Industry Data & Market Research

2024 U.S. Industry Statistics & Market Forecast - Other Measuring and Controlling Device Manufacturing

Market Size & Industry Statistics

The total U.S. industry market size for Other Measuring and Controlling Device 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 Watch, Clock & Controlling Device Manufacturing industry has seen significant changes in recent years, driven by technological advancements, consumer preferences and the growing demand for smart devices and wearable technology.

One key trend is the rise of smart watches and other wearable devices, which has transformed the industry. These devices offer consumers a range of features, from fitness tracking to mobile payment systems, making them highly desirable for consumers seeking convenience and efficiency.

Another trend is the industry's increasing focus on sustainability and ethical practices, driven by growing consumer awareness about the impact of manufacturing on the environment and communities. Companies are adopting sustainable practices and materials, as well as optimizing energy use, to reduce their environmental footprint.

Additionally, the industry is experiencing significant changes in the supply chain, as more companies are exploring direct-to-consumer sales models. This trend is fueled by the rise of e-commerce platforms and social media marketing, which have made it easier for manufacturers to connect directly with consumers, bypassing traditional retail channels.

Finally, there is growing demand for advanced timekeeping solutions in industry, transportation and other sectors that require precision timing and synchronization for operations. Technologies such as GPS, atomic clocks and satellite-based timing systems are playing a critical role in meeting this demand.

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
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 Other Measuring and Controlling Device 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 Other Measuring and Controlling Device 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 Other Measuring and Controlling Device 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 12%

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Chief Executives0%
General and Operations Managers2%
Business and Financial Operations Occupations 10%
Business Operations Specialists 8%
Computer and Mathematical Occupations 14%
Computer Occupations 14%
Software and Web Developers, Programmers, and Testers 10%
Software Developers 9%
Architecture and Engineering Occupations 19%
Engineers 15%
Office and Administrative Support Occupations 8%
Production Occupations 25%
Assemblers and Fabricators 14%
Electrical, Electronics, and Electromechanical Assemblers 10%
Electrical, Electronic, and Electromechanical Assemblers, Except Coil Winders, Tapers, and Finishers 10%
Source: Bureau of Labor Statistics

Other Measuring and Controlling Device Manufacturing Competitor Landscape & Key Companies [PREMIUM]

The most influential companies in the Other Measuring and Controlling Device 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 Other Measuring and Controlling Device 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 Other Measuring and Controlling Device Manufacturing industry.

Recent Federal Contracts for Other Measuring and Controlling Device Manufacturing

  • Apr 02, 2024: MTI PARTNERS, LLC (Albany, OR) awarded $14,642
  • Apr 02, 2024: MOUNTAIN HORSE, LLC (Colorado Springs, CO) awarded $20,693
  • Apr 02, 2024: TEK84 INC. (Poway, CA) awarded $620,763
  • Apr 02, 2024: ATLANTIC DIVING SUPPLY, INC. (Virginia Beach, VA) awarded $281,067
  • Apr 02, 2024: MARATHON WATCH COMPANY LTD (Vaughan, ON) awarded $3,315
  • Apr 01, 2024: SMITHS DETECTION, INC. (Edgewood, MD) awarded $55,727