Orders of Manufacturing Tech Hit Nearly $6 Billion in 2021
Last year was a banner year for sellers of manufacturing technology. According to a February 14 report from the Association for Manufacturing Technology, technology orders from manufacturers broke $5.9 billion last year, the highest year on record.
According to AMT, the later half of the year in particular saw orders increase dramatically. August through December 2021, the association reported, saw a streak of orders breaking $500 million each month, the first such five-month streak on the agency’s records.
In total, the $5.9 billion spent on manufacturing technology in 2021 was more than twice what was spent in 2020. AMT reports the $5.9 million in 2021 orders beat 2020’s $3.8 million total by 55%.
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