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Metalworking Machinery Manufacturing in Minnesota

Author.Name IBISWorld United States Last Updated: August 2025 NAICS MN33351

Metalworking Machinery Manufacturing in Minnesota industry analysis

The Metalworking Machinery Manufacturing industry in Minnesota is expected to decline an annualized -x% to $x.x billion over the five years to 2025, while the national industry will likely decline at -x.x% during the same period. Industry establishments decreased an annualized -x.x% to xxx locations. Industry employment has decreased an annualized -x.x% to x,xxx workers, while industry wages have decreased an annualized -x.x% to $x.x million.

Over the five years to 2030, the industry is expected to grow an annualized x.x% to $x.x billion, while the national industry is expected to grow x.x%. Industry establishments are forecast to grow x.x% to xxx locations. Industry employment is expected to increase an annualized x.x% to x,xxx workers, while industry wages are forecast to increase x% to $x.x million.

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About the Metalworking Machinery Manufacturing in Minnesota Market Research Report

What’s Included in the Metalworking Machinery Manufacturing in Minnesota Market Research Report

Definition of the Metalworking Machinery Manufacturing in Minnesota?

Companies in this industry primarily manufacture power-operated tools that are used for finishing or shaping metal parts, which are then used to manufacture other machines. Industry products include wire drawing and fabricating machines, metal cutting tools, special dies and coil handling equipment. This industry excludes companies that primarily manufacture power tools and other general-purpose machinery accessories (see IBISWorld report 33399).

What’s included in the Metalworking Machinery Manufacturing in Minnesota?

The Metalworking Machinery Manufacturing in Minnesota includes special tools, dies, jigs and fixtures, metal-cutting and machine-forming machinery, industrial molds, cutting tool and machine tool accessories and rolling mill machinery and other products. Related terms covered in the Metalworking Machinery Manufacturing in Minnesota industry report includes the use of computer technology for the design of real and virtual objects, a machine used for shaping a piece of material, such as wood or metal, by rotating it rapidly along its axis while pressing a fixed cutting or abrading tool against it and a custom-made tool used to control the location and/or movement of another tool.

Industry Performance of the Metalworking Machinery Manufacturing industry in Minnesota

Benchmark the Metalworking Machinery Manufacturing in Minnesota industry performance with all MN county and national performance.

Metalworking Machinery Manufacturing in Minnesota

#8 in Highest Revenue 3.2% of state's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Metalworking Machinery Manufacturing in the US


Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

For the full list of industry drivers, see report purchase options.

Key Drivers of the Metalworking Machinery Manufacturing industry in Minnesota

See how key industry drivers, such as population, private investment in non-residential construction, gross state product, industrial production index, private investment in metalworking machinery and trade-weighted index are impacting Metalworking Machinery Manufacturing in Minnesota

Minnesota Economic Indicators

Population
Private Investment in Non-Residential Construction
Gross State Product

View more economic information in MN State Economic profile

US Key External Drivers

Industrial production index
Private investment in metalworking machinery
Trade-weighted index

For the full list of industry drivers, see report purchase options.

County Data of the Metalworking Machinery Manufacturing industry in Minnesota

Access proprietary data on county in the Metalworking Machinery Manufacturing in Minnesota, such as Hennepin County, Anoka County and Washington County. Data includes figures on revenue, establishments, employees and wages by counties.

Key Statistics of the Metalworking Machinery Manufacturing industry in Minnesota

Download 18 years of historical data and 5 years of projected performance.

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Top Questions Answered in this Report

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What is the market size of the Metalworking Machinery Manufacturing industry in Minnesota in 2025?

The market size of the Metalworking Machinery Manufacturing industry in Minnesota is $1.1bn in 2025.

How many businesses are there in the Metalworking Machinery Manufacturing industry in Minnesota in 2025?

There are 269 businesses in the Metalworking Machinery Manufacturing industry in Minnesota, which has been declining at an average annual rate of -1.6% from 2020 to 2025.

Has the Metalworking Machinery Manufacturing industry in Minnesota grown or declined over the past 5 years?

The market size of the Metalworking Machinery Manufacturing industry in Minnesota has been declining at an average annual rate of -1.0% from 2020 to 2025.

How many employees in the Metalworking Machinery Manufacturing industry in Minnesota in 2025?

There are 4,380 employees in the Metalworking Machinery Manufacturing industry in Minnesota, which has been declining at an average annual rate of -2.1% from 2020 to 2025.