Industry Analysis & Industry Trends
The Machine Tool Wholesaling industry has had varied performance in recent years due to uncertainty across many downstream industries. Over the five years through 2012-13 industry revenue has declined by an average of 1.2% per annum to a value of £1.65 billion, after a 1.0% rise in 2012-13.
The industry has been rattled by the fallout from the financial crisis. In 2008-09, industry revenue dropped 13.2%, sandwiched between two years of solid growth. The industry has alternated between growth and decline each year since 2001-02, and 2012-13 is expected to represent the first sign of a steadying revenue stream as a consecutive year of growth, underpinned by dealer restocking and rising demand in downstream industries... purchase to read more
Industry Report - Industry Products Chapter
Machine tools are used to cut, form or join materials, usually metal, into a desired form. Machine tools can be manually or electrically powered and operated automatically or manually.
Metal cutting machinery is the largest product segment in the industry, accounting for about 45.2% of industry revenue in 2011-12. Cutting machinery is used to shape or transform metal by removing part of it. Products perform a variety of actions including cutting, drilling, milling, turning, grinding, stamping and other functions. Common products include carbine, steel and laser cutting tools; turning machines and centres; lathes; milling machines; drilling machines and vertical and horizontal machining centres... purchase to read more