April 2020 U.S. cutting tool consumption totaled $142.9 million, according to the U.S. Cutting Tool Institute (USCTI) and AMT – The Association For Manufacturing Technology. This total, as reported by companies participating in the Cutting Tool Market Report collaboration, was down 24.7 percent from March's $189.8 million and down 31.1 percent when compared with the $207.5 million reported for April 2019. With a year-to-date total of $717.5 million, 2020 is down 14.4 percent when compared with April 2019.
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U.S. manufacturing technology orders decreased 26% in April from the previous month to $225.8 million, the lowest monthly total since May 2010, according to the latest U.S. Manufacturing Technology Orders report published by AMT – The Association For Manufacturing Technology. New orders were 39% lower than in April 2019. Total orders through April 2020 were just shy of $1.1 billion, 28% lower than 2019 orders during the same period. (more)
U.S. manufacturing technology orders increased 8% in March from the previous month to $301.2 million, according to the latest U.S. Manufacturing Technology Orders report published by AMT – The Association For Manufacturing Technology. New orders were 29.3% lower than in March 2019. Total orders through March 2020 were $863 million, 26.1% lower than YTD 2019 orders.
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(SOUTHFIELD, Mich., April 20, 2020) – SME and AMT– The Association For Manufacturing Technology today announced that they have rescheduled the Smart Manufacturing Experience (SMX) to September 14-16 at McCormick Place in Chicago, co-located with IMTS – The International Manufacturing Technology Show. SMX 2020, originally planned for June 2-4 in Pittsburgh, will focus the manufacturing community’s attention on the technologies and innovations of smart manufacturing, or Industry 4.0. The decision comes after careful consideration and consulting with advisors and event partners and was taken in response to the global COVID-19 pandemic.
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February 2020 U.S. cutting tool consumption totaled $188.2 million, according to the U.S. Cutting Tool Institute (USCTI) and AMT – The Association For Manufacturing Technology. This total, as reported by companies participating in the Cutting Tool Market Report collaboration, was down 4.2 percent from January's $196.5 million and down 8.5 percent when compared with the $205.6 million reported for February 2019. With a year-to-date total of $384.7 million, 2020 is down 8.5 percent when compared with 2019.
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The Association For Manufacturing Technology Board of Directors, which represents more than 600 builders and distributors of machine tools, manufacturing machinery, and related products, today announced that it elected its 2020-2021 Board of Directors at its Annual Business Meeting held virtually on April 2, 2020. (more)
U.S. manufacturing technology orders increased 3 percent in February from the previous month to $277.9 million, according to the latest U.S. Manufacturing Technology Orders report published by AMT – The Association For Manufacturing Technology. New orders were 16.5 percent lower than in February 2019. Total orders through February 2020 are $547 million, 26.2 percent lower than YTD 2019 orders.
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Like you, we are concerned about the health crisis that we are all living through. We sincerely hope that your family, employees, and companies remain safe and healthy through this time.
We at AMT realize this is affecting everyone’s life and business. As we move forward, we believe that manufacturing will bounce back stronger and more engaged than we have seen in many years. In addition, we believe that manufacturers will be laser focused on shortening the supply chain and redeveloping their supply base within the United States. (more)
We at AMT realize this is affecting everyone’s life and business. As we move forward, we believe that manufacturing will bounce back stronger and more engaged than we have seen in many years. In addition, we believe that manufacturers will be laser focused on shortening the supply chain and redeveloping their supply base within the United States. (more)
The COVID-19 pandemic is wreaking havoc on markets and businesses, particularly SMEs. AMT is actively monitoring government action in Washington and around the country to share the most up-to-date information and resources with our members. Check our new website, AMTNEWS.org for daily updates.
(more)We are all aware of COVID-19’s effect on global business with regards to travel, events, supply chains, business continuity, etc. With operations in China, India, Mexico, Brazil, and Europe, AMT is in constant contact with our international team and gathering information on local health and business developments.
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Like you, we are concerned about the health crisis that we are all living through. We sincerely hope that your family, employees, and companies remain safe and healthy through this time.
