	Standard Report	Premium Report
Current State of the Industry
Market Size (industry trends)
Market Forecast (5-year projection)
Products/Services Breakdown
Revenue per State
Financial Metrics
Salary & Compensation Statistics
Public Company Information
Key Private Companies
Government Vendors
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2024 U.S. Industry Statistics & Market Forecast - Machinery Manufacturing

Published: April 2024

Market Size & Industry Statistics

The total U.S. industry market size for Machinery 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)		Order at top of page
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 machinery manufacturing industry has been influenced by various trends in recent years. One of the significant trends is Industry 4.0 or the fourth industrial revolution. It refers to the integration of IoT and automated technology in the manufacturing process to increase efficiency, productivity, and quality. Advanced analytics and real-time monitoring are also used to optimize the performance of machinery.

The industry is also experiencing a shift towards sustainable and eco-friendly manufacturing practices. Companies are implementing energy-efficient measures and utilizing renewable energy sources to reduce their carbon footprint. The focus on sustainability is driven by consumer demand, global regulations, and corporate social responsibility.

Another trend influencing the machinery manufacturing industry is the rise of additive manufacturing or 3D printing. The technology allows the production of complex designs and parts with fewer resources, faster speed, and lower costs. This has led to a significant shift in the traditional manufacturing approach, and many companies are adopting 3D printing in various stages of their production process.

The industry is also witnessing an increase in robotics and automation, especially in repetitive and tedious tasks. Collaboration between humans and robots are being optimized through cobots, which provide safe and efficient production.

Finally, global connectivity and the digitalization of manufacturing have led to the growth of the industrial internet of things (IIoT) and predictive maintenance. IIoT allows machinery to communicate and optimize production, while predictive maintenance detects and anticipates machine faults to reduce downtime and maintenance costs. These trends are poised to have a considerable impact on the machinery manufacturing industry, and companies need to adapt to remain competitive and relevant.

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 Average	Percent of Sales (Industry Benchmark)
Total Revenue	Order at top of page
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 Machinery 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 Machinery 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 Machinery Manufacturing measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.

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.
Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories.

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.
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.

Title	Percent of Workforce	Bottom Quartile
Management Occupations	7%	Order at top of page
Chief Executives	0%
General and Operations Managers	2%
Business and Financial Operations Occupations	6%
Business Operations Specialists	6%
Computer and Mathematical Occupations	7%
Computer Occupations	7%
Architecture and Engineering Occupations	11%
Engineers	8%
Industrial Engineers, Including Health and Safety	6%
Industrial Engineers	6%
Office and Administrative Support Occupations	9%
Installation, Maintenance, and Repair Occupations	5%
Production Occupations	50%
Assemblers and Fabricators	16%
Engine and Other Machine Assemblers	9%
Engine and Other Machine Assemblers	9%
Miscellaneous Assemblers and Fabricators	12%
Metal Workers and Plastic Workers	20%
Machine Tool Cutting Setters, Operators, and Tenders, Metal and Plastic	6%
Machinists	6%
Machinists	6%
Tool and Die Makers	7%
Tool and Die Makers	7%
Welding, Soldering, and Brazing Workers	7%
Welders, Cutters, Solderers, and Brazers	6%
Other Production Occupations	10%
Computer Numerically Controlled Tool Operators and Programmers	10%
Computer Numerically Controlled Tool Operators	8%
Transportation and Material Moving Occupations	5%

Source: Bureau of Labor Statistics

Machinery Manufacturing Competitor Landscape & Key Companies [PREMIUM]

The most influential companies in the Machinery 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 Machinery 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 Machinery Manufacturing industry.