MT Magazine March/April 2022

THE BIG PICTURE

INCREASED MACHINE VALUE POINTS TO A RISE IN AUTOMATION 2021 was a record year for manufacturing orders in the United States. Using USMTO data, we see that the average value of machines increases as unemployment decreases. The increase in machine value is likely due to additional automation being added, which is needed to overcome labor shortages caused by a tight job market.

TOTAL VALUE OF MACHINE ORDERS IN THE U.S. IN 2021 $5.9B

COVERED BY USMTO 232

NUMBER OF INDIVIDUAL TECHNOLOGIES

AVERAGE MONTHLY DATA SUBMISSIONS FROM BUILDERS AND DISTRIBUTORS 176