Industries in the Machinery Manufacturing subsector create end products that apply mechanical force, for example, the application of gears and levers, to perform work. Some important processes for the manufacture of machinery are forging, stamping, bending, forming, and machining that are used to shape individual pieces of metal. Processes, such as welding and assembling are used to join separate parts together. Although these processes are similar to those used in metal fabricating establishments, machinery manufacturing is different because it typically employs multiple metal forming processes in manufacturing the various parts of the machine. Moreover, complex assembly operations are an inherent part of the production process.
In general, design considerations are very important in machinery production. Establishments specialize in making machinery designed for particular applications. Thus, design is considered to be part of the production process for the purpose of implementing NAICS. The NAICS structure reflects this by defining industries and industry groups that make machinery for different applications. A broad distinction exists between machinery that is generally used in a variety of industrial applications (i.e., general purpose machinery) and machinery that is designed to be used in a particular industry (i.e., special purpose machinery). Three industry groups consist of special purpose machinery--Agricultural, Construction, and Mining Machinery Manufacturing; Industrial Machinery Manufacturing; and Commercial and Service Industry Machinery Manufacturing. The other industry groups make general purpose machinery: Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing; Metalworking Machinery Manufacturing; Engine, Turbine, and Power Transmission Equipment Manufacturing; and Other General Purpose Machinery Manufacturing. Source: US Census Bureau
Market Size and Industry Forecast
The Machinery Manufacturing industry report contains historical and forecasted statistics used by leading private equity firms and consultants. Market sizes from 2020 to 2030 reflect industry trends and growth patterns. Revenues include both public and private companies in the Machinery Manufacturing industry.
Historical
Forecasted
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
Market Size (Total Revenue)
% Growth Rate
Number of Companies
Total Employees
Average Revenue per Company
Average Employees per Company
Source: U.S. government financial data
Industry Revenue ($ Billions)
2018
2019
2020
2021
2022
2023
2024
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 Machinery Manufacturing companies in the United States.
Machinery Manufacturing Revenue by State
Distribution by Company Size
Company Size
All Industries
Machinery Manufacturing
Small Business (< 5 Employees)
Small Business (5 - 20)
Midsized Business (20 - 100)
Large Business (100 - 500)
Enterprise (> 500)
Machinery 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 included).
Industry Average
Percent of Sales
Total Revenue
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
Profit Margin
ROE
ROA
Liquidity Ratios
Current Ratio
Quick Ratio
Activity Ratios
Average Collection Period
Asset Turnover Ratio
Receivables Turnover Ratio
Inventory Conversion Ratio
Machinery Manufacturing Industry Compensation and Salary Surveys
Title
Percent of Workforce
Bottom Quartile
Average (Median) Salary
Upper Quartile
Management Occupations
7%
Chief Executives
0%
General and Operations Managers
2%
Business and Financial Operations Occupations
6%
Computer and Mathematical Occupations
6%
Computer Occupations
6%
Architecture and Engineering Occupations
10%
Engineers
7%
Office and Administrative Support Occupations
10%
Installation, Maintenance, and Repair Occupations
5%
Production Occupations
52%
Assemblers and Fabricators
17%
Engine and Other Machine Assemblers
6%
Engine and Other Machine Assemblers
6%
Miscellaneous Assemblers and Fabricators
14%
Assemblers and Fabricators, All Other, Including Team Assemblers
12%
Metal Workers and Plastic Workers
26%
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
7%
Machinists
7%
Tool and Die Makers
9%
Tool and Die Makers
9%
Welding, Soldering, and Brazing Workers
6%
Welders, Cutters, Solderers, and Brazers
6%
Other Production Occupations
6%
Government Contracts
The federal government spent an annual total of $3,713,229,359 on the machinery manufacturing industry. It has awarded 52,238 contracts to 9,575 companies, with an average value of $387,805 per company.
Top Companies in Machinery Manufacturing and Adjacent Industries
Company
Address
Revenue ($ Millions)
Report Objectives
For Private Equity Firms & Investors
Analyze unbiased statistics for the Machinery Manufacturing market
Review historical and forecasted growth trends
Benchmark companies against the industry average
For Business Executives
Develop a strategy based on concrete statistics
Identify opportunities based on market size and growth rates
For Startups
Get the information you need for the "Market Analysis" section of your business plan
Show market size in the U.S. and by state
For Venture Capital
Understand market opportunity and current size
Evaluate the market potential of a disruptive technology in the Machinery Manufacturing industry