US machine tool manufacturing industry boosts US economic growth

Although the US economy has not shown rapid growth to some Asian countries, it is not easy to maintain a stable growth of 3% to 4% for four consecutive years. In 2014, the U.S. GDP is expected to maintain a growth rate of 3%. It can be seen from this that the 'return to manufacturing' strategy has made a huge contribution to the US economy getting out of the trough. This is the first time in half a century that the US has relied on manufacturing to achieve economic recovery. In 2014, the United States will become the world's largest energy supplier. Low energy prices and transportation costs, as well as a safe transmission network, will ensure that local manufacturing will become more competitive in the world. In the next two to three years, the areas that the machine tool industry should pay attention to include: First, the automobile industry, which will remain the most dynamic industry, and the continuous introduction of new models and the regular replacement of power systems will become the focus of investment. The second growing industry is aerospace, where increasing global demand for all types of commercial aircraft has kept U.S. aircraft manufacturers well-ordered. Finally, the strategy of returning to manufacturing has spawned a large number of outsourced processing companies. Because they serve various industries, these companies are the largest consumer groups of machine tools. The American Machine Tool Association believes that the future trend of machine tool manufacturing technology will be reflected in robotics, automation, big data and so on.