Industry Trends & Analysis

Articles • October 24, 2024 • Tom Stamborski

Explore Alternative Financing

Alternative financing can play a vital role in helping companies address challenges with cash flow or access to funds for operational and capital needs.

News • October 17, 2024

Market report: Cutting tool growth rate continued to slow in August

Shipments of cutting tools, measured by the Cutting Tool Market Report compiled in a collaboration between AMT - The Association For Manufacturing Technology and the U.S. Cutting Tool Institute (USCTI), totaled $209.3 million in August 2024. That represents an increase in tool orders of 9.1% from July to August of this year, but down 4.5% from August 2023. Year-to-date (YTD) shipments through August totaled $1.67 billion, up 1.5% from shipments made in the first eight months of 2023. The YTD growth rate has declined every month since April 2024.

Articles • September 27, 2024 • Alan Richter

A Weighty Matter

The global heavy equipment market is projected to grow at a 4.4% CAGR, driven by advancements in automation, telematics, and infrastructure investments.

Articles • September 4, 2024 • Brian Geen

Be positioned for flexible funding

Navigate economic uncertainty and seize growth opportunities with strategic financial planning.

Articles • August 21, 2024 • Kenneth Spaeth

Financing Matters

Cutting Tool Engineering launches 'Financing Matters,' a new column focusing on how financial decisions impact manufacturing businesses.

Articles • August 5, 2024 • Dennis Spaeth

Bucking the salary trend

CTE's 2024 Biennial Salary and Benefits Survey reveals a drop in pay at most manufacturing positions.

News • July 30, 2024

Engineering foundation wins $3.9 million national apprenticeship grant

U.S. Department of Labor funding will help the ASME Foundation to train and place community college graduates with employers in manufacturing, clean energy, supply chains, semiconductors, and nanotechnology.

News • November 16, 2023

Equipment leasing survey shows small year to date gains

The Monthly Leasing and Finance Index is a survey of 25 companies representing a cross-section of the $1 trillion equipment finance sector that shows, in near real-time, that the overall new business volume for September was $9.7 billion, down 5 percent year-over-year from new business volume in September 2022.

Articles • June 27, 2023 • Craig Zoberis

Taxing automation a terrible idea

8 things politicians need to know about automation.

News • June 26, 2023

Machine tool company retrofits grinder with gearboxes

Electron Engineering Services is a machine tool company specializing in machine refurbishment and CNC retrofitting, including re-engineering, re-manufacture, and retrofit. Electron was retrofitting a grinding machine to turn it into an accurate grinder by installing servo systems instead of hydraulics.

News • May 1, 2023

Micromolding places the focus on outcomes

For customers looking to embrace the possibilities that exist through the micromolding of parts or components, there is a given. They need to understand what micromolding can do in terms of stimulation of innovation, what it can deliver in terms of manufacturing efficiency and what — above all — it can do to achieve increased functionality in parts that are often required to be smaller and smaller.

Articles • May 1, 2023 • Dennis Spaeth

Back to forward thinking

In case you stumbled across this post by chance while surfing the web, I wrote about my interest in an economic forecast delivered April 28 at the 2023 Manufacturing For Growth meeting in Phoenix.