March 2024 U.S. cutting tool consumption totaled $212.4 million, according to USCTI and AMT. This total, reported by the Cutting Tool Market Report, was down 1.1% from February’s $214.6 million and down 5.8% from the $225.6 million reported in March 2023.
Fowler High Precision and Sylvac SA announced a transformative measuring solution to its existing optical scan machines with the addition of a SP25 3D contact scanning Probe.
AI, despite its hype, often causes delays in manufacturers' automation strategies due to confusion and fear. Fundamentally, AI complements machine vision, which uses handcrafted algorithms needing new formulas and trial-and-error development for each product type or feature.
NSL Analytical Services ("NSL" or the "Company"), an independent analytical and metallurgical testing services company serving U.S. and global customers, announced a significant milestone in its growth trajectory with the relocation of one of its two Cleveland-area testing laboratories.
Orders of manufacturing technology, measured by the U.S. Manufacturing Technology Orders Report published by AMT – The Association For Manufacturing Technology, reached $435.7 million in March 2024. Orders grew nearly 25% above the February 2024 level.