These industries are increasing their equipment investments the most

Mother and daughter sliding down water slide, sitting together at inflatable ring and making water splashes.
Shutterstock // Olya Humeniuk

- Growth in equipment spending, 2021-22: $1.72 billion (+29%)
- Total expenditures for equipment: $7.74 billion
- Share of total industry expenses put toward equipment: 40.6%

#25. Amusement, gambling, and recreation industries
A welder in protective gear, including a mask, working on metal.
Shutterstock //Parilov

- Growth in equipment spending, 2021-22: $1.73 billion (+39%)
- Total expenditures for equipment: $6.13 billion
- Share of total industry expenses put toward equipment: 83.0%

#24. Industrial, metalworking, and general-purpose machinery manufacturing
A row of oil pump rigs.
Shutterstock // ded pixto

- Growth in equipment spending, 2021-22: $1.86 billion (+20%)
- Total expenditures for equipment: $11.13 billion
- Share of total industry expenses put toward equipment: 12.5%

#23. Oil and gas extraction
A young woman in a business attire sitting at the desk holding a phone close to her ear.
Shutterstock // BearFotos

- Growth in equipment spending, 2021-22: $1.89 billion (+32%)
- Total expenditures for equipment: $7.80 billion
- Share of total industry expenses put toward equipment: 70.4%

#22. Office administrative, facilities, employment, and other support services
People wearing green vests and helemts are standing in front of tall shelves stacked with various merchandise.
Shutterstock // PradeepGaurs

- Growth in equipment spending, 2021-22: $2.14 billion (+22%)
- Total expenditures for equipment: $12.03 billion
- Share of total industry expenses put toward equipment: 65.8%

#21. Merchant wholesalers, nondurable goods
A woman and man walking in an industrial facility. One car is on the floor while the other one is suspended high.
Shutterstock // Gorodenkoff

- Growth in equipment spending, 2021-22: $2.18 billion (+55%)
- Total expenditures for equipment: $6.11 billion
- Share of total industry expenses put toward equipment: 52.8%

#20. Motor vehicle and parts dealers
Young woman customer looking at pieces of clothing in a store, retail sales associate is standing next to her.
Shutterstock // Gorodenkoff

- Growth in equipment spending, 2021-22: $2.27 billion (+18%)
- Total expenditures for equipment: $14.85 billion
- Share of total industry expenses put toward equipment: 48.5%

#19. General merchandise stores
Black woman chef holding a pan with vegetables in the kitchen at restaurant.
Shutterstock // Drazen Zigic

- Growth in equipment spending, 2021-22: $2.43 billion (+21%)
- Total expenditures for equipment: $14.16 billion
- Share of total industry expenses put toward equipment: 47.2%

#18. Food services and drinking places
Three male workers are holding car body parts in a car factory.
Shutterstock // Vasily Smirnov

- Growth in equipment spending, 2021-22: $2.60 billion (+9%)
- Total expenditures for equipment: $32.47 billion
- Share of total industry expenses put toward equipment: 84.7%

#17. Motor vehicle, body, trailer, and parts manufacturing
Three people sitting at desks in a dark lit room looking at the multiple screens in front of them. One man holding a laptop is facing three other people in the room.
Shutterstock // Gorodenkoff

- Growth in equipment spending, 2021-22: $2.73 billion (+42%)
- Total expenditures for equipment: $9.25 billion
- Share of total industry expenses put toward equipment: 96.7%

#16. Investigation, security, and services to buildings and dwellings
Two men wearing ornage vests and helmets at the construction site with tall metal rods and a tall crane.
Shutterstock // BELL KA PANG

- Growth in equipment spending, 2021-22: $3.11 billion (+29%)
- Total expenditures for equipment: $13.67 billion
- Share of total industry expenses put toward equipment: 86.7%

#15. Heavy and civil engineering construction
A large ornage and yellow gas station.
Shutterstock // Scharfsinn

- Growth in equipment spending, 2021-22: $3.34 billion (+19%)
- Total expenditures for equipment: $21.32 billion
- Share of total industry expenses put toward equipment: 62.8%

#14. Other retail trade stores, including gasoline stations
Two men dressed in white work robes and white hats standing in front of the equipment in a factory.
Shutterstock // Gorodenkoff

- Growth in equipment spending, 2021-22: $3.55 billion (+18%)
- Total expenditures for equipment: $23.54 billion
- Share of total industry expenses put toward equipment: 74.1%

