Overview
The 17,800 machine shops in the US process various materials, such as metal, plastic, or composites, to produce custom parts. Companies may specialize in a particular process (such as lathing) or an industry (such as automotive). Most projects are low volume and require high precision. The industry consists of small- to medium-sized businesses – no large companies dominate.
Manufacturing Moving Overseas
Machine shops are small- to medium-sized businesses, and are generally unable to supply customers who move manufacturing overseas where production costs are considerably lower.
Dependence On Skilled Labor
Operating machine shop equipment requires a blend of technical knowledge and experience.
Industry Financial Benchmarks
Here are typical financial statements for machine shops.
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