Modern Machine Shop

DEC 2016

Modern Machine Shop is focused on all aspects of metalworking technology - Providing the new product technologies; process solutions; supplier listings; business management; networking; and event information that companies need to be competitive.

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Page 88 of 164

86 MMS December 2016 FEATURE I t's a bit of a paradox. Orders for durable goods keep going down, yet signs show that sales of machine tools to make those goods are likely to go up next year. Before we jump into the numbers behind this forecast, here's how we arrived at where those numbers come from. Each summer, Gardner Business Intelligence (GBI) sur veys readers of Modern Machine Shop and three of its sister publications about their plans for spending on metalworking capital equipment, workholding and tooling in the following year. Responses to these surveys are used to forecast spending by industry on specific machine tool, workholding A REBOUND in Capital Spending: Searching for Increased Productivity The machine tool market bottomed in the summer of 2016, but will continue to rebound in 2017 as shops invest in technology for unattended operation. BY S TE V E N K LI N E J R . 2017 Fig.1—The need to increase productivity is the dominant reason shops will buy a new machine tool in 2017, by a wide margin. MOTIVATION TO BUY CAPITAL EQUIPMENT IN 2017 Increase productivity is overwhemingly the number one reason to buy a machine tool in 2017 Increase Productivity Increase Capacity Reduce Costs New Models Process Flexibility Tighter Quality Standards Make Instead of Buy 0% 10% 20% 30% 40% 50% 60%

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