Second Quarter Workholding Shipments down from 2008 levels.
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Press Release Summary:
At $36.6 million for second quarter of 2009, shipments of workholding equipment were down 43.6% from 2nd quarter 2008 according to Advanced Workholding Technologies Group of AMT. Report also shows that domestic workholding equipment shipments decreased 23.9% and U.S. exports decreased 15.3% from 1st quarter 2009. Midwest region remained largest domestic destination with 41% of total domestic second quarter shipments, representing slight increase in share from 1st quarter 2009.
Original Press Release:
Second Quarter Workholding Shipments Down from 2008 Levels
At $36.6 million for second quarter 2009, shipments of workholding equipment were down 43.6 percent from second quarter 2008 according to the Advanced Workholding Technologies (AWT) Group of AMT - The Association For Manufacturing Technology. Workholding equipment shipments within the United States by the 37 companies participating in the AWT statistical report totaled $32.2 million while exports amounted to $4.4 million.
The report from the AWT shows that domestic workholding equipment shipments decreased 23.9 percent and U.S. exports decreased 15.3 percent from first quarter 2009. The Midwest region remained the largest domestic destination with 41 percent of total domestic second quarter shipments going to that region, representing a slight increase in share from first quarter 2009. The West region lost 0.4 percent, bringing it to 10.3 percent, whereas the Northeast region gained 5.8 percent to account for 18.6 percent of domestic shipments in the first quarter. The Central and South regions decreased share, making up 16 and 14.3 percent of domestic shipments, respectively. Additionally, second quarter 2009 employment levels were down 9.2 percent from first quarter 2009 and down 17.7 percent when compared to the second quarter of 2008.
The Advanced Workholding Technology Group is comprised of AMT members that produce chucks, jaws, collets, vises, fixtures, and other workholding equipment. The AWT operates as a forum to serve the interests of U.S. manufacturers of workholding equipment. The overriding goal of the AWT is to develop ways to better serve the workholding customer and to implement programs to help the workholding community in this endeavor. While AWT members must be members of AMT, any OEM workholding manufacturer or U.S.-based company that is a sole distributor of a foreign-built workholding product line may participate in the AWT statistical program.
The Workholding Market Data Report is the only accurate, timely source of detailed statistics on workholding equipment for marketing and planning purposes. There is no cost to participate. The only obligation is to complete the simple survey form each month. Absolute confidentiality is guaranteed.
For more information, contact Kim Brown, Industry Economist, at 703-827-5223 or kbrown@AMTonline.org. For more information about the AWT and its efforts to promote the workholding industry in the United States, please call Malcolm Mason, Business Development Director, at 703-827-5216 or msmason@AMTonline.org.
