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Monday, July 28, 2014

REPORT: 2014 Turning Center Market Represents $1.3 Billion

GardnerThe turning center market represents a $1.3 billion industry, according to the Gardner Research 2014 Capital Spending Survey & Forecast.

As stated in the 2013 forecast released this summer, horizontal turning centers with less than a 10-in chuck dominates the market, representing $652.3 million of the total. The remainder of the market comprises horizontal turning centers with chucks greater than 10 in ($535.7 million) and vertical turning centers ($112.4 million).

Metalcutting job shops are expected to spend almost $500 million on turning centers in 2014, followed by the oil, gas field, and mining machinery industry (about $150 million) and the machinery and equipment manufacturing industry (about $50 million). Other industries that will invest in turning centers in 2014 include the medical; electronics, computers, and telecommunications; industrial motors, hydraulic and mechanical components; automotive; and primary metals.

–Brian Lane

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