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Manufacturing Technology Orders Up 26.5% in 1Q 2022 

Jonathan Bein · May 10, 2022 · Leave a Comment

The Association for Manufacturing Technology reported manufacturing technology had the strongest first quarter in more than two decades with orders totaling $1.47 billion, 26.5% higher than the first quarter of 2021 and the highest first quarter since 1998.  

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According to the latest U.S. Manufacturing Technology Orders Report, monthly orders surpassed half a billion dollars for the first time, totaling $552.3 million in March. March orders were also 15.2% higher than February orders. 

“The first quarter of 2022 has been extremely impressive for manufacturing technology orders. Previous forecasts had predicted a strong beginning to 2022 and a soft summer, which would rebound by IMTS in September, as summer orders are often delayed in anticipation of new products being exhibited at IMTS. However, inflation, the war and saber-rattling in the east are creating a level of uncertainty and risk that businesses must consider. Despite these challenges, we see the manufacturing sector continuing to invest in additional capacity,” AMT Chief Knowledge Officer Pat McGibbon said.  

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About Jonathan Bein

Jonathan Bein, Ph.D. is Managing Partner at Distribution Strategy Group. He’s developed customer-facing analytics approaches for customer segmentation, customer lifecycle management, positioning and messaging, pricing and channel strategy for distributors that want to align their sales and marketing resources with how their customers want to shop and buy. If you’re ready to drive real ROI, reach out to Jonathan today at [email protected].

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