Browse by Editorial Category
Browse by Edition Date

December 2017

Skip Navigation Links.
Expand Applying TechnologyApplying Technology
Expand Automation Equip and SystemsAutomation Equip and Systems
Expand ControlsControls
Collapse General EditorialsGeneral Editorials
Yougar YGS Moving Head Series CNC EDM Drilling Machines
Adams Brothers, Inc. Earns Eriez 2016 Merwin Sales Award
August USMTO Orders Push Recovery into Seventh Month
Beckwood Press Company Announces Corporate Headquarters Relocation
Plant-by-Plant Interactive Map Shows Reach of Clean Vehicle Manufacturing
Cass Screw Machine Products Rebrands as Cass Precision Machining
CERATIZIT S.A. Acquires KOMET GROUP GmbH
CGI Motion Expands Shaping Technology with Koepfer America
Cimquest's Expansion
Coldwater Machine Company Joins Robotic Industries Association
Creform Hosts Ribbon Cutting Ceremony and Grand Opening of Its New Tech Center
U.S. Cutting Tool 2017 YTD Consumption up 7.7% in August
EBTEC Corporation Acquires Three LASERDYNE Laser Machining Systems
Esys Automation Receives Supplier Recognition Award from Fiat Chrysler Automobiles
Pneumatic Chucks Feature Patented Air-Feed System
Gorbel Inc. Celebrates 40 Years of Manufacturing
750 °F Three-Zone Conveyor Oven
Hino Makes Investment to Expand U.S. Operations
High Energy CT Inspection Service
Developing Tomorrow's Engineering and Technical Workforce Act
Michigan's Governor Visits FANUC's North American HQ
Miro Manufacturing Expands, Invests in Servo Press Technology
Mitutoyo America Corporation Donates Metrology Tools to NIU Students
Machine Tool Specialties Appointed Tornos Distributor
Newly Engineered High-Speed Gantry Loader Boosts Productivity
New England Electropolishing Increases Capacity
Manufacturer Obtains Agency Ratings, Certifications for Cleaning Unit
Okuma Winter Showcase Features High-Precision 5-Axis Machining Solutions
Metric-Sized Metal Shapes and Parts for Aerospace
New PEMA Sales Office Opened in U.S.
PRAB Renews Green Wastewater Treatment Systems Partnership
United States Steel Corporation, Kobe Steel Invest in AHSS Capabilities
Robotic Industries Association Announces New Alliance with OSHA, NIOSH
Rockford Systems and The Master Lock Company Form Partnership
Expanded Disc Mill Cutter Range
Solar Atmospheres Expands Boeing Scope of Approval at Greenville, SC, Facility
Solar Atmospheres Greenville, SC, Facility is Nadcap Approved for Furnace Brazing
Space Coast Machinist Apprenticeship Program
Stratasys Joins Forces with Non-Profit Workshops for Warriors
Superior Tool Service Announces Office Relocation, Expansion
TRUMPF Opens Smart Factory in Chicago
Tsugami/Rem Sales to Host 2nd Annual West Coast Open House
Unison Ltd. Establishes New Factory in Virginia
United Performance Metals Adds 6 kW Fiber Laser
New Software Offers Universal CMM Compatibility
Close Pitch Finishing Cutter for Cast Iron Machining
Expand Literature-Web TutorialsLiterature-Web Tutorials
Expand Metalforming-Fabricating-WaterjetMetalforming-Fabricating-Waterjet
Expand People In The NewsPeople In The News

show all editions →

Click here to watch Tutorial Videos >

U.S. Cutting Tool 2017 YTD Consumption up 7.7% in August



August U.S. cutting tool consumption totaled $196.23 million according to the U.S. Cutting Tool Institute (USCTI) and AMT - The Association For Manufacturing Technology. This total, as reported by companies participating in the Cutting Tool Market Report (CTMR) collaboration, was up 14.8% from July's $170.95 million and up 11.6% when compared with the total of $175.81 million reported for August 2016. With a year-to-date total of $1.462 billion, 2017 is up 7.7% when compared with 2016.

"The U.S. cutting tool market continues to benefit from a growing domestic economy," said Steve Stokey, President of USCTI. "2017 to 2016 comparisons are all positive. Current indicators such as the PMI, industrial production and consumer confidence point to continued positive growth for the industry as we move into 2018."

"Cutting tool orders continued their strong growth in August as the month-over-month increase was in double digits for the third time in four months," said Steve Kline Jr., Director of Market Intelligence at Gardner Business Media. "Cutting tool orders are right in line with what I would expect given the strong performance of the GBI Metalworking Index in 2017. For almost the entire year, the index has been higher than at any time in the last five years. As the index leads cutting tool orders by about six months, I expect strong growth in cutting tool orders well into 2018."

The Cutting Tool Market Report is jointly compiled by AMT and USCTI, two trade associations representing the development, production and distribution of cutting tool technology and products. It provides a monthly statement on U.S. manufacturers' consumption of the primary consumable in the manufacturing process - the cutting tool. Analysis of cutting tool consumption is a leading indicator of both upturns and downturns in U.S. manufacturing activity, as it is a true measure of actual production levels.

Historical data for the Cutting Tool Market Report is available dating back to January 2012. This collaboration of AMT and USCTI is the first step in the two associations working together to promote and support U.S.-based manufacturers of cutting tool technology.

These numbers and all data in this report are based on the totals reported by the companies participating in the CTMR program. The totals here represent the majority of the U.S. market for cutting tools.

For more information contact:

USCTI

1300 Sumner Ave.

Cleveland, OH 44115-2851

216-241-7333

uscti@uscti.com

www.uscti.com

AMT

7901 Jones Branch Drive

Suite 900

McLean, VA 22102

703-893-2900

www.AMTonline.org

< back

Email   email