Of the top 10 machine tool-producing countries, only India and Brazil posted year-over-year gains in 2022, while the United States saw the largest drop at approximately 24%.
(PRUnderground) June 26th, 2023
Gardner Intelligence announced today that their annual World Machine Tool Survey Report and its data are now available for purchase. The report uses data from Gardner Business Media’s annual World Machine Tool Survey and ranks the world’s top countries in machine tool production, consumption, imports and exports.
Leading the list of producers in 2022 was China at $27.1 billion and of the top 10 machine tool-producing countries, only India and Brazil posted year-over-year gains at modest increases in real U.S. dollars (adjusted for currency exchange rates and inflation) over their 2021 levels.
In contrast, the United States saw the largest drop at approximately 24%. Though the drop was significant, 2022 nonetheless was a solid year for the machine tool industry. According to AMT – The Association for Manufacturing Technology, 2022 was the third-best year on record for new orders for machine tools in the U.S.
The World Machine Tool Survey Report includes access to:
- Major Findings and Takeaways for 2022
- Country Rankings for the Top 20 Machine Tool Producers, Consumers, Importers and Exporters
- Country Rankings for the Largest Trade Balances
- A Detailed Data Summary Page for Each Country
- A Listing of Top Import/Export by Machine Type per Country
Companies, trade associations, investment firms, and banks use this annually updated, centralized collection of manufacturing activity from around the world to identify markets where business can be expected to grow, stay steady, or risk decline so they can plan accordingly.
Those interested in purchasing the World Machine Tool Survey Report or seeing a sample of the data can visit GardnerIntelligence.com/report/world-machine-tool to view all options.
About Gardner Business Media
Gardner Business Media is the premier publisher for the heart of manufacturing in North America – providing unique, one-of-a-kind, relevant information of keen interest to the people who power plants, shops, and factories. Gardner Business Media was founded in 1928 (as Gardner Publications, Inc.) in Cincinnati, Ohio, with the introduction of Modern Machine Shop magazine.
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