First Research US Industry Profile

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Machine Shops
SIC Codes: 3599
NAICS Codes: 33271
Last Quarterly Update: 3/4/2024
Companies in this industry use machine tools to modify metal, plastic, and composite materials to produce finished products. No major companies dominate the industry.
Worldwide, revenue for machine shops varies with manufacturing output. Because machine shops play a manufacturing support role, often operating as de facto subsidiaries of their customers, their work tends to be local.
The US machine shop industry includes about 18,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $37 billion.
Competitive Landscape
Demand depends on manufacturing activity. The profitability of individual companies is linked to engineering expertise and operating efficiency. Larger shops have the ability to invest in advanced production machinery. Smaller shops can compete effectively by serving specialized customers, or by providing engineering services. The US industry is highly fragmented: the 50 largest companies generate about 10% of revenue.
Products, Operations & Technology
Machine shops are intermediaries generally performing various operations on unfinished parts or raw materials from manufacturers which are then returned. ... plus:
Sales & Marketing
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Finance & Regulation
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Regional & International Issues
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Human Resources
Also includes the following chapters:
Quarterly Industry Update
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Industry Indicators
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Business Challenges
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Trends and Opportunities
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Call Preparation Questions
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Financial Information
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Industry Forecast
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Industry Websites
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Glossary of Acronyms
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