In the US, investment in manufacturing facilities expanded by more than threefold over the last four years, reaching nearly USD 235 billion in 2024. According to the Peterson Institute for International Economics, the US invested more on technology manufacturing facilities in 2024 than it did in the prior 20 years combined. Importantly, those figures include only the structures and facilities, not the capital equipment used in production. Given the typical lag between construction and the outfitting of new sites with machinery and labor, the runway is now set for an acceleration in robotics, automation and capital equipment spending. Although the Trump administration has shifted its focus to tariffs rather than fiscal policy to spur manufacturing, many key investments are already well underway.
Source: US Census Bureau, April 2025