First Research US Industry Profile

View Sample
Metalworking Machinery Manufacturing
SIC Codes: 3541, 3542, 3544, 3545
NAICS Codes: 3335
Last Quarterly Update: 9/30/2019
Companies in this industry manufacture metalworking machinery, including molds, dies, cutting tools, and machining centers. Major companies include Hardinge, Hurco, and Kennametal (all based in the US), along with Amada (Japan), DMG Mori (Japan), Fives (France), Shenyang Machine Tool (China), and TRUMPF (Germany).
Global consumption of machine tools was about $92 billion in 2018, according to Gardner Business Media. Top machine tool producing countries include China, Japan, Germany, Italy, South Korea, and the US. The leading exporters of machine tools are Germany, Japan, Italy, China, and Taiwan.
The US metalworking machinery industry consists of about 6,600 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $30 billion.
Competitive Landscape
Demand is closely linked to US industrial activity. The profitability of individual companies depends on the complexity of their product designs and their manufacturing efficiency. Large companies have the resources to make complex, automated machinery. Small companies can compete successfully by making specialty products, replacement parts, or accessories. The US industry is fragmented: the largest 50 US companies generate about 30% of revenue.
International trade in metalworking machinery is substantial because of the high value of the products, mainly for machining centers and cutting tools. Many US manufacturers have foreign sales operations, and some have foreign manufacturing sources. Imports, largely from Japan, Germany, China, and Canada account for about 40% of the US market. Exports account for about 25% of US production; leading destinations include Mexico, Canada, and China.
Products, Operations & Technology
Dies and molds account for about 45% of US industry revenue, machine tools for 25%, and cutting tools and machine tool accessories about 20%. The industry ... plus:
Sales & Marketing
,
Finance & Regulation
,
Regional & International Issues
,
Human Resources
Also includes the following chapters:
Quarterly Industry Update
,
Industry Indicators
,
Business Challenges
,
Trends and Opportunities
,
Call Preparation Questions
,
Financial Information
,
Industry Forecast
,
Industry Websites
,
Glossary of Acronyms

Historical Profiles (PDF format)

05/13/2019
02/11/2019
11/05/2018
08/06/2018
05/07/2018
02/05/2018
10/30/2017
07/24/2017
04/24/2017
01/16/2017
10/10/2016
07/11/2016
04/11/2016
01/11/2016
09/21/2015
06/22/2015
03/23/2015
12/15/2014
09/29/2014
07/07/2014
04/14/2014
01/27/2014
10/21/2013
07/29/2013
05/06/2013
02/11/2013
11/05/2012
08/13/2012
05/28/2012
03/05/2012
11/14/2011
08/01/2011
05/02/2011
01/31/2011
10/18/2010
07/26/2010
04/19/2010
01/11/2010