U.S. Machine Tool Market Peaked at $9.7B

Metal-Forming Machinery And Machine Tools September 22, 2017
U.S. Machine Tool Market. Analysis And Forecast to 2025

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Abstract
Description
Table of Contents

Photo: © Wichan sumalee / Bigstockphoto

According to market research conducted by IndexBox, the machine tool market in the U.S. increased by X% in 2016 to X million USD. Previously, an abrupt drop was recorded in 2008, which was then followed by a recovery through to 2012. Afterwards, the market value leveled off, fluctuating mildly from 2013-2016.

The growth in demand for machine tools from the processing industries, which is expected to continue against the background of the general economic and investment activity growth of the United States, the increase in the number of new enterprises, and the modernization of old equipment in existing enterprises, will contribute not only to the growth of the market, but also to the growth of domestic production. Therefore, the U.S. growth in machine tool consumption is expected to accelerate slightly to +X% per year from 2016 to X (currently +X% per year from 2008-2016).

Metal machining centers (multifunction numerically controlled machines) accounted for the highest share (X% in 2016) of U.S machine tool manufacturing, followed by rebuilt metal-cutting machine tools, remanufactured metal-cutting machine tools, and parts for metal-cutting-type machine tools (X%), metal punching and shearing machines (including power and manual) and bending and forming machines (power only) (X%), metal grinding, polishing, buffing, honing, and lapping machines, excluding gear-tooth grinding, lapping, polishing, and buffing machines (X%), metal gear cutting machines (X%) and metal lathes (turning machines) numerically and nonnumerically controlled (X%). The other categories occupy about X% in the aggregate.

The most notable growth rates in U.S machine tool manufacturing from 2008 to 2016 were attained by rebuilt metal-cutting machine tools, remanufactured metal-cutting machine tools, and parts for metal-cutting-type machine tools (+X% per year), while the other leading categories experienced more modest paces of growth.

The U.S. exported X billion USD of machine tool in 2016, which accounted for X% of U.S. machine tool output. There was a mixed trend of exports value: after the decline in 2009, it recovered over the next two years and downturned from 2013 to 2016. This, however, enabled the U.S. to take the fourth spot in global machine tool exports (with an X% share, based on USD), following Japan (X%), Germany (X%) and Italy (X%).

In 2016, the main destinations of U.S. machine tool exports were Mexico (X%), Canada (X%) and China (X%). China had the highest annual average growth rate of imports from the U.S. (+X%) among the leaders from 2007 to 2016. The share exported to Mexico (+X percentage points) and China (+X percentage points) increased, while the share sent to Canada illustrated negative dynamics (-X percentage points). The shares of the other countries remained relatively stable throughout the analyzed period.

Despite fierce competition, the U.S. continues to be one of the most attractive destinations for overseas suppliers, taking the second spot in global machine tool imports (with a X% share, based on USD), following China (X%).

The value of total U.S. machine tool imports totaled X billion USD in 2016, with a declining trend over the last four years. Intense competition from imports, particularly from Japan and Germany, has significantly constrained industry performance during this period. From 2008 to 2016, the import share in total consumption decreased from X% to X% due to rise of the value of the domestic production. As a result, the domestic manufacturers strengthened their market position in 2016, but imports still comprised a major market share.

In 2016, Japanese (X% of the market, in value terms) and German (X%) machine tool held an important share in total U.S. consumption. The share of Japanese machine tool decreased by X percentage points, the share of products from the Republic of Korea decreased by X percentage points, suppliers from Germany, Canada and Switzerland reduced their presence in the U.S. market by X percentage point each.

Among the importing product categories, the largest shares of imports in the U.S. consumption were held by machining centres for working metal (X% in 2016, based on USD), machine tools, for working metal by forging, hammering etc; machine tools, for working metal by bending, folding, etc; presses for working metaland (X%), lathes, incl. turning centres, for removing metal (X%) and parts and accessories for machine tools for working metal by removing material (X%).

In the medium term, competition with imported machine tools is expected to remain stiff. Besides the strongest competitors from Japan, which traitionally boast high-quality products, some other competitors are to widen their penetration into the US machine tool market. These will be, on the one hand, manufacturers from developing Asian countries, which win clients thanks to their favourable prices, on the other hand, European producers supplying more expensive products but possessing new technological capabilities (for example, increased standards of control and accuracy of processes).

The barriers to entry on the U.S. machine tool market are moderate. The highly fragmented nature of this industry means that product quality and reputation are key to success. The common trend is that metalworking enterprises are concentrated around industrial centers and manufacturers, which encourages a high level of competition at local markets. This trend is spreading both to American and foreign companies. In some areas of this industry, technical knowledge is another common barrier to entry. In this highly competitive U.S. machine tool market, companies with access to the latest and most efficient technologies and those who have business contacts in key consuming markets should secure a sustainable market position.

