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Capital Spending Survey Sees Machine Tool Buyers Seeking to Reduce Costs and Add Operational Flexibility

The 2021 Metalworking Capital Spending Survey from Gardner Intelligence shows overall purchasing declines but increased investment in higher-end machine tools such as turn-mill machines and five-axis machining centers.

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The 2021 Metalworking Capital Spending Survey, conducted by Gardner Intelligence, is the latest edition of an annual survey that has now been conducted for more than three decades. This year, the survey findings indicate that reducing cost and adding operational flexibility are two important reasons why machining facilities will be purchasing machine tools in 2021. Indeed, these are the only two motivations for purchasing machine tools that show an increase for 2021 buying compared with 2020. Read more
 

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