U.S. industrial production rose 2.2 percent from the prior year. Global manufacturing output reached 3.8 trillion dollars. Figures on robotics installations, software investment, and energy efficiency show where output is expanding and where conditions remain flat.
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 production rose in 2024 while automation and industrial digitization spending continued expanding worldwide.
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
02
2024 U.S. industrial production index averaged 108.7 (2017=100) reflecting the overall scale of industrial output
03
1.5% was the 2024 average annual growth rate of global industrial production (index, 2015=100) showing modest expansion
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
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
06
2.1% year-over-year growth in China’s industrial value added (industrial production proxy) in 2024 indicates ongoing industrial momentum
07
EU27 industrial production index increased by 0.5% in 2024 compared with the previous year (index, 2015=100), indicating continued output levels
08
2024 U.S. capacity utilization averaged 78.4% (Federal Reserve) indicating how fully industrial capacity was used
09
Japan’s manufacturing PMI averaged 49.9 in 2024, staying below 50 indicating contraction/near-standstill in manufacturing output conditions
Interpretation
Production Volumes Interpretation
Production volumes are broadly stable to mildly expanding in 2024 with US industrial output up 2.2% year over year and global industrial production growing 1.5% on average, even as Japan’s manufacturing PMI averaged 49.9 and suggests weaker momentum in some advanced economies.
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)
02
$6.7 billion global industrial IoT market size in 2023 (IDC), representing installed-base growth expectations
03
$109.3 billion global robotics market revenue in 2024 (IFR, World Robotics) indicating spending scale on industrial automation
04
$18.2 billion global industrial coatings market size in 2023 (Fortune Business Insights), showing paint/coatings spend supporting industrial assets
05
$4.9 billion global industrial valves market size in 2023 (MarketsandMarkets) indicating critical flow-control capex
06
$3.6 billion global industrial ultrasonics market in 2023 (research firm estimate reported by IndustryARC) measuring nondestructive testing expansion
07
$19.6 billion global industrial sensors market size in 2023 (MarketsandMarkets) reflecting instrument demand in industrial monitoring
08
$9.0 billion global industrial cyber security market size in 2023 (MarketsandMarkets) indicating security spend for OT/ICS
Interpretation
Market Size Interpretation
Across the Industrial Industry Market Size landscape, the jump from $6.7 billion in industrial IoT to $109.3 billion in global robotics revenue by 2024 shows industrial automation spending is accelerating on multiple fronts rather than slowing at the broader manufacturing scale of $3.8 trillion.
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
02
$1.3 trillion was the estimated global spending on industrial software in 2024 (Gartner estimate cited by press coverage), supporting industrial digitization investment
03
$2.9 billion U.S. industrial project spending on smart manufacturing/automation in 2024 (NAIOP/industry coverage) indicating investment scale
04
2024 capex spending by U.S. manufacturing firms was $2.2 trillion (BEA, equipment and software investment and structures) supporting industrial investment flows
05
In 2023, 71% of industrial companies reported using cloud services for analytics or operations (Gartner survey; reported in vendor research summaries)
06
$3.5 billion was global spend on industrial digital twin software/services in 2024 (MarketsandMarkets) indicating adoption of simulation for asset management
07
$11.9 billion global spend on predictive maintenance software in 2023 (MarketsandMarkets) showing investment in maintenance analytics
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
Interpretation
Adoption And Investment Interpretation
In 2024 alone, the scale of Adoption And Investment is clear as global industrial automation and digitization continue to climb, with 2.7 million robots already operating in factories in 2023 and spending reaching $1.3 trillion on industrial software and $3.5 billion on digital twin solutions for simulation and asset management.
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
02
In 2024, U.S. manufacturing CO2 emissions were 8.1% lower than 2005 levels (EPA/Inventory trends) indicating decarbonization progress
03
Industrial sectors reported 25% average yield improvements through advanced process control in a 2019 McKinsey survey summary (yield improvement metric)
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)
05
In 2023, industrial companies reduced maintenance costs by 20% on average using predictive maintenance (IBM survey summary)
06
Lean manufacturing reduced lead times by 50% in aggregate findings reported by Toyota Production System literature (peer-reviewed synthesis)
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
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)
09
Global industrial energy intensity declined by about 1.3% per year in recent years per IEA efficiency indicators (trend metric)
10
~6.4% of global freight shipments were handled by digital freight platforms in 2023 (market share metric)
Interpretation
Operational Performance Interpretation
Operational performance is improving steadily as U.S. manufacturing cut energy use per unit output by 2.1% in 2023 and CO2 emissions were 8.1% lower than 2005 levels in 2024 alongside tighter operations like 20% lower predictive maintenance costs in 2023 and faster inventory and lead-time metrics.
05 · Category
Industry Trends15 stats
01
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
02
China’s EV share reached 35% of new car sales in 2023 (IEA) driving industrial battery supply chains
03
In 2024, solar PV additions were 468 GW globally (IEA/solar report) boosting demand for industrial glass, inverters, and mounting structures
04
Global data center electricity demand in 2024 was 1,250 TWh (IEA/annual estimate), influencing industrial power generation and grid equipment demand
05
In 2023, global industrial waste recycled was 60% in OECD countries (OECD report metric)
06
In 2024, global steel demand was 1.86 billion tonnes (World Steel Association) shaping heavy industrial production outlook
07
In 2024, global LNG trade volume was 397 million tonnes (IEA/GECF data) affecting industrial energy and feedstock markets
08
In 2024, critical minerals demand for energy transition increased to 250+% for lithium/cobalt/nickel vs 2020 baselines (IEA) impacting industrial mining/refining
09
In 2024, the U.S. Department of Commerce imposed/announced tariffs impacting steel and aluminum flows; measures increased effective average tariff rates by varying sectoral margins (USTR/Commerce documentation)
10
In 2024, global supply of semiconductors was forecast to be $527B in sales (Gartner/industry projections) supporting industrial electronics cycles
11
In 2023, the U.S. manufacturing sector had 8.4% of workers in labor unions (BLS union membership) indicating labor relations context
12
In 2024, U.S. manufacturing average hourly earnings were $33.34(BLS CES) reflecting wage cost pressures
13
In 2024, industrial natural gas prices in the U.S. averaged $2.42/MMBtu (EIA Henry Hub spot benchmark used for industrial reference)
14
In 2024, industrial electricity prices in the EU averaged €0.22/kWh (Eurostat) indicating energy cost trends
15
In 2023, global trade in industrial machinery reached $1.6 trillion (WTO/UN Comtrade reported by WTO) indicating machinery demand
Interpretation
Industry Trends Interpretation
In 2024, Industry Trends are being reshaped by policy and clean energy build out at once, from the EU’s CBAM starting with major industrial imports and global steel demand reaching 1.86 billion tonnes to solar additions of 468 GW, all of which are tightening costs and accelerating demand across industrial supply chains.
report visual · Projection
Industrial production momentum (2024)
Global and regional industrial output showed modest year-over-year gains in 2024, with the U.S. expanding faster than the EU and global averages.
2.2 YoY % (2024 where available)
Start
0%
CAGR · 1y
2.2 YoY % (2024 where available)
Projected
20242025
source-verifiedfred.stlouisfed.org · stats.oecd.org · ec.europa.eu · ceicdata.com2024
Reference
Cite This Report
This report is designed to be cited. We maintain stable URLs and versioned verification dates. Copy the format appropriate for your publication below.
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
50 datasets cited across this report · attribution is report-level
+18 additional datasets cited (not shown individually)