World Machine Tool Consumption Falls $2.8 Billion in 2016

According to the 2017 World Machine Tool Survey, global machine tool consumption was $79.9 billion in 2016. This was a decline of 3.4 percent from 2015. However, global consumption is expected to increase to $81.9 billion in 2017, which would be an increase of 2.5 percent.

This is the 51st edition of the World Machine Tool Survey, an independent annual survey that collects statistics from machine tool consuming and producing countries and compares them in real U.S. dollars. The report contains actual data on production, imports, exports, and consumption collected from more than 20 countries. Also, actual imports and exports were included for every country that imported at least $100 million of machine tools in at least one year since 2001. Production and consumption were estimated for those countries.

The report and data, in some case going back to 1961, is available for purchase here.