U.S. Cutting Tool Consumption Up 9.7 percent in October
MCLEAN, VA — October U.S. cutting tool consumption totaled $193.6 million, according to the U.S. Cutting Tool Institute and The Association For Manufacturing Technology. This total, as reported by companies participating in the Cutting Tool Market Report (CTMR) collaboration, was up 9.7 percent from September’s total and up 3.3 percent from October 2013.
These numbers and data are based on the totals actually reported by the companies participating in the CTMR program. The totals here represent about 80 percent of the U.S. market for cutting tools.