Machinery Manufacturing – 2024 U.S. Market Research Report

Publish Date: February 2024

This 63-page market research report provides a comprehensive analysis on the $459.6 billion machinery manufacturing market in the United States. With more than one hundred industry analyses and data sets, this report is one of the comprehensive assessments of the industry. The report covers 2015 to 2023, with forecasts for 2024 and 2028. The base data is sourced from extensive business surveys completed by the majority of companies in the machinery manufacturing industry.

This report has the in-depth industry insights you are looking for as it covers sales & expense trends, 26 expense categories, financial ratio benchmarks, extensive forecasts, inventory trends & analysis, detailed breakdown of 31 balance sheet items, numerous industry segmentations, competitive intensity analysis, production material costs, profitability metrics, state statistics, plant utilization, employee role analysis, 4 years of inflation analysis, employee pay analysis, employee productivity benchmarks, and numerous other data sets.

Machinery Manufacturing Report


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The 2024 U.S. Machinery Manufacturing Industry Market Research Report is 63 pages of deep insights into the trends, dynamics, and forecasts shaping the industry. You can use this market research report to develop a comprehensive fact base on the industry for strategic planning, forecasting, OPEX benchmarking, industry analysis, growth initiatives, P&L and balance sheet analysis, plant productivity, market analysis, valuation analysis, organizational streamlining, sales & marketing benchmarking, productivity improvement initiatives, operational streamlining, wage and pay analysis, and a ton more.

Below are a few page images from the report and check out the table of contents for a complete overview.

machinery manufacturing market size chart

Operating expense chart for machinery manufacturing

Machinery Manufacturing Profit

machinery manufacturing BCG Matrix

Machinery Manufacturing Factory Capacity Utilization Trend

Machinery Manufacturing Organizational Breakdown Chart


Industry Definition


Industries in the Machinery Manufacturing subsector create end products that apply mechanical force, for example, the application of gears and levers, to perform work. Some important processes for the manufacture of machinery are forging, stamping, bending, forming, and machining that are used to shape individual pieces of metal. Processes, such as welding and assembling are used to join separate parts together. Although these processes are similar to those used in metal fabricating companies, machinery manufacturing is different because it typically employs multiple metal forming processes in manufacturing the various parts of the machine. Moreover, complex assembly operations are an inherent part of the production process. 

NAICS Code: 333

Total # of Companies: 20,282

Total # of Factories / Facilities: 22,983

Industry Employees: 1,067,200

Market Size: $459.6 billion

Product Lines Covered


Agriculture, construction, and mining machinery manufacturing
Engine, turbine, and power transmission equipment manufacturing
Other general purpose machinery manufacturing
Ventilation, heating, air-conditioning, and commercial refrigeration equipment manufacturing
Industrial machinery manufacturing
Metalworking machinery manufacturing
Commercial and service industry machinery manufacturing

Table of Contents


Review the table of contents of the Machinery Manufacturing Market Research Report to understand the comprehensive insights in the report and why thousands of professionals and executives count on Kentley Insights for their industry research.


1-2 – Report Overview & Contents

3 – Industry Overview
– Data Sources & Methodology
– Sector Definition & Examples

4 – Report Synopsis – Revenue & Growth

5 – Report Synopsis – Costs & Profitability

SECTION ONE
REVENUE & GROWTH

7 – Market Size Details
– Industry Revenues, Companies, & Facilities
– Analysis 2015-2023
– 2024 & 2028 Forecasts

8 – Growth Benchmarks
– Sales per Company and Plant
– Analysis 2015-2023
– 2024 & 2028 Forecasts

9 – Product Lines Revenue

10 – BCG Matrix – Income vs. Revenue Growth

11 – Total Industry Sales by Month & Year (2019-2023)

12 – Inventory Value by Month & Year (2019-2023)

13 – Months of Inventory (2019-2023)

14 – Sector Revenue by Segments
– Business Concentration, Size, & Structure

15 – Market Size by State
– Market Size and Rankings

16 – Market Size as a % of State GDP

17 – Industry Sales as a % of State Manufacturing

18 – Industry Segmentation by Business Size

19 – Industry Segmentation by Business Size
– Business Size Segments – 1-4, 5-9, 10-20, 21-50, 51-100, 101-250, & 250+ employees
– Companies, Facilities, Sales, Employees & Payroll

20 – Industry Segmentation by Concentration (Top 50 Companies)
– Concentration Segments – Top 4, 5-8, 9-20, & 21-50 companies
– Companies, Facilities, Sales, Employees & Payroll

21 – Industry Market Share of Top 50 Companies

22 – Subsector Market Share of Top 50 Companies

23 – Industry Segmentation by Business Structure
– Business Structure Segments – C-Corporations, S-Corporations, Partnerships, & Sole Proprietorships
– Companies, Facilities, Sales, Employees & Payroll

24 – Revenue per Company by State

25 – Revenue per Company by Segments

26 – Revenue per Facility by State

27 – Revenue per Facility by Segment

28 – Subsector Market Size & Growth

29 – Subsector Sales per Company & Plant

30 – 5-Year Consolidation Analysis

31 – Employment Consolidation Analysis

32 – Subsector Consolidation Analysis
– Number of Companies & Facilities

33 – Subsector Consolidation Analysis
– Facilities & Employees per Company

SECTION TWO
COST, CAPITAL & FINANCIALS

35 – Profitability & Financial Ratio Analysis

Page 36 – Balance Sheet Metrics
– Assets and Liabilities indexed to industry revenue at 100
– 16 Current & Non-Current Assets Categories
– 15 Short-term, Long-term Liabilities, & Net Worth

