U.S. Cutting Tool YTD Consumption down 16.7 percent in January
MCCLEAN, VA — January U.S. cutting tool consumption totaled $153.14 million according to the U.S. Cutting Tool Institute and The Association For Manufacturing Technology. This total, as reported by companies participating in the the Cutting Tool Market Report (CTMR) collaboration, was down 2.1 percent from December’s $156.48 million and down 16.7 percent when compared with the total of $183.91 million reported for January 2015.
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.