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The 2009 Report on Manufacturing Metal Cutting Machine Tools Excluding Hand Tools: World Market Segmentation by City
ICON Group International, May 2009, Pages: 348
Market Potential Estimation Methodology
Overview
This study covers the world outlook for manufacturing metal cutting machine tools excluding hand tools across more than 2000 cities. For the year reported, estimates are given for the latent demand, or potential industry earnings (P.I.E.), for the city in question (in millions of U.S. dollars), the percent share the city is of the region and of the globe. These comparative benchmarks allow the reader to quickly gauge a city vis-à-vis others. Using econometric models which project fundamental economic dynamics within each country and across countries, latent demand estimates are created. This report does not discuss the specific players in the market serving the latent demand, nor specific details at the product level. The study also does not consider short-term cyclicalities that might affect realized sales. The study, therefore, is strategic in nature, taking an aggregate and long-run view, irrespective of the players or products involved.
This study does not report actual sales data (which are simply unavailable, in a comparable or consistent manner in virtually all of the cities of the world). This study gives, however, my estimates for the worldwide latent demand, or the P.I.E. for manufacturing metal cutting machine tools excluding hand tools. It also shows how the P.I.E. is divided across the world’s cities. In order to make these estimates, a multi-stage methodology was employed that is often taught in courses on international strategic planning at graduate schools of business.
What is Latent Demand and the P.I.E.?
The concept of latent demand is rather subtle. The term latent typically refers to something that is dormant, not observable, or not yet realized. Demand is the notion of an economic quantity that a target population or market requires under different assumptions of price, quality, and distribution, among other factors. Latent demand, therefore, is commonly defined by economists as the industry earnings of a market when that market becomes accessible and attractive to serve by competing firms. It is a measure, therefore, of potential industry earnings (P.I.E.) or total revenues (not profit) if a market is served in an efficient manner. It is typically expressed as the total revenues potentially extracted by firms. The “market” is defined at a given level in the value chain. There can be latent demand at the retail level, at the wholesale level, the manufacturing level, and the raw materials level (the P.I.E. of higher levels of the value chain being always smaller than the P.I.E. of levels at lower levels of the same value chain, assuming all levels maintain minimum profitability).
The latent demand for manufacturing metal cutting machine tools excluding hand tools is not actual or historic sales. Nor is latent demand future sales. In fact, latent demand can be lower either lower or higher than actual sales if a market is inefficient (i.e., not representative of relatively competitive levels). Inefficiencies arise from a number of factors, including the lack of international openness, cultural barriers to consumption, regulations, and cartel-like behavior on the part of firms. In general, however, latent demand is typically larger than actual sales in a city market.
Another reason why sales do not equate to latent demand is exchange rates. In this report, all figures assume the long-run efficiency of currency markets. Figures, therefore, equate values based on purchasing power parities across countries. Short-run distortions in the value of the dollar, therefore, do not figure into the estimates. Purchasing power parity estimates of country income were collected from official sources, and extrapolated using standard econometric models. The report uses the dollar as the currency of comparison, but not as a measure of transaction volume. The units used in this report are: US $ mln.
For reasons discussed later, this report does not consider the notion of “unit quantities”, only total latent revenues (i.e., a calculation of price times quantity is never made, though one is implied). The units used in this report are U.S. dollars not adjusted for inflation (i.e., the figures incorporate inflationary trends) and not adjusted for future dynamics in exchange rates (i.e., the figures reflect average exchange rates over recent history). If inflation rates or exchange rates vary in a substantial way compared to recent experience, actually sales can also exceed latent demand (when expressed in U.S. dollars, not adjusted for inflation). On the other hand, latent demand can be typically higher than actual sales as there are often distribution inefficiencies that reduce actual sales below the level of latent demand.
