This Thomas Index Report is sponsored by Imagineering Finishing Technologies, the industry knowledge source for metal finishing solutions.
Hello again. This week we’re going to take a look at sourcing for Aerospace Painting Services by users of the Thomasnet.com platform. Our data shows that over the past 12 weeks, sourcing activity for this category is up 19 percent over its historical average.
It’s no surprise that our firmographic data shows that the top industry driving this trend is – of course – the aerospace industry.
With the rise of private spaceflight companies such as Jeff Bezos’ Blue Origin, Elon Musk’s SpaceX, and Boeing’s Starliner program, it’s an incredibly exciting time for the aerospace industry. This growth in the private sector is in addition to the White House setting some very ambitious goals for NASA and America’s presence in space. The broader aerospace and defense industry had a year of record growth in 2017 and is having another strong year amid rising defense budgets. As our data shows, this growth is a boon for painting and coating services providers – especially those that have the Nadcap accreditation required by customers in the aerospace industry.
Moving on from Aerospace related categories, here’s a look at the top ten industrial product and service categories being sourced on the Thomasnet.com platform over the past four weeks:
- Printed Circuit Boards (PCBs)
- Injection Molded Plastics
- CNC Machining
- Tube Fabrication & Bending Services
- Metal Fabrication
- Corrugated Boxes
- Non-Destructive Testing Services
- Electronic Contract Manufacturing
The best way to get this weekly Thomas Index Report is to sign up for our daily Thomas Industry Update by visiting Thomasnet.com/updates.
Thanks for watching, and I’ll see you next week.