years, the industrial gearing industry has experienced consolidation of producers and acquisitions by strategic buyers in response to strong international competition, although recent tariff and trade uncertainties have caused buyers to shift more of their purchases to domestic gear manufacturers.   Within the wind tower product line of our Heavy Fabrications segment, the largest North American based competitor is Arcosa Inc., which was formerly a Trinity Industries company. Other competitors include Vestas Wind Systems, which has periodically produced towers for third party customers in addition to meeting the majority of its own captive tower requirements, Marmen Industries, a Canadian company, and GRI Renewable Industries, a Spanish company, which both have production facilities in the U.S. We also face competition from imported towers, although in recent years a number of trade cases have periodically significantly reduced competition from imports.     Imports from China and Vietnam have declined following a determination by the U.S.     7     Within our industrial fabrications product line of our Heavy Fabrications segment, our competitors in a fragmented market include Weldall Manufacturing and AT Broadwind Energy

Government Contracts

In 2020, the federal government spent a total of $99,996,483 on Machine Shops; Turned Product; & Screw, Nut & Bolt Manufacturing. It has awarded 5749 contracts to 918 companies, with an average value of $108,929 per company.   

Most Recent Contracts Date Total Award Amount
2507 W Adams Ave
Temple, TX
Apr 07, 2021$35,158
1034 S 8th St
Kansas City, KS
Apr 01, 2021$1,350
3300 Massillon Rd
Akron, OH
Mar 30, 2021$32,310
1800 F St Nw
Washington, DC
Mar 29, 2021$16,343
39 Wilbur St
Lowell, MA
Mar 26, 2021$9,995
4800 Roberts Rd
Columbus, OH
Mar 24, 2021$11,000

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