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2025 U.S. Industry Statistics & Market Forecast - Machine Shops; Turned Product; and Screw, Nut, and Bolt Manufacturing
Market Size & Industry Statistics
The total U.S. industry market size for Machine Shops; Turned Product; and Screw, Nut, and Bolt Manufacturing:
Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.
In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.
Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.
| Statistics | 2020 2021 2022 2023 2024 | |
|---|---|---|
| Market Size (Total Sales/Revenue) |
Order at top of page | |
| Total Firms | ||
| Total Employees | ||
| Average Revenue Per Firm | ||
| Average Employees Per Firm | ||
| Average Revenue Per Employee | ||
Market Forecast
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.
| Forecast / Industry Outlook | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| Market Forecast ($ millions) | |||||
| Projected Industry Growth Rate (%) | |||||
Industry Insights
Major trends affect the Machine Shops; Turned Product; and Screw, Nut, and Bolt Manufacturing industry include:- Increased automation and robotics adoption
- Shift towards high-precision manufacturing
- Growing demand for aerospace and automotive components
- Integration of Industry 4.0 technologies
- Emphasis on sustainable and eco-friendly manufacturing processes
- Expansion of additive manufacturing (3D printing)
- Rising material costs and supply chain disruptions
- Increased competition from low-cost producers abroad
- Enhanced focus on customization and small-batch production
- Regulatory pressures and standards compliance
- Adoption of advanced materials like composites and superalloys
- Expansion into new markets, particularly Asia and Middle East
- Consolidation and merger activities within the industry
- Growing labor skill gaps and workforce aging
- Increasing use of data analytics and IoT for predictive maintenance and operation optimization
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 | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a Machine Shops; Turned Product; and Screw, Nut, and Bolt Manufacturing company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.| Profitability & Valuation Ratios | Industry Average |
|---|---|
| Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Machine Shops; Turned Product; and Screw, Nut, and Bolt Manufacturing industry is performing. | |
| Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
|
| Return on Equity (ROE) Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings). |
|
| Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Machine Shops; Turned Product; and Screw, Nut, and Bolt Manufacturing measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
|
| Liquidity Ratios | Industry Average |
|---|---|
| Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability. | |
| Current Ratio Measures a firm's ability to pay its debts over the next 12 months. |
|
| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
|
| Efficiency Ratios - Key Performance Indicators | Industry Average |
|---|---|
| Measure how quickly products and services sell, and effectively collections policies are implemented. | |
| Receivables Turnover Ratio If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections. |
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| Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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| Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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| Fixed-Asset Turnover Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue. |
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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 | 4% | |||
| Office and Administrative Support Occupations | 10% | |||
| Production Occupations | 67% | |||
| Metal Workers and Plastic Workers | 38% | |||
| Machine Tool Cutting Setters, Operators, and Tenders, Metal and Plastic | 7% | |||
| Lathe and Turning Machine Tool Setters, Operators, and Tenders, Metal and Plastic | 5% | |||
| Machinists | 23% | |||
| Machinists | 23% | |||
| Welding, Soldering, and Brazing Workers | 6% | |||
| Welders, Cutters, Solderers, and Brazers | 5% | |||
| Other Production Occupations | 20% | |||
| Inspectors, Testers, Sorters, Samplers, and Weighers | 6% | |||
| Inspectors, Testers, Sorters, Samplers, and Weighers | 6% | |||
| Computer Numerically Controlled Tool Operators and Programmers | 13% | |||
| Computer Numerically Controlled Tool Operators | 11% | |||
Machine Shops; Turned Product; and Screw, Nut, and Bolt Manufacturing Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Machine Shops; Turned Product; and Screw, Nut, and Bolt 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 Machine Shops; Turned Product; and Screw, Nut, and Bolt 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 Machine Shops; Turned Product; and Screw, Nut, and Bolt Manufacturing industry. |
Source:
Latest Industry News
- Forming USA to establish sales and manufacturing facility in Michigan - Forming AG, a Switzerland-based manufacturer of cold-rolled steel profiles, is establishing a sales and manufacturing facility in Schoolcraft, Mich. The $15 million facility is expected to create 50 jobs in the region. (01/02/2025)
- Tree nuts prompt Cappuccino Meltaway Bars' recall — holiday candy sold nationwide - The Tyrone, Pennsylvania-based candy maker initiated its recall after discovering the "tree nut-containing product was distributed in packaging that did not reveal the presence of tree nuts," it ... (12/30/2024)
- Ball Nut Modification Charts A Middle Course Between Building And Buying - A lot of the projects we feature here on Hackaday engender the classic “build versus buy” argument. We’ve always been puzzled by that; if anyone can appreciate the sheer joy of (12/30/2024)
- Top ten new products in shops this year include cigarettes and energy drinks - Convenience store owners have unveiled the top ten new products that have boosted their sales this year, including energy drinks, alcohol, cigarettes, chocolate and crisps. Independent retailers ... (12/30/2024)
- A secretary turned $180 into $7.2 million by holding her employer's stock for 75 years - A secretary paid $180 in 1935 for three shares of her employer's stock. By the time she died in 2010, her investment had mushroomed to $7.2 million. Abbott, a pharmaceutical company, gave a shout ... (12/22/2024)
- NAFDAC Raids 150 Shops, Shuts Down Market Over Fake, Expired Products In Abia (Pictures) - No fewer than 150 shops producing fake and expired products have been shut down by National Agency for Food and Drug Administration and Control, in Abia State. It was gathered that the agency ... (12/18/2024)
- Nurse-Turned-Crafter Turns This Product Into $121,400 Etsy Empire – You Might've Heard Of It - Desperate for a creative outlet, Walsh turned to her laptop and typed ... Two years later, according to CNBC Make It, Walsh's Etsy shop, MegansMenagerie, has become a financial powerhouse ... (12/17/2024)
- Joe Jonas and Usain Bolt Turned Out for Hublot’s Latest Big Bang in Miami - “What we’re trying to do here is make sure there's a strong emotional aesthetic language, but ensure that it's rooted in the history of Hublot’s manufacturing ... Usain Bolt led the athlete ... (12/13/2024)
- Intel co-CEOs discuss splitting product and manufacturing businesses - Intel's new co-CEOs said the company is creating more separation between its manufacturing and products businesses and the possibility of a formal split is still in play. When asked if separating ... (12/12/2024)
- First-half 2025 dry van truckload outlook: Improving conditions ahead - Interest rate cuts are likely to increase demand in three areas that will ultimately benefit dry van truckload carriers. The first is lower interest rates make it more affordable for home builders to construct both single-family houses and multi-family housing complexes, (12/11/2024)
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