The industry added $25.7 billion in 2015 and employs 209,000. Each job within the industry supports 2.5 additional jobs elsewhere in the economy.Nearly every product sold in this country is touched by a forklift in its lifetime, and a new report issued in June quantifies this manufacturing sector’s strong economic impact and employment rates. The report from the Industrial Truck Association (ITA) and Oxford Economics offers detailed data at national and state levels.
“Forklifts have been lifting America’s economy for over a century and we can now quantify our industry’s economic contributions to the overall U.S. economy,” said Brett Wood, CEO of Toyota Material Handling North America and chairman of ITA. The report, entitled "Lifting America: The Economic Impact of Forklift Manufacturers, Dealers and Distributors," includes several significant findings, such as:
Overall, the sector benefits other parts of the national economy, including, for example, $3.5 billion in trade, transportation and utilities; $2.1 billion in professional and business services; and $1.1 billion in education and health services. “Industrial forklift trucks play an important functional role in the production process in virtually every industry.” said Brian Feehan, president of ITA. In total, industrial truck manufacturers support more than 209,600 jobs. The companies directly employ more than 59,700 workers in manufacturing, sales and support staff positions. In addition, for each worker directly employed by the industrial truck sector, 2.5 additional jobs are supported in the wider economy, either in the supply chains of industrial truck manufacturers or through the wage spending of those employed by the firms themselves or their supply chains. The Bureau of Labor Statistics reports that more than 540,000 forklift operators are employed across the country in all 50 states. “Workers in this sector are highly productive, and wages reflect this with above average annual income and placing them above the median income earners in most states,” said Hamilton Galloway, Head of Consulting, Americas for Oxford Economics. Source: Material Handling & Logistics
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SEMI reports that worldwide sales of new semiconductor manufacturing equipment are projected to increase 19.8 percent to total USD 49.4 billion in 2017 – beating the record set in 2000![]() This marks the first time that the semiconductor equipment market has exceeded the market high of USD 47.7 billion set in 2000. In 2018, 7.7 percent growth is expected, resulting in another record-breaking year ─ totalling USD 53.2 billion for the global semiconductor equipment market. The SEMI Mid-year Forecast predicts wafer processing equipment is anticipated to increase 21.7 percent in 2017 to total USD 39.8 billion. The other front-end segment, which consists of fab facilities equipment, wafer manufacturing, and mask/reticle equipment, will increase 25.6 percent to total USD 2.3 billion. The assembly and packaging equipment segment is projected to grow by 12.8 percent to USD 3.4 billion in 2017 while semiconductor test equipment is forecast to increase by 6.4 percent, to a total of USD 3.9 billion this year. In 2017, South Korea will be the largest equipment market for the first time. After maintaining the top spot for five years, Taiwan will place second, while China will come in third. All regions tracked will experience growth, with the exception of Rest of World (primarily Southeast Asia). South Korea will lead in growth with 68.7 percent, followed by Europe at 58.6 percent, and North America at 16.3 percent. SEMI forecasts that in 2018, equipment sales in China will climb the most, 61.4 percent, to a total of USD 11.0 billion, following 5.9 percent growth in 2017. In 2018, South Korea, Taiwan, and China are forecast to remain the top three markets, with South Korea maintaining the top spot to total USD 13.4 billion. China is forecasted to become the second largest market at USD 11.0 billion, while equipment sales to Taiwan are expected to reach USD 10.9 billion. Source: evertiq.com ![]() Welding involves joining metals by heating them until they melt. The practice dates to the Bronze Age when humans melted copper alloys and pounded them together on flat surfaces such as anvils using hammers. Today, welded items are everywhere, from the cars you drive to the planes you fly and the skyscrapers in which you work. Welding techniques are constantly evolving and incorporate the use of powerful lasers, robots and computers. Laser Technology"Laser" is an acronym for "light amplification by stimulated emission of radiation." They represent high energy beams generated at one or more discrete frequencies. Two types of lasers can be employed for welding. The first kind involves hard optics, or the use of mirrors and lenses to focus and deflect the laser beam. The second kind involves fiber optic cables to channel the laser beam with little loss of energy. One of the main advantages of fiber optic lasers is that they allow for the repositioning of the laser beam, whereas hard-optic lasers require the object being worked on to be moved. Welding With LasersLike other welding techniques, lasers are designed to heat a surface to join it with another. Laser welders accomplish this by delivering a pulse of light focused on a small area measured in millimeters, if not tenths of millimeters, in diameter. As the surface absorbs the laser's light, it vaporizes the metal, creating a gap known as a "keyhole." When the pulse ends, the liquefied metal surrounding the keyhole flows inside, resulting in a weld between the two surfaces. Advantages of Laser WeldingLaser welding offers certain advantages over traditional welding techniques. Because lasers generate a minimal amount of heat and can be precisely focused on any surface, the resulting welds are relatively small. This makes laser welding particularly suitable for thin products such as electronics or glass-to-metal seals. Another key advantage of laser welding is its fast welding rate in applications such as gas metal arcs and submerged arcs. Also, laser welding allows for better access to welding locations and doesn't generate any debris during resistance welding processes. ![]() MAY SHUAY is a professional welding machines manufacturer, supplier and exporter based in Taiwan. We always seek for excellent quality, innovative research and development of products and good after sale services in the field of automatic welding equipment manufacturing. We offer customers the options of laser welding machine, seam welders, precision plasma welding machine, inverter TIG welders, MIG welders and plasma cutting machine. Our variety and complete line of welding machines offer customers a one stop shopping selection. Our popular laser welder equipment: All of MAY SHUAY laser machines are specifically designed for high speed seam laser in widely welding applications. It can also work on welding two different types of metal such as copper- nickel, titanium-nickel, copper- titanium, and low carbon steel-copper, etc. We are recognized as a leading world-class brand in the welding industry. If you are interested in our laser welders or other seam welding equipments, do not hesitate to contact us! Source: Chron The industry body for Germany’s powerful machine tool sector on Thursday tripled its growth forecast for 2017, saying stronger than expected demand at home and abroad was boosting production.
Based on strong growth in production so far this year, the Mechanical Engineering Industry Association (VDMA) lifted its growth forecast from 1.0 to 3.0 percent for the full 12 months. “The mood among firms is markedly good. Everything is in place for a new upturn,” said VDMA chief economist Ralph Wiechers in a statement. Machine tool makers — making up Germany’s second-largest industrial sector after carmakers — booked 2.3 percent growth in production between January and April compared with the same period in 2016. The VDMA pointed to “significantly stronger than expected” demand from eurozone neighbours, prospects for stronger growth at home in Germany as industrial firms grow more confident, and better-than-forecast business with customers in Asia, especially China. Machine tool exports from Germany to China grew by 15 percent year-on-year in the first four months of the year, the organisation said. But the VDMA also highlighted risks for Europe’s export powerhouse on the horizon from “current events in important customer countries” the United States and Britain. US President Donald Trump has set his sights on Germany’s mammoth trade surplus, threatening punitive tariffs, while Britain’s departure from the European Union could throw up further barriers to trade. Source: Yahoo News UK |
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