CUTTING TOOLS AND OTHER MACHINE TOOL ATTACHMENTS AND ACCESSORIES: 2004/2005 MARKET OUTLOOK

This publication has been discontinued on July 19, 2011.

Introduction

This special report analyzes current and projected demand for cutting tools, attachments, and accessories for machine tools. Topics covered include sales performance, pricing dynamics, industry structure, foreign trade activity, and profiles of key end-use markets (automotive, aircraft, construction machinery, and other heavy equipment manufacturing; machine shops; etc.). The report also includes up-to-date info on the leading manufacturers.

TABLE OF CONTENTS

CHAPTER I: EXECUTIVE OVERVIEW

• Market Performance 1
• Producer Prices 2
• Industry Economics 2
• Foreign Trade 3
• Machine Tool Consumption 3
• End-Use Markets 4

CHAPTER II: THE U.S. MARKET FOR CUTTING TOOLS AND OTHER MACHINE TOOL ATTACHMENTS AND ACCESSORIES

• U.S. Manufacturers' Sales 5
• Overall Market 5
• Major Product Categories 6
• Detailed Product Types 9
• Technology 15
• The Economy and Its Effect on Demand 16

CHAPTER III: PRODUCER PRICE TRENDS

• The Impact of Raw Materials on Pricing 19
• Producer Price Trends 20
• Small Cutting Tools 20
• Twist Drills and Related Products 21
• End Mills and Milling Cutters 23
• Threading Tools 23
• Dies 24
• Reamers 25
• Special Tooling and Attachments 26

CHAPTER IV: STRUCTURAL ANALYSIS OF THE INDUSTRY

• Industry Sales 28
• Payroll Costs, Material Costs, and Gross Margins 29
• Employment Structure 29
• Consolidation 41
• Number of Establishments 43

CHAPTER IV: STRUCTURAL ANALYSIS OF THE INDUSTRY (cont'd.)

• The Plant Manager's Workbook 46
• How to Use This Section 46
• Gathering Your Data 47
• Developing Your Ratios 48
• How Does Your Plant Stack Up? 49
• Explanation of Terms 54

CHAPTER V: FOREIGN TRADE

• Overview 60
• U.S. Exports 62
• U.S. Imports 68

CHAPTER VI: THE U.S. MARKET FOR MACHINE TOOLS

• U.S. Manufacturers' Sales 74
• Worldwide Machine Tool Consumption 77
• Industry Structure 79

CHAPTER VII: THE U.S. AUTOMOTIVE INDUSTRY

• Consumer Expenditures 84
• U.S. Motor Vehicle Production 88
• Nonunion Production Increases 91
• Retail Sales 92
• Hybrids Gain Recognition 95

CHAPTER VIII: THE U.S. MARKET FOR AIRCRAFT, SPACE VEHICLES, MISSILES, AND PARTS

• U.S. Manufacturers' Sales 97
• Shortage of Engineers Predicted for the Future 104
• Boeing and Finmeccanica Sign Cooperative Agreement 105

CHAPTER IX: MACHINE SHOPS

• Overview 106
• Capital Spending 107
• Number of Establishments 108

CHAPTER X: THE U.S. MARKET FOR CONSTRUCTION, AGRICULTURAL, MINING, AND OIL AND GAS FIELD MACHINERY AND EQUIPMENT

• Overview 113
• Construction Machinery and Equipment Manufacturing 115
• Farm Machinery and Equipment Manufacturing 121
• Sales Performance 121
• The Farm Security and Rural Investment Act 123
• Lawn, Garden, and Snow Equipment Manufacturing 124
• Sales Performance 124
• Environmental and Safety Issues 127
• Mining Machinery and Equipment Manufacturing 128
• Sales Performance 128
• E-Commerce and Computerization 131
• Oil and Gas Field Machinery and Equipment Manufacturing 132

CHAPTER XI: COMPANY PROFILES

• Introduction 139
• Company Profiles 143
• The 600 Group PLC 143
• Overview 143
• Operating Segments 144
• Accuromm USA Inc. 144
• Overview 145
• Products 145
• Alvord-Polk, Inc. 146
• DoALL Company 147
• Fullerton Tool Company Inc. 148
• Ingersoll International Inc. 148
• Kennametal Inc. 149
• Overview 149
• Business Segments 150
• International Operations 151
• Marketing and Distribution 151
• Properties and Employees 152
• Corporate News 152
• MSC Industrial Direct Co., Inc. 153
• Overview 154
• Products 154
• Customers 154
• Precision Twist Drill Company 155
• Overview 155
• Products 155
• Sandvik AB Acquires North American Tool Company Valenite 156

CHAPTER XI: COMPANY PROFILES (cont'd.)

