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          1. Metalworking Machinery Manufacturing Industry Profile

            Report Page Length: 10-12
            Last Quarterly Update: 7/6/2020
            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
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            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, 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 ...

             
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