Browse by Editorial Category
Browse by Edition Date

March 2019

Skip Navigation Links.
Expand Additive ManufacturingAdditive Manufacturing
Expand Applying TechnologyApplying Technology
Collapse Current NewsCurrent News
Industrial Solution Guides Manufacturers Through Digital Transformation
Absolute Machine Tools Showcases Advanced Machining Technology at PMTS 2019
Ace Anodizing Receives Certification and Adds New Cutting Capabilities
APEX Assembly andamp; Fabrication Celebrates 85 Years
Automate 2019 Show and Conference April 8-11
Custom and Standard Process Piping
Check-Mate Industries Expands to Southwest Georgia
Chemcoaters Becomes Parent Company of Eco Green Coatings
CryoPlus Marks 25 Years
U.S. Cutting Tool Consumption Up 13.2 Percent in November
Dallas Industries Delivers Feed Line to Wico Metal Products
Harris Williams Advises Wulftec International Inc. on its Sale to Duravant
Entrust Manufacturing Technologies Launches OEM Production Division
GF Machining Solutions Marks 1000th Connection of Its rConnect Digital Services Platform
New Gosiger Grand Rapids Area Technology Center
GROB Systems Announces New Partnership with CNC PROS
Harvey Performance Acquires Micro 100
Community College Becomes HEIDENHAIN Authorized Training Partner
Helios Announces New Representation of Yunil Machine Tools
Hexagon Acquires Etalon
Hexagon Announces Production Software Business
INDEX to Focus on Overcoming the Skilled Labor Shortage at PMTS 2019
Lubricant Applications Systems
JINGDIAO North America Appoints Distributor in Wisconsin Illinois
Magnum Precision Grand Opening
Mayville Engineering Company Acquires Defiance Metal Products
Mazak to Invest $8.5M in Kentucky Manufacturing Operations
MERRILL Celebrates 50 Yearsand#160;
Metcam Wins Top Environmental Sustainability Honors
Michigan Metrology Offers Short Course April 11-12
MicroCare to Host Live Critical Cleaning Demonstrations at PMTS 2019
Mid Atlantic Machinery Unveils Showroom-On-Wheels
Mitsui Seiki Celebrates 90 Years
North American Tool Appoints Manufacturer Representative
Open Mind Turbomachinery Seminar March 28
Optomec Acquires Huffman
Optomec Partners with Phillips Federal
Manufacturing Software with New Productivity Tools
Platinum Tooling Now Represents Henninger
ProShop USA Established to Facilitate Sales and Support of Software
Sager Electronics Opens New Power Solutions Center
Machine Data Collection for Manufacturing Automation
Signalysis and North Central Manufacturing Solutions Partner
Pallet Bundling Unitizing and Automated Warehousing Solutions at ProMat 2019
U.S. Subsidiary of Steinmeyer Has New Location
Tebis Awarded by Best of MichBusiness
Tooling Tech Group New Corporate Headquarters
TsugamiRem Sales to Demo Newest CNC Machines at PMTS 2019
Weiler Abrasives Continues Commitment to Support Workshops for Warriors
Wildeck to Showcase RiderLift Line at ProMatand#39;s 2019 Show
Yamazen Opens Georgia and Florida Technical Centers
ZOLLER Joins OMIC Randamp;D
Expand Education-TrainingEducation-Training
Expand Material HandlingMaterial Handling
Expand People In The NewsPeople In The News
Expand Quality ControlQuality Control

show all editions →

Click here to watch Tutorial Videos >

SST ConsumablesSST ConsumablesIscarIscar

U.S. Cutting Tool Consumption Up 13.2 Percent in November



November 2018 U.S. cutting tool consumption totaled $209.42 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 collaboration, was down 6.3% from October's $223.46 million and up 13.2% when compared with the $184.97 million reported for November 2017. With a year-to-date total of $2.28 billion, 2018 is up 12.9% when compared with 2017.

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.

"November 2018 Cutting Tool Industry data continues to support strong sales. Increasing raw material prices and skilled labor shortages have taken their toll in the short run but have not hurt the increased performance of 2018 when compared to 2017. The market continues to watch trade negotiations that have dragged into 2019, and the potential impact they could have on manufacturing," said Brad Lawton, Chairman of AMT's Cutting Tool Product Group.

According to Steve Stokey, Executive VP and Owner of Allied Machine and Engineering and Chairman of AMT Board of Directors, "The numbers for November are very encouraging. We are seeing the same trends from Month/Month that we saw in 2017. The Year/Year and YTD/YTD are still strong. All signs point to continued growth in 2019 but with a cautious eye on how oil prices, tariffs and interest rates impact consumer confidence. Low unemployment continues to offer challenges to finding qualified talent. This is good news for those in the workforce."

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 CTMR 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.

For more information contact:

AMT

7901 Jones Branch Drive, Suite 900

McLean, VA 22102-4206

703-893-2900 / 800-524-0475

amt@amtonline.org

www.amtonline.org

USCTI

1300 Sumner Ave.

Cleveland, OH 44115-2851

216-241-7333

uscti@uscti.com

www.uscti.com

< back