#13. Food manufacturing
A heavy, tall machinery covered in snow and a trailer parked close by.
Shutterstock // LiteHeavy

- Growth in equipment spending, 2021-22: $3.62 billion (+77%)
- Total expenditures for equipment: $8.31 billion
- Share of total industry expenses put toward equipment: 80.8%

#12. Support activities for oil and gas operations
A close-up of a hand holding a barcode scanner pointing to the pile of boxes.
Shutterstock // Dmitry Kalinovsky

- Growth in equipment spending, 2021-22: $4.31 billion (+24%)
- Total expenditures for equipment: $22.27 billion
- Share of total industry expenses put toward equipment: 73.6%

#11. Merchant wholesalers, durable goods
Truck traffic on the highway going in both directions among green flat land.
Shutterstock // Mike Mareen

- Growth in equipment spending, 2021-22: $5.06 billion (+33%)
- Total expenditures for equipment: $20.48 billion
- Share of total industry expenses put toward equipment: 93.4%

#10. Truck transportation
A sillouhette of a man's back surrounded by black racks with equipment.
Shutterstock // Gorodenkoff

- Growth in equipment spending, 2021-22: $5.27 billion (+20%)
- Total expenditures for equipment: $31.26 billion
- Share of total industry expenses put toward equipment: 62.6%

#9. Data processing, hosting, and related services
Two men looking at charts on a computer screen in an office.
Shutterstock // Ground Picture

- Growth in equipment spending, 2021-22: $5.54 billion (+42%)
- Total expenditures for equipment: $18.79 billion
- Share of total industry expenses put toward equipment: 70.7%

#8. Securities, commodity contracts, and other financial investments and related activities
A young couple sitting opposite a man in a suite at the desk looking over documents.
Shutterstock // Panumas Yanuthai

- Growth in equipment spending, 2021-22: $6.25 billion (+24%)
- Total expenditures for equipment: $32.60 billion
- Share of total industry expenses put toward equipment: 67.8%

#7. Depository credit intermediation
A huge yellow crawler excavator and a construction dump truck standing next to it while working on a sunny day against a blue sky.
Shutterstock // Anna Pasichnyk

- Growth in equipment spending, 2021-22: $7.70 billion (+31%)
- Total expenditures for equipment: $32.61 billion
- Share of total industry expenses put toward equipment: 98.0%

#6. Commercial and industrial machinery and equipment rental and leasing
Tall telecommunication towers with TV antennas and satellite dish on clear blue sky.
Shutterstock // Sasin Paraksa

- Growth in equipment spending, 2021-22: $8.73 billion (+13%)
- Total expenditures for equipment: $77.15 billion
- Share of total industry expenses put toward equipment: 76.3%

#5. Wired and wireless telecommunications carriers, cable and other program distribution, broadband internet services providers
Black man working on desktop computer in a dimmed office.
Shutterstock // Gorodenkoff

- Growth in equipment spending, 2021-22: $10.17 billion (+130%)
- Total expenditures for equipment: $18.00 billion
- Share of total industry expenses put toward equipment: 90.1%

#4. Software publishers (except internet)
A white robot arm inside bright electronics factory.
Shutterstock // IM Imagery

- Growth in equipment spending, 2021-22: $11.63 billion (+62%)
- Total expenditures for equipment: $30.31 billion
- Share of total industry expenses put toward equipment: 74.9%

#3. Semiconductor and other electronic component manufacturing
Few people in green vests are loading cargo on to the plane at the airport.
Shutterstock // mariakray

- Growth in equipment spending, 2021-22: $11.92 billion (+107%)
- Total expenditures for equipment: $23.02 billion
- Share of total industry expenses put toward equipment: 89.4%

#2. Air transportation
A young woman, holding a white cable, examines the IT equipment while a man beside her holds a laptop in a server room.
Shutterstock // PeopleImages.com - Yuri A

- Growth in equipment spending, 2021-22: $14.00 billion (+49%)
- Total expenditures for equipment: $42.82 billion
- Share of total industry expenses put toward equipment: 62.7%

*This broad industry includes web search portals, news syndicates, libraries, archives, and internet publishing and broadcasting sites.

Story editing by Alizah Salario. Copy editing by Paris Close. Photo selection by Ania Antecka.

#1. Other information services*
A woman construction worker wearing a heavy-duty bright green jacket and helmet sitting in front of the computer screen showing a 3D model pointing to the screen in front of a male construction worker.
Shutterstock // Gorodenkoff