• TOPICS
    • Design
    • Manufacturing
    • Inspection
    • Heat Treating
    • Lubrication
    • Materials
    • The Gear Industry
    • Gears by Type
  • MAGAZINE
    • Current Issue
    • Departments
    • Archives
    • Subscribe
    • Advertise
  • NEWSLETTER
    • Subscribe
  • VIDEO
    • Gear Technology TV
      • Ask the Expert Live
      • Revolutions
    • Industry Videos
  • BLOGS
  • BUYER'S GUIDE
  • NEWS and EVENTS
    • Product News
    • Industry News
    • Events
  • ADVERTISING
    • Brand Awareness
      • Print: Display Advertising
      • Online: Web Banners & Keyword Banners
      • Online: Native Advertising (Sponsored Content)
      • E-mail: Custom, White Papers & Webinars
      • E-mail: Newsletter Sponsored Content (Native Advertising)
    • Response & Lead Generation
      • Online: Sponsored Content (Native Advertising)
      • E-mail: Newsletters
      • E-mail: Newsletter Sponsored Content (Native Advertising)
      • E-mail: Custom, White Papers & Webinars
      • Online: Buyers Guide
    • Print Advertising
      • Print: Display Advertising
      • Print: MPT Expo Showstoppers
      • Print: Buyers Guide
      • Print: Manufacturing sMart
      • Print: Specifications
      • MPT Expo Show Guide Advertising
    • Online Advertising
      • Online: Web Banners & Keyword Banners
      • Online: Native Advertising (Sponsored Content)
      • Online: Buyers Guide
      • Online: Specifications
    • E-mail Advertising
      • E-mail: E-Newsletters
      • E-mail: Newsletter Sponsored Content (Native Advertising)
      • E-mail: AGMA Industry News
      • E-mail: Custom, White Papers & Webinars
      • E-mail: Specifications
    • Special Promotions
      • Print: MPT Expo Showstoppers
      • Print: Buyers Guide
      • Print: Manufacturing sMart
      • MPT Expo Show Guide Advertising
    • GT India
  • CONTACT US
  • AGMA
    • Membership
    • Events
    • Education
    • Emerging Technology
    • AGMA Media
    • Standards
Subscribe
  • Sign In
  • Create Account
  • Sign Out
  • My Account
Home » March CTMR Finds Cutting Tool Consumption up 14.3 Percent from February

March CTMR Finds Cutting Tool Consumption up 14.3 Percent from February

May 17, 2017

March U.S. cutting tool consumption totaled $200.05 million according to the U.S. Cutting Tool Institute (USCTI) and AMT - The Association for Manufacturing Technology. This total, as reported by companies participating in the Cutting Tool Market Report (CTMR) collaboration, was up 14.3 percent from February's $174.98 million and up 8.4 percent when compared with the total of $184.57 million reported for March 2016. With a year-to-date total of $548.08 million, 2017 is up 5.9 percent when compared with 2016.

These numbers and all data in this report are based on the totals reported by the companies participating in the CTMR program. The totals here represent the majority of the U.S. market for cutting tools.

"The cutting tool industry reported numbers are supporting the positive feelings that exist in the Domestic Market," says Brad Lawton, chairman of AMT's Cutting Tool Product Group. "This is a very welcome improvement and support for the Trump Administration's pro manufacturing policies"

Johan Israelsson, president of Sandvik Hyperion adds: "It is clear that there is a much stronger customer demand across all sectors of the global market that we serve.  Although there is some tendency to rebuild inventories as one driver, we are also experiencing an underlying market growth. It is especially encouraging to see optimism within the Oil and Gas industry after a very difficult period."

 

The Cutting Tool Market Report is jointly compiled by AMT and USCTI, two trade associations representing the development, production and distribution of cutting tool technology and products. It provides a monthly statement on U.S. manufacturers' consumption of the primary consumable in the manufacturing process - the cutting tool.  Analysis of cutting tool consumption is a leading indicator of both upturns and downturns in U.S. manufacturing activity, as it is a true measure of actual production levels.

Historical data for the Cutting Tool Market Report is available dating back to January 2012. This collaboration between AMT and USCTI is the first step in the two associations working together to promote and support U.S.-based manufacturers of cutting tool technology.    

Industry News
  • Related Articles

    February CTMR Finds Cutting Tool Consumption up 1.1 Percent from January

    May CTMR Finds Cutting Tool Consumption Up 14 Percent from April, 15.5 Percent over May 2016

    June CTMR Finds Cutting Tool Consumption Down 2.8 Percent from May, Up 6 Percent over June 2016

Free Gear Technology Subscriptions
Subscribe
Free Gear Technology Subscriptions
Subscribe
FEATURED VIDEO
  • Emag1
    EMAG VSC 400 PS Skiving
July 17, 2023
RECOMMENDED
  • CTI USA Symposium 2023 Recap

    July 26, 2023
    gt0723_Page_22_Image_0001.jpg
  • The Inside Track on Automation, Robotics and Motion Control

    July 27, 2023
    gt0723_Page_32_Image_0001.jpg
  • Efficient Turnkey Machining of Complex E-drive Components

    July 27, 2023
    gt0723_Page_26_Image_0001.jpg
  • Hot Technologies to Help Cool the Planet

    August 28, 2023
    gt0823_Page_26_Image_0001.jpg
  • Feel the Burn

    August 28, 2023
    gt0823_Page_38_Image_0001.jpg
  • Hot Technologies to Help Cool the Planet

    August 28, 2023
    gt0823_Page_26_Image_0001.jpg
  • Feel the Burn

    August 28, 2023
    gt0823_Page_38_Image_0001.jpg
  • CTI USA Symposium 2023 Recap

    July 26, 2023
    gt0723_Page_22_Image_0001.jpg
  • Subscribe
  • Advertise
  • Contribute
  • AGMA
Powered byAGMA
Copyright © 2023 Gear Technology
  • Privacy Policy
  • Contact