Workholding Shipments are up 8.1% from fourth quarter 2009.
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Press Release Summary:
According to AMT Advanced Workholding Technologies (AWT) Group's Workholding Market Data Report, first quarter 2010 shipments of workholding equipment were at $50.0 million which is up 10.7% from first quarter 2009. Report also shows domestic workholding equipment shipments increased 13.6% and U.S. exports decreased 15.5% from fourth quarter 2009. Additionally, first quarter 2010 employment levels were up 2.7% from fourth quarter 2009 but down 9.8% compared to first quarter of 2009.
Original Press Release:
1st Quarter 2010 Workholding Shipments up 8.1 Percent from 4th Quarter 2009
McLean, Va. ... At $50.0 million for first quarter 2010, shipments of workholding equipment were up 10.7 percent from first quarter 2009 according to the Advanced Workholding Technologies (AWT) Group of AMT - The Association For Manufacturing Technology. Workholding equipment shipments within the U.S. by the 38 companies participating in the AWT statistical report totaled $42.6 million while exports amounted to $7.4 million.
The report from the AWT shows that domestic workholding equipment shipments increased 13.6 percent and U.S. exports decreased 15.5 percent from fourth quarter 2009. The Midwest increased 7.5 percent from fourth quarter 2009 and remained the largest domestic destination with 39.5 percent of total domestic shipments. Growth in the Central region was 24.7 percent, moving it above the Northeast for the second largest share of domestic shipments, with 18.8 percent domestic share. Shipments to the Northeast fell 6.1 percent, moving down to the third largest domestic market with 17.1 percent of domestic shipments in the first quarter. The South had 13.6 percent of first quarter 2010 domestic shipments, with an increase of 14.4 percent from the previous quarter. The West remained the smallest domestic market again despite a remarkable 34.2 percent increase from fourth quarter leaving it with 11.0 percent share and the largest market growth for first quarter 2010. Additionally, first quarter 2010 employment levels were up 2.7 percent from fourth quarter 2009 but down 9.8 percent when compared to the first quarter of 2009.
The Advanced Workholding Technology Group is comprised of AMT members who 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 U.S., please call Malcolm Mason, Business Development Director, at 703-827-5216 or msmason@amtonline.org.
AMT - The Association For Manufacturing Technology
Founded in 1902, the Association For Manufacturing Technology represents and promotes the interests of American providers of manufacturing machinery and equipment. Its goal is to promote technological advancements and improvements in the design, manufacture and sale of members' products in those markets and acts as an industry advocate on trade matters to governments and trade organizations throughout the world
