METALWORKING EQUIPMENT/MACHINE TOOLS

Global Market ($ million): N/A

U.S. Industry Revenue ($ million): $28,000

Employees: 184,000+

Companies: 8,000+

U.S. Exports ($ million): $6,600

U.S. Imports ($ million): $13,650

Top 5 U.S. Companies

MAG Industrial Automation Systems

Haas

Gleason

Hardinge

Flow International

Top 5 Foreign Companies

Trumpf (Germany)

Yamazaki Mazak (Japan)

Gildemeister (Germany)

Amada (Japan)

Okuma (Japan)

Top International Markets

Mexico

Canada

China

Germany

United Kingdom

Top 5 International Issues

Export controls and licensing procedures

Rising production costs

Shifting manufacturing to low cost countries (particularly Asia:China/India)

Increased competition from Asian imports

Global recession

Top 3 Domestic Competitiveness Issues

Credit Availability: Tightening of the credit markets making it more difficult for manufacturers to obtain financing.

Decline of the Big 3 automakers: the automobile industry accounted for the lion’s share of the metalworking equipment industry.

Taxes and the Economy: Lower the tax burden for U.S. manufacturers and increase R&D tax credits and programs.

Updated 5/2009