NAICS 33271 - Machine Shops
This industry comprises establishments, known as machine shops primarily engaged in machining metal parts 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, and milling.
Industry trends:
NAICS 33271 pertains to machine shops, an industry experiencing significant developments driven by advanced manufacturing technologies and evolving market demands. One of the notable qualitative trends is the increasing adoption of automation and robotics. Companies in this sector are leveraging advanced CNC (Computer Numerical Control) machines and robotic arms to enhance precision, efficiency, and speed, while also reducing labor costs. Another trend is the integration of IoT (Internet of Things) technologies, enabling real-time monitoring and predictive maintenance of machinery, which helps in minimizing downtime and improving productivity.
Furthermore, the push towards sustainable manufacturing practices is gaining traction. Machine shops are increasingly adopting energy-efficient processes and materials to meet regulatory requirements and customer expectations for environmentally-friendly production. Customization and short-run production are becoming more prevalent as industries demand bespoke components, necessitating machine shops to be agile and flexible in their operations.
Looking ahead, the industry is forecasted to see a continued rise in demand for high-precision components, particularly from sectors such as aerospace, automotive, and medical devices. Additionally, the adoption of additive manufacturing, or 3D printing, is expected to complement traditional machining processes, offering new avenues for innovation and complex part fabrication. Overall, machine shops that invest in advanced technologies and sustainable practices are likely to stay competitive and capitalize on these emerging opportunities.
This industry is comprised of:
Chemical milling job shops
Machine shops
This report includes the ability to segment your Industry by:
- Region
- Employees
- Net Sales
- Company Age
- Total Assets
- Ownership Type
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