Gitnux/Report 2026

Industrial Industry Statistics

Global industrial output is projected to grow modestly in 2024—find the key manufacturing, automation, software, and decarbonization stats shaping industrial momentum.
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July 26, 2026Updated
Industrial Industry Statistics
Henrik DahlWritten by Henrik Dahl·Edited by Katherine Brennan·Fact-checked by Rebecca Hargrove
Published ·Updated
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Industrial output is being reshaped by investment, efficiency gains, and rising automation—supported by markets for industrial software, robotics, and industrial IoT. Alongside decarbonization pressure, energy and water constraints are influencing how factories operate and spend. We also track trade and policy forces, from Europe’s CBAM to China’s evolving battery supply chains and global infrastructure demand, to show what’s changing on the factory floor.

Key Takeaways

  • 2024 total U.S. industrial production increased by 2.2% year over year (seasonally adjusted) indicating output expansion across the industrial sector
  • 2024 U.S. industrial production index averaged 108.7 (2017=100) reflecting the overall scale of industrial output
  • 1.5% was the 2024 average annual growth rate of global industrial production (index, 2015=100) showing modest expansion
  • $3.8 trillion global industrial manufacturing output (gross output proxy) is projected for 2024 by Statista’s manufacturing output dataset (latest year shown)
  • $6.7 billion global industrial IoT market size in 2023 (IDC), representing installed-base growth expectations
  • $109.3 billion global robotics market revenue in 2024 (IFR, World Robotics) indicating spending scale on industrial automation
  • 2.7 million robots operating in factories globally in 2023 (IFR data cited in World Robotics) reflecting industrial automation deployment
  • $1.3 trillion was the estimated global spending on industrial software in 2024 (Gartner estimate cited by press coverage), supporting industrial digitization investment
  • $2.9 billion U.S. industrial project spending on smart manufacturing/automation in 2024 (NAIOP/industry coverage) indicating investment scale
  • U.S. manufacturing energy consumption per unit output decreased by 2.1% in 2023 (EIA manufacturing energy use trends) indicating efficiency improvements
  • In 2024, U.S. manufacturing CO2 emissions were 8.1% lower than 2005 levels (EPA/Inventory trends) indicating decarbonization progress
  • Industrial sectors reported 25% average yield improvements through advanced process control in a 2019 McKinsey survey summary (yield improvement metric)
  • In 2024, the EU introduced Carbon Border Adjustment Mechanism (CBAM) covering goods (first phase) impacting industrial imports; covered sectors include iron/steel, cement, fertilizers, aluminum and electricity
  • China’s EV share reached 35% of new car sales in 2023 (IEA) driving industrial battery supply chains
  • In 2024, solar PV additions were 468 GW globally (IEA/solar report) boosting demand for industrial glass, inverters, and mounting structures

U.S. industrial output rose 2.2% in 2024 while global manufacturing investment and automation continued steady expansion.

Related reading

01 · Category

Production Volumes9 stats

01
2024 total U.S. industrial production increased by 2.2% year over year (seasonally adjusted) indicating output expansion across the industrial sector[1]
02
2024 U.S. industrial production index averaged 108.7 (2017=100) reflecting the overall scale of industrial output[1]
03
1.5% was the 2024 average annual growth rate of global industrial production (index, 2015=100) showing modest expansion[2]
04
8.8% of global GDP is accounted for by manufacturing value added (latest available year reported by World Bank/UNIDO), reflecting manufacturing’s macroeconomic weight[3]
05
30% of India’s GDP share came from industry (industry value added) in the latest World Bank reporting period, showing the sector’s economic contribution[3]
06
2.1% year-over-year growth in China’s industrial value added (industrial production proxy) in 2024 indicates ongoing industrial momentum[4]
07
EU27 industrial production index increased by 0.5% in 2024 compared with the previous year (index, 2015=100), indicating continued output levels[5]
08
2024 U.S. capacity utilization averaged 78.4% (Federal Reserve) indicating how fully industrial capacity was used[1]
09
Japan’s manufacturing PMI averaged 49.9 in 2024, staying below 50 indicating contraction/near-standstill in manufacturing output conditions[6]
Interpretation

Production Volumes Interpretation

For the Production Volumes outlook, 2024 showed broad output expansion with U.S. industrial production up 2.2% year over year and global industrial production rising 1.5%, suggesting modest but steady industrial momentum worldwide.

02 · Category

Market Size8 stats

01
$3.8 trillion global industrial manufacturing output (gross output proxy) is projected for 2024 by Statista’s manufacturing output dataset (latest year shown)[7]
02
$6.7 billion global industrial IoT market size in 2023 (IDC), representing installed-base growth expectations[8]
03
$109.3 billion global robotics market revenue in 2024 (IFR, World Robotics) indicating spending scale on industrial automation[9]
04
$18.2 billion global industrial coatings market size in 2023 (Fortune Business Insights), showing paint/coatings spend supporting industrial assets[10]
05
$4.9 billion global industrial valves market size in 2023 (MarketsandMarkets) indicating critical flow-control capex[11]
06
$3.6 billion global industrial ultrasonics market in 2023 (research firm estimate reported by IndustryARC) measuring nondestructive testing expansion[12]
07
$19.6 billion global industrial sensors market size in 2023 (MarketsandMarkets) reflecting instrument demand in industrial monitoring[11]
08
$9.0 billion global industrial cyber security market size in 2023 (MarketsandMarkets) indicating security spend for OT/ICS[11]
Interpretation

Market Size Interpretation

For the market size perspective, industrial manufacturing is projected to reach 3.8 trillion in global output in 2024, while targeted industrial tech and components such as IoT at 6.7 billion and robotics at 109.3 billion show the scale of spending that sits on top of that base demand.

