IndexBox has just released a new report “U.S. Machine Tool Market – Analysis And Forecast to 2025“.
According to the report, the value of machine tool production in the U.S. amounted to $6.1B in 2016, dropping by -12.1% against the previous year level. Overall, the U.S. machine tool output pursued a measured growth from 2007 to 2016. The total output figures increased at an average annual rate of +0.2%. The trend pattern, however, indicated some noticable fluctuations throughout the analyzed period. The most perceptible growth was recorded in 2011, when the value of production increased by +31% from the previous year. Over the period under review, the output figure with regard to machine tool in the United States peaked at $7.2B in 2014, leveling off in the following year.
Metal machining centers (multifunction numerically controlled machines) accounted for the highest share (19% in 2016) of U.S. machine tool manufacturing, leaving a considerable room for other metal cutting machine tools (excluding those designed primarily for home workshops, laboratories, garages, etc.) (13%). The other related products with less notable individual shares together comprised approx. 68% of the total output. From 2008 to 2016, the value of shipments of metal machining centers (multifunction numerically controlled machines) increased at an average annual rate of +0.2%. At the same time, the output of other metal cutting machine tools (excluding those designed primarily for home workshops, laboratories, garages, etc.) increased by an average +1.8% per year.
This report is designed to provide accurate and comprehensive data, as well as a detailed analysis of the current state and midterm prospects of the U.S. machine tool industry. It includes a market overview, which consolidates the key conclusions made from the analysis of the market study, revealing actionable insights in the machine tool industry. The report provides a forecast of the expected changes in the machine tool market in coming years, based on historical trends, external and internal factors, and the main developments affecting the market. Each section contains an in-depth analysis of the data provided. Further data in the report includes: the historical values and current projections regarding production and consumption volume, datasets on the industry life cycle, business locations, productivity, employment and many other crucial aspects. The Company Profiles section contains relevant data on the major players in the industry.
The trade section provides data on trade partners, such as historical data on imports & exports for each partner country, changes in the direction of trade, as well as import & export prices. An analysis of the machine tool trade shows the opportunities that are currently evolving for producers and suppliers in a changing market.
Product coverage: Metal gear cutting machines; Metal grinding, polishing, buffing, honing, and lapping machines, excluding gear-tooth grinding, lapping, polishing, and buffing machines; Metal lathes (turning machines) numerically and nonnumerically controlled; Metal milling machines (excluding machining centers); Machine tools for home workshops, laboratories, garages, etc. (metalworking and primarily metalworking only); Rebuilt metal-cutting machine tools, remanufactured metal-cutting machine tools, and parts for metal-cutting-type machine tools (sold separately); Metal machining centers (multifunction numerically controlled machines); Metal-station-type machinesOther metal cutting machine tools (excluding those designed primarily for home workshops, laboratories, garages, etc.); Metal boring machines and drilling machines (excluding machining centers); Metal punching and shearing machines (including power and manual) and bending and forming machines (power only); Metalworking presses (excluding forging and die-stamping presses); Other metal forming machine tools, including forging and die-stamping machines (excluding metalworking presses); Parts for metal forming machine tools (sold separately) and rebuilt and remanufactured metal forming machine tools; Machine tool manufacturing, nsk, total.
Companies mentioned:
The Scotts Miracle-Gro Company, Electroimpact , Noble Drilling Services , Trumpf, Haas Automation, Gleason Corporation, Hypertherm, Victor Technologies Group, Mazak Corporation, Hardinge , Makino Inc., Wagstaff, Atlas Copco Drilling Solutions , U. S. Tool Grinding, Wilson Tool International , Stolle Machinery Company, Nidec Minster Corporation, Peddinghaus Corporation, Kps Capital Partners, Ridge Tool Company, Husqvarna Construction Products North America, Fives Landis Corp., Madison Capital Partners, Graywood Companies, Schick Manufacturing, Victor Technologies International, U.S. Union Tool, NM Group Global, Milacron Marketing Company, Manan Tool & Manufacturing Inc, Murata Machinery USA Holdings, Rockwood Service Corporation, Kobe Steel USA Holdings Inc., Victor Technologies Holdings, Port City Group.
IndexBox’s methodology consists of obtaining information from a list or highly reliable sources (both paid and open), which include, but are not limited to:
– International official statistical agencies
– Governmental statistical agencies
– Official trade statistics
– Paid trade databases
– Industrial associations
– Company reports
– Industry experts
The AI platform, developed by IndexBox data scientists, compares the disparate pieces of information gathered from various sources, using the relevant methods of data cleaning, categorization, normalization, and predictive modelling for each unique situation. The market trends are provided by our experienced analysts, taking into account recent notable events in the market, in both adjacent and related markets, the raw materials markets, and in those markets, which are the main demand creators for the product under research. The forecast is created using a set of predictive and analytical models, mainly by processing country-by-country data on consumption, production, exports, imports and prices, as well as industry, economic and consumption trends, in addition to possible political and technological trends patterns.
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