February 2025 U.S. cutting tool consumption totaled $198.6 million, according to the latest Cutting Tool Market Report (CTMR) published by the U.S. Cutting Tool Institute (USCTI) and the Association for Manufacturing Technology (AMT).
That total was down 0.7% from January 2025, and down 9.2% from February 2024. The monthly decrease in February followed a 9.2% jump in January, while the year-over-year decline followed a longer trend.
MDM’s SHIFT Conference Coming May 13-15 – Register Here
“Orders for cutting tools in the United States continue to lag behind the numbers posted in 2024,” USCTI President Steve Boyer said in the April 16 news release. “Significant declines in year-over-year totals suggest a lack of confidence in current markets. While we have gained some clarity in our country’s leadership, the policies – specifically the full impact of imposed tariffs – cannot yet be gauged. I believe any optimism we may have had entering 2025 will be delayed until we learn more about the tariffs and their effects on the major markets we serve.”
Kyocera SGS Precision Tool President Tom Haad added: “Orders for cutting tools in the United States continue to lag behind the numbers posted in 2024,” said Steve Boyer, president of USCTI. “Significant declines in year-over-year totals suggest a lack of confidence in current markets. While we have gained some clarity in our country’s leadership, the policies – specifically the full impact of imposed tariffs – cannot yet be gauged. I believe any optimism we may have had entering 2025 will be delayed until we learn more about the tariffs and their effects on the major markets we serve.”
Get Our 1Q25 MDM Forecast Report (Premium access here)
The CTMR 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 what they tout as the primary consumable in the manufacturing process — the cutting tool.
The graph below includes the 12-month moving average for the durable goods shipments and cutting tool orders. These values are calculated by taking the average of the most recent 12 months and plotting them over time. Click on the chart for a larger version.
Related Posts
-
U.S. cutting tool consumption declined in December as economic uncertainties and a stagnating aerospace market…
-
Consumption decreased month-to-month, following a healthy gain in August.
-
U.S. cutting tool consumption declined year-over-year reflecting economic and political uncertainty.
