Machine Shops Industry - Market Size, Trends, and Growth - 2025-2030

Industry Overview

This industry comprises establishments known as machine shops primarily engaged in machining metal and plastic parts and parts of other composite materials on a job or order basis. Generally machine shop jobs are low volume using machine tools, such as lathes (including computer numerically controlled); automatic screw machines; and machines for boring, grinding, milling, and additive manufacturing.
Source: U.S. Census Bureau

Market Size and Industry Forecast

This research report analyzes the market size and trends in the Machine Shops industry. It shows overall market size from 2020 to the present, and predicts industry growth through 2030. Revenues data include both public and private companies.

	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



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 Machine Shops companies in the United States.

Distribution by Company Size

Company Size	All Industries	Machine Shops
Small Business (< 5 Employees)
Small Business (5 - 20)
Midsized Business (20 - 100)
Large Business (100 - 500)
Enterprise (> 500)

Machine Shops 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

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

Machine Shops Industry Product Mix

Product Description	Description	Revenue ($ Millions)
Machine shops
Receipts for machine shop job work and job order repairs
Receipts, machine shop job work/job order repairs, nsk, total
Machine shops, nsk, for administrative-records

Machine Shops Industry Compensation and Salary Surveys

Title	Percent of Workforce	Bottom Quartile	Average (Median) Salary	Upper Quartile
Management Occupations	5%
Chief Executives	0%
General and Operations Managers	3%
Office and Administrative Support Occupations	11%
Production Occupations	70%
Metal Workers and Plastic Workers	56%
Computer Control Programmers and Operators	10%
Computer-Controlled Machine Tool Operators, Metal and Plastic	9%
Machine Tool Cutting Setters, Operators, and Tenders, Metal and Plastic	6%
Machinists	31%
Machinists	31%
Welding, Soldering, and Brazing Workers	6%
Welders, Cutters, Solderers, and Brazers	5%
Other Production Occupations	7%

Government Contracts

The federal government spent an annual total of $60,264,938 on the machine shops industry. It has awarded 9,261 contracts to 437 companies, with an average value of $137,906 per company.

Top Companies in Machine Shops and Adjacent Industries

Company	Address	Revenue ($ Millions)