2015 Tooling & Workholding Survey and Forecast for Cutting Tools is $3.5 Billion
Plants with 100-249 Employees Plan to Spend the Largest Amount; Metalcutting Job Shops Largest Spenders
$3.5 Billion Market Projected for Cutting Tools
Plants with 100 to 249 employees are the largest segment of this market with projected spending of $901.7 million. The table below represents spending intentions by plant size for cutting tools.
Metalcutting Job Shops Largest Spenders on Cutting Tools
Metalcutting job shops plan to spend the largest amount on cutting tools with projected spending of $1.2 billion. The table below represents spending intentions by industry for cutting tools.
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Steve Kline, Jr.
Director of Market Intelligence
Gardner Business Media, Inc.