| Sales of new and used machinery have declined | | | | under, there is a huge array of used machinery at |
| considerably in the last 12-18 months during the Global | | | | bargain prices. Companies have been able to save |
| Financial Crisis as companies big and small slash | | | | thousands on metalworking machinery such as |
| expenditure and put a stop to expansion and growth | | | | presses, lathes, CNC machinery and grinders, as well |
| plans. | | | | as woodworking machinery such table saws, panels |
| One of the hardest hit industries is the machinery | | | | saws, sanders and edgebanders can be picked up for |
| industry, both new machinery manufacturers and | | | | well below market value simply because companies |
| used machinery dealers. Companies around the world | | | | are desperate to sell their machinery. |
| have put on hold any expansion plans that would | | | | Marketplaces such as have been inundated with new |
| have resulted in the purchase of machinery to boost | | | | and used machinery and machine tools from the |
| productivity or manufacture new products. | | | | woodworking and metalworking industries as a great |
| New Machinery Sales has declined up to 80% in 2008 | | | | way for companies to buy machinery at a great price |
| 2009 when compared with 2006/2007. Used | | | | or to sell machinery quickly and easily. |
| machinery has not been hit as hard as companies are | | | | As companies start to gain confidence in the |
| looking for second hand or pre-loved machine tools | | | | economy, Machine Sales are expected to rise in 2010 |
| which are cheaper but often just as good as new | | | | 2011 however it will be a long road back to the |
| machinery. | | | | success seen in 2008. |
| In today's climate with a lot of companies going | | | | |