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Top 10 Metalworking Machinery Manufacturers

Posted by IndustrySelect on Wednesday, November 29, 2023

Top 10 Metalworking Machinery Manufacturers in the U.S.A.

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The metalworking machinery industry is one of the most vital and innovative sectors in the manufacturing economy. It produces a wide range of equipment, tools, and systems for cutting, shaping, forming, and joining metals. These products are used by various industries, such as automotive, aerospace, construction, energy, and defense.

The industry has faced many challenge in the past several years due to the COVID-19 pandemic, supply chain disruptions, and labor shortages. Despite these difficulties, the industry has shown resilience and growth, as demand for new equipment has increased both domestically and globally.

 According to the latest forecasts, the metalworking machinery industry is expected to see significant growth in the coming years. Here are some key projections for 2024:

  • U.S. Market Revenue: The revenue of the metalworking machinery manufacturing industry in the U.S. is projected to amount to approximately $33.853 billion by 2024.
  • Market Trends: The U.S. metalworking economy, although previously robust, has softened in recent months. However, the overall outlook remains strong. Even a possible 2023 recession does not appear to be an obstacle to continued growth over the next few years. According to Pat McGibbon, chief knowledge officer of AMT – The Association for Manufacturing Technology, "Next year we will be down in the first half and likely see modest improvement in the second half of 23 through most of 2024."
  • Sheet Metal Fabrication Services: Aided by the deployment of cobots (collaborative robots) in metal manufacturing facilities, the market is expected to witness a moderate growth in the forecast period of 2024-2032, growing at a CAGR of 2%.

These projections indicate a promising future for the metalworking machinery industry, with opportunities for innovation and expansion. In this blog post, we will explore the top 10 metalworking machinery manufacturers in the US and explore some exclusive statistics, gathered directly from the nation's metalworking machinery manufacturers by MNI.

Vital U.S. Metalworking Machinery Statistics

The 80 researchers at MNI, compiler of the industrial information that powers IndustrySelect, gather reliable and comprehensive data on industries across the United States. Data developed by this team shows 6,910 companies manufacturing metalworking machinery and equipment. These companies provide 203,629 jobs in 2023, a roughly one percent increase over 2022. 

Further Reading: Key Facts on the U.S Industrial Machinery Manufacturing Sector

If you want to do business with metalworking machinery and equipment manufacturers, you will find 53% of the companies in the Midwest. The South provides a home to 17%, the Northeast to 19%, and the West to 11%. The top 10 metalworking machinery manufacturers offer many opportunities for sales relating to the military and electric industries, among others. The following list will provide a quick snapshot of the capabilities and interests of these companies.

The Top 10 Metalworking Machinery Manufacturers

Top CompaniesCityState Number of Employees
Naval Surface Warfare Center, Crane Div.CraneIN5,000
The Lincoln Electric Co.ClevelandOH3,350
The Lincoln Electric Co., Electrode Div.MentorOH3,000
The Lincoln Electric Co.ClevelandOH2,500
STIHL, Inc.Virginia BeachVA1,900
Miller Electric Manufacturing, LLCAppletonWI1,800
Oregon Tool, Inc.PortlandOR1,100
US Synthetic Corp.OremUT1,000
Plastek Industries, Inc.EriePA950
Meyer Tool, Inc.CincinnatiOH900

About the Top 10 Metalworking Machinery Manufacturers

1. The Naval Surface Warfare Center, Crane Division, provides 5,000 jobs in Crane, Indiana. This company specializes in naval prototypes, electronic systems, and special warfare weapons. The installation contains a state-of-the-art testing facility. The company uses this facility to avoid environmental impact while testing high-energy batteries and other devices, while also maintaining academic connections by collaborating with Purdue University.

2. The Lincoln Electric Company is headquartered in Cleveland, Ohio, and employs a staff of 3,350. This facility produces arc welding and cutting equipment as well as personal protective equipment (PPE) and filler metals. The company designs and manufactures parts for heavy fabrication. Lincoln Electric is seeking growth by hiring 75 engineers.

3. The Lincoln Electric Company, Electrode Division, makes its home in Mentor, Ohio, in the heart of the Snow Belt. The 3,000 employees fabricate welding electrodes and wire. The company offers stick electrodes for mild and low steel alloy welding.

4. The additional Lincoln Electric Company location in Cleveland, Ohio, employs a workforce of 2,500. They produce arc welding products and systems, as well as plasma and oxyfuel cutting equipment. These products are used by the following industries: automotive transportation, general fabrication, heavy fabrication, maintenance and repair, offshore, power generation, shipbuilding, and structural industries. Lincoln Electric also provides services to educators.

5. STIHL, Inc., in Virginia Beach, Virginia, has a workforce of 1,900 turning out handheld power equipment. The company's products include grass and hedge trimmers, brush cutters, and leaf blowers. The company was incorporated in 1974, utilizing German engineering expertise dating back to 1926. STIHL's distribution network reaches across the continental United States and exports to more than 90 countries.

6. Miller Electric Manufacturing, LLC, in Appleton, Wisconsin, puts 1,800 people to work manufacturing a full range of welding equipment, including arc welding. The company also manufactures cutting and heating equipment. Many of those products are utilized by oil and gas and power-generating industries. Miller works closely with its sister company, Hobart Brothers, to offer complete welding solutions. The company provides educational materials regarding welding.

7. Oregon Tool, Inc., in Portland, Oregon, employs 1,100 workers to staff its corporate headquarters and produce products. Types of merchandise include saw chains and accessories, log splitters, and farm equipment. The company also makes attachments and parts for the forestry, lawn and garden, agricultural, and construction markets. The company believes strongly in global stewardship.

8. U.S. Synthetic Corp., in Orem, Utah, employs a crew of 1,000 to utilize polycrystalline diamonds in a wide array of products. Offerings include downhole drilling tools, cutter bill inserts, rock bit inserts, and hammer bit inserts. The company is ISO 9000 certified.

9. Plastek Industries, Inc., in Erie, Pennsylvania, has a 950-employee installation serving as corporate headquarters and a manufacturing facility for plastic injection molds, connectors, cosmetic containers, and razor handles. You can find the company's products used in the packaging, personal care, cosmetic, home care, food and beverage, and pharmaceutical industries.

10. Meyer Tool, Inc., in Cincinnati, Ohio, employs 900 at the corporate headquarters and production facility. The company has the capacity for turbine nozzle, laser, and electrical discharge machining (EDM), and it houses a grinding job shop. Aerospace is among the industries served.

How to Reach Metalworking Machinery Manufacturers

Whether you're looking to sell to industrial machinery manufacturers or any other type of industrial business, IndustrySelect can help. 

Each industrial company in IndustrySelect's live database contains up to thirty detailed facts, researched firsthand by MNI. Powerful functions let you search for companies and build & save lists of prospects, generate reports, export data, and more. IndustrySelect data also includes direct contact information for high-profile prospects. Try out a free demo today!

 Editor's Note: This article was originally published in October 2022. It has been updated to reflect the most recent statistics in the industry. 


Related Searches: Metalworking Machinery
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