We at AMT realize this is affecting everyone’s life and business. As we move forward, we believe that manufacturing will bounce back stronger and more engaged than we have seen in many years. In addition, we believe that manufacturers will be laser focused on shortening the supply chain and redeveloping their supply base within the United States. (more)
We at AMT realize this is affecting everyone’s life and business. As we move forward, we believe that manufacturing will bounce back stronger and more engaged than we have seen in many years. In addition, we believe that manufacturers will be laser focused on shortening the supply chain and redeveloping their supply base within the United States. (more)
The COVID-19 pandemic is wreaking havoc on markets and businesses, particularly SMEs. AMT is actively monitoring government action in Washington and around the country to share the most up-to-date information and resources with our members. Check our new website, AMTNEWS.org for daily updates.
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As many previous recessions, depressions, and crashes have proven, U.S. business will be back. While preparing for the economic downturn, keep in mind that growing from the lowest point of the economic crash to reach pre-crash levels often occurs at a faster rate than falling. Having a plan for that recovery growth is as important as having a plan for possible threats. (more)
On behalf of AMT and IMTS, we want to express our strong support for your company and manufacturing in general in this time of uncertainty. We, as an industry, are facing unprecedented challenges as we look to move past the crisis caused by the COVID-19 outbreak. We are very confident in the future of manufacturing and look forward to a safe and healthy future for our associates and our companies.
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Founded in 1902, AMT – The Association For Manufacturing Technology represents builders and distributors of manufacturing technology -- the advanced machinery, devices, and digital equipment that U.S. manufacturing relies on to be productive, innovative, and competitive. Located in McLean, VA, near the nation's capital, AMT acts as the industry's voice to speed the pace of innovation, increase global competitiveness and develop manufacturing's advanced workforce of tomorrow. With extensive expertise in industry data and intelligence, as well as a full complement of international business operations, AMT offers its members an unparallelled level of support. AMT also produces IMTS - The International Manufacturing Technology Show, the premier manufacturing technology event in North America.
AMT's goal is to provide the programs and services that will grow members' businesses in every facet - -product innovation, market expansion, employee development - and to represent and promote members and the manufacturing technology (MT) industry to the world at large. Find out if your company is eligible for AMT membership.
At AMT, we understand that our members have two main objectives in running their businesses – increasing sales and decreasing costs! Understanding this fundamental perspective, we strive to address this need in specific ways.
AMT's goal is to provide the programs and services that will grow members' businesses in every facet - -product innovation, market expansion, employee development - and to represent and promote members and the manufacturing technology (MT) industry to the world at large. Find out if your company is eligible for AMT membership.
At AMT, we understand that our members have two main objectives in running their businesses – increasing sales and decreasing costs! Understanding this fundamental perspective, we strive to address this need in specific ways.
- Providing access to markets in the U.S. and around the world.
- Producing industry intelligence that will position your business for success and allow you to make informed decisions.
- We bolster those core solutions with unique networking and engagement opportunities, by hosting industry events; advocating for the industry; building a Smartforce; and providing access to leading edge, and potentially disruptive, technologies.
Access To Markets
Anywhere in the world you want to be, AMT is uniquely positioned to build sales and support your business. AMT’s Global Services range from domestic business support to full-service tech centers. We provide access to markets in the United States and around the world.
Explore a foreign market by participating in an AMT/USA pavilion or AMT oversea technical center. Utilize an AMT foreign office or visit your potential customers where the purchasing decisions are made with AMT trade missions.
Manufacturing Technology
Tech Trends addresses trends in manufacturing technology from three perspectives:
- Newly accepted production technologies
- Greatest needs and challenges still remaining
- Areas of interest within R&D
Standards
MTConnect is an open communication standard that provides the capability to pass data from machine tools to higher level systems for further processing using the XML-based standard.
The ANSI B11 series of American National Standards and Technical Reports deal with machine tool safety and specify requirements for both the suppliers and users of the machines.
The Metalworking Skill Standards are common skills and competencies a worker needs to perform well on the job.
Industry Intelligence
Knowledge of the current and coming economic environment, as well as the manufacturing technology industry and its customers is the key to strategic planning. Gain this data and accompanying analysis from AMT's Global Forecasting & Marketing Package (GFMP).
We provide unique analysis of trends impacting your company, markets and customers.
- United States Manufacturing Technology Orders (USMTO) - The only valid benchmark for market share and the best barometer of your customers' business.
- MTInsight allows you to visualize economic trends, pinpoint market share and review potential capital investment worldwide.
- On-demand market research tailored to your company's needs
Contact AMT's industry and research analysts for your tailored research and to participate in any of AMT's benchmarking surveys.
