AMT reports solid market growth in U.S. manufacturing technology orders

April 21, 2021
U.S. manufacturing technology orders totaled $377.6 million in February 2021, a 17.8% increase from January 2021 and a 34.2% increase over February 2020, according to the latest U.S. Manufacturing Technology Orders report.

According to the The Association for Manufacturing Technology (AMT; McLean, VA) U.S. Manufacturing Technology Orders report, the year-to-date total of U.S. manufacturing technology orders was $698.2 million, a 22.4% increase over the first two months of 2020. Sales in February 2021 increased 17.8% over January 2021.

Douglas K. Woods, president of AMT said, “February was the fourth-straight month of year-over-year gains in manufacturing technology orders, signaling the recent strength is likely the beginning of a sustained recovery following the 2020 recession.” He cited markedly increased orders in February in medical equipment manufacturers (a strong industrial laser market), likely the result of increased hospital capacity allowing delayed elective procedures to be scheduled.

Woods went on, “Increased consumer demand throughout the economy is evidenced by an increase in total spending. In January 2020, before pandemic-induced shutdowns, total consumer spending was nearly $15 trillion. After falling during the pandemic, consumer spending rebounded in the beginning of 2021 beyond the pre-pandemic level.”

He concluded. “From discussions we’ve had with manufacturers, it seems clear that companies that were more bullish in their forecasts kept their inventories at a higher level and invested more heavily in capital equipment, and those who found ways to shorten their supply chains to ensure that they could fill orders kept pace with demand and drove February’s phenomenal numbers.”

AMT’s report coincides with supporting data from other organizations and companies citing strong growth in the manufacturing sector in the U.S.  An Industrial Laser Solutions unscientific survey of conditions in the industrial laser market also shows unexpected revenue growth. Some conclude that pent-up buying demand, led by pandemic buying shutdowns, may be the cause in the spurt in sales. If so, this good news is at least a relief from months of no news and action.

Sponsored Recommendations

Request a quote: Micro 3D Printed Part or microArch micro-precision 3D printers

April 11, 2024
See the results for yourself! We'll print a benchmark part so that you can assess our quality. Just send us your file and we'll get to work.

Request a free Micro 3D Printed sample part

April 11, 2024
The best way to understand the part quality we can achieve is by seeing it first-hand. Request a free 3D printed high-precision sample part.

How to Tune Servo Systems: The Basics

April 10, 2024
Learn how to tune a servo system using frequency-based tools to meet system specifications by watching our webinar!

Precision Motion Control for Sample Manipulation in Ultra-High Resolution Tomography

April 10, 2024
Learn the critical items that designers and engineers must consider when attempting to achieve reliable ultra-high resolution tomography results here!

Voice your opinion!

To join the conversation, and become an exclusive member of Laser Focus World, create an account today!