Machinery Manufacturing > Cutting Tool & Machine Tool Accessory Manufacturing Industry

Cutting Tool & Machine Tool Accessory Manufacturing Industry - Market Size, Trends, and Growth - 2025-2030

Industry Overview

This U.S. industry comprises establishments primarily engaged in manufacturing accessories and attachments for metal cutting and metal forming machine tools. Illustrative Examples: Knives and bits for metalworking lathes, planers, and shapers manufacturing Measuring attachments (e.g., sine bars) for machine tool manufacturing Metalworking drill bits manufacturing Taps and dies (i.e., machine tool accessories) manufacturing
Source: U.S. Census Bureau

Market Size and Industry Forecast

This research report analyzes the market size and trends in the Cutting Tool and Machine Tool Accessory Manufacturing 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.

HistoricalForecasted
20202021202220232024202520262027202820292030
Market Size (Total Revenue)

Included in Report

% Growth Rate
Number of Companies
Total Employees
Average Revenue per Company
Average Employees per Company
Source: U.S. government financial data

Industry Revenue ($ Billions)

Industry Market Size
  • 2018
  • 2019
  • 2020
  • 2021
  • 2022
  • 2023
  • 2024

Industry Forecast ($ Billions)

Industry Market Size
  • 2024
  • 2025
  • 2026
  • 2027
  • 2028
  • 2029
  • 2030


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 Cutting Tool & Machine Tool Accessory Manufacturing companies in the United States.

Cutting Tool & Machine Tool Accessory Manufacturing Revenue by State

Market Size by State

Distribution by Company Size

Company SizeAll IndustriesCutting Tool & Machine Tool Accessory Manufacturing
Small Business (< 5 Employees)

Included

Small Business (5 - 20)
Midsized Business (20 - 100)
Large Business (100 - 500)
Enterprise (> 500)

Cutting Tool & Machine Tool Accessory Manufacturing Industry Income Statement (Average Financial Metrics)

Financial statement analysis determines averages for the following industry forces:
The report includes a traditional income statement from an "average" company (both public and private companies are included).

Industry AveragePercent of Sales
Total Revenue

Included

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

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 RatioIndustry Average
Profitability Ratios

Included

Profit Margin
ROE
ROA
Liquidity Ratios
Current Ratio
Quick Ratio
Activity Ratios
Average Collection Period
Asset Turnover Ratio
Receivables Turnover Ratio
Inventory Conversion Ratio

Products and Services Mix

Product lines and services in the Cutting Tool & Machine Tool Accessory Manufacturing industry accounting for the largest revenue sources.

Product DescriptionDescriptionRevenue
($ Millions)

Cutting tool and machine tool accessory mfg.

Included

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


Compensation and Salary Surveys

Salary information for employees working in the Cutting Tool & Machine Tool Accessory Manufacturing industry.

TitlePercent of WorkforceBottom QuartileAverage (Median) SalaryUpper Quartile
Management Occupations6%

Included

Chief Executives0%
General and Operations Managers3%
Architecture and Engineering Occupations7%
Engineers6%
Office and Administrative Support Occupations9%
Production Occupations63%
Assemblers and Fabricators5%
Metal Workers and Plastic Workers48%
Computer Control Programmers and Operators8%
Computer-Controlled Machine Tool Operators, Metal and Plastic7%
Machine Tool Cutting Setters, Operators, and Tenders, Metal and Plastic6%
Machinists15%
Machinists15%
Tool and Die Makers9%
Tool and Die Makers9%
Other Production Occupations6%

Government Contracts

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.

Top Companies in Cutting Tool & Machine Tool Accessory Manufacturing and Adjacent Industries

CompanyAddressRevenue
($ Millions)

Included





Buy the Report on Cutting Tool & Machine Tool Accessory Manufacturing
GeographyUnited States
Publication DateApril 2025
Report FormatPDF Download  PDF
Price$495
Cutting Tool & Machine Tool Accessory Manufacturing Report Contents
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