As an industrial “sector,” manufacturing technology --as the machine tool industry prefers to be known-- has its hooks into various other sectors, including automaking, aerospace manufacturing, energy, and high-tech manufacturing, just to list a few. The machining sector’s fortunes are tied to activity in those areas.
The ways that manufacturing organizations strategize their expansion plans is the tip-off to their economic prospects: in recent months, mergers and acquisitions (M&A) are the proof of their progress.
While demand for machine tools and cutting tools has been tepid for most of the past year, there is one indicator suggesting long-term growth for manufacturing technology: mergers and acquisitions. A series of acquisitions by companies in different niches of manufacturing technology suggests smart money wants a share of this sector’s future.
More on this industrial sector on American Machinist.
American Machinist is an NED companion site within Penton’s Manufacturing & Supply Chain Group.