As mentioned earlier, this study is strategic in nature, taking an aggregate and long-run view, irrespective of the players or products involved. If fact, all the current products or services on the market can cease to exist in their present form (i.e., at a brand-, R&D specification, or corporate-image level) and all the players can be replaced by other firms (i.e., via exits, entries, mergers, bankruptcies, etc.), and there will still be an international latent demand for manufacturing metal cutting machine tools excluding hand tools at the aggregate level. Product and service offering details, and the actual identity of the players involved, while important for certain issues, are relatively unimportant for estimates of latent demand.
The Methodology
In order to estimate the latent demand for manufacturing metal cutting machine tools excluding hand tools on a city-by-city basis, I used a multi-stage approach. Before applying the approach, one needs a basic theory from which such estimates are created. In this case, I heavily rely on the use of certain basic economic assumptions. In particular, there is an assumption governing the shape and type of aggregate latent demand functions. Latent demand functions relate the income of a country, city, state, household, or individual to realized consumption. Latent demand (often realized as consumption when an industry is efficient), at any level of the value chain, takes place if an equilibrium in realized. For firms to serve a market, they must perceive a latent demand and be able to serve that demand at a minimal return. The single most important variable determining consumption, assuming latent demand exists, is income (or other financial resources at higher levels of the value chain). Other factors that can pivot or shape demand curves include external or exogenous shocks (i.e., business cycles), and or changes in utility for the product in question.
Ignoring, for the moment, exogenous shocks and variations in utility across countries, the aggregate relation between income and consumption has been a central theme in economics. The figure below concisely summarizes one aspect of problem. In the 1930s, John Meynard Keynes conjectured that as incomes rise, the average propensity to consume would fall. The average propensity to consume is the level of consumption divided by the level of income, or the slope of the line from the origin to the consumption function. He estimated this relationship empirically and found it to be true in the short-run (mostly based on cross-sectional data). The higher the income, the lower the average propensity to consume. This type of consumption function is labeled 'A' in the figure below (note the rather flat slope of the curve). In the 1940s, another macroeconomist, Simon Kuznets, estimated long-run consumption functions which indicated that the marginal propensity to consume was rather constant (using time series data across countries). This type of consumption function is show as 'B' in the figure below (note the higher slope and zero-zero intercept). The average propensity to consume is constant.
Is it declining or is it constant? A number of other economists, notably Franco Modigliani and Milton Friedman, in the 1950s (and Irving Fisher earlier), explained why the two functions were different using various assumptions on intertemporal budget constraints, savings, and wealth. The shorter the time horizon, the more consumption can depend on wealth (earned in previous years) and business cycles. In the long-run, however, the propensity to consume is more constant. Similarly, in the long run, households, industries or countries with no income eventually have no consumption (wealth is depleted). While the debate surrounding beliefs about how income and consumption are related and interesting, in this study a very particular school of thought is adopted. In particular, we are considering the latent demand for manufacturing metal cutting machine tools excluding hand tools across some 230 countries. The smallest have fewer than 10,000 inhabitants. I assume that all of these counties fall along a 'long-run' aggregate consumption function. This long-run function applies despite some of these countries having wealth, current income dominates the latent demand for manufacturing metal cutting machine tools excluding hand tools. So, latent demand in the long-run has a zero intercept. However, I allow firms to have different propensities to consume (including being on consumption functions with differing slopes, which can account for differences in industrial organization, and end-user preferences).
Given this overriding philosophy, I will now describe the methodology used to create the latent demand estimates for manufacturing metal cutting machine tools excluding hand tools. Since ICON Group has asked me to apply this methodology to a large number of categories, the rather academic discussion below is general and can be applied to a wide variety of categories, not just manufacturing metal cutting machine tools excluding hand tools.