Do you want to know more about the U.S. machine tool market? Get the latest trends and insight from our report. It includes a wide range of statistics on

  • machine tool market share
  • machine tool prices
  • machine tool industry
  • machine tool sales
  • machine tool market forecast
  • machine tool price forecast
  • key machine tool producers

Source: U.S. Machine Tool Market. Analysis And Forecast

Product coverage:
Metal gear cutting machines; Metal grinding, polishing, buffing, honing, and lapping machines, excluding gear-tooth grinding, lapping, polishing, and buffing machines; Metal lathes (turning machines) numerically and nonnumerically controlled; Metal milling machines (excluding machining centers); Machine tools for home workshops, laboratories, garages, etc. (metalworking and primarily metalworking only); Rebuilt metal-cutting machine tools, remanufactured metal-cutting machine tools, and parts for metal-cutting-type machine tools (sold separately); Metal machining centers (multifunction numerically controlled machines); Metal-station-type machinesOther metal cutting machine tools (excluding those designed primarily for home workshops, laboratories, garages, etc.); Metal boring machines and drilling machines (excluding machining centers); Metal punching and shearing machines (including power and manual) and bending and forming machines (power only); Metalworking presses (excluding forging and die-stamping presses); Other metal forming machine tools, including forging and die-stamping machines (excluding metalworking presses); Parts for metal forming machine tools (sold separately) and rebuilt and remanufactured metal forming machine tools; Machine tool manufacturing, nsk, total

The report provides on a detailed study of the U.S. machine tool market. It outlines the latest data of the market size and volume, domestic production, exports and imports, price dynamics and turnover in the industry. In addition, the report contains insightful information about the industry, including industry life cycle, business locations, productivity, employment and many other crucial aspects. The Company Profiles section contains current data on the largest players in the industry.

Countries coverage: the U.S.

Companies mentioned:
The Scotts Miracle-Gro Company,
Electroimpact ,
Noble Drilling Services ,
Trumpf,
Haas Automation,
Gleason Corporation,
Hypertherm,
Victor Technologies Group,
Mazak Corporation,
Hardinge ,
Makino Inc.,
Wagstaff,
Atlas Copco Drilling Solutions ,
U. S. Tool Grinding,
Wilson Tool International ,
Stolle Machinery Company,
Nidec Minster Corporation,
Peddinghaus Corporation,
Kps Capital Partners,
Ridge Tool Company,
Husqvarna Construction Products North America,
Fives Landis Corp.,
Madison Capital Partners,
Graywood Companies,
Schick Manufacturing,
Victor Technologies International,
U.S. Union Tool,
NM Group Global,
Milacron Marketing Company,
Manan Tool & Manufacturing Inc,
Murata Machinery USA Holdings,
Rockwood Service Corporation,
Kobe Steel USA Holdings Inc.,
Victor Technologies Holdings,
Port City Group

Data coverage:
• Machine tool market size;
• Machine tool production, value of shipments;
• Key market players and their profiles;
• Exports, imports and trade balance;
• Import and export prices;
• Forecast of the market dynamics in the medium term;
• Key industry statistics;
• Life cycle of the machine tool industry;
• Number of establishments and their locations;
• Employment data;
• Machine tool industry productivity.

Reasons to buy this report:
• Take advantage of the latest data;
• Find deeper insights into current market developments;
• Discover vital success factors affecting the market.

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues

1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION
MAKING DATA-DRIVEN DECISIONS TO GROW YOUR BUSINESS
1.1 REPORT DESCRIPTION
1.2 RESEARCH METHODOLOGY AND AI PLATFORM
1.3 DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4 GLOSSARY AND SPECIFIC TERMS

2. EXECUTIVE SUMMARY
A QUICK OVERVIEW OF MARKET PERFORMANCE
2.1 KEY FINDINGS
2.2 MARKET TRENDS

3. MARKET OVERVIEW
UNDERSTANDING THE CURRENT STATE OF THE MARKET AND ITS PROSPECTS
3.1 MARKET SIZE
3.2 MARKET STRUCTURE
3.3 TRADE BALANCE
3.4 PER CAPITA CONSUMPTION
3.5 MARKET FORECAST TO 2025

4. MOST PROMISING PRODUCTS
FINDING NEW PRODUCTS TO DIVERSIFY YOUR BUSINESS
NOTE: THIS CHAPTER IS AVAILABLE ONLY FOR PROFESSIONAL EDITION
4.1 TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2 BEST-SELLING PRODUCTS WORLDWIDE
4.3 MOST CONSUMED PRODUCT WORLDWIDE
4.4 MOST TRADED PRODUCT
4.5 MOST PROFITABLE PRODUCT FOR EXPORT

