The 2019 Capital Spending Webinar

Chief Data Officer Steve Kline Jr. discusses the content of Gardner Intelligence's 2019 Capital Spending Report in this free webinar.

The 2019 Capital Spending Report projects accelerating growth for the machine tool market in 2019. The latest data from Gardner Intelligence sees machine tool consumption increasing 11 percent to $7.748 billion in 2019, with growth occurring across all major machine types. This follows increases of 3 and 6 percent in 2017 and 2018 respectively.

The GBI: Metalworking has led Gardner Intelligence to forecast an 11-percent increase in machine tool consumption in 2019

In 2018, machine tool prices rose and delivery times lengthened as the demand for capital equipment outpaced the supply. Given the planned spending by machine shops detailed in the report, prices are likely to climb higher and delivery times will remain relatively long as demand remains strong. Of particular note, job shops and manufacturers in the North Central-West and Southeast regions are poised to experience the highest rates of growth in the country.

According to the old economic adage, “Prices are set at the margin.” The concept is an important one that helps to explain the supply, demand and prices of machine tools. Data from the Gardner Business Index (GBI) and the 2019 Capital Spending Survey by Gardner Intelligence supports the conclusion that the smaller job shops are the marginal buyer for machine tools.

To find out more about the contents of the 2019 Capital Spending report, check out the webinar by Chief Data Officer Steve Kline Jr. HERE

Reports

Top Shops

‘Top Shops’ is a benchmarking and recognition program designed to help shops build their business.

World Machine Tool Survey

An independent annual survey that collects statistics from machine tool consuming and producing countries and compares them in real U.S. dollars.

Capital Spending Survey

An annual survey that collects statistics regarding budgeted spending on machine tools, testing equipment, software and more.

Gardner Business Index

A diffusion index measuring month-to-month changes in activity at durable goods and discrete parts manufacturing facilities.