Metalworking Machinery Manufacturing Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 4/24/2017
SIC Codes: 3541, 3542, 3544, 3545
NAICS Codes: 3335
Chapters Include:
Industry Overview Trends & Challenges Industry Forecast
Quarterly Industry Update Call Prep Questions Website & Media Links
Business Challenges Financial Information Glossary & Acronyms
View Full Sample Add To Cart

Excerpt from Metalworking Machinery Manufacturing Industry Profile

Companies in this industry manufacture metalworking machinery, including molds, dies, cutting tools, and machining centers. Major companies include Hardinge, Hurco, Kennametal, and MAG Giddings & Lewis (all based in the US), along with Amada (Japan), DMG Mori Seiki (Japan), Shenyang Machine Tool (China), and TRUMPF (Germany).

Global consumption of machine tools was about $79 billion in 2015, according to Gardner Research. 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 6,500 companies with combined annual revenue of about $31 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 20% of US production; leading destinations include ...

 
View Full Sample Add To Cart Return to the Industry Profile Menu

Would you or your company benefit from having unlimited access to First Research's industry intelligence tools?

Learn More About Subscription Options