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

Manufacturing Activity and Replacement Needs Will Support Growth

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Feb 28, 2019, 09:42 ET

CLEVELAND, Feb. 28, 2019 /PRNewswire/ -- 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.

More information about the report is available at:
https://www.freedoniafocusreports.com/Machine-Tools-United-States-FF75018/

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.

About Freedonia Focus Reports
Each month, The Freedonia Group – a division of MarketResearch.com – publishes over 20 new or updated Freedonia Focus Reports, providing fresh, unbiased analysis on a wide variety of markets and industries. Published in 20-30 pages, Focus Report coverage ranges from raw materials to finished manufactured goods and related services such as freight and construction. Additional Industrials reports can be purchased at Freedonia Focus Reports or MarketResearch.com.

Analysis is intended to guide the busy reader through pertinent topics in rapid succession, including: