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Year-to-date orders were down 6.4 percent through April.
Jun 10th, 2021
iStock
MCLEAN, VA April 2021 U.S. cutting tool consumption totaled $170 million, according to the U.S. Cutting Tool Institute (USCTI) and the Association For Manufacturing Technology (AMT). This total, as reported by companies participating in the Cutting Tool Market Report collaboration, was down 4.3% from March s $177.6 million and up 26.3% when compared with the $134.6 million reported for April 2020. With a year-to-date total of $641.9 million, 2021 is down 6.4% when compared to April 2020. These numbers and all data in this report are based on the totals reported by the companies participating in the CTMR program. The totals here represent the majority of the U.S. market for cutting tools.
US Cutting Tool Consumption Sunk 22% in 2020
Orders picked up steadily after bottoming out at down 36 percent year-over-year in May, but still have a long way to go to comparative breakeven.
Feb 17th, 2021
iStock
MCLEAN, VA December 2020 US cutting tool consumption totaled $157.3 million, according to the U.S. Cutting Tool Institute (USCTI) and the Association For Manufacturing Technology (AMT). This total, as reported by companies participating in the Cutting Tool Market Report collaboration, was up 4 percent from November s $151.3 million and down 16 percent when compared with the $187.2 million reported for December 2019. With a year-to-date total of $1.9 billion, 2020 was down 22.2 percent when compared with December 2019.