Cutting Tool and Machine Tool Accessory Manufacturing Industry Research Report
Industry Overview
This U.S. industry comprises establishments primarily engaged in manufacturing accessories and attachments for metal cutting and metal forming machine tools. Illustrative Examples: Knives and bits for metalworking lathes, planers, and shapers manufacturing Measuring attachments (e.g., sine bars) for machine tool manufacturing Metalworking drill bits manufacturing Taps and dies (i.e., machine tool accessories) manufacturing Cross-References.
Source: U.S. Census BureauMarket Size and Industry Forecast
This research report analyzes the market size and trends in the Cutting Tool and Machine Tool Accessory Manufacturing industry. It shows overall market size from 2020 to the present, and predicts industry growth through 2030. Revenues data include both public and private companies.
| Historical | Forecasted |
|---|
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|
| Market Size (Total Revenue) | Included in Report |
| % Growth Rate |
| Number of Companies |
| Total Employees |
| Average Revenue per Company |
| Average Employees per Company |
Source: U.S. government financial dataIndustry Revenue ($ Billions)
Industry Forecast ($ Billions)
Advanced econometric models forecast five years of industry growth based on short- and long-term trend analysis. Market size includes revenue generated from all products and services sold within the industry.
Geographic Breakdown by U.S. State
Market size by state reveals local opportunity through the number of companies located in the region. Each state's growth rate is affected by regional economic conditions. Data by state can be used to pinpoint profitable and nonprofitable locations for Cutting Tool and Machine Tool Accessory Manufacturing companies in the United States.
Cutting Tool and Machine Tool Accessory Manufacturing Revenue by State
Distribution by Company Size
| Company Size | All Industries | Cutting Tool and Machine Tool Accessory Manufacturing |
|---|
| Small Business (< 5 Employees) | Included |
| Small Business (5 - 20) |
| Midsized Business (20 - 100) |
| Large Business (100 - 500) |
| Enterprise (> 500) |
Cutting Tool and Machine Tool Accessory Manufacturing Industry Income Statement (Average Financial Metrics)
Financial statement analysis determines averages for the following industry forces:
- Cost of goods sold
- Compensation of officers
- Salaries and wages
- Employee benefit programs
- Rent paid
- Advertising and marketing budgets
The report includes a traditional income statement from an "average" company (both public and private companies are included).
| Industry Average | Percent of Sales |
|---|
| Total Revenue | Included |
| Operating Revenue |
| Cost of Goods Sold (COGS) |
| Gross Profit |
| Operating Expenses |
| Operating Income |
| Non-Operating Income |
| Earnings Before Interest and Taxes (EBIT) |
| Interest Expense |
| Earnings Before Taxes |
| Income Tax |
| Net Profit |
Average Income Statement
Cost of Goods Sold
Salaries, Wages, and Benefits
Rent
Advertising
Depreciation and Amortization
Officer Compensation
Net Income
Financial Ratio Analysis
Financial ratios allow a company's performance to be compared against that of its peers.
| Financial Ratio | Industry Average |
|---|
| Profitability Ratios | Included |
| Profit Margin |
| ROE |
| ROA |
| Liquidity Ratios |
| Current Ratio |
| Quick Ratio |
| Activity Ratios |
| Average Collection Period |
| Asset Turnover Ratio |
| Receivables Turnover Ratio |
| Inventory Conversion Ratio |
Products and Services Mix
Product lines and services in the Cutting Tool and Machine Tool Accessory Manufacturing industry accounting for the largest revenue sources.
| Product Description | Description | Revenue
($ Millions) |
|---|
Cutting tool and machine tool accessory mfg. | Included |
Small cutting tools for machine tools/metalworking machinery |
Other cutting tools for machines tools, excl. tips and blanks |
End mills and milling cutters |
Threading tools, including blanks, tips, and inserts |
Carbon/high-speed steel shank, solid, tipped carbide twist drills |
Taps, carbide indexible, and throwaway inserts for machine tools |
Small cutting tools, machine tools/metalworking mach., nsk |
Other attachments/etc., machine tools/metalworking mach. |
Cutting & machine tool accessory mfg, nsk, admin-records |
Salary information for employees working in the Cutting Tool and Machine Tool Accessory Manufacturing industry.
| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|
| Management Occupations | 6% | Included |
| Chief Executives | 0% |
| General and Operations Managers | 3% |
| Architecture and Engineering Occupations | 7% |
| Engineers | 6% |
| Office and Administrative Support Occupations | 9% |
| Production Occupations | 63% |
| Assemblers and Fabricators | 5% |
| Metal Workers and Plastic Workers | 48% |
| Computer Control Programmers and Operators | 8% |
| Computer-Controlled Machine Tool Operators, Metal and Plastic | 7% |
| Machine Tool Cutting Setters, Operators, and Tenders, Metal and Plastic | 6% |
| Machinists | 15% |
| Machinists | 15% |
| Tool and Die Makers | 9% |
| Tool and Die Makers | 9% |
| Other Production Occupations | 6% |
Government Contracts
The federal government spent an annual total of
$13,624,088 on the cutting tool and machine tool accessory manufacturing industry. It has awarded 1,229 contracts to 250 companies, with an average value of $54,496 per company.
Top Companies in Cutting Tool and Machine Tool Accessory Manufacturing and Adjacent Industries
| Company | Address | Revenue
($ Millions) |
|---|
Included |
