Definition
Machining is an activity that involves the use of power-driven machine tools to drill, shape or manufacture metal products. A Machine shop is established to conduct the machining of metal parts on a job or order basis. Generally, machine shop jobs are low in volume and involve the use of machine tools such as a lathe (including computer numerically controlled), milling machines, automatic screw machines and grinding tools. The services offered by machine shops include surface grinding, chrome plating, heat treating, laser polishing, milling, boring and turning. Furthermore, machine shops inspect products for wear, corrosion, erosion, stress and other flaws.

IBISWorld research reports contain trend analysis, statistics, market size information, industry growth rates as well as market share of competitors.

Major market segments are identified and also those forces affecting demand and supply within the industry. Performance analysis includes emerging industry trends as well as recent results and performance of each key company. Drawing on the depth of information IBISWorld also provides 5 year forecasts for each industry.

Each comprehensive study also examines details such as the barriers to entry, operating cost structure, technology & systems and domestic & international markets. Tables and statistics include: Industry revenue, exports, imports, wages and number of companies in the industry, Industry growth and geographic regional data.

Each comprehensive study also examines details such as the barriers to entry, operating cost structure (including averages), technology & systems and domestic & international markets. Tables and statistics include: Industry revenue, exports, imports, wages and number of companies in the industry, Industry growth and geographic location.