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The Status of the U.S. Smart Machinery Industry In Recent Years

7/21/2020

 
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U.S. Smart Machinery Industry Information
After years of steady growth, since 2017, the global machine tool industry has begun to grow rapidly. With the increasing demand from end-use industries (especially the automotive, industrial and transportation industries), the U.S. machine tool industry has grown rapidly for several years. With the continuous increase in demand for high productivity, high quality and shortened cycle time, and the popularization of Industry 4.0, Increase the demand for robot and human-machine interaction technology.

1. Market scale of machine tool industry
Due to the high demand for metal products, the aviation, automotive and defense sectors of the United States have always been the main sources of demand for the machine tool industry. With the increasing trend of Industry 4.0 in the overall manufacturing industry, the machine tool industry has also become a part of the intelligent system. Manufacturing capacity in the United States increased by 0.1% in February 2020 compared to January. Components such as auto parts have the largest growth rate; components for aviation and miscellaneous transportation have the lowest growth rate. The manufacturing capacity utilization rate was 75% in February.
January was not much different, but still 3.2% below the long-term average.

Industry status
Machinery manufacturing is one of the largest and most competitive industries in the US manufacturing economy. In 2019, the total foreign trade of the United States was 5.6 trillion U.S. dollars, of which exports were 2.5 trillion U.S. dollars and imports were 3.1 trillion U.S. dollars. The total capital equipment exports in 2018 was 141 billion U.S. dollars, showing that the US machinery manufacturing industry is one of the world's largest industries. The main markets for American machinery exports include Canada, Mexico, China, Germany, Australia, the United Kingdom, Brazil, Japan, Singapore and Belgium. Overall, the European Union was the third largest market for US machinery manufacturers in 2018, after Canada and Mexico. Among U.S.-made machinery, construction machinery, engine equipment, industrial process control, agricultural equipment, turbines and turbine generator sets accounted for the bulk of U.S. exports in 2018. The main competitors in the global machinery market include China, Germany, Japan and Italy. The machinery manufacturing industry has an influence throughout the US economy. The machinery industry is highly technically backed by many other manufacturing and service industries. Its industrial control and automation technologies help end users increase productivity. The sale of various machinery also includes various high-value services, such as construction, engineering and logistics.

The US manufacturing industry includes large listed companies, brand manufacturers and small and medium enterprises. Machinery is produced in almost every state, but most of the production is concentrated in the industrial Midwestern states, California and Texas. There are more than 1.1 million employees in the machinery manufacturing industry in the United States, including assemblers, machinists, welders, mold manufacturers, and mechanical engineers.

2. Government and economic policies, product certification specifications
The recent China-US trade agreement will significantly increase China’s imports of agricultural products from the United States, and this transaction will eventually increase investment in agricultural equipment. The signing of the United States–Mexico–Canada Agreement (USMCA) will increase trade across North America and generate new investments in key capital-intensive industries. According to the 2020 Capital Expenditure Survey, it is predicted that the consumption of machine tools in 2021 will decrease by 5% compared with 2019, to approximately US$6.993 billion. But even so, the purchase level of machine tools is still higher than that of the United States over the years. In terms of government policies, adopt an economic environment that rewards reasonable investment, controls costs, promotes innovation, and increases productivity. This also means that the United States will adopt an active international economic policy to ensure fair competition by reducing trade and investment.
Competing in the global market will make the government pay more attention to the economic foundation to create an environment in which the US manufacturing industry can flourish.
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Reference: market-prospects、tmba

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