Article Written By: Clayton Arnold
The way we are conducting business has changed. The metalworking industry has seen its growth slow dramatically due to the outbreak of the COVID-19 Virus and supply chain disruptions all over the world. A recent study conducted by IBISWorld showed that revenue decreased 11.3% in 2020. In addition to revenue decreasing, the study also found that the industry’s profit margin decreased and is expected to stay that way for the foreseeable future.
With a shortage of raw materials due to various supply chain challenges slowing and causing delays in production, many decision-makers are looking for additional ways to drive more revenue into their operations while eliminating any unnecessary costs.
As the demand for metalworking machinery continues to grow in the second market, more organizations have started exploring selling idle or surplus machinery and equipment to help clear up expensive storage space, while adding cash back to the bottom line.
Why sell your used & surplus metalworking machinery
Types of metalworking machinery in high demand on the second market
How much is my used metalworking machinery worth?
When pricing metalworking machinery, there are several factors you must consider. Being aware of each of these factors will allow you to quickly and easily determine a valuation for your equipment. Factors that need to be considered include:
Determining the value of your metalworking machinery can be complicated and time-consuming, but it does not have to be that way. With the Aucto Asset Valuation tool, you can find out what your metalworking machinery is worth at no cost in a few easy steps!
The Aucto Asset Valuation Tool uses multiple credible and verified third-party sources to provide real-time data on the latest average value of your equipment and machinery.
All you have to do is send us a list of your assets. There are no costs or obligations.
Fill out the form below and send us your list of assets. Our Asset Recovery Experts will be in touch within 1 business day to give you your valuation.
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Written By: Jamil Rahman