US Machine Tool Demand to Increase 3.0% Annually in Nominal Terms to 2022

2/26/2019

Cleveland, OH, February 26, 2019 — Demand for machine tools in the US is forecast to increase 3.0% annually in nominal terms through 2022, according to Machine Tools: United States, a report recently released by Freedonia Focus Reports. Continued growth in manufacturing activity will generate new demand. In addition, as machine tools are utilized at higher rates, wear and tear on equipment will increase and spur replacement sales. However, market saturation, as well as the reparability and long lifespan of many machine tools, will weigh on demand.

These and other key insights are featured in Machine Tools: United States. This report forecasts to 2022 US machine tool demand and shipments in nominal US dollars at the manufacturer level. Total demand and shipments are segmented by product in terms of:

  • metal cutting
  • metal forming
  • accessories
  • parts, rebuilt, and remanufactured machines

To illustrate historical trends, total demand, total shipments, the various segments, and trade are provided in annual series from 2007 to 2017.

Excluded from the scope of this report are tools designed primarily for nonmetal applications, as well as industrial patterns, welding apparatus, and other types of metalworking machinery (e.g., foundry equipment). Also excluded are additive manufacturing machines and metal casting equipment. Re-exports of machine tools are excluded from demand and trade figures.

More information about the report is available at:

https://www.freedoniafocusreports.com/Machine-Tools-United-States-FF75018/