The market is dominated by foreign suppliers, as imports account for 52.9% of total market size in 2023. B2B drives market demand, with B2B spending representing 97.9% of total demand in 2023. The US has the largest market size for machine tools across the top 20 developed countries, with demand reaching USD88.6 billion in 2023. Stanley Black & Decker Inc is the largest company in the US, generating 4.0% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 5.7% of total production value in 2023. The total number of companies increases in 2023, to 4,025 units. The costs of the industry increase by 2.1% in 2023, largely driven by rising labour costs. The industry’s profitability increases and stands at 8.7% of production value in 2023, the 13th highest across the top 20 developed countries. The industry’s exports share increases in 2023 to 16.4% of total production output. With production value of USD37.9 billion, the US accounts for 89.0% of the North America total in 2023.
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This Euromonitor industrial report provides unique information on Machine Tools in the US: ISIC 2922. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Machine Tools in the US: ISIC 2922 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of general purpose machinery and special purpose machinery.
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