U.S. Cutting Tool Consumption Up 4.6 percent in March over 2014
MCLEAN, VA — March U.S. cutting tool consumption totaled $197.6 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 collaboration, was up 9.8 percent from February’s total and up 4.6 percent from March 2014.
These numbers and all data in this report are based on the totals actually reported by the companies participating in the CTMR program. The totals here represent the majority of the U.S. market for cutting tools.