Economic News Blog
24. October 2012

Capital Spending Survey Results for Metalcutting Equipment

The 2013 Gardner Research Capital Spending Survey and Forecast results indicate that U.S. manufacturers are forecasting to increase investments in new metalcutting equipment more than 8% in 2013.

Why the Increase?
  • Forecasted operating capacity will approach 80.1%. This is the highest operating capacity since 1999. Since 2010, the industry has been under buying metalcutting equipment relative to capacity utilization. In the next one to two years, we should see actual sales coming in higher than expected in relation to capacity utilization.
  • Industrial production is growing very rapidly. The annual rate of growth in industrial production has grown faster each of the last eight months.
  • Cost benefits of technology. Companies prefer machines to labor. Skilled labor continues to be in short supply. 
$6.6 Billion Market Projected for New Metalcutting Equipment
Metalcutting job shops is the largest projected market for new metalcutting equipment with projected spending of $1.9 billion. Plants with 100 to 249 employees is the largest plant segment with projected spending of $1.8 billion, and the east north central region is the largest geographic segment with projected spending of $1.9 billion.
 
        
 
 
 
 
Need more information?
Contact your GPI representative or
Steve Kline, Jr.
Director of Market Intelligence
Gardner Business Media, Inc.
800-759-8821 • 513-527-8821
800-950-8020 • 513-527-8800
Fax: 513-527-8801
capmkt@gardnerweb.com

 

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