Cutting Tool and Machine Tool Accessory Manufacturing - Market Size, Financial Statistics, Industry Trends

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 Bureau

Cutting Tool and Machine Tool Accessory Manufacturing Market Size

This report includes historical and forecasted market sizes and industry trends for Cutting Tool and Machine Tool Accessory Manufacturing. It reveals overall market dynamics from 2020 through the present, and predicts industry growth or shrinkage through 2030. Revenue data include both public and private companies in the Cutting Tool and Machine Tool Accessory Manufacturing industry.

	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 data



Pell Research's advanced econometric models forecast five years of industry growth based on short- and long-term trend analysis. Market size statistics include revenue generated from all products and services sold within the Cutting Tool and Machine Tool Accessory Manufacturing industry.

Geographic Breakdown by U.S. State

Cutting Tool and Machine Tool Accessory Manufacturing market share by state pinpoints local opportunities based on regional revenue statistics. Growth rate for each state is affected by regional economic conditions. Data by state can be used to locate profitable and nonprofitable locations for Cutting Tool and Machine Tool Accessory Manufacturing companies in the United States.

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)

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" Cutting Tool and Machine Tool Accessory Manufacturing 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

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

Compensation and Salary Surveys

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