Research
5/18/2020

World Machine Tool Report Shows Manufacturing Shift to North America

Steve Kline, Jr., Chief Data Officer, Gardner Business Media, Inc.
In 2017 and 2018, the World Machine Tool Survey from Gardner Intelligence, the research arm of Modern Machine Shop publisher Gardner Business Media, showed that 12 out of the top 15 machine tool consuming countries increased their consumption. It is relatively rare for this to happen in a single year, and this was the only time it had ever happened in back-to-back years. This worldwide upturn and the extremely cyclical nature of the machine tool market should have been a clue to the fate of machine tool consumption in 2019, which was a worldwide downturn. Read more
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