The U.S Cutting Tool Consumption Reached 1.75 Hundred Million Dollars

According to iAbrasive latest market research, statistics of United States Cutting Tool Institution show that in April, 2014, U.S cutting tool consumption reached 1.75 hundred million dollars, a 2.1% ring growth and a 3.3% year-on-year decline.

According to statistics, U.S cutting tool consumption totaled 6.61 dollars from January to April, 2014, a slight year-on-year decline. Take a look at U.S cutting tool expenditure in 2013, a 3.9% year-on-year decline. Tom Haag, the chairman of USCTI, says, "U.S overall cutting tool consumption is in accordance with AMT association’s statistics of U.S machine tool orders. With the order increases, U.S cutting tool consumption is predicted to remain a slow growth for 2 month in the latter half of 2014.

"CTMR Cutting Tool Market Report" has listed enterprises involved in U.S cutting tool report; the consumption covers 80% of U.S cutting tools market. The indicator is a wind vane of America manufacturing orders, because it can be seen as a judging standard of practical production level. USCTI divides cutting tools into seven categories: carbide tooling, drill & reamer, milling cutter, PCD & CBN, tap & die, tool hander and others.

In the following graph, the blue line stands for the U.S cutting tool consumption from January, 2013 to April, 2014.