The outlook for the US machine tool industry in 2012 is optimistic

Recently, the head of the American Cutting Tool Association and the Manufacturing Technology Association was optimistic about the prospects of the 2012 US machine tool industry in an interview with Tool Engineering magazine. Steve Morency, president of the American Cutting Tool Association (USCTI), said, “From a global perspective, from North America to some parts of Europe, and most parts of Asia, the market is quite busy. At the EMO 2011 Machine Tool Show held recently, attending It seems that they are looking for a solution that solves production problems, not just casual purchases. Machine tool manufacturers seem to be selling quite well at the show. Many industries offer growth opportunities – aviation (especially commercial aircraft), cars, The development of the medical and energy industries is on the rise.” Morency said sales data reported by USCTI member companies indicate that “the recovery has been very good since the second quarter of 2009 when tool sales fell to the bottom. Although sales in the first few months of 2010 Growth has stagnated slightly, but sales for the year have continued to grow by 24%. Sales growth in 2011 has been even stronger. As of August this year, sales have grown by more than 31% to $1.134 billion." Morency believes that there are also some problems and concerns that inhibit this optimism, one of which is "beauty." Slow economic recovery, high unemployment. " In addition, due to tight supply, raw material prices are rising. “In the past 12-18 months, the price of cemented carbide has risen by 40%-50%, and people are worried that it may rise further in the future.” Morency is optimistic about the tool market prospects. He predicted that "I am very positive about the prospects for next year. Tool sales growth should reach double digits. Unless there are major setbacks, the growth rate may be 15%-20%. Between the American Manufacturing Technology Association (AMT), the vice president of strategic information and research, Patrick W. McGibbon is quite optimistic that the US machine tool industry is unlikely to fall into another recession in the near future. He said, “This possibility is only about 20%. Now, our product prices are very competitive in the world – except for China. And China’s labor costs are rising very fast, so the American-made machine tools – exactly It is said that all products made in the US will be more competitive in the near future than Chinese products.” McGibbon said that the recovery of US machine tool manufacturers has been stronger than expected and is particularly strong in some machine tool markets. “Our three markets are automotive, construction machinery and aerospace. The construction machinery market is showing rapid growth. The annual output of the automotive industry is only 12 million, but the profit is growing sharply, compared with the previous years. For the 17 million vehicles, the industry has very little profit. Of course, the reduction in the wage rate will also help the profit.” McGibbon added, “The growth rate in 2012 may be slightly worse than in 2011, just because this year is too hot. Now, we are close to the peak level of 2007."

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