As we turn the calendar to a new year, the industrial manufacturing sector finds itself on the cusp of significant shifts that promise to shape the global competitive landscape. With the world’s industrial production projected to rise steadily—some analysts expecting a modest but sustained year-over-year growth rate of 3% to 5% for 2025—manufacturers and equipment buyers alike need to understand the forces at play. While exact forecasts vary by region and industry segment, there’s a broad consensus that the coming months will reward companies able to adapt swiftly, embrace digital tools, and capitalize on new market dynamics. Among the most pronounced trends in the current industrial landscape is the move toward aggregation platforms that streamline the equipment search process. Rather than spending countless hours visiting dozens of … [Read more...] about Looking Forward: The Industrial Marketplace and Surplus Record’s Ongoing Evolution
Industry News
Trump’s Economic Plan: A Manufacturing Resurgence or a New Era of Challenges?
The return of Donald Trump to the White House could bring a seismic shift in policies affecting the manufacturing industry. His proposed economic strategies, from tax reforms to tariffs, have sparked a mix of optimism and apprehension among manufacturers. Here's a closer look at what these changes might mean for the sector. The 2017 Tax Cuts and Jobs Act, often hailed as a game-changer for manufacturers, provided much-needed certainty and financial incentives that fueled a manufacturing resurgence. By lowering the corporate tax rate to 21% (from 35%, and now Trump has mentioned a 15% tax rate for manufacturers domestically!), the legislation enabled businesses to increase wages, expand hiring, and make significant investments in their operations. Trump's proposed extension of these tax cuts, coupled with further reductions for … [Read more...] about Trump’s Economic Plan: A Manufacturing Resurgence or a New Era of Challenges?
A Century of Surplus: Celebrating 100 Years of Surplus Record!
In November 1924, a modest 30-page catalog made its debut in the industrial world. My great-grandfather, Thomas P. Scanlan, introduced it with these words:"With this issue, Surplus Record makes its initial appearance. It enters the group of trade and industrial publications as the marketing guide for used and surplus new equipment. It serves buyer and seller… It is truly the Industrial Bargain Sheet." Today, as we celebrate the 100th anniversary of Surplus Record, I reflect on a century of dedication to that original mission: serving as the premier marketplace for used and surplus industrial equipment, and staying true to our roots as "The Industrial Bargain Sheet." The Visionary BeginningsIn the early 1920s, while working for "American Machinist," my great-grandfather recognized a growing demand in the used machinery market. He … [Read more...] about A Century of Surplus: Celebrating 100 Years of Surplus Record!
October 2024 – Buy or Die an In-depth Look at Dealers Buying Equipment During a Downtime
As we wrap up the week at the 2024 International Manufacturing Tool Show, it's evident that machine tool sales—especially CNC machines—are slow. However, dealers are on the hunt, looking to buy. If you’re a seasoned dealer, you’ve likely experienced this before—the ups and downs that come with selling used equipment. The years 2021-2023 were some of the best ever for purchasing equipment, thanks to international supply chain disruptions caused by COVID-19, which led many to buy used and surplus equipment domestically. Manufacturing surged again as the economy rebounded from COVID, but as the old saying goes, nothing lasts forever. Talking to dealers at the show, most agree: it’s slow right now. Why? Let’s take a look at the economy. The markets had a pretty lackluster summer. Interest rates are hovering above 6%, but we're beginning to … [Read more...] about October 2024 – Buy or Die an In-depth Look at Dealers Buying Equipment During a Downtime
Growing Machine Tool Market Forecast vs Slow Manufacturing Outlook
The global machine tools market is on a promising trajectory, with expectations for significant growth over the nextdecade. According to recent research, the market, valued at $95.29 billion in 2023, is projected to expand to $141.61 billion by2032, reflecting a compound annual growth rate (CAGR) of 4.5%. This growth is driven by several factors, including advancements in technology, the expansion of the metalworking industry, and an increasing demand for precision and efficiency in manufacturing processes. (Global Newswire - August 2024) Key Machine Tool TypesMachine tools encompass a wide range of equipment essential for various manufacturing processes. Among the most significant are CNC (Computer Numerical Control) machines, including lathes, mills, drills, and grinders. Each of these tools plays a critical role in the production of … [Read more...] about Growing Machine Tool Market Forecast vs Slow Manufacturing Outlook
