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Last updateTue, 31 May 2016 7pm

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Additive Manufacturing Industry Hit $5.1 Billion in 2015

According to Wohlers Report 2016, the additive manufacturing (AM) industry, consisting of all AM products and services worldwide, grew 25.9% (CAGR) to $5.165 billion in 2015. The CAGR for the previous three years was 31.5%. Over the past 27 years, the CAGR for the industry is 26.2%. Wohlers Associates reports that, despite challenges, growth continued in many segments of the diverse industry, particularly in metal AM and the desktop 3D printer segments.

For Wohlers Report 2016, input was collected from 51 industrial system manufacturers, 98 service providers, 15 third-party material producers, and many manufacturers of low-cost desktop 3D printers. 


Second Quarter GDP Forecast Points to 2.9% Increase

The Atlanta Federal Reserve’s GDPNow model forecast for real GDP growth in the second quarter of 2016 is 2.9% on May 26, up from 2.5% on May 17. The forecast for second-quarter real gross private domestic investment growth increased from -0.3% to 0.4% following this morning's durable manufacturing release from the U.S. Census Bureau. After yesterday's advance report on international trade in goods from the Census Bureau, the forecast for the contribution of net exports to second-quarter real GDP growth increased from -0.04% to 0.16%. 

Consumer Spending Exceeds Expectations in April

Personal income increased $69.8 billion, or 0.4%, and disposable personal income (DPI) increased $63.5 billion, or 0.5%, in April, according to the Bureau of Economic Analysis.

Personal consumption expenditures (PCE) increased $119.2 billion, or 1.0%. Economists had expected an increase of 0.7%. The 1.0% increase is the biggest monthly gain in nearly seven years.

In March, personal income increased $56.7 billion, or 0.4%, DPI increased $49.6 billion, or 0.4%, and PCE increased $3.7 billion, or less than 0.1%, based on revised estimates. 

Survey: Manufacturing Execs Investing in Advanced Tech

 A convergence of disruptive factors such as new technologies, increasing competition, and pricing pressures, is forcing manufacturers to increase investment in new products and services as they seek to innovate manufacturing capabilities, according to the 2016 KPMG Global Manufacturing Outlook survey.

In KPMG’s survey of 360 C-level global manufacturing executives, including 80 in the U.S., 39% say over the next two years they will devote a significant amount of R&D towards advanced manufacturing technologies such as robotics. In fact, many indicated they have already made investments in new digital technologies, with 25 % saying they have invested in artificial intelligence and cognitive computing technologies as well as in 3D printing and additive manufacturing technologies. 

Durable Goods Orders Surge 3.4%, But Demand Soft

New orders for manufactured durable goods in April increased $7.7 billion or 3.4% to $235.9 billion, the U.S. Census Bureau announced today. This increase, up three of the last four months, followed a 1.9% March increase. Excluding transportation, new orders increased 0.4%. Excluding defense, new orders increased 3.7%.

“Orders for long-lasting U.S. manufactured goods surged in April on strong demand for transportation equipment and a range of other products, but continued weakness in business spending plans suggested the manufacturing rout was far from over,” Reuters reports.

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