Industry Analysis & Industry Trends
The Metalworking Machinery Manufacturing industry's performance weakened during the recession, as demand from key foreign and domestic downstream markets dropped. Over the next five years, demand will begin to pick up as rising energy prices drive renewed investment across the mining and energy sectors, supporting industry growth. Operators will also experience growing demand from Asian markets, while an uptick in domestic car production will bolster revenue... purchase to read more
Industry Report - Industry Analysis Chapter
The Metalworking Machinery Manufacturing industry makes machines that make machines. For example, industry leader Kennametal produces computer-controlled turning, boring, milling and drilling machines that can turn a solid chunk of steel into an engine block, manifold or crankshaft. The same machines may also create molds or dies that are then used to stamp out shapes and patterns in other raw materials on assembly lines. In this way, metalworking machinery represents a primary input into most industrial processes that output machinery, metal products, vehicles and heavy equipment.
In 2013, the industry is expected to benefit from increasing demand from machine shops, recovering automobile sales and renewed investment in metalworking machinery... purchase to read more