Modern Machine Shop

MAY 2018

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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Latest Report Modern Machine Shop 83 2. What new workholding equipment, such as pedestal fixtures or indexers, can increase the efficiency of part setups? 3. What new cutting tools or CAM programming features can improve metal removal rates? 4. How can a machine monitoring system or new shop control software help find and overcome hidden inefficiencies? 5. What changes can boost lights-out operations? Which are the real moneymakers? As you examine such questions, continue to go about your usual machine tool selection process, but be prepared to wait a little longer, pay a little more or go further down your selection list once you make a decision. While you are at it, start thinking about your next machine tool purchase. At least in the United States, the red-hot machine tool market should cool a bit in 2019. That may be the ideal time to imlement new technology. About the Survey This is the 52nd edition of an independent annual survey that collects statistics from machine tool consuming and producing countries and com- pares them in real U.S. dollars. It is conducted through the research department of Gardner Business Media Inc. (Cincinnati, Ohio) by Steven Kline, director of market intelligence. Traditionally, Gardner collected actual or esti- mated data on production, exports and imports from 26 countries. However, beginning with the 2015 survey, actual import and export data were included for every country that imported at least $100 million of machine tools in at least one year since 2001. This change added 34 more countries to the overall survey. For these additional coun- tries, production was estimated, although some data was found on government websites. Consumption is calculated by adding imports to and subtracting exports from production fig- ures. The data typically are reported in local cur- rencies, then converted to U.S. dollars. After this conversion, all data in this latest survey also were adjusted for inf lation using the Bureau of Labor Statistics' Producer Price Index for capital equip- ment. This adjustment promotes a more accurate historical comparison. Sources of Data Special assistance came from the 15-member CECIMO consortium (Brussels, Belgium) and AMT – The Association For Manufacturing Technology (McLean, Virginia). Also, for countries that did not report, import and export data was gathered from the International Trade Centre. Definitions A machine tool is usually defined as a pow- er-driven machine, not portable by hand and powered by an external source of energy. It is designed specifically for metalworking either by cutting, forming, physical-chemical processing or a combination of these techniques. Machine tools traditionally are broken down into two categories: metalcutting and metal form- ing. Metalcutting machines typically cut away chips or swarf and include (but are not limited to) broaching machines, drilling machines, EDMs, lasers, gear-cutting machines, grinders, machin- ing centers, milling machines, transfer machines and turning machines such as lathes. Metal- forming machines typically squeeze metal into shape and include (but are not limited to) bend- ing machines, cold-heading machines, presses, shears, coil slitters and stamping machines. Data presented in the World Machine Tool Survey are solicited for metalcutting machines (codes 8456-8461 under the Harmonized Tariff System) and for metal-forming machines (8462- 8463), and are solicited for complete machines only, not including parts or rebuilt machines. Exchange Rates All data reported in domestic currencies are translated into U.S. dollars using the average daily exchange rate for the year (not the end-of- year rate) as reported at Moody's Analytics. All analysis is done in real U.S. dollars. Shipments Vs. Orders Many countries also track orders for new machine tools. These are, by their nature, different sets of numbers, and they may or may not be related. This survey is based on actual shipments of new machine tools from the factories in which they are produced. In contrast, the various order com- pilations in individual countries around the world are based on bookings for machines that will be shipped in the future. The time lag between these two events can vary greatly. An in-stock lathe might be shipped one day after the order is placed, whereas a complex engine-machining line might take a year to be delivered after the order has been received. On average in the United States, orders lead shipments by four to five months. That is likely a common lead time for other countries as well.

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