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IndustryNet Blog

U.S. machine shops report uptick in growth

Posted by IndustryNet on Wednesday, November 29, 2017

Machine shop industry outlookA machine shop is a tinkerer's paradise. Stocked with lathes, drill presses, grinders and other types of machines, a machine shop is a fully-functional business capable of creating, replicating and repairing parts, usually metal.

On a much smaller scale, a machine shop is a hobbyist's dream-come-true, granting the ability to work on anything from motor bikes to decorative home items.

IndustryNet has compiled statistical information analyzing machine shops in the U.S. to gain perspective on current sector trends and compare company performance across a spectrum of data points.

This article will explore current trends in the sector, industry performance and finally regional differences in machine shops in the United States.

Sales, job growth at U.S. machine shops

With a solid year of expansion in the manufacturing industry, machine shops are thriving. A recent ISM Manufacturing Report notes that the industry has experienced increases in new orders, pricing, production, employment and exports. Precision machining, in particular, expanded its sales at twice the rate of the manufacturing industry as a whole, with industry sales topping $6 billion per year.

In its most recent analysis, IndustryNet tracked 184 machine shops nationwide, with 2,780 jobs and over $261 million in annual sales. Job growth in this sector has increased by 0.47 percent over the past year, and sales have inched up 1.3%.

Speaking of growth, machine shops reported three percent sales growth, compared to only one percent sales growth in manufacturing. Interestingly, more machine shops are woman-owned (six percent nationally) than companies in the U.S. manufacturing sector, where only two percent of the companies are woman-owned.

Regional breakdown of U.S. machine shops

Regionally, the East North Central portion of the United States, encompassing the upper Midwest, is a hotbed for machine shops. It houses 34 machine shops, or 18 percent of the nation's total number of machine shops. This region also hosts the highest amount of machine shop employment growth, with 4 shops representing 24 percent of employment growth in U.S. machine shops.

The South Atlantic and West South Central portions of the country contain 27 machine shops each, representing 15 percent of the nation's total machine shop count. However, the two regions could not be more different in terms of employment growth. Eighteen percent of the nation's machine shops reporting increased employment are located in the West South Central, while only 6 percent are located in South Atlantic.

The Middle Atlantic region contains 20 machine shops - 11 percent of all U.S. machine shops - but only 6 percent of the nation's machine shops that reported employment gains are located in this region.100000150machine shopworker2

The Pacific, Mountain, and West North Central regions all tied in the number of machine shops calling these regions home. Each region contains 18 machine shops, or roughly 10 percent of the nation's total number of machine shops. The Mountain and West North Central regions fared equally well, with employment gains reported by 18 percent of national machine shops. The Pacific region saw zero shops increasing in employment.

The East South Central region lays claim to 14 machine shops, or 8 percent of the total national figure, while only 8 machine shops, representing 4 percent of the U.S. total, call the New England region home. However, both regions house machine shops that reported 6 percent of the number of shops nationally that reported employment growth.

For more information on U.S. machine shops

To connect with the hundreds of U.S. machine shops listed on Industry, as well as hundreds of thousands of other United States manufacturers and industrial suppliers, visit IndustryNet. IndustryNet is a one-stop resource for all of your industrial supply needs, providing information on 400,000 United States manufacturers as well as suppliers of 10,000+ industrial products and services.

Whether you're looking for machine shops near you or ready to request a quote, IndustryNet is your go-to free industrial resource. Build a list of suppliers in your area, get a quote, contact a company directly, connect on social media, download catalogs, and more, all in one place. 

Read more:
Sheet metal fabrication suppliers in the U.S. report strong growth
Your go-to guide for finding the right laser cutting services for your next project
U.S. tool & die makers report strong sales, job growth

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