• Company Profiles (cont'd.)
• Reynolds Machine and Tool Corporation 157
• Tivoly S.A. 157
• Overview 157
• Tivoly Inc. 158
• Union Tool Co. 158

LIST OF TABLES

• Table II-1 U.S. Manufacturers' Sales of Cutting Tools and Other Machine Tool Attachments and Accessories 6
• Table II-2 U.S. Manufacturers' Sales of Cutting Tools and Other Machine Tool Attachments and Accessories, by Major Product Category 8
• Table II-3 Product Mix of U.S. Manufacturers' Sales of Cutting Tools and Other Machine Tool Attachments and Accessories, by Major Product Category 8
• Table II-4 U.S. Manufacturers' Sales of Threading Tools for the Machine Tool and Metalworking Industry, by Type 11
• Table II-5 U.S. Manufacturers' Sales of End Mills and Milling Cutters for the Machine Tool and Metalworking Industry, by Type 12
• Table II-6 U.S. Manufacturers' Sales of Carbon Steel and High-Speed Steel Shank Twist Drills for the Machine Tool and Metalworking Industry, by Type 12
• Table II-7 U.S. Manufacturers' Sales of Twist Drills, Gun Drills, Combined Drills, Countersinks, and Counterbores for the Machine Tool and Metalworking Industry, by Type 13
• Table II-8 U.S. Manufacturers' Sales of Other Small Cutting Tools for the Machine Tool and Metalworking Industry, by Type 13
• Table II-9 U.S. Manufacturers' Sales of Other Attachments and Accessories for the Machine Tool and Metalworking Industry, by Type 14
• Table II-10 U.S. Manufacturers' Sales of Other Cutting Tools for the Machine Tool and Metalworking Industry, Not Elsewhere Classified, by Type 15
• Table III-1 Producer Price Index for Small Cutting Tools for Machine Tools and Metalworking Machinery 21
• Table III-2 Producer Price Index for Twist Drills, Gun Drills, Combined Drills, Countersinks, and Counterbores 22
• Table III-3 Producer Price Index for Carbon Steel and High-Speed Steel Shank Twist Drills 22
• Table III-4 Producer Price Index for End Mills and Milling Cutters 23
• Table III-5 Producer Price Index for Threading Tools 24
• Table III-6 Producer Price Index for Dies with Two or More Thread-Forming Edges Integral with the Body 25
• Table III-7 Producer Price Index for Reamers, Excluding Gun Reamers 26
• Table III-8 Producer Price Index for Special Tooling and Attachments for Screw and Automatic Machines 27
• Table IV-1 Operating Structure of the U.S. Cutting Tool and Other Machine
• Tool Attachments and Accessories Industry 30
• Table IV-2 Gross Operating Margin in the U.S. Cutting Tool and Other Machine Tool Attachments and Accessories Industry 31
• Table IV-3 Value Added by Manufacture in the U.S. Cutting Tool and Other Machine Tool Attachments and Accessories Industry 31
• Table IV-4 Vertical Integration Index for the U.S. Cutting Tool and Other Machine Tool Attachments and Accessories Industry 32
• Table IV-5 Employment Structure of the U.S. Cutting Tool and Other Machine Tool Attachments and Accessories Industry 33
• Table IV-6 Total Labor Costs in the U.S. Cutting Tool and Other Machine Tool Attachments and Accessories Industry 34
• Table IV-7 Average Hourly Earnings of Production Workers in the U.S. Cutting Tool and Other Machine Tool Attachments and Accessories Industry 35
• Table IV-8 Cost of Living Index for Production Workers in the U.S. Cutting Tool and Other Machine Tool Attachments and Accessories Industry 36
• Table IV-9 Labor Productivity in the U.S. Cutting Tool and Other Machine Tool Attachments and Accessories Industry 37
• Table IV-10 Indexes of Real Labor Productivity in the U.S. Cutting Tool and Other Machine Tool Attachments and Accessories Industry 38
• Table IV-11 New Capital Expenditures by the U.S. Cutting Tool and Other Machine Tool Attachments and Accessories Industry 39
• Table IV-12 Plant vs. Equipment Expenditures by the U.S. Cutting Tool and Other Machine Tool Attachments and Accessories Industry 40
• Table IV-13 Ending Inventories in the U.S. Cutting Tool and Other Machine Tool Attachments and Accessories Industry 41
• Table IV-14 Number of Establishments in the U.S. Cutting Tool and Other Machine Tool Attachments and Accessories Industry, by Employment Size and by State 44
• Table V-1 U.S. Apparent Consumption of Cutting Tools and Other Machine Tool Attachments and Accessories 62
