Metalworking Machinery Manufacturing Industry Overview

Excerpt from Metalworking Machinery Manufacturing Report

Companies in this industry manufacture metalworking machinery, including molds, dies, cutting tools, and machining centers. Major companies include Hardinge, Hurco, Kennametal, and MAG Giddings & Lewis (all based in the US), along with Dalian Machine Tool Group (China), Gildemeister (Germany), and Okuma Holdings (Japan).

Competitive Landscape

Demand is closely linked to US industrial activity. The profitability of individual companies depends on the complexity of their product designs and their manufacturing efficiency. Large companies have the resources to make complex, automated machinery. Small companies can compete successfully by making specialty products, replacement parts, or accessories. The industry is fragmented: the largest 50 companies generate about 30 percent of revenue.

Products, Operations & Technology

Dies and molds account for about 50 percent of industry revenue, metal cutting and forming machinery for 25 percent, and cutting tools and machine tool accessories about 20 percent. The industry itself relies on metalworking machinery to make products. The primary manufacturing facilities are specialized foundry and machine shops.