Key Highlights
- The global construction industry was valued at approximately $10.7 trillion in 2022
- The manufacturing sector contributes about 16% to the world's GDP as of 2023
- The global employment in agriculture decreased from 55% in 1980 to around 27% in 2022
- The logistics industry is projected to reach a value of $15.5 trillion by 2023
- The construction sector accounts for about 13% of global energy consumption
- Over 40% of global emissions are linked to industries including manufacturing and construction
- The average age of an automobile in the United States is over 12 years, indicating slow turnover in vehicle manufacturing
- The global furniture market is expected to reach $662 billion by 2027
- The world’s largest shipbuilder, Hyundai Heavy Industries, builds over 50 ships per year
- The global aerospace manufacturing industry generated revenues of approximately $422 billion in 2022
- Approximately 8% of global electricity consumption is used in the telecommunications industry
- The global fashion industry is valued at over $1.9 trillion as of 2023
- The steel industry consumes about 7-9% of the world's industrial energy
Human Industry: powering our world with a staggering $10.7 trillion construction market, a $16 trillion manufacturing sector, and industries responsible for over 40% of global emissions, shaping economies and environments alike.
Economy and Industry Contributions
- Over 40% of global emissions are linked to industries including manufacturing and construction
Economy and Industry Contributions Interpretation
Employment and Workforce Trends
- The global employment in agriculture decreased from 55% in 1980 to around 27% in 2022
- The electronics manufacturing industry employs over 14 million people worldwide
- The renewable energy sector has created over 12 million jobs globally as of 2023
- The furniture industry employs over 20 million people worldwide
- The global mining sector employs around 5 million people directly, with a significant number of jobs in extraction and processing
Employment and Workforce Trends Interpretation
Industry Market Sizes and Projections
- The global construction industry was valued at approximately $10.7 trillion in 2022
- The manufacturing sector contributes about 16% to the world's GDP as of 2023
- The logistics industry is projected to reach a value of $15.5 trillion by 2023
- The average age of an automobile in the United States is over 12 years, indicating slow turnover in vehicle manufacturing
- The global furniture market is expected to reach $662 billion by 2027
- The world’s largest shipbuilder, Hyundai Heavy Industries, builds over 50 ships per year
- The global aerospace manufacturing industry generated revenues of approximately $422 billion in 2022
- The global fashion industry is valued at over $1.9 trillion as of 2023
- The global cement industry accounts for roughly 8% of global CO2 emissions
- The apparel manufacturing sector produces approximately 80 billion pieces of clothing annually
- The logistics industry saw a 4.2% growth rate in 2022 despite global economic uncertainties
- The global oil and gas industry invested over $1.3 trillion in capital expenditures in 2022
- The world's largest electronics manufacturing hub, Shenzhen, China, produces goods valued at over $500 billion annually
- The global printing industry is valued at approximately $400 billion as of 2023
- The global mining industry generates roughly $1.8 trillion annually in revenue
- The automotive industry invested approximately $120 billion in R&D in 2022 worldwide
- The world's largest shipbuilding order in recent history was for 114 vessels worth over $14 billion in 2021
- The global textiles industry is projected to reach $1.46 trillion by 2025
- The construction industry’s global market size is expected to grow at a CAGR of 4.2% between 2023 and 2030
- The global packaging industry is worth over $900 billion, with e-commerce fueling significant growth
- The global shipbuilding market is expected to grow at a CAGR of 4.1% from 2023 to 2028
- The global energy storage market is projected to reach $21 billion by 2027, driven largely by renewable integration
- The global plumbing fixtures market size was valued at over $97 billion in 2022
- The global HVAC (heating, ventilation, and air conditioning) market is forecasted to reach $271 billion by 2028
- The industrial robotics market is expected to reach $23 billion by 2027
- The global fast-moving consumer goods (FMCG) sector is valued at over $15 trillion
- The global semiconductor industry revenue reached approximately $595 billion in 2022
- Construction aggregate demand in the U.S. is projected to grow at an average annual rate of 3.5% through 2030
- The global telecommunication infrastructure market was valued at $850 billion in 2022
- The global steel production reached about 1.9 billion tonnes in 2022
- The worldwide mining equipment market size is projected to reach $130 billion by 2027
- The global aviation industry is expected to generate $52 billion in profits in 2023
- The industrial automation market is predicted to be worth $314 billion by 2026
