Economic News Blog
11. September 2013

U.S. Metalworking Facilities Projected to Spend $7.442 Billion in 2014 -- An Increase of Almost 20% on New Metalcutting Equipment

According to the 2014 Metalworking Capital Spending Survey conducted by Gardner Research, U.S. metalworking facilities will spend $7.442 billion, an increase of almost 20%, on new metalcutting equipment next year. In real dollars, this would be the largest volume of machine tools sold since 1998. Since 1957, machine tool sales have averaged $6.038 billion real dollars. Therefore, 2014 would be nearly 25% above the historical average if the forecast holds true.

2008 - $6.040
2009 - $3.213
2010 - $3.709
2011 - $6.322
2012 - $6.796
2013 - $6.263
2014 - $7.442

Top Industries
Metalcutting Job Shops
  • Job shops will account for almost 35% of all spending in 2014.
  • Job shops will increase spending 36% over 2013 levels.
  • Industrial mold shops are forecast to increase spending by 151%.
  • Slightly more than 50% of job shop spending will come from the East North Central, which is more than four times bigger than the next largest region. The region will nearly triple in size.
  • Increased spending will primarily come from plants with more than 50 employees.
  • Turning Centers, Horizontal, >10-in Chuck
    o   2008 - $68.9 million
    o   2013 - $125.4 million
    o   2014 - $237.4 million
  • Turning Centers, Horizontal, <10-in Chuck
    o   2008 - $110,0 million
    o   2013 - $73.1 million
    o   2014 - $220.8 million
  • Machining Centers, Horizontal, >800-mm Pallet
    o   2013 - $28.7 million
    o   2014 - $483.5 million
Need more information?
Contact your GBM representative or
Steve Kline, Jr.
Director of Market Intelligence
Gardner Business Media, Inc.
513-527-8800
800-950-8020
Fax: 513-527-8801
capmkt@gardnerweb.com

 

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