NAICS 333515 - Cutting Tool and Machine Tool Accessory Manufacturing
This U.S. industry comprises establishments primarily engaged in manufacturing accessories and attachments for metal cutting and metal forming machine tools.
Industry trends:
The Cutting Tool and Machine Tool Accessory Manufacturing industry (NAICS 333515) is experiencing several qualitative trends impacting its landscape. Advanced manufacturing technologies are increasingly adopted, with a notable emphasis on automation and the Industrial Internet of Things (IIoT). These technologies enhance precision and efficiency, leading to improved production capabilities and reduced downtime.
Sustainability is also a rising concern. Manufacturers are focusing on eco-friendly production methods and materials to comply with environmental regulations and meet the demand for greener products. This shift includes the increasing use of recyclable materials and implementing energy-efficient processes.
Customization and specialization are becoming critical as companies seek to cater to specific industry needs. This trend drives innovation in product development and allows manufacturers to offer tailored solutions, enhancing their competitive edge.
Looking forward, the industry anticipates continued growth in digitalization, with smart factories becoming more prevalent. Investments in R&D are expected to rise, fostering advancements in cutting tools and accessories. Additionally, the global supply chain's resilience will be crucial, prompting manufacturers to explore local sourcing and advanced logistics solutions.
This industry is comprised of:
Angle rings (i.e., a machine tool accessory) manufacturing
Arbors (i.e., a machine tool accessory) manufacturing
Bits and knives for metalworking lathes, planers, and shapers manufacturing
Bits, drill, metalworking, manufacturing
Blanks, cutting tool, manufacturing
Broaches (i.e., a machine tool accessory) manufacturing
Cams (i.e., a machine tool accessory) manufacturing
Chasers (i.e., a machine tool accessory) manufacturing
Chucks (i.e., a machine tool accessory) manufacturing
Clamps (i.e., a machine tool accessory) manufacturing
Collars (i.e., a machine tool accessory) manufacturing
Collets (i.e., a machine tool accessory) manufacturing
Counterbores (i.e., a machine tool accessory), metalworking, manufacturing
Countersinks (i.e., a machine tool accessory) manufacturing
Cutters, metal milling, manufacturing
Dies and taps (i.e., a machine tool accessory) manufacturing
Drill bits, metalworking, manufacturing
Files (i.e., a machine tool accessory) manufacturing
Hobs (i.e., metal gear cutting tool) manufacturing
Honing heads (i.e., a machine tool accessory) manufacturing
Hopper feed devices (i.e., a machine tool accessory) manufacturing
Indexing, rotary tables (i.e., a machine tool accessory) manufacturing
Inserts, cutting tool, manufacturing
Knives and bits for metalworking lathes, planers, and shapers manufacturing
Letter pins (e.g., gauging, measuring) manufacturing
Machine knives, metal cutting, manufacturing
Machine tool attachments and accessories manufacturing
Mandrels (i.e., a machine tool accessory) manufacturing
Measuring attachments (e.g., sine bars) for machine tool manufacturing
Pushers (i.e., a machine tool accessory) manufacturing
Reamers (i.e., a machine tool accessory) manufacturing
Sine bars (i.e., a machine tool accessory) manufacturing
Taps and dies (i.e., a machine tool accessory) manufacturing
Thread cutting dies (i.e., a machine tool accessory) manufacturing
Toolholders (i.e., a machine tool accessory) manufacturing
Tools and accessories for machine tools manufacturing
Tracer and tapering machine tool attachments manufacturing
This report includes the ability to segment your Industry by:
- Region
- Employees
- Net Sales
- Company Age
- Total Assets
- Ownership Type
With iCFO You Get
What Is iCFO?
A review and comparison of financial performance of privately-help companies in specified SIC/NAICS industry segment, using industry standard benchmarks.
Sound Business Analysis
Answers come easily with iCFO. Review ROI, sales per employee, profit margins of the top 10%, top 25% and more, to identify areas of concern and opportunity. Examine what if scenarios and P&L impact of reducing costs or adding revenue.
Your Business’ Health In Minutes
It takes only five minutes to enter your data and produce a concise profile of your company’s fiscal state, including critical business ratios focusing on liquidity, profitability, asset efficiency, and growth.