MT Magazine November/December 2022

MANUFACTURING & THE U.S. E THE BIG PICTURE

35% PRODUCTIVITY GROWTH

60 EXPO

20% NATION’S CAPITAL INVESTMENT

MANUFACTURING ACCOUNTS FOR:

PROJECTED MACHINE TOOL SPENDING BY INDUSTRY

PROJECT SPENDIN

34.7%

12.9%

8.3 8.2

8.5%

7.9% 7.3%

6.5% 6.4%

4.9%

3.8% 3.4%

3.9% 3.8%

3.0% 2.7%

3.4%

2.4%

0.0% 10.0%

0.0% 10.0% 20.0% 30.0% 40.0%

PROJECTED MACHINE TOOL CAPITAL SPENDING

PROJECTED CUTTING TO

$10,000,000,000

$7,000,000,000

$9,500,000,000

$6,500,000,000

$9,000,000,000

$6,000,000,000

$8,500,000,000

$8,000,000,000

$5,500,000,000

$7,500,000,000

$5,000,000,000

$7,000,000,000

$4,500,000,000

$6,500,000,000

$4,000,000,000

$6,000,000,000

2018 2019 2020 2021

2022 2023

2018 2019