37 – OPEX
– Industry OPEX Analysis
– 2015-2023 Trends, 2024 & 2028 Forecasts

38 – OPEX by Company & Plant
– OPEX per Company & Plant
– 2015-2023 Trends, 2024 & 2028 Forecasts

Page 39 – OPEX Detail
– 6 Employee Expense Categories
– 8 Cost of Material Categories
– 6 Buildings and Equipment Categories
– 8 Other Operating Expense Categories
-Inventory Breakdown: finished goods, work-in-progress, materials and supplies

40 – Production Material Costs
– Top Production Material Costs Breakdown
– % of Total Production Material Cost

41 – Producer Pricing Index
– 2015-2023 Trends, 2024 & 2028 Forecasts
– Monthly PPI Figures for the Past 4 Years

42 – Plant Utilization & Hours
– Plant Utilization Rate
– Plant Operational Hours per Week
– 2020-2023 Historical Figures by Quarter

43 – Reasons for Non-Full Production
– 7 Categories Quarterly Survey Results for Past 2 Years

44 – Productivity & Industry Employment
– Revenue per Employee
– Total Industry Employees
– Employees per Company
– 2015-2023 Trends, 2024 & 2028 Forecasts

45 – Employee Productivity by Segments

46 – Employee Productivity by State

47 –Subsector Sales & Payroll per Employee

48 – Industry Payroll
– Payroll per Employee, Company, & Plant
– 2015-2023 Trends, 2024 & 2028 Forecasts

49 – Payroll per Company by Segments

50 – Payroll per Plant by Segments

51 – Payroll per Employee by Segments

52 – Payroll per Employee by State

53 – Employee Composition
– % of Employees for 27 Job Categories

54 – Job Categorization Pay Ranges
– Pay Bands – Bottom 10% & 25%, Mean, Top 25% & 10%

55 – Top 20 Jobs Breakdown

56 – Top 20 Jobs Pay
– Pay Bands

57 – Employees per Company by Segments

58 – Employees per Plant by Segments

59 – Facilities per Company by Segments

60 – Total Employment by State

61 – Population to Every Employee by State

62 – Employees per Facility by State

63 – Overview of Kentley Insights


Data Sources & Forecast Methodology


The data source for the report is extensive annual expense, revenue, wage, operational, and economic surveys administered by federal and private institutions and filled out by a majority of companies in the machinery manufacturing industry. Our forecasts take into account historical trends, industry dynamics, and our macroeconomic projections.

Sample Report Download


Click on the image to download a full sample report. The 2024 Machinery Manufacturing Market Research Report has the same format and data sets.

Wood Kitchen Cabinet Countertop Manufacturing Report

Report Details


Report: Machinery Manufacturing Industry Market Research Report

Number of Pages: 63

Format: PDF

Price: $295

Support Contact:
Email us at support@kentleyinsights.com
Call us at 1-800-613-3611

Related Reports:
Other Machinery Industrial Manufacturing Market Research Reports
Agriculture, Construction, and Mining Machinery Manufacturing
Agricultural Implement Manufacturing
Farm Machinery and Equipment Manufacturing

Industry Jobs Analyzed


Miscellaneous Assemblers and Fabricators
Machinists
Welding, Soldering, and Brazing Workers
Mechanical Engineers
First-Line Supervisors of Production and Operating Workers
Computer Control Programmers and Operators
Machine Tool Cutting Setters, Operators, and Tenders, Metal and Plastic
Sales Representatives, Wholesale and Manufacturing
Inspectors, Testers, Sorters, Samplers, and Weighers
Electrical, Electronics, and Electromechanical Assemblers
Laborers and Material Movers, Hand
Industrial Engineers, Including Health and Safety
Industrial Machinery Installation, Repair, and Maintenance Workers
General and Operations Managers
Engineering Technicians, Except Drafters
Tool and Die Makers
Shipping, Receiving, and Traffic Clerks
Miscellaneous Production Workers
Industrial Production Managers
Office Clerks, General

Material Cost Categories


Materials, ingredients, containers, and supplies, nsk
Cost of all other materials and components, parts, containers, and supplies consumed
Misc. fabricated metal products (excluding hardware, containers, screw machine, bearing components, castings, forgings, and wire)
Steel bars (including concrete reinforcing bars), bar shapes, and plate (excluding castings, forgings, and fabricated)
Steel sheet, steel strip, and tin mill products
Fluid power pumps, motors, and hydrostatic transmissions (hydraulic and penumatic), including parts
Iron and steel castings
Misc. iron, steel, and ferroalloy ingot, shapes, and forms (excluding castings, forgings, bars, structural, wire, sheet, strip)
Other engine equipment (including turbochargers, injection fuel pumps, machined engine blocks, etc.)
Electric motors, generators, and parts
Plastics products (including packaging, foam products, film, sheet, rod, tube, fabricated shapes, bottles, etc.)
Gas engines (excluding aircraft, automobile, and marine); diesel, semidiesel; and piston-type natural gas engines, and parts
Farm machinery and equipment
Air-conditioning and warm air heating equipment and commercial and industrial refrigeration equipment
Steel structural shapes and sheet piling (excluding castings, forgings, and fabricated metal products)
Motor vehicle gasoline engines and engine parts
Semiconductors, including transistors, diodes, rectifiers, and integrated circuits for electronic circuitry, and related devices
Packaging machinery, including parts and accessories
Aluminum and aluminum-base alloy castings
Mechanical speed changers, gears, and industrial high-speed drives

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