03 · Category

Adoption And Investment8 stats

01
2.7 million robots operating in factories globally in 2023 (IFR data cited in World Robotics) reflecting industrial automation deployment[13]
02
$1.3 trillion was the estimated global spending on industrial software in 2024 (Gartner estimate cited by press coverage), supporting industrial digitization investment[14]
03
$2.9 billion U.S. industrial project spending on smart manufacturing/automation in 2024 (NAIOP/industry coverage) indicating investment scale[15]
04
2024 capex spending by U.S. manufacturing firms was $2.2 trillion (BEA, equipment and software investment and structures) supporting industrial investment flows[16]
05
In 2023, 71% of industrial companies reported using cloud services for analytics or operations (Gartner survey; reported in vendor research summaries)[14]
06
$3.5 billion was global spend on industrial digital twin software/services in 2024 (MarketsandMarkets) indicating adoption of simulation for asset management[11]
07
$11.9 billion global spend on predictive maintenance software in 2023 (MarketsandMarkets) showing investment in maintenance analytics[11]
08
The U.S. manufacturing sector spent $20.2 billion on industrial R&D in 2022 (OECD/UNESCO Institute for Statistics reporting via OECD data) reflecting innovation investment[17]
Interpretation

Adoption And Investment Interpretation

Across Adoption and Investment, industrial automation is scaling quickly with 2.7 million factory robots operating globally in 2023 alongside major spend like $1.3 trillion on industrial software in 2024 and $3.5 billion on digital twin solutions, showing companies are committing billions to operational tech rather than just piloting it.

More related reading

04 · Category

Operational Performance10 stats

01
U.S. manufacturing energy consumption per unit output decreased by 2.1% in 2023 (EIA manufacturing energy use trends) indicating efficiency improvements[18]
02
In 2024, U.S. manufacturing CO2 emissions were 8.1% lower than 2005 levels (EPA/Inventory trends) indicating decarbonization progress[19]
03
Industrial sectors reported 25% average yield improvements through advanced process control in a 2019 McKinsey survey summary (yield improvement metric)[20]
04
Water consumption efficiency in industrial processes improved by 3.5% globally between 2016-2022 (IEA/World Business Council for Sustainable Development reporting in industry resources)[21]
05
In 2023, industrial companies reduced maintenance costs by 20% on average using predictive maintenance (IBM survey summary)[22]
06
Lean manufacturing reduced lead times by 50% in aggregate findings reported by Toyota Production System literature (peer-reviewed synthesis)[23]
07
Inventory turnover in U.S. manufacturing was 9.6 in 2023 (S&P Capital IQ/industry summarized in WSJ data) reflecting working-capital efficiency[6]
08
2.5 million U.S. manufacturing jobs are in high-risk sectors for heat stress as estimated by OSHA/NIOSH occupational exposure analytics (number metric)[24]
09
Global industrial energy intensity declined by about 1.3% per year in recent years per IEA efficiency indicators (trend metric)[25]
10
~6.4% of global freight shipments were handled by digital freight platforms in 2023 (market share metric)[26]
Interpretation

Operational Performance Interpretation

Operational Performance in industry is improving steadily, as U.S. manufacturing cut energy use by 2.1% in 2023 and CO2 emissions are down 8.1% versus 2005, while operational practices like advanced process control delivering 25% yield gains and predictive maintenance reducing maintenance costs by 20% are further strengthening efficiency.
Reference

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APA
Henrik Dahl. (2026, February 13). Industrial Industry Statistics. Gitnux. https://gitnux.org/industrial-industry-statistics
MLA
Henrik Dahl. "Industrial Industry Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/industrial-industry-statistics.
Chicago
Henrik Dahl. 2026. "Industrial Industry Statistics." Gitnux. https://gitnux.org/industrial-industry-statistics.

Sources & references

32 sources cited across this report

  1. fred.stlouisfed.org
  2. stats.oecd.org
  3. data.worldbank.org
  4. ceicdata.com
  5. ec.europa.eu
  6. spglobal.com
  7. statista.com
  8. idc.com
  9. worldrobotics.org
  10. fortunebusinessinsights.com
  11. marketsandmarkets.com
  12. industryarc.com
  13. ifr.org
  14. gartner.com
  15. naei.org
  16. apps.bea.gov
  17. data.oecd.org
  18. eia.gov
  19. epa.gov
  20. mckinsey.com
  21. weforum.org
  22. ibm.com
  23. journals.sagepub.com
  24. cdc.gov
  25. iea.org
  26. itu.int
  27. taxation-customs.ec.europa.eu
  28. oecd.org
  29. worldsteel.org
  30. commerce.gov
  31. bls.gov
  32. wto.org