Overview

The 6,300 metalworking machinery manufacturers in the US produce metal cutting and forming machinery, dies, machine tools, jigs, and industrial molds. Major customers are machine shops, industrial machinery wholesalers, industrial supplies distributors, construction firms, oil and gas firms, mining companies, power companies, defense contractors, and manufacturers of vehicles, aircraft and aerospace components, ships, and a wide range of products that require the machining or molding of metal, glass, rubber, or plastic.

Weak Pricing Growth

Strong competition from domestic competitors and foreign imports have prevented metalworking machinery manufacturers from significantly raising their prices.

Competition from Used Equipment

Metalworking machinery manufacturers not only compete with one another, but also the used equipment market.