5. MOST PROMISING SUPPLYING COUNTRIES
CHOOSING THE BEST COUNTRIES TO ESTABLISH YOUR SUSTAINABLE SUPPLY CHAIN
NOTE: THIS CHAPTER IS AVAILABLE ONLY FOR PROFESSIONAL EDITION
5.1 TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2 TOP PRODUCING COUNTRIES
5.3 TOP EXPORTING COUNTRIES
5.4 LOW-COST EXPORTING COUNTRIES

6. MOST PROMISING OVERSEAS MARKETS
CHOOSING THE BEST COUNTRIES TO BOOST YOUR EXPORTS
NOTE: THIS CHAPTER IS AVAILABLE ONLY FOR PROFESSIONAL EDITION
6.1 TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2 TOP CONSUMING MARKETS
6.3 UNSATURATED MARKETS
6.4 TOP IMPORTING MARKETS
6.5 MOST PROFITABLE MARKETS

7. PRODUCTION
THE LATEST TRENDS AND INSIGHTS INTO THE INDUSTRY
7.1 PRODUCTION VOLUME AND VALUE

8. IMPORTS
THE LARGEST IMPORTERS ON THE MARKET AND HOW THEY SUCCEED
8.1 IMPORTS FROM 2007–2017
8.2 IMPORTS BY COUNTRY
8.3 IMPORT PRICES BY COUNTRY

9. EXPORTS
THE LARGEST EXPORTERS ON THE MARKET AND HOW THEY SUCCEED
9.1 EXPORTS FROM 2007–2017
9.2 EXPORTS BY COUNTRY
9.3 EXPORT PRICES BY COUNTRY

10. PROFILES OF MAJOR PRODUCERS
THE LARGEST PRODUCERS ON THE MARKET AND THEIR PROFILES
NOTE: THIS CHAPTER IS AVAILABLE ONLY FOR PROFESSIONAL EDITION

LIST OF TABLES
Table 1: Key Findings In 2017
Table 2: Market Volume, In Physical Terms, 2007–2017
Table 3: Market Value, 2007–2017
Table 4: Per Capita Consumption In 2007-2017
Table 5: Imports, In Physical Terms, By Country, 2007–2017
Table 6: Imports, In Value Terms, By Country, 2007–2017
Table 7: Import Prices, By Country Of Origin, 2007–2017
Table 8: Exports, In Physical Terms, By Country, 2007–2017
Table 9: Exports, In Value Terms, By Country, 2007–2017
Table 10: Export Prices, By Country Of Destination, 2007–2017

LIST OF FIGURES
Figure 1: Market Volume, In Physical Terms, 2007–2017
Figure 2: Market Value, 2007–2017
Figure 3: Market Structure – Domestic Supply Vs. Imports, In Physical Terms, 2007-2017
Figure 4: Market Structure – Domestic Supply Vs. Imports, In Value Terms, 2007-2017
Figure 5: Trade Balance, In Physical Terms, 2007-2017
Figure 6: Trade Balance, In Value Terms, 2007-2017
Figure 7: Per Capita Consumption, 2007-2017
Figure 8: Market Forecast To 2025
Figure 9: Products: Market Size And Growth, By Type
Figure 10: Products: Average Per Capita Consumption, By Type
Figure 11: Products: Exports And Growth, By Type
Figure 12: Products: Export Prices And Growth, By Type
Figure 13: Production Volume And Growth
Figure 14: Exports And Growth
Figure 15: Export Prices And Growth
Figure 16: Market Size And Growth
Figure 17: Per Capita Consumption
Figure 18: Imports And Growth
Figure 19: Import Prices
Figure 20: Production, In Physical Terms, 2007–2017
Figure 21: Production, In Value Terms, 2007–2017
Figure 22: Imports, In Physical Terms, 2007–2017
Figure 23: Imports, In Value Terms, 2007–2017
Figure 24: Imports, In Physical Terms, By Country, 2017
Figure 25: Imports, In Physical Terms, By Country, 2007–2017
Figure 26: Imports, In Value Terms, By Country, 2007–2017
Figure 27: Import Prices, By Country Of Origin, 2007–2017
Figure 28: Exports, In Physical Terms, 2007–2017
Figure 29: Exports, In Value Terms, 2007–2017
Figure 30: Exports, In Physical Terms, By Country, 2017
Figure 31: Exports, In Physical Terms, By Country, 2007–2017
Figure 32: Exports, In Value Terms, By Country, 2007–2017
Figure 33: Export Prices, By Country Of Destination, 2007–2017