The machine tool industry is currently valued atsar, not currently, but in 20 18, was valued at about a hundred and six billion dollars globally. In 20 18, china occupied about 33 %, rounding upof the global share of that market. Thereas still large ish machine tool manufactures in the united states,. Some of which includea, caba ilcocor leasin cutting tools, max elage, carbide, mag automotiveaposses - they sponsor formula one.
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The modern world is an integrated system of almost unfathomable complexity, built upon sub systems, technologies, people and practices that if partially removed or neglected sufficiently, result in disastrous supply chain break downs as witnessed in wartime or as the world seized up in response to an over-hyped flu virus in 2020. One of the industries at the heart of the manufacturing economy is the machine tool industry, responsible for “building the machines that build the machines” – mills, lathes, planers, presses, etc. that produce the metal products such as cars, airplanes and household appliances. Without these industrial tools, production would be relegated to hand tools or worse, and for national security reasons is arguably a strategic industry to be protected. As with most things in modern America, however, what is sensible and what is reality is at odds, with the machine tool industry witnessing a global market share decline of number one in the world at around 20% in 1981 to less than 5% today.
