SIC 3541 - Machine Tools, Metal Cutting Types
Establishments primarily engaged in manufacturing metal cutting type machine tools, not supported in the hands of an operator when in use, that shape metal by cutting or use of electrical techniques; the rebuilding of such machine tools, and the manufacture of replacement parts for them. Also included in this industry are metalworking machine tools designed primarily for home workshops. Establishments primarily engaged in the manufacture of electric and gas welding and soldering equipment are classified in Industry 3548, and those manufacturing portable power-driven handtools are classified in Industry 3546.
Industry trends:
As of the latest industry insights, the Machine Tools, Metal Cutting Types sector (NAICS 3541) is experiencing several qualitative trends. One significant trend is the increased adoption of automation and robotics. Manufacturers are integrating more automated systems and robotic technology to enhance precision, reduce labor costs, and increase production speeds. This shift aims to address the growing demand for high-quality, customized metal parts while compensating for the shortage of skilled labor.
Another trend is the rise of additive manufacturing technologies, such as 3D printing, which complement traditional metal cutting processes. This hybrid approach allows manufacturers to produce complex parts with reduced material waste and lead times. Additionally, there is a growing emphasis on sustainability, prompting companies to adopt greener practices, such as using more energy-efficient machines and recycling metal waste.
Digital transformation is also reshaping the industry. Companies are increasingly utilizing advanced data analytics, IoT (Internet of Things), and AI (Artificial Intelligence) to optimize machine performance, predict maintenance needs, and improve overall operational efficiency.
Forecasts for the near future suggest that these trends will continue to evolve. Automation and robotics are expected to become more sophisticated and widely adopted. The integration of AI and machine learning into metal cutting tools will further enhance precision and productivity. Additive manufacturing will increasingly complement traditional processes, leading to more innovative manufacturing solutions. Overall, the industry's focus on efficiency, customization, and sustainability will drive continued advancements and growth.
This industry is comprised of:
Automatic chucking machines
Boring machine tools, metalworking
Boring mills
Boring, drilling, and milling machine combinations
Broaching machines
Brushing machines (metalworking machinery)
Buffing and polishing machines (machine tools)
Burnishing machines (machine tools)
Centering machines
Chemical milling machines
Countersinking machines
Cutoff machines (metalworking machinery)
Cutting machines, pipe (machine tools)
Cylinder reboring machines
Deburring machines
Diesinking machines
Drill presses (machine tools)
Drilling machine tools (metal cutting)
Duplicator, machine tools
Electrical discharge erosion machines
Electrical discharge grinding machines
Electrochemical milling machines
Electrolytic metal cutting machine tools
Electron-discharge metal cutting machine tools
Facing machines
Filing machines, metal (machine tools)
Flange facing machines
Gear chamfering machines (machine tools)
Gear cutting and finishing machines
Gear tooth grinding machines (machine tools)
Grinding machines, metalworking
Grooving machines (machine tools)
Home workshop machine tools, metalworking
Honing and lapping machines
Jig boring machines
Jig grinding machines
Keyseating machines (machine tools)
Lapping machines
Lathes, metal cutting
Machine tool replacement and repair parts, metal cutting types
Machine tools, metal cutting: e.g., exotic, chemical, explosive
Metal polishing lathes
Milling machines (machine tools)
Pipe cutting and threading machines (machine tools)
Planers, metal cutting
Plasma process metal cutting machines, except welding machines
Pointing, chamfering, and burring machines
Polishing machines (machine tools)
Reaming machines
Rebuilt machine tools, metal cutting types
Regrinding machines, crankshaft
Rifle working machines (machine tools)
Robots for drilling and cutting-machine type, metalworking
Robots for grinding, polishing, and deburring-metalworking
Sewing and cutoff machines (metalworking machinery)
Saws, power: metal cutting
Screw and nut slotting machines
Screw machines, automatic
Shapers and slotters, metal cutting
Shaving machines (metalworking)
Slotting machines (machine tools)
Tapping machines
Threading machines (machine tools)
Turning machines (lathes)
Turret lathes, metal cutting
Ultrasonic assisted grinding machines (metalworking)
Ultrasonic metal cutting machine tools
Valve grinding machines
Vertical turning and boring machines (metalworking)
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- Employees
- Net Sales
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- Total Assets
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