Shipments of cutting tools, measured by the Cutting Tool Market Report compiled in a collaboration between AMT - The Association For Manufacturing Technology and the U.S. Cutting Tool Institute (USCTI), totaled $209.3 million in August 2024. That represents an increase in tool orders of 9.1% from July to August of this year, but down 4.5% from August 2023. Year-to-date (YTD) shipments through August totaled $1.67 billion, up 1.5% from shipments made in the first eight months of 2023. The YTD growth rate has declined every month since April 2024.
Imported from the CTE archive to seed discussion on MFGAxis.
Originally published on CTE: 2024-10-17
CTE source: https://ctemag.com/news/market-report-cutting-tool-growth-rate-continued-slow-august/
Legacy path: /market-report-cutting-tool-growth-rate-continued-slow-august