2023 U.S. Industry Statistics & Market Forecast - Special Die & Tool, Die Set, Jig & Fixture Manufacturing

Published: October 2023

Industry Insights

The Special Die & Tool, Die Set, Jig & Fixture Manufacturing industry is facing several key trends that are shaping its future outlook. One of the major trends affecting the industry is the adoption of advanced technologies such as CNC machining, automation, and 3D printing. Manufacturers are increasingly investing in these technologies to enhance their productivity and quality while reducing costs and lead times.

Secondly, customer demand is driving the industry towards greater customization and flexibility. Customers are looking for quick turnaround times and custom-made solutions that are specific to their needs. To remain competitive, manufacturers are leveraging their expertise in design and engineering to provide customers with tailored solutions.

Thirdly, sustainability is becoming a critical factor in the industry. Manufacturers are adopting sustainable practices and using environmentally-friendly materials to reduce their carbon footprint. This includes recycling, using renewable energy, and reducing waste in their production processes.

Another key trend affecting the industry is the need for skilled labor. As the industry becomes increasingly automated and technology-driven, there is a growing demand for workers with specialized skills in areas such as robotics, programming, and engineering. Manufacturers are investing in talent development and training programs to bridge the skills gap.

Finally, the industry is also undergoing consolidation, with larger companies acquiring smaller ones to gain market share and expand their capabilities. This trend is likely to continue as companies seek to improve their competitiveness and widen their customer base.

Product & Services Breakdown

Research products and services in the Special Die & Tool, Die Set, Jig & Fixture Manufacturing industry generating sales. Note that products are broken into categories with different levels of classification.

Product Description	Sales ($ millions)	Percent of Total Sales
Industry Total
Special Die And Tool, Die Set, Jig, And Fixture Manufacturing
Special Dies, Tools, Jigs, And Fixtures
Total Miscellaneous Receipts
Resales - Sales Of Products Bought And Sold Without Further Manufacture, Processing, Or Assembly

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)
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

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	3%
Architecture and Engineering Occupations	7%
Engineers	6%
Office and Administrative Support Occupations	9%
Production Occupations	61%
Assemblers and Fabricators	5%
Metal Workers and Plastic Workers	36%
Machine Tool Cutting Setters, Operators, and Tenders, Metal and Plastic	6%
Machinists	14%
Machinists	14%
Tool and Die Makers	7%
Tool and Die Makers	7%
Other Production Occupations	15%
Computer Numerically Controlled Tool Operators and Programmers	10%
Computer Numerically Controlled Tool Operators	8%

Source: Bureau of Labor Statistics

Special Die & Tool, Die Set, Jig & Fixture Manufacturing Competitor Landscape & Key Companies [PREMIUM]

The most influential companies in the Special Die & Tool, Die Set, Jig & Fixture 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 Special Die & Tool, Die Set, Jig & Fixture 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 Special Die & Tool, Die Set, Jig & Fixture Manufacturing industry.

Government Contracts

In 2022, the federal government spent a total of $9,150,307 on Special Die & Tool, Die Set, Jig & Fixture Manufacturing. It has awarded 6754 contracts to 44 companies, with an average value of $207,962 per company.   

Most Recent Contracts	Date	Total Award Amount
FBT INC 413 Lakeshore Rd St Catharines, ON	Jun 30, 2023	$99,805