The U.S. Machine Tool Industry
Research rept. Aug 1992-Apr 1993
INDUSTRIAL COLL OF THE ARMED FORCES WASHINGTON DC
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The U.S. machine tool industry is suffering from tough competition. Once the worlds leader in machine tool production, the Japanese and Europeans have taken that lead with high quality, computer integrated, competitively priced equipment, which can be delivered quickly. Factors affecting U.S. competitiveness include the sluggishness of the U.S. economy and its impact on the manufacturing industry, the strength of the dollar overseas, labor costs, and the extreme volatility of the machine tool industry production cycles. The industry can improve its competitive posture by expanding from regional markets into the global market, increasing research, development, and capital investments to remain the worlds technological leader. The U.S. government can facilitate a resurgence in the industry by modifying or abolishing laws which disincentivize investment and pose barriers to entry into foreign markets.
- Economics and Cost Analysis
- Machinery and Tools