The market is dominated by domestic suppliers, as imports account for 25.0% of total market size in 2023. B2B drives market demand, with B2B spending representing 97.0% of total demand in 2023. The US has the second largest market size for machinery for metallurgy across the top 20 developed countries, with demand reaching USD5.2 billion in 2023. SMS Siemag LLC is the largest company in the US, generating 3.0% of the industry’s total production value in 2023. The industry is fragmented, with the top four companies generating 7.0% of total production value in 2023. The total number of companies increases in 2023, to 247 units. The costs of the industry increase by 2.6% in 2023, largely driven by rising B2B costs. The industry’s profitability increases and stands at 5.4% of production value in 2023, the 14th highest across the top 20 developed countries. The industry’s exports share increases in 2023 to 8.5% of total production output. With production value of USD4.3 billion, the US accounts for 46.4% of the North America total in 2023.
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This Euromonitor industrial report provides unique information on Machinery for Metallurgy in the US: ISIC 2923. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Machinery for Metallurgy in the US: ISIC 2923 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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