The CNC Machine and Manufacturing Space Looks Towards Record Growth With Reinvestment into the United States
The U.S. manufacturing industry is experiencing a solid rate of growth over the past two years and could grow at a much quicker pace shortly. According to the National Association of Manufacturers (NAM), the manufacturing industry accounted for approximately 11.7% of the U.S. Gross Domestic Product (GDP) in 2020, generating $2.33 trillion in economic output. Additionally, the Institute for Supply Management (ISM) reported that the manufacturing sector is poised for further expansion in 2024.
Generally, CNC machines are designed to have a service life of at least 10-15 years. Some higher-end models can last for up to 25 years or more. However, the lifespan of a machine also depends on how frequently it is used and the level of maintenance it receives.
Regular maintenance is essential for extending the lifespan of a CNC machine. Routine inspections, cleaning, and lubrication can help prevent wear and tear, reduce the likelihood of breakdowns, and ensure that the machine operates at optimal performance.