- The global carpentry tools market is valued at over $10 billion as of 2023
- The global wind turbine market is projected to grow at a CAGR of 10.4% from 2022 to 2028
- The world's largest oil refinery, Jamnagar in India, has a refining capacity exceeding 1.2 million barrels per day
- The industrial gas market size is valued at over $90 billion as of 2023
- The global logistics automation market is expected to reach $27 billion by 2027, driven by e-commerce and supply chain needs
- The global asphalt market is projected to reach $92 billion by 2028, driven by road construction needs
- The global mining minerals market is estimated to reach $1.2 trillion by 2027
- The world's largest shipbuilding order book is held by China, with orders valued at over $150 billion as of 2023
- The global electrical equipment manufacturing industry adds approximately $2.4 trillion annually to the economy
- The global scaffolding market is expected to grow at a CAGR of 6.5% from 2023 to 2030
- The world’s largest offshore oil field, Ghawar, Saudi Arabia, produces over 5 million barrels of oil daily
- The global industrial pumps market size was valued at over $13 billion in 2022
- The construction safety equipment market is projected to reach $6.8 billion by 2028, with increasing safety standards
- The global commercial vehicle manufacturing industry is expected to grow at a CAGR of 3% through 2027
- The world's largest automotive manufacturing country is China, holding approximately 28% of global production in 2022
- The global renewable energy equipment industry is valued at over $250 billion, with solar PV leading the market
- The world's largest wind farm, Hornsea One in the UK, has a capacity of 1.2 GW
- The global manufacturing robots market is projected to reach $12 billion by 2026
- The global packaging machinery market is expected to reach $50 billion by 2025, driven by automation trends
- The global aluminum industry generates more than $150 billion annually, with China being the largest producer
- The world's largest passenger railway network is in China, with over 100,000 kilometers of track
- The global industrial adhesives market is projected to reach $14 billion by 2025, driven by construction and automotive industries
- The digitalization of manufacturing processes, known as Industry 4.0, is expected to add nearly $1 trillion to global manufacturing output by 2025
- The global solar panel industry installed over 180 GW of capacity in 2022, a record-breaking year
- The world's largest cement plant, in North Korea, has an annual capacity exceeding 10 million tonnes
- The global pipeline construction market is projected to grow at a CAGR of 5.8% from 2023 to 2028, driven by energy infrastructure needs
- The world's largest offshore wind farm, the Gode Wind, Germany, has a capacity of 582 MW
- The global industrial cleaning market is valued at over $50 billion as of 2023, driven by manufacturing, food processing, and healthcare sectors
- The global EV (electric vehicle) manufacturing sector is projected to reach over $800 billion by 2027, with China and Europe leading
- The world's largest port by container throughput is the Port of Shangai, handling over 43 million TEUs in 2022
- The global industrial gases market is projected to grow at a CAGR of 4.1% from 2022 to 2030, fuelled by applications in manufacturing and healthcare
- The global digital factory market size is expected to surpass $100 billion by 2030, driven by automation and IoT integration
- The world’s largest underground metro system is in Seoul, South Korea, with over 300 km of track
- The global industrial wiring devices market is valued at $15 billion as of 2023, driven by construction and automation
- The world’s largest electric power grids are in North America and China, covering over 100,000 km of transmission lines
- The global industrial sensor market is expected to reach $25 billion by 2026, driven by IoT and automation applications
- The total global number of construction projects in 2022 exceeded 1.1 million, valued at over $15 trillion
- The world's largest auto parts manufacturing industry is in Germany, producing over €150 billion in parts annually
- The global industrial 3D printing market is expected to reach $13 billion by 2027, driven by aerospace and automotive sectors
- The global cement consumption is expected to increase by an average of 2.4% annually through 2030, driven by infrastructure growth
Industry Market Sizes and Projections Interpretation
Sector and Material Consumption
- The construction sector accounts for about 13% of global energy consumption
- Approximately 8% of global electricity consumption is used in the telecommunications industry
- The steel industry consumes about 7-9% of the world's industrial energy
- The world's largest bridge, the Danyang-Kunshan Grand Bridge in China, is over 164.8 km long
- The world's largest data center market, in the US, consumes over 200 terawatt-hours of electricity annually
- The world's biggest steel-consuming country, China, accounts for roughly 50% of global steel demand
Sector and Material Consumption Interpretation
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