Step 1. Product Definition and Data Collection
Any study of latent demand across countries requires that some standard be established to define “efficiently served”. Having implemented various alternatives and matched these with market outcomes, I have found that the optimal approach is to assume that certain key countries or cities are more likely to be at or near efficiency than others. These are given greater weight than others in the estimation of latent demand compared to others for which no known data are available. Of the many alternatives, I have found the assumption that the world’s highest aggregate income and highest income-per-capita markets reflect the best standards for “efficiency”. High aggregate income alone is not sufficient (i.e., China has high aggregate income, but low income per capita and can not assumed to be efficient). Aggregate income can be operationalized in a number of ways, including gross domestic product (for industrial categories), or total disposable income (for household categories; population times average income per capita, or number of households times average household income per capita). Brunei, Nauru, Kuwait, and Lichtenstein are examples of countries with high income per capita, but not assumed to be efficient, given low aggregate level of income (or gross domestic product); these countries have, however, high incomes per capita but may not benefit from the efficiencies derived from economies of scale associated with large economies. Only countries with high income per capita and large aggregate income are assumed efficient. This greatly restricts the pool of countries to those in the OECD (Organization for Economic Cooperation and Development), like the United States, or the United Kingdom (which were earlier than other large OECD economies to liberalize their markets).
The selection of countries is further reduced by the fact that not all countries in the OECD report industry revenues at the category level. Countries that typically have ample data at the aggregate level that meet the efficiency criteria include the United States, the United Kingdom and in some cases France and Germany.
Latent demand is therefore estimated using data collected for relatively efficient markets from independent data sources (e.g. Euromonitor, Mintel, Thomson Financial Services, the U.S. Industrial Outlook, the World Resources Institute, the Organization for Economic Cooperation and Development, various agencies from the United Nations, industry trade associations, the International Monetary Fund, and the World Bank). Depending on original data sources used, the definition of “manufacturing metal cutting machine tools excluding hand tools” is established. In the case of this report, the data were reported at the aggregate level, with no further breakdown or definition. In other words, any potential product or service that might be incorporated within manufacturing metal cutting machine tools excluding hand tools falls under this category. Public sources rarely report data at the disaggregated level in order to protect private information from individual firms that might dominate a specific product-market. These sources will therefore aggregate across components of a category and report only the aggregate to the public. While private data are certainly available, this report only relies on public data at the aggregate level without reliance on the summation of various category components. In other words, this report does not aggregate a number of components to arrive at the “whole”. Rather, it starts with the “whole”, and estimates the whole for all cities and the world at large (without needing to know the specific parts that went into the whole in the first place).
Given this caveat, this study covers “manufacturing metal cutting machine tools excluding hand tools” as defined by the North American Industrial Classification system or NAICS (pronounced “nakes”). For a complete definition of manufacturing metal cutting machine tools excluding hand tools, please refer to the Web site at http://www.icongrouponline.com/codes/NAICS.html. The NAICS code for manufacturing metal cutting machine tools excluding hand tools is 333512. It is for this definition of manufacturing metal cutting machine tools excluding hand tools that the aggregate latent demand estimates are derived. “Manufacturing metal cutting machine tools excluding hand tools” is specifically defined as follows:
333512
This U.S. industry comprises establishments primarily engaged in manufacturing metal cutting machine tools (except handtools).
