Heavy Industry
Machinery Manufacturing - 2023 U.S. Market Research Report with Updated Recession Risk Forecasts
Machinery Manufacturing - 2023 U.S. Market Research Report with Updated Recession Risk Forecasts
Machinery Manufacturing - 2023 U.S. Market Research Report with Updated Recession Risk Forecasts
The 2023 Machinery Manufacturing Market Research Report is one of the most comprehensive and in-depth assessments of the industry in the United States with over 100 data sets covering 2014-2027.
This 63-page Kentley Insights report is packed with insightful data sets and forecasts to give you a comprehensive understanding of the industry including historical and forecasted industry size, growth, product line breakdown, profitability, financial ratios, 31 balance sheet benchmarks, inventory statistics, extensive industry segmentation by concentration, business size, and business structure, market share of top 50 company segments, market size and other statistics by state, plant utilization, BCG matrix, operating expense details on 26 categories, production material cost detail, organizational breakdown, consolidation analysis, employee productivity, inflation, pay bands for the top 20 industry jobs, trend analysis and forecasts on companies, facilities, employees, payroll, and much more.
This report is based on extensive business surveys filled out by companies in the industry. Our analysts create the forecasts utilizing historical data, macroeconomic trends, industry dynamics, and econometrics. Professionals utilize this report for market sizing, benchmarking, strategic planning, due diligence, valuations, cost-cutting, planning, understanding industry dynamics, evaluating opportunities, forecasting, streamlining, gap analysis, and other analyses.
Review the table of contents to see the data-rich insights which leaders depend on for their market research needs.
Industries in the Machinery Manufacturing subsector create end products that apply mechanical force, for example, the application of gears and levers, to perform work. Some important processes for the manufacture of machinery are forging, stamping, bending, forming, and machining that are used to shape individual pieces of metal. Processes, such as welding and assembling are used to join separate parts together. Although these processes are similar to those used in metal fabricating companies, machinery manufacturing is different because it typically employs multiple metal forming processes in manufacturing the various parts of the machine. Moreover, complex assembly operations are an inherent part of the production process.
Below are a few of the thousands of stats from the 2023 Machinery Manufacturing Market Research Report:
INDUSTRY SIZE
In 2022, industry sales were $446 billion
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INDUSTRY GROWTH
Over the past 3 years, the industry has grown at an annual rate of 3.8%
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COMPANY GROWTH
There are 20,506 companies in the industry
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SALES PER FACILITY
In 2022, the average sales per facility was $19.1 million
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PPI & PRICING
2022 PPI growth was 12.1%
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FINANCIAL RATIO BENCHMARKS
Companies average a Fixed Asset Turnover ratio of 2.8Benchmark nine other important financial ratios
PRODUCTIVITY ANALYSIS
In 2022, employee productivity was $416,698
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EXPENSE BENCHMARKING
2.7% of expenses are spent on health insurance
Benchmark against 24 other expense categories
OPERATING EXPENSES
In 2022, industry operating expenses grew 12.1%
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PAYROLL
In 2022, payroll per employee was $68,536
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JOB CATEGORIZATION BENCHMARKS
7.3% of employees in the industry are in management positions
Benchmark against 13 other job categories
JOB CATEGORIZATION PAY RANGES
The average industry hourly pay for office and administrative jobs is $23.89
Purchase now for the bottom 10%, 25%, average, top 75% and 90% pay ranges in 14 job categories
The above highlights represent a small fraction of what you will find in this report.
Purchase the 63-page 2023 U.S. Market Research Report on Machinery Manufacturing now to unlock the insight from one of the most trusted research firms.
NAICS code: 333