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2024 U.S. Industry Statistics & Market Forecast - Metalworking Machinery Manufacturing
Market Size & Industry Statistics
The total U.S. industry market size for Metalworking Machinery 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 | 2019 2020 2021 2022 2023 | |
|---|---|---|
| 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 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| Market Forecast ($ millions) | |||||
| Projected Industry Growth Rate (%) | |||||
Industry Insights
Major trends affect the Metalworking Machinery Manufacturing industry include:- Increasing automation and robotics adoption
- Integration of IoT for predictive maintenance and monitoring
- Shift towards sustainable and energy-efficient machinery
- Rise in demand for high-precision components
- Incorporation of additive manufacturing techniques
- Growing reliance on advanced materials like composites
- Expansion of global supply chains
- Higher regulatory standards for safety and environmental impact
- Fluctuations in raw material costs
- Escalating competition from low-cost manufacturers, especially in Asia
- Adoption of digital twins and advanced simulation tools
- Increased customization and small-batch production demands
- Impact of economic fluctuations on capital investment cycles
- Focus on aftermarket services and equipment retrofits
- Growing importance of software in machine operations and data analytics
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 Metalworking Machinery 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 Metalworking Machinery 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 Metalworking Machinery Manufacturing measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
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| 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. |
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| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
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| 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 | 3% | |||
| Architecture and Engineering Occupations | 7% | |||
| Engineers | 6% | |||
| Office and Administrative Support Occupations | 9% | |||
| Production Occupations | 61% | |||
| Assemblers and Fabricators | 5% | |||
| Metal Workers and Plastic Workers | 36% | |||
| Machine Tool Cutting Setters, Operators, and Tenders, Metal and Plastic | 6% | |||
| Machinists | 14% | |||
| Machinists | 14% | |||
| Tool and Die Makers | 7% | |||
| Tool and Die Makers | 7% | |||
| Other Production Occupations | 15% | |||
| Computer Numerically Controlled Tool Operators and Programmers | 10% | |||
| Computer Numerically Controlled Tool Operators | 8% | |||
Metalworking Machinery Manufacturing Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Metalworking Machinery 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 Metalworking Machinery 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 Metalworking Machinery Manufacturing industry. |
Source:
Innovation News
- May 23, 2024: Seurat Technologies patents Oligomer Stabilized Liquid Crystal Light Valve
- May 23, 2024: Composite Energy Technologies patents Monocoque Passenger Cabin For Amusement Rides
- May 09, 2024: Seurat Technologies patents Monolithic Semiconductor-based Optically Addressable Light Valve
- Apr 18, 2024: Natural Fiber Welding raises $30 million in funding.
- Mar 19, 2024: Natural Fiber Welding raises $30 million in funding.
- Jan 31, 2024: Nidec Minster trademarks "P2" - Power presses for metal forging, pressing, punching, stamping and sheet metal working
- Jan 10, 2024: Revolution Machine Tools trademarks "RMT REVOLUTION MACHINE TOOLS" - Metalworking machines
- Jan 05, 2024: Fecon trademarks "STUMPER" - Hydraulic tree stump grinding equipment for attachment to tractors
- Aug 24, 2023: Natural Fiber Welding raises $30 million in funding.
Recent Federal Contracts for Metalworking Machinery Manufacturing
- Apr 02, 2024: VRC METAL SYSTEMS, LLC (Box Elder, SD) awarded $6,367,448
- Apr 01, 2024: W.W. GRAINGER, INC. (Lake Forest, IL) awarded $33,290
- Apr 01, 2024: B & P CONSORT, INC. (Seabeck, WA) awarded $49,946
- Mar 30, 2024: AMERICAN KAL ENTERPRISES, INC. (Baldwin Park, CA) awarded $2,212
- Mar 26, 2024: HARTWIG, INC. (Saint Louis, MO) awarded $1,302,399
- Mar 25, 2024: B & H INTERNATIONAL LLC (Bakersfield, CA) awarded $77,844
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