3335121
METAL GEAR CUTTING MACHINES
33351211
Metal gear cutting machines
3335121100
Metal gear cutting machines
33351212
Metal gear cutting machines
3335121200
Metal gear cutting machines
3335122
Metal grinding, polishing, buffing, honing, & lapping machines, exc gear-tooth
33351220
Metal grinding, polishing, buffing, honing, and lapping machines, except gear~ tooth grinding, lapping, polishing, and buffing
3335122000
Metal grinding, polishing, buffing, honing, and lapping machines, except gear~tooth grinding, lapping, polishing, and buffing
3335122001
All grinding, polishing, buffing, honing, and lapping machines valued under $3,025 each
3335122006
Grinding, polish, buff, hone, and lap mach (except gear~tooth grinding, polish, buff, and lap mach) val at $3,025 each or more, external cylindrical grind mach, plain, including angular wheel types
3335122011
Grinding, polish, buff, hone, and lap mach (except gear~tooth grinding, polish, buff, and lap mach) val at $3,025 each or more, external cylindrical grinding machines, universal
3335122016
Grinding, polish, buff, hone, and lap mach (except gear~tooth grind, polish, buff, and lap mach) valued at $3,025 each or more, all other external grind mach, roll, chuck, centerless types
3335122021
Grinding, polish, buff, hone, and lap mach (except gear~tooth grinding, polish, buff, and lap mach) val at $3,025 each or more, surface grinding machines, rotary table type, horizontal and vertical
3335122026
Grinding, polish, buff, hone, and lap mach (except gear~tooth grind, polish, buff, and lap mach) val at $3,025 each or more, surface grind mach, reciprocat tbl type, incld face grinders, horiz & vert
3335122031
Grinding, polish, buff, hone, and lap mach (exc. gear~tooth grind, polish, buff, and lap mach) val at $3,025 each or more, surface grind mach, reciproc. tbl type, incld face grinders, hand & surface
3335122036
Grinding, polish, buff, hone, and lap mach (exc gear~tooth grind, polish, buff, and lap mach) val at $3,025 each or more, all oth. disc grind, bench, flr, snag, dbl spndl grind, & abrasive belt grind
3335122041
Grinding, polish, buff, hone, and lap mach (except gear~tooth grinding, polish, buff, and lap mach) val at $3,025 each or more, tool and cutter grinding machines
3335122046
Grinding, polish, buff, hone, and lap mach (except gear~tooth grind, polish, buff, and lap mach) val at $3,025 each or more, drill point grinders
3335122051
Grinding, polish, buff, hone, and lap mach (exc gear~tooth grind, polish, buff, and lap mach) val at $3,025 each or more, all other grind mach n.e.c., incld inter cylind, planer, & thread grind mach
3335122056
Grinding, polish, buff, hone, and lap mach (exc gear~tooth grind, polish, buff, and lap mach) val at $3,025 each or more, hone & lap mach (exc gear~tooth), internal, incld combin bore~hone, & external
3335122061
Grinding, polish, buff, hone, and lap mach (except gear~tooth grind, polish, buff, and lap mach) val at $3,025 each or more, flat surface lapping machines, except gear lapping
3335122066
Grinding, polish, buff, hone, and lap mach (exc gear~tooth grind, polish, buff, and lap mach) val at $3,025 each or more, all other hone & lap or polish & buff mach incld speed lathes & multistation
33351221
Metal grinding, polishing, buffing, honing, and lapping machines, except gear_ tooth grinding, lapping, polishing, and buffing machines
3335122100
Metal grinding, polishing, buffing, honing, and lapping machines, except gear_tooth grinding, lapping, polishing, and buffing machines
3335122101
Grinding, polishing, buffing, honing, and lapping machines (except gear tooth), valued under $3,025 each
3335122108
External cylindrical grinding machines (except gear tooth), valued at $3,025 each or more, plain and universal (including angular wheel types)
3335122116
External cylindrical grinding machines (except gear tooth), valued at $3,025 each or more, other types (including roll, chucking, centerless, etc.)
