December 2024 US Cutting Tool Orders Total $179.5 Million, Down 0.6% Year to Date From 2023
Shipments of cutting tools, measured by the Cutting Tool Market Report compiled in a collaboration between AMT and USCTI, totaled $179.5 million in December 2024, down 2% from November 2024. Shipments totaled $2.43 billion for 2024, down 0.6% from 2023.
Manufacturing Technology Orders Fall for 3rd Year; Beat Expectations
Orders of manufacturing technology, measured by the USMTO report published by AMT, totaled $513.8 million in December 2024, the highest level since March 2023. This showed an increase of 15% from November 2024 and was 5.4% behind December 2023.
Emerging Technology: Accelerators and Barriers
Factors like reshoring and the expansion of the defense, medical, and space sectors drive manufacturing's adoption of emerging technologies like automation, additive manufacturing, generative AI, and digital twins. What are the barriers – or accelerators?
Powering Technology and Human Progress
Just as early humans’ original tools were constrained by their power sources, today’s modern technological advances are limited by their access to sufficient and reliable supplies of electricity.
November 2024 US Cutting Tool Orders Total $183.1 Million, Down 0.3% Year-to-Date From 2023
Shipments of cutting tools, measured by the Cutting Tool Market Report compiled in a collaboration between AMT and USCTI, totaled $183.1 million in November 2024. Orders decreased 13.8% from October 2024 and were down 9.7% from November 2023.
Reshore to Reduce the Risk of Retaliation from China
Could reshoring reduce the risk of retaliatory tariffs from China and mitigate geopolitical risks? Explore how U.S. manufacturers can enhance supply chain resilience, safeguard against global conflicts, and capitalize on new business opportunities.
November Manufacturing Technology Orders Climb, Setting Up Strong End to 2024
Orders of manufacturing technology, measured by the USMTO report published by AMT, totaled $448.8 million in November 2024. These orders for metalworking machinery increased 16.8% from October 2024 and 12.4% from November 2023.
Oct. 2024 US Cutting Tool Orders Total $212.5M, Up 12.6% From Sept.
Shipments of cutting tools, measured by the Cutting Tool Market Report compiled by AMT and USCTI, totaled $212.5 million in October 2024, a 12.6% increase from September 2024 but down 0.2% from October 2023. Year-to-date shipments totaled $2.07 billion.
MT Orders Decline Post-IMTS; Aerospace Investment Rebounds
Orders of manufacturing technology, measured by the USMTO report published by AMT, totaled $385 million in October 2024, a 14.5% decrease from September. Year-to-date orders reached $3.74 billion, a decline of 7.5% compared to the first 10 months of 2023.
September 2024 US Cutting Tool Orders Total $188.7 Million, Up 0.7% Year-to-Date
Shipments of cutting tools, measured by the Cutting Tool Market Report compiled in a collaboration between AMT and USCTI, totaled $188.7 million in September 2024. Orders decreased 10% from August 2024 and were down 6.3% from September 2023.