METALWORKING EQUIPMENT/MACHINE TOOLS
Global Market ($ million): N/A
U.S. Industry Revenue ($ million): $28,000
Employees: 184,000+
Companies: 8,000+
U.S. Exports ($ million): $6,600
U.S. Imports ($ million): $13,650
Top 5 U.S. Companies
|
MAG Industrial Automation Systems |
|
Haas |
|
Gleason |
|
Hardinge |
|
Flow International |
Top 5 Foreign Companies
|
Trumpf (Germany) |
|
Yamazaki Mazak (Japan) |
|
Gildemeister (Germany) |
|
Amada (Japan) |
|
Okuma (Japan) |
Top International Markets
|
Mexico |
|
Canada |
|
China |
|
Germany |
|
United Kingdom |
Top 5 International Issues
|
Export controls and licensing procedures |
|
Rising production costs |
|
Shifting manufacturing to low cost countries (particularly Asia:China/India) |
|
Increased competition from Asian imports |
|
Global recession |
Top 3 Domestic Competitiveness Issues
|
Credit Availability: Tightening of the credit markets making it more difficult for manufacturers to obtain financing. |
|
Decline of the Big 3 automakers: the automobile industry accounted for the lion’s share of the metalworking equipment industry. |
|
Taxes and the Economy: Lower the tax burden for U.S. manufacturers and increase R&D tax credits and programs. |
Last Updated: 3/14/12 2:18 PM
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