3335122120
Internal cylindrical grinding machines (except gear tooth), valued at $3,025 each or more
3335122122
Suface grinding machines (except gear tooth), valued at $3,025 each or more
3335122136
All other grinding machines (except gear tooth), valued at $3,025 each or more (including disc, bench, floor, snag, double spindle, and abrasive belt)
3335122142
Tool, cutter, and drill point grinding machines (except gear tooth), valued at $3,025 each or more, including universal and special
3335122151
All other miscellaneous grinding machines (except gear tooth), valued at $3,025 each or more (including planer type and thread grinding and deburring machines)
3335122156
Internal honing and lapping machines (except gear tooth), valued at $3,025 each or more, including combination bore_hone and external (except flat surface lapping machines)
3335122161
Flat surface lapping machines (except gear tooth), valued at $3,025 each or more
3335122166
Polishing and buffing machines (except gear tooth), valued at $3,025 each or more, including speed lathes and multi_station type
3335123
Metal lathes (turning machines) numerically & nonnumerically controlled
33351230
Metal lathes (turning machines) numerically and nonnumerically controlled
3335123000
Metal lathes (turning machines) numerically and nonnumerically controlled
3335123001
Lathes (turning machines) valued at $3,025 each or more, numerically controlled, horizontal, multiple spindle turning machines
3335123006
Lathes (turning machines) valued at $3,025 each or more, numerically controlled, horizontal, single spindle turning machines, chuck sizes up to and including 6 in.
3335123011
Lathes (turning machines) valued at $3,025 each or more, numerically controlled, horizontal, single spindle turning machines, chuck sizes over 6 in. but less than 10 in.
3335123016
Lathes (turning machines) valued at $3,025 each or more, numerically controlled, horizontal, single spindle turning machines, chuck sizes from 10 in. but less than 15 in.
3335123021
Lathes (turning machines) valued at $3,025 each or more, numerically controlled, horizontal, single spindle turning machines, chuck sizes 15 in. and over
3335123026
Lathes (turning machines) valued at $3,025 each or more, numerically controlled, vertical spindle, boring and turning machines
3335123031
Lathes (turning machines), all lathes, nonnumerically controlled turning machines, valued under $3,025 each
3335123036
Lathes (turning machines) valued at $3,025 each or more, nonnumerically controlled turning machines, horizontal spindle, engine or toolroom lathes, all types
3335123041
Lathes (turning machines) valued at $3,025 each or more, nonnumerically controlled turning machines, horizontal, automatic, single spindle
3335123046
Lathes (turning machines) valued at $3,025 each or more, nonnumerically controlled turning machines, horizontal automatic, multiple spindle, bar (screw) machines
3335123051
Lathes (turning machines) valued at $3,025 each or more, nonnumerically controlled turning machines, horizontal, automatic, multiple spindle, chucking machines
3335123056
Lathes (turning machines) valued at $3,025 each or more, all other horizontal lathes, nonnumerically controlled turning machines, (including turret lathes and automatic between center lathes)
3335123061
Lathes (turning machines) valued at $3,025 each or more, all vertical, nonnumerically controlled turning machines
33351231
Metal lathes (turning machines) numerically and nonnumerically controlled
3335123100
Metal lathes (turning machines) numerically and nonnumerically controlled
3335123101
Lathes (turning machines), valued at $3,025 each or more, numerically controlled, multiple horizontal spindle
3335123107
Lathes (turning machines), valued at $3,025 or more, numerically controlled, single horizontal spindle, chuck size less than 10 in., 25 hp and under, swing 18 in. an under, spindle nose A_8 in. and un
3335123116
Lathes (turning machines), valued at $3,025 or more, numerically controlled, single horizontal spindle, chuck size 10 to less than 15 in., 25 to 50 hp, swing 18 to 25 in., spindle nose A_8 to 11 in.
