The United States is optimistic about the prospects of the machine tool industry in 2012

Steve Morency, president of the US Cutting Tool Institute (USCTI), said, 'Globally, from North America to some parts of Europe and most of Asia, the market is quite busy. At the EMO 2011 machine tool exhibition held recently, participants All seem to be looking for machining solutions that solve production problems rather than just sourcing. Machine tool builders seem to have fairly strong sales at the show. Many industries offer growth opportunities - aviation (especially commercial aircraft), automotive, The medical and energy industries are both in the ascendant.” Morency said the sales figures reported by USCTI member companies show that “since the bottom of the knife sales in the second quarter of 2009, the recovery has been very good. Although sales in the first few months of 2010 Growth stagnated a bit, but the value of sales for the full year was still up 24%. Sales growth in 2011 was even stronger, with sales rising more than 31% to $1.134 billion through August of this year.' Morency believes that there are also some issues and concerns that dampen this optimism, one of which is 'the slow recovery of the U.S. economy and high unemployment.' In addition, raw material prices are on the rise due to tighter supply, 'in the past 12-18 months, the price of cemented carbide has risen by 40%-50%, and there are fears that there may be further increases in the future.' However, , Morency is optimistic about the prospects of the tool market, he predicts, 'I have a very positive outlook for next year, the growth of tool sales should be in double digits, barring major setbacks, the growth rate may be 15%-20% between.” Patrick W. McGibbon, vice president for strategic information and research at the American Association for Manufacturing Technology (AMT), is quite optimistic that the U.S. machine tool industry is unlikely to fall into another recession in the near future. 'It's only about 20 percent of the time,' he said. 'Our product prices are very competitive in the world right now—except in China. And labor costs in China are rising fast, so U.S.-made machine tools—exactly Say, everything that's made in the U.S. -- will soon be more competitive than Chinese products.' McGibbon said the recovery of U.S. machine tool makers has been stronger than expected, especially in some machine tool markets. “Our top three markets are automotive, construction machinery and aerospace. The construction machinery market is showing rapid growth. The automotive industry produces only 12 million vehicles a year, but profits are growing significantly, compared to previous years’ production At 17 million, the industry is making very little profit. Of course, lower wage rates have helped profitability as well.' McGibbon added, 'The growth rate in 2012 is likely to be a little bit worse than in 2011, just because it's been so hot this year. We are now close to the peak levels of 2007.'