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2025 U.S. Industry Statistics & Market Forecast - Machine Shops
Market Size & Industry Statistics
The total U.S. industry market size for Machine Shops:
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 Machine Shops industry include:- Increased automation and use of CNC machines
- Integration of advanced technologies like AI and IoT
- Growing demand for precision parts in aerospace and defense
- Emergence of additive manufacturing (3D printing)
- Supply chain globalization and dependency
- Shift towards renewable energy sources
- Adoption of sustainable and green manufacturing practices
- Increased outsourcing to low-cost countries
- Shortage of skilled labor and increasing labor costs
- Expansion into new materials like composites and advanced polymers
- Heightened quality standards and certifications in medical devices
- Increasing small-scale, customized production runs
- Adoption of lean manufacturing processes
- Impact of tariffs and trade policies on material costs
- Rising emphasis on aftermarket services and maintenance
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 Machine Shops 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 Machine Shops 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). |
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| Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Machine Shops 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 | 7% | Order at top of page |
||
| Chief Executives | 0% | |||
| General and Operations Managers | 4% | |||
| Office and Administrative Support Occupations | 10% | |||
| Production Occupations | 68% | |||
| Metal Workers and Plastic Workers | 38% | |||
| Machine Tool Cutting Setters, Operators, and Tenders, Metal and Plastic | 6% | |||
| Machinists | 25% | |||
| Machinists | 25% | |||
| Welding, Soldering, and Brazing Workers | 6% | |||
| Welders, Cutters, Solderers, and Brazers | 5% | |||
| Other Production Occupations | 21% | |||
| Computer Numerically Controlled Tool Operators and Programmers | 14% | |||
| Computer Numerically Controlled Tool Operators | 12% | |||
Machine Shops Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Machine Shops 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 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 Shops industry. |
Source:
Latest Industry News
- 39 early Prime Day deals you need to shop this weekend - Can't wait until Prime Day to get shopping? We rounded up 39 of the best early Prime Day deals you can shop right now. Start saving today. (07/06/2025)
- ‘It’s heartbreaking,’ Businesses in Toronto’s Beaches area are losing money to point-of-sales machine scams - Businesses in Toronto’s Beaches neighbourhood are reporting thousands of dollars lost to card machine scams, prompting officials to warn others about the thefts. Pippins Tea Owner Barbara DeAngelis told Now Toronto that she recently lost $4,900 to scammers who targeted her point-of-sale (POS) machine. (07/04/2025)
- Top load washing machines on Amazon Sale with up to 56% off on Samsung, LG, Whirlpool and more – Best time to shop today - Amazon is offering big savings on top load washing machines from Samsung, LG, Whirlpool, and others. Prices are down by up to 56%. A good chance to bring home a trusted brand at less cost. (07/04/2025)
- I Made Soft Serve Frozen Yogurt — No Machine! Better Than the Froyo Shop? - My soft serve frozen yogurt recipe gives you ultra-creamy, tangy froyo—no ice cream machine needed! Blend frozen cubes for perfect soft serve. Get the full written recipe here: - SBA Head Visits Indy Machine Shop to Tout “Big, Beautiful Bill” Administrator of the U.S. Small Business Administration Kelly Loeffler toured Olson Custom Designs in Indianapolis on Tuesday. Written by Jarett Lewis Published on June 25, 2025 Source: Tom Williams / Getty (06/25/2025)
- Check Out These Tiny Prints From Our Collab With MKE’s Littlest Print Shop - Milwaukee’s Littlest Pring Shop vending machine can be found in the Historic Third Ward at MOD GEN (211 N. Broadway). The machine is currently dispensing Vandehey’s exclusive Milwaukee Magazine style mini prints for 50 cents a piece and will remain at MOD GEN throughout the summer. (06/23/2025)
- BMW E30 M20B25 Engine Rebuild Restoration - The Machine Shop | Part 8 - In this episode, I showcase the work done at Rectidama, an excellent engine machine shop nearby. The process begins with the complete dismantling of the head, followed by ultrasonic cleaning in preparation for a pressure test, (06/23/2025)
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