CANADA'S LEADING INFORMATION SOURCE FOR THE METALWORKING INDUSTRY

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CANADA'S LEADING INFORMATION SOURCE FOR THE METALWORKING INDUSTRY

CANADA'S LEADING INFORMATION SOURCE FOR THE METALWORKING INDUSTRY

INSIDE THE NUMBERS: The most popular machinery investments for Canadian job shops

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Almost a quarter of Canadian machining shops plan to invest in automation and robotics this year, according to our annual research. PHOTO courtesy Doosan Robotics.

Our annual Equipment Purchasing Intentions Survey indicates almost three quarter (74%) are planning to continue investing in machinery for 2023 at the same or higher rate than the previous year.

But exactly which types of machinery are they most likely to purchase in 2023. Our Survey also looked into that for both the chip side of the business as well as for fabricating and welding. Let’s go Inside the Numbers to find out what will be the most popular investments on the chip side.

Although it’s no surprise that more than half of survey respondents indicated they will be investing in new cutting tools for 2023, and that more than quarter (27.3%) said they planned to invest in new machining centres, what is interesting is the number who are looking to invest in automation and robotics.

Almost a quarter of respondents (23.6%) said they would be investing in automation and robotics. That’s a significant increase from the 14.4% who said they would be investing in automation and robotics the previous year.

Source: Equipment Purchasing Intentions Survey 2022, Shop Metalworking Technology magazine

(To underscore how important we think this development is, the August issue of Shop Metalworking Technology magazine will be a special issue completely dedicated – cover to cover — to the topic of Automation and Robotics. There will be additional information provided through a special edition of our SHOP TALK newsletter and also on our website.)

Investing in new grinding and turning machines also figured prominently in this year’s purchasing plans.

In the next INSIDE the NUMBERS we will look into planned investments in fabricating and welding equipment.

READ NEXT:

INSIDE THE NUMBERS: Are Canadian metalworkers changing their equipment investment plans? – Shop Metalworking Technology (shopmetaltech.com)

INSIDE THE NUMBERS: How quickly will automation be adopted in manufacturing? – Shop Metalworking Technology (shopmetaltech.com)

INSIDE THE NUMBERS: Understanding Canada’s welding labour force characteristics – Shop Metalworking Technology (shopmetaltech.com)

INSIDE THE NUMBERS: How much do welders make in Canada? – Shop Metalworking Technology (shopmetaltech.com)INSIDE THE NUMBERS: How well educated are Canada’s welders? – Shop Metalworking Technology (shopmetaltech.com)

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