3335123121
Lathes (turning machines), valued at $3,025 or more, numerically controlled, single horizontal spindle, chuck size 15 in. and over, 50 hp and over, swing 25 in. and over, spindle nose 15 in. and over
3335123126
Lathes (turning machines), valued at $3,025 each or more, numerically controlled, vertical spindle
3335123131
Lathes (turning machines), valued under $3,025 each
3335123134
Lathes (turning machines), valued at $3,025 each or more, nonnumerically controlled
3335124
Metal milling machines (excluding machining centers)
33351240
Metal milling machines (excluding machining centers)
3335124000
Metal milling machines (excluding machining centers)
3335124001
All milling machines (excluding machining centers) valued under $3,025 each
3335124006
Milling machines (excluding machining centers) valued at $3,025 or more, general purpose, knee milling machines, all types
3335124011
Milling machines (excluding machining centers) valued at $3,025 or more, automatic, single spindle, multiple spindle, and special~purpose machines
3335124016
Milling machines (excluding machining centers) valued at $3,025 or more, profile machines and duplicators (including spar and skin millers)
3335124021
Milling machines (excluding machining centers) valued at $3,025 or more, all other milling machines, nec (including planer type and thread milling machines)
33351241
Metal milling machines (excluding machining centers)
3335124100
Metal milling machines (excluding machining centers)
3335124101
Milling machines (excluding machining centers), valued under $3,025 each
3335124106
Knee milling machines (excluding machining centers), valued at $3,025 each or more, general_purpose type
3335124111
Milling machines (excluding machining centers), valued at $3,025 each or more, automatic single spindle, multiple spindle, and general_purpose
3335124121
All other milling machines (excluding machining centers), valued at $3,025 each or more (including planer type and thread milling machines)
3335125
MACHINE TOOLS FOR HOME WORKSHOPS, LABORATORIES, GARAGES, ETC. (METALWORKING AND PRIMARILY METALWORKING ONLY)
33351251
Machine tools for home workshops, laboratories, garages, etc. (metalworking and primarily metalworking only)
3335125101
Metal drilling machines for home workshops, laboratories, garages, etc.
3335125106
Metal grinding and polishing machines for home workshops, laboratories, garages, etc. (including crankshaft regrinding and valve grinding machines)
3335125111
Metal lathes designed primarily for home workshops, labs, garages, etc.
3335125116
Metal sawing and cut_off machines for home workshops, laboratories, garages, etc.
3335125198
Other metalworking (or primarily metalworking) machines for home workshops, laboratories, garages, etc. (including automotive cylinder reboring machines and lathes)
3335125199
Other metalworking (or primarily metalworking) machines designed primarily for home workshops, labs, garages, etc., including automotive cylinder reboring machines
3335126
Parts for metal cutting machine tools (sold separately) & rebuilt machine tools
33351261
Parts for metal cutting type machine tools (sold separately), rebuilt metal cutting machine tools, and remanufactured metal cutting machine tools
3335126101
Parts for metal cutting machine tools (sold separately)
3335126106
Rebuilt metal cutting machine tools
3335126107
Rebuilt metal cutting type machine tools (including machines returned to same configuration they were in when new from factory)
3335126111
Remanufactured metal cutting_type machine tools (including machines in which the original carcass is reused and all possible modern improvements have been incorporated)
3335127
Metal machining centers (multifunction numerically controlled machines)
33351270
Metal machining centers (multifunction numerically controlled machines)
3335127000
Metal machining centers (multifunction numerically controlled machines)
3335127001
Other metal cutting machine tools, machining centers (multifunction numerically controlled machines), drill, mill, and bore, vertical (automatic tool change), Y~axis travel less than 20 in.
3335127006
Other metal cutting machine tools, machining centers (multifunction numerically controlled machines), drill, mill, & bore, vertical (automatic tool change), Y~axis travel 20 in. through 26 in.
3335127011
Other metal cutting machine tools, machining centers (multifunction numerically controlled machines), drill, mill, and bore, vertical (automatic tool change), Y~axis travel over 26 in.
