Manufacturing technology is building the world – and saving it. Take a look at the many advances in alternative energies, sustainable supply chains, carbon capture and sequestration, and more that are powered by manufacturing technology.
To read the rest of the Energy Issue of MT Magazine, click here.
Factors like reshoring and the expansion of the defense, medical, and space sectors drive manufacturing's adoption of emerging technologies like automation, additive manufacturing, generative AI, and digital twins. What are the barriers – or accelerators?
Shipments of cutting tools, measured by the Cutting Tool Market Report compiled in a collaboration between AMT and USCTI, totaled $179.5 million in December 2024, down 2% from November 2024. Shipments totaled $2.43 billion for 2024, down 0.6% from 2023.
Orders of manufacturing technology, measured by the USMTO report published by AMT, totaled $513.8 million in December 2024, the highest level since March 2023. This showed an increase of 15% from November 2024 and was 5.4% behind December 2023.
