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The report, titled "Global Metal Cutting Tools Market 2017-2021," states that the market will exhibit a promising 9% CAGR by 2021. The report segments the global metal cutting tools market on the basis of product type into drilling tools, milling tools, rotary tools, and turning tools. The Report Global Metal Cutting Tools Market 2017-2021 provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. The global market for metal cutting tools features a highly fragmented competitive landscape owing to the presence of a large number of players. This trend will continue to have a significant impact on the overall development of the metal cutting tools market over the report's forecast period.
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"Declining retail prices coupled with a slowdown in miles driven in recent months point to a decline in retail dollar sales in 2017. The U.S. automotive aftermarket industry reached $15 billion in retail sales in 2016, growing 2.9 percent over the previous year, according to global information company The NPD Group. While dollar growth slowed, unit/quart growth accelerated, which correlates closely to the decline in overall average selling price. "Declining retail prices driven by a push for private-label along with an increase in deeper promotions is behind this dollar/unit retail dichotomy. "Overall, 2016 had the lowest gasoline prices on record out of the past five years, inspiring consumers to drive more.
In a press release, the NPD Group's director and automotive industry analyst, Nathan Shipley, commented on the reasons for the U.S. automotive industry's successful year. The U.S. automotive industry has long been a barometer parallel to the country's overall economic performance. Following successful job growth over the last few years, it's no surprise that the automotive industry has done quite well in the past year. "Declining retail prices driven by a push for private-label along with an increase in deeper promotions is behind this dollar/unit retail dichotomy," he said. "Though the dollar sales growth rate has slowed, a number of factors helped the industry to stay on the plus side in 2016.
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collected by :John Max
as declared in
US Automotive Aftermarket Industry Swayed By Lower Retail Pricing, Weather Patterns In 2016, Reports NPD Group
"Declining retail prices coupled with a slowdown in miles driven in recent months point to a decline in retail dollar sales in 2017. The U.S. automotive aftermarket industry reached $15 billion in retail sales in 2016, growing 2.9 percent over the previous year, according to global information company The NPD Group. While dollar growth slowed, unit/quart growth accelerated, which correlates closely to the decline in overall average selling price. "Declining retail prices driven by a push for private-label along with an increase in deeper promotions is behind this dollar/unit retail dichotomy. "Overall, 2016 had the lowest gasoline prices on record out of the past five years, inspiring consumers to drive more.
In a press release, the NPD Group's director and automotive industry analyst, Nathan Shipley, commented on the reasons for the U.S. automotive industry's successful year. The U.S. automotive industry has long been a barometer parallel to the country's overall economic performance. Following successful job growth over the last few years, it's no surprise that the automotive industry has done quite well in the past year. "Declining retail prices driven by a push for private-label along with an increase in deeper promotions is behind this dollar/unit retail dichotomy," he said. "Though the dollar sales growth rate has slowed, a number of factors helped the industry to stay on the plus side in 2016.
read more visit us industry
collected by :John Max
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