3335127016
Other metal cutting machine tools, machining centers (multifunction numerically controlled machines), drill, mill, and bore, horizontal (automatic tool change), 400 mm pallet and smaller
3335127021
Other metal cutting machine tools, machining centers (multifunction numerically controlled machines), drill, mill, and bore, horizontal (automatic tool change), 401 mm~500 mm pallet
3335127026
Other metal cutting machine tools, machining centers (multifunction numerically controlled machines), drill, mill, and bore, horizontal (automatic tool change), 501 mm~630 mm pallet
3335127031
Other metal cutting machine tools, machining centers (multifunction numerically controlled machines), drill, mill, and bore, horizontal (automatic tool change), 631 mm~800 mm pallet
3335127036
Other metal cutting machine tools, machining centers (multifunction numerically controlled machines), drill, mill, and bore, horizontal (automatic tool change), 801 mm~1000 mm pallet
3335127041
Other metal cutting machine tools, machining centers (multifunction numerically controlled machines), drill, mill, and bore, horizontal (automatic tool change), over 1000 mm pallet
3335127046
Other metal cutting machine tools, machining centers (multifunction NC machines), all other mach centers incld special mach ctrs, spec adapting of std mach ctrs, and mach ctrs with indexing turret
33351271
Metal machining centers (multifunction numerically controlled machines)
3335127100
Metal machining centers (multifunction numerically controlled machines)
3335127101
Machining centers (multi_function numerically controlled machines), vertical (automatic tool change) drill, mill, and bore, Y_axis travel less than 20 in.
3335127106
Machining centers (multi_function numerically controlled machines), vertical (automatic tool change) drill, mill, and bore, Y_axis travel 20 through 26 in.
3335127111
Machining centers (multi_function numerically controlled machines), vertical (automatic tool change) drill, mill, and bore, Y_axis travel over 26 in.
3335127112
Machining centers (multi_function numerically controlled machines), horizontal (automatic tool change) drill, mill, and bore, under 500mm pallet
3335127113
Machining centers (multi_function numerically controlled machines), horizontal (automatic tool change) drill, mill, and bore, 500 to 800mm pallet
3335127114
Machining centers (multi_function numerically controlled machines), horizontal (automatic tool change) drill, mill, and bore, over 800mm pallet
3335127146
All other machining centers (multi_function numerically controlled machines), including special, special adapting of standard, and machining centers with indexing turret
3335128
Metal station type machines
33351280
Metal station type machines
3335128000
Metal station type machines
3335128001
Other metal cutting machine tools, station type machines, dial or rotary, trunnion, and center column
3335128006
Other metal cutting machine tools, station type machines, transfer (free, palletized, shuttle)
3335128011
Other metal cutting machine tools, other station type, nec
33351281
Metal station type machines
3335128100
Metal station type machines
3335128101
Machining centers (multi_function numerically controlled machines), station_type, dial or rotary, trunnion and center column
3335128106
Machining centers (multi_function numerically controlled machines), station_type, transfer (free, palletized, and shuttle)
3335128111
Machining centers (multi_function numerically controlled machines), all other station_type
3335129
Other metal cutting machine tools (exc those designed for home workshops, etc.)
33351290
Other metal cutting machine tools (except those designed primarily for home workshops, laboratories, garages, etc.)
3335129000
Other metal cutting machine tools (except those designed primarily for home workshops, laboratories, garages, etc.)
3335129001
Other metal cutting machine tools, nec, valued under $3,025
3335129006
Other metal cutting machine tools, nec, valued at $3,025 each or more, broaching machines, including internal surface, and all other broaching machines
3335129011
Other metal cutting machine tools, nec, valued at $3,025 each or more, sawing and cutoff machines, power hack saws
3335129016
Other metal cutting machine tools, nec, valued at $3,025 each or more, sawing and cutoff machines, circular cutoff saws (cold)
3335129021
Other metal cutting machine tools, nec, valued at $3,025 each or more, sawing and cutoff machines, band saws
3335129026
Other metal cutting machine tools, nec, valued at $3,025 each or more, sawing and cutoff machines, all other sawing and cutoff machines, including contour sawing and filing
3335129031
Other metal cutting machine tools, nec, valued at $3,025 each or more, spark erosion, untrasonic, and electrolytic machines, all types
3335129036
Other metal cutting machine tools, nec, valued at $3,025 each or more, miscellaneous metal cutting machine tools
33351291
Other metal cutting machine tools (except those designed primarily for home workshops, laboratorie
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