• Table V-2 U.S. Balance of Trade for Cutting Tools and Other Machine Tool Attachments and Accessories 62
• Table V-3 Top 20 U.S. Export Destinations for Cutting Tools and Other Machine Tool Attachments and Accessories 64
• Table V-4 U.S. Exports of Cutting Tools and Other Machine Tool Attachments and Accessories, by Type 65
• Table V-5 Top 20 U.S. Import Sources for Cutting Tools and Other Machine Tool Attachments and Accessories 69
• Table V-6 U.S. Imports of Cutting Tools and Other Machine Tool Attachments and Accessories, by Type 70
• Table VI-1 U.S. Manufacturers' Sales of Machine Tools 76
• Table VI-2 Product Mix of U.S. Manufacturers' Sales: Metal-Cutting vs. Metal-Forming Machine Tools 77
• Table VI-3 Machine Tool Consumption, by Country 78
• Table VI-4 Number of Employees, Annual Payroll, and Number of Establishments in the U.S. Metal-Cutting Machine Tool Industry, by State 80
• Table VI-5 Number of Employees, Annual Payroll, and Number of Establishments in the U.S. Metal-Forming Machine Tool Industry, by State 82
• Table VII-1 Personal Consumption Expenditures for User-Operated Transportation, by Type 86
• Table VII-2 Average Annual Consumer Expenditures on Vehicle Maintenance and Repairs, by Region 87
• Table VII-3 Average Annual Consumer Expenditures on Vehicle Maintenance and Repairs, by Income Before Taxes 87
• Table VII-4 U.S. Motor Vehicle Production 90
• Table VII-5 U.S. Motor Vehicle Production, by Type 91
• Table VII-6 U.S. Retail Sales of Passenger Cars, Domestic vs. Imported 94
• Table VII-7 U.S. Retail Sales of Trucks, Domestic vs. Imported 95
• Table VIII-1 U.S. Manufacturers' Sales of Aircraft, Space Vehicles, Missiles, and Parts 99
• Table VIII-2 Product Mix of U.S. Manufacturers' Sales of Aircraft, Space Vehicles, Missiles, and Parts 100
• Table VIII-3 U.S. Manufacturers' Sales of Aircraft, Aircraft Engines and Engine Parts, and Aircraft Parts and Auxiliary Equipment 101
• Table VIII-4 U.S. Manufacturers' Sales of Aircraft, Aircraft Engines and Engine Parts, and Aircraft Parts and Auxiliary Equipment, by Type 102
• Table VIII-5 U.S. Manufacturers' Sales of Guided Missiles and Space Vehicles 103
• Table VIII-6 U.S. Manufacturers' Sales of Guided Missiles and Space Vehicles, by Type 104
• Table IX-1 U.S. Machine Shop Product Shipments 107
• Table IX-2 Number of Employees, Annual Payroll, and Number of Establishments in the U.S. Machine Shop Industry, by State 109
• Table IX-3 Number of Machine Shops in the U.S., by Employment Size and by State 111
• Table X-1 U.S. Manufacturers' Sales of Construction, Agricultural, Mining, and Oil and Gas Field Machinery and Equipment 114
• Table X-2 U.S. Manufacturers' Sales of Construction, Agricultural, Mining, and Oil and Gas Field Machinery and Equipment, by Major Market Segment 115
• Table X-3 U.S. Manufacturers' Sales of Construction Machinery and Equipment 117
• Table X-4 U.S. Manufacturers' Sales of Construction Machinery and Equipment, by Type 118
• Table X-5 U.S. Manufacturers' Sales of Farm Machinery and Equipment 122
• Table X-6 U.S. Manufacturers' Sales of Farm Machinery and Equipment, by Type 123
• Table X-7 U.S. Manufacturers' Sales of Lawn, Garden, and Snow Equipment 126
• Table X-8 U.S. Manufacturers' Sales of Lawn, Garden, and Snow Equipment, by Type 126
• Table X-9 U.S. Manufacturers' Sales of Mining Machinery and Equipment 129
• Table X-10 U.S. Manufacturers' Sales of Mining Machinery and Equipment, by Type 130
• Table X-11 U.S. Manufacturers' Sales of Oil and Gas Field Machinery and Equipment 134
• Table X-12 U.S. Manufacturers' Sales of Oil and Gas Field Machinery and Equipment, by Type 135
• Table XI-1 Financial Profile of Manufacturers of Cutting Tools, Other Machine Tool Accessories, and Precision Measuring Devices 140
• Table XI-2 Financial Profile of Manufacturers of Cutting Tools, Other Machine Tool Accessories, and Precision Measuring Devices, Sorted by Sales 141
• Table XI-3 Financial Profile of Manufacturers of Cutting Tools, Other Machine Tool Accessories, and Precision Measuring Devices, Sorted by Assets 142

LIST OF FIGURES

• Figure VII-1 Motor Vehicle Production, by Region 8

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