2018 CAPITAL SPENDING SURVEY

MACHINE TOOLS

PRESENTED ANNUALLY BY

www.gardnerintelligence.com

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2018 CAPITAL SPENDING SURVEY

$7.503 Billion
According to the 2018 Metalworking Capital Spending
Survey by Gardner Intelligence, U.S. metalworking
facilities will spend $7.5 billion on new metalcutting
equipment, an increase of 5% compared
to our latest estimate for 2017.

Machine Tool Spending (billions of real $)

2013 $7.211

2014 $7.498

2015 $7.122

2016 $6.754

2017 $7.167

2018 $7.503

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 2018 OVERVIEW

Capital equipment spending projected to be above average

in 2018 for the seventh year in a row.

MACHINE TOOLS
13
Real Machine Tool Consumption (Billions of real USD)

12
11
10
9
8
Industry
Average
7 $6.6 B
2018
6 5%
$7.5 Billion
5
4
3
2
1
0
‘58 ‘68 ‘78 ‘88 ‘98 ‘08 2018

MACHINE TOOLS EXECUTIVE SUMMARY 3

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2018 CAPITAL SPENDING SURVEY

GROWTH BY REGION
Region 2018 Spending Change %
North Central-East $2,172,768,620 25%

North Central-West $2,104,049,395 17%

Northeast $1,111,885,640 -16%

West $900,782,349 -21%

Southeast $724,561,982 46%

South Central $488,771,024 -27%

Grand Total $7,502,819,011 5%

North-Central - East Northeast South Central

CT, DE, MA, MD, ME, NH, NJ, NY, AR, LA, NM, OK, TX
IN, KY, MI, OH, TN PA, RI, VT, WV
West
North Central - West Southeast AK, AZ, CA, CO, HI, ID, NV, OR,
IA, IL, KS, MN, MO, ND, NE, SD, WI AL, DC, FL, GA, MS, NC, SC, VA UT, WA, WY

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 REGION AND PLANT SIZE

PLANT SIZE
Plant Size
2018 Spending Change %
(Number Of Employees)
1-19 $1,848,689,150 23%
20-49 $1,048,958,869 2%
50-99 $1,217,049,722 23%
100-249 $1,770,503,990 4%
250+ $1,617,617,280 -17%
Grand Total $7,502,819,011 5%

MACHINE TOOLS EXECUTIVE SUMMARY 5

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2018 CAPITAL SPENDING SURVEY

Industries* 2018 Spending % Change

Job Shops $2,538,804,860 19%

Automotive $762,137,476 11%

Machinery $675,583,679 3%

Non-Manufacturing $606,825,701 14%

Aerospace $455,376,707 -41%

Medical $433,774,389 148%

Motors/Hydraulics/
$420,227,670 198%
Mechanicals
Electronics/Computers/
$311,896,540 64%
Telecom
Other Manufacturing $275,518,968 43%

Forming/Fabricating $179,915,496 -66%

Primary Metals $171,956,016 -45%

Power Generation $127,818,604 803%

Pumps/Valves/Plumbing $116,413,394 -9%

Hardware $110,567,317 6,024%

Grand Total $7,502,819,011 5%

*only industries with > $100 million in projected spending

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 INDUSTRIES AND MACHINE TYPE

Machine Type 2018 Spending % Change

Boring Machines 92,511,056 -28%

Broaches 78,024,336 185%
Drills 663,075,671 -40%
EDM, Ram 45,587,695 -1%
EDM, Small Hole 23,163,691 253%
EDM, Wire 167,277,443 15%
Gearcutting 107,525,270 -83%
Grinder, Centerless 63,476,249 -40%
Grinder, Creep Feed 2,257,325 -94%
Grinder, Cylindrical 114,730,735 10%
Grinder-Flat/Surface 133,721,834 -39%
Grinder-ID/OD 119,825,039 30%
Grinder-Internal 26,206,249 -59%
Grinder-Other 122,073,938 -20%
HMC-400-800 mm Pallet 1,037,920,610 54%
HMC-<400 mm Pallet 456,069,154 272%
HMC->800 mm Pallet 331,193,835 77%
Laser Cutters 272,364,790 -68%
Lathe-<10 in Chuck 645,959,347 42%
Lathe->10 in Chuck 412,235,580 8%
Lathe-Manual 113,912,686 -24%
Lathe-Vertical 6,346,065 -93%
Multi-Spindle Cam 11,245,778 2%
Multi-Spindle CNC 32,514,635 57%
Rotary Transfers 111,760,048 894%
Saws 176,542,241 -19%
Single-Spindle Cam 1,072,191 -78%
Single-Spindle CNC 25,261,129 999%
Swiss-Type Automatic 24,704,558 -9%
Swiss-Type CNC 107,968,667 37%
TC-<10 in Chuck 108,559,927 55%
TC->10 in chuck 81,554,023 38%
TC-Vertical 23,901,955 -28%
Transfer/Special Purpose 123,749,494 -19%
VMC-<20 in Y 716,967,814 -5%
VMC->20 in Y 903,206,485 6%
Waterjets 18,351,468 -14%

Grand Total 7,502,819,011 5%

MACHINE TOOLS EXECUTIVE SUMMARY 7

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 2018 CAPITAL SPENDING SURVEY

PRESENTED FOR THE

Gardner Metalworking Group
MACHINE TOOLS
Methodology
The Gardner Intelligence 2018 Capital Spending Survey for
machine tools was sent to 28,000 subscribers of Modern Travis Egan, Publisher
Machine Shop, Production Machining, Moldmaking Technology tegan@gardnerweb.com
and Automotive Design & Production magazines. Surveys
were mailed in mid-July, and the survey period was closed
in mid-August. Respondents were asked to answer detailed
questions about their budgeted spending on machine tools,
testing equipment, software and more. The responses are
Joe Campise, Publisher
projected across the metalworking industry based on plant jcampise@gardnerweb.com
size. The survey has an error factor of +/- $1,000,000 at a 95%
confidence level for the total machine tool spending projection.

Ryan Delahanty, Publisher

rdelahanty@gardnerweb.com

Staff
Mike Vohland, Publisher
STEVE KLINE, JR. mvohland@gardnerweb.com
Chief Data Officer
skline2@gardnerweb.com
A.C. MICHAEL GUCKES
Chief Economist Travis Egan, Publisher
mguckes@gardnerweb.com tegan@gardnerweb.com

JAN SCHAFER
Director of Market Research
jschafer@gardnerweb.com
Travis Egan, Publisher
tegan@gardnerweb.com

View this and other Gardner Intelligence

reports at www.gardnerintelligence.com
Capital Spending Survey for Tooling and Workholding
World Machine Tool Survey

Gardner Business Media

Corporate Offices
6915 Valley Avenue
Cincinnati, OH 45244
P 513-527-8800 F 513-527-8801

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