September U.S. cutting tool consumption totaled $171.1 million, according to the U.S. Cutting Tool Institute and AMT – the Association for Manufacturing Technology. This total, as reported by companies participating in the Cutting Tool Market Report collaboration, was down 2.3 percent from August and down 0.1 percent when compared with September 2015.
With a year-to-date total of $1.524 billion, 2016 is down 7.5 percent when compared with 2015.
These numbers and all data in this report are based on the totals actually reported by the companies participating in the CTMR program. The totals here represent the majority of the U.S. market for cutting tools.
"With the slight improvement in the year over year numbers, it could be that market anxiety is improving and the Cutting Tool Industry can push towards focused improvements in productivity to better serve the global markets,” says Brad Lawton, chairman of AMT’s cutting tool product group.