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Industrial ToolsPREFERRED SUPPLIERS
OTHER SUPPLIERS
IndustryNet is the Industrial Marketplace for Industrial Tools (Page 1 of 2)
The industrial tools industry focuses on the production and distribution of tools designed for use in manufacturing, construction, and other industrial applications. This industry encompasses a wide range of tools, including hand tools, power tools, and machine tools. Hand tools include wrenches, pliers, and screwdrivers, which are essential for manual tasks. Power tools, such as drills, saws, and grinders, use electricity or batteries to perform tasks more efficiently than manual tools. Machine tools, including lathes, milling machines, and CNC machines, are used for shaping and machining metal and other materials.
"Give us the tools, and we will finish the job," Winston Churchill famously once said. Granted, he wasn't talking about carbide tools, but nonetheless tools are as fundamental to U.S. manufacturing as blueprints are to builders. Tool suppliers--whether producing cutting tools, hand tools, power tools, or specialized tooling systems--play a critical role in keeping production lines moving and maintenance teams equipped. This week, we take a closer look at the current state of the U.S. tool supply sector, including the latest trends shaping the market, the largest companies in the industry, and notable suppliers on IndustryNet....(Full Article)
Category searches on the industrial marketplace IndustryNet have spiked over the past two months as manufacturers react to COVID-related supply chain disruptions and ongoing tariffs, with many seeking to source stateside.
In May of 2020, industrial category searches on IndustryNet totaled 393,201. This represents an increase of 12% from May's 2019 category searches, adding to the 42% year-over-year increase we reported for April.
A closer look at the data reveals some compelling trends and provides insight into the U.S. manufacturing climate at present. Certain industries have seen significant spikes in interest, suggesting more domestic sourcing in specific sectors. This post will take a look at the most popular broad category searches on IndustryNet in May....(Full Article)
There has been a measurable spike in the demand for industrial tools as the COVID-19 crisis moves from lockdown to open-for-business.
Companies saw their overseas supply chains disrupted by the rapid spread of the virus. Imports from China dropped to the lowest volume in over a decade as companies scrambled to find ways to produce products domestically.
Accomplishing this required tools, and lots of them. According to data from MNI, over 33,000 separate searches for industrial tools were performed during the month of April....(Full Article)
Tool and die makers are machinists who create the parts and tools used to manufacture everything from the smallest toy to the largest jet engine. Originally, all work was done by hand. Today, computer numerically controlled, or CNC, machines perform many of the tasks. Once programmed, CNC machines work quickly, efficiently, and to exact specifications whether an order is for 10 units or 100.
The U.S. Department of Labor's Bureau of Labor Statistics estimates the median annual wage for tool and die makers is around $51,000 per year - well above the average national wage. While no higher education degree is required to enter the field, most tool and die manufacturers undergo an extensive apprenticeship, learning their craft on the job. Some advance from CNC machine operators to CNC progra...(Full Article)
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