Cutting Tool & Machine Tool Accessory Manufacturing Industry: Statistics, Forecasts, and Company Data
Cutting Tool & Machine Tool Accessory Manufacturing - Market Size and Industry Forecast
The 2023 Cutting Tool and Machine Tool Accessory Manufacturing Industry Report contains historical and forecasted statistics used by leading private equity firms and consultants. Market sizes from 2018 to 2028 reflect industry trends and growth patterns. Revenues include both public and private companies in the cutting tool & machine tool accessory manufacturing industry.
Source: U.S. government financial data.
|Market Size (Total Revenue)|
|% Growth Rate|
|Number of Companies|
|Average Revenue per Company|
|Average Employees per Company|
Industry Revenue ($ 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.
Cutting Tool & Machine Tool Accessory Manufacturing - 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 & Machine Tool Accessory Manufacturing companies in the United States.
Cutting Tool & Machine Tool Accessory Manufacturing Revenue by State
Distribution by Company Size
|Company Size||All Industries||Cutting Tool & Machine Tool Accessory Manufacturing|
|Small Business (< 5 Employees)|
|Small Business (5 - 20)|
|Midsized Business (20 - 100)|
|Large Business (100 - 500)|
|Enterprise (> 500)|
Cutting Tool & Machine Tool Accessory Manufacturing - 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 included).
|Industry Average||Percent of Sales|
|Cost of Goods Sold (COGS)|
|Earnings Before Interest and Taxes (EBIT)|
|Earnings Before Taxes|
Average Income Statement
Cost of Goods Sold
Salaries, Wages, and Benefits
Depreciation and Amortization
Cutting Tool & Machine Tool Accessory Manufacturing - Financial Ratio Analysis
Financial ratios allow a company's performance to be compared against that of its peers.
|Financial Ratio||Industry Average|
|Average Collection Period|
|Asset Turnover Ratio|
|Receivables Turnover Ratio|
|Inventory Conversion Ratio|
Cutting Tool & Machine Tool Accessory Manufacturing - Product Mix
|Product Description||Description||Revenue |
Cutting tool and machine tool accessory mfg.
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
Cutting Tool & Machine Tool Accessory Manufacturing - Compensation and Salary Surveys
|Title||Percent of Workforce||Bottom Quartile||Average (Median) Salary||Upper Quartile|
|General and Operations Managers||3%|
|Architecture and Engineering Occupations||7%|
|Office and Administrative Support Occupations||9%|
|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%|
|Tool and Die Makers||9%|
|Tool and Die Makers||9%|
|Other Production Occupations||6%|
In the past, the federal government spent an annual total of $13,624,088
on the cutting tool & machine tool accessory manufacturing industry. It has awarded 1,229 contracts to 250 companies, with an average value of $54,496 per company.
Cutting Tool & Machine Tool Accessory Manufacturing and Adjacent Industries - Top Companies