Recent reports from the cutting tool industry predict strong sales and growth going into the rest of 2015 for the market as a whole.
Financial forecasts for the U.S. cutting tool industry are strong according to a recent report from the United States Cutting Tool Institute (USCTI). According to sales estimates for 2015, cutting tool manufacturers and distributors have reason to be optimistic about the future. Results of a survey of USCTI members show that 23% more industry members are positive about the sales growth in 2015 versus last year and expect the trend to continue into the coming year.
This is great news for both cutting tool manufacturers and distributors. Record sales result in additional profits and job growth which boost the industry overall and help sustain market growth. Industry sales revenues were up over 30% from last year and sales revenue forecasts for this coming year are estimated 10% higher.
What does this mean for manufacturers and distributors?
The optimistic sales forecasts for 2015 are great news for both manufacturers and distributors of cutting tools. As customer demand increases, additional cutting tools will be needed. Distributors have a better opportunity to move new product while continuing to liquidate old supplies through online sales platforms such as www.ToolingMarketPlace.com . Unused cutting tool supplies can be listed and sold at a profit making room in inventory for new orders and units.
What does this mean for users?
Cutting tool end users can be positive about the market growth in 2015 as well. This can be an especially great opportunity for shops and buyers to purchase excess materials from distributors at a fraction of the cost online at www.ToolingMarketPlace.com. As manufacturers and distributors queue up new product, they will need to be moving out old product, which can be purchased for a discount through the online marketplace. In this way, users can take advantage of the growth and savings that trickle down through the industry.
At ToolingMarketPlace.com, we are dedicated to providing a secure and convenient way for distributors and buyers to sell and purchase excess cutting tools. For sellers, this translates into higher profit returns compared to traditional liquidation methods such as scrap metal recycling. In turn, buyers can benefit from significant discounts on new unused products that were once inaccessible to the average cutting tool consumer. To learn how your company can start saving on cutting tool purchases or liquidate surplus inventory, visit www.ToolingMarketPlace.com.
Industrial Surplus Solutions, Inc. strives to be the industrial community’s premier online resource by building a marketplace that serves as a hub for buying, selling, marketing and exchanging products, ideas and information in the industrial community. Our mission is built on the foundation of our values; honesty, integrity, social responsibility and ethical business practices, which distinguish us and guide our actions. We value our customers, and deliver on our promises, in an effort to create sustainable growth in the industrial community through our services and solutions. Our combined leadership brings over 100 years of industrial experience. www.toolingmarketplace.com is just the beginning.
Industrial Surplus Solutions
100 Illinois Street Suite 200
St. Charles, IL 60174