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

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MAG Industrial Automation Systems

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Haas

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Gleason

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Hardinge

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Flow International

Top 5 Foreign Companies

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Trumpf (Germany)

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Yamazaki Mazak (Japan)

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Gildemeister (Germany)

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Amada (Japan)

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Okuma (Japan)

Top International Markets

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Mexico

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Canada

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China

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Germany

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United Kingdom

Top 5 International Issues

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Export controls and licensing procedures

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Rising production costs

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Shifting manufacturing to low cost countries (particularly Asia:China/India)

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Increased competition from Asian imports

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Global recession

Top 3 Domestic Competitiveness Issues

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Credit Availability: Tightening of the credit markets making it more difficult for manufacturers to obtain financing.

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Decline of the Big 3 automakers: the automobile industry accounted for the lion’s share of the metalworking equipment industry.

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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