The manufacturing industry is a major contributor to the global economy, with its output expected to reach $9.6 trillion by 2022. China is currently the largest manufacturing nation in terms of production value, contributing nearly 30% of total global output. The United States has around 12.75 million employees working in this sector and it accounts for approximately 9.9% of India’s GDP as well as 19.5% of EU’s GDP and 21% Japan’s GDP respectively . Brazil’s manufacturing industry represents 10.6%, while South Korea contributes 26%. Additionally, advanced manufacturing in US alone was worth $930 billion annually in 2019 and food & beverage market was valued at 6 trillion dollars that same year globally . Furthermore, pharmaceuticals accounted for 20 percent share from overall world-wide industrial production last year , whereas automotive segment led Germany with 20 % contribution towards their total production value . Moreover Industrial Internet Of Things (IIoT) market size is estimated to be reaching up-to 949 Billion Dollars by 2025 along with additive Manufacturing (3D printing) Market which will hit 35 Billion Dollar mark till 2024 Finally Smart Manufacturing Market Size Is Expected To Reach 573 Billion By 2027 Globally..
Manufacturing Industry Statistics Overview
China is the largest manufacturing nation, contributing nearly 30% of global manufacturing output.
This statistic is a testament to the sheer magnitude of China’s manufacturing prowess, highlighting its immense contribution to the global manufacturing industry. It serves as a reminder of the importance of the Chinese manufacturing sector and its impact on the global economy.
Manufacturing accounts for approximately 9.9% of India’s GDP.
This statistic is a testament to the importance of the Manufacturing Industry in India’s economy. It highlights the significant contribution that the sector makes to the country’s GDP, demonstrating its vital role in the nation’s economic growth.
The European Union manufacturing industry contributes roughly 19.5% of the EU’s GDP.
This statistic is a testament to the immense impact the European Union manufacturing industry has on the EU’s economy. It highlights the importance of the industry in driving economic growth and prosperity in the region. Furthermore, it serves as a reminder of the need to continue investing in the sector in order to ensure its continued success.
Japan’s manufacturing industry contributes approximately 21% of its GDP.
This statistic is a testament to the importance of Japan’s manufacturing industry in its economy. It highlights the significance of the sector in driving economic growth and providing jobs for the country’s citizens. It also serves as a reminder of the need for continued investment in the industry to ensure its continued success and prosperity.
The automotive manufacturing segment is the leading manufacturing sector in Germany, contributing to 20% of total production value.
This statistic is a testament to the strength of the automotive manufacturing sector in Germany, highlighting its importance to the country’s manufacturing industry. It demonstrates the sector’s significant contribution to the overall production value of the nation, making it a key player in the industry.
The global Industrial Internet of Things (IIoT) market size is expected to reach $949.42 billion by 2025.
This statistic is a testament to the potential of the Manufacturing Industry in the coming years. With the Industrial Internet of Things (IIoT) market size projected to reach nearly one trillion dollars by 2025, it is clear that the Manufacturing Industry is on the cusp of a major transformation. This statistic serves as a reminder of the immense opportunities that lie ahead for those in the Manufacturing Industry, and the potential for growth and innovation that the IIoT presents.
The aerospace and defense manufacturing industry accounted for $908 billion in 2018.
This statistic is a testament to the sheer size and scope of the aerospace and defense manufacturing industry. It highlights the immense economic impact of this sector, and serves as a reminder of the importance of the industry in the global economy.
In the UK, manufacturing contributes to 11.5% of the economy GDP, employing around 2.6 million people.
This statistic is a powerful indicator of the importance of the manufacturing industry in the UK. It highlights the significant contribution it makes to the economy, accounting for 11.5% of the GDP, and the number of people it employs, with 2.6 million people relying on it for their livelihoods. It is clear that the manufacturing industry is a major player in the UK economy and its importance should not be underestimated.
South Korea’s manufacturing industry contributed to 26% of its GDP in 2021.
This statistic is a powerful indicator of the importance of South Korea’s manufacturing industry in its economy. It demonstrates the significant contribution that the sector makes to the country’s GDP, highlighting its importance in driving economic growth. This statistic is especially relevant in a blog post about Manufacturing Industry Statistics, as it provides a concrete example of the impact that the industry can have on a nation’s economy.
Additive manufacturing (3D printing) market is expected to reach $35.6 billion by 2024.
This statistic is a testament to the immense potential of additive manufacturing (3D printing) in the manufacturing industry. It shows that the market is expected to grow exponentially in the coming years, indicating that 3D printing is becoming an increasingly popular and viable option for businesses. This is an important statistic to consider when discussing the current state of the manufacturing industry, as it highlights the potential of 3D printing to revolutionize the industry.
The food and beverage manufacturing market was valued at $6 trillion in 2019.
This statistic is a testament to the sheer size and scope of the food and beverage manufacturing market. It serves as a reminder of the immense economic impact of this industry, and the importance of staying up-to-date on the latest trends and developments. It also highlights the potential for growth and innovation within the sector, and the need for businesses to remain competitive in order to remain successful.
In the United States, advanced manufacturing is worth $930 billion annually.
This statistic is a testament to the immense value of advanced manufacturing in the United States. It highlights the importance of the industry to the economy, and the potential for growth and innovation within it. It also serves as a reminder of the need to invest in the industry, in order to ensure its continued success and prosperity.
The global smart manufacturing market is expected to reach $573.18 billion by 2027.
This statistic is a testament to the immense potential of the manufacturing industry. It shows that the global smart manufacturing market is projected to experience tremendous growth in the coming years, indicating that the industry is ripe for investment and innovation. This statistic is a clear indication that the manufacturing industry is on the cusp of a major transformation, and those who are able to capitalize on this opportunity stand to benefit greatly.
Pharmaceuticals industry accounts for around 20% of the global manufacturing output in 2019.
The pharmaceuticals industry’s contribution of 20% to the global manufacturing output in 2019 is a testament to its importance in the manufacturing sector. This statistic highlights the significance of the pharmaceuticals industry in the global economy, and its impact on the manufacturing industry as a whole. It is a reminder of the need to continue to invest in the development of new and innovative pharmaceuticals products, in order to ensure the continued growth of the manufacturing industry.
Conclusion
The manufacturing industry is a major contributor to the global economy, with an expected growth of $9.6 trillion by 2022 and accounting for 16% of global GDP. China is currently the largest manufacturing nation in terms of output, contributing nearly 30%, while U.S., India, EU and Japan are also significant contributors at 12.75 million employees, 9.9% GDP contribution respectively 19.5%, 21%. The automotive segment leads Germany’s production value at 20%, Brazil has 10.6% contribution from its manufacturing sector and Mexico 18%. In addition to traditional sectors such as food & beverage ($6 trillion) or aerospace & defense ($908 billion), advanced technologies like Industrial Internet Of Things (IIoT) market size estimated at $949 billion by 2025 or additive/3D printing market valued at $35 billion by 2024 have been gaining traction recently along with smart manufacturing which is projected to reach over half a trillion dollars in 2027 globally; pharmaceuticals account for around one fifth of total world’s industrial output in 2019 according to McKinsey report . All these figures point towards continued strong performance from this key economic driver going forward into 2021-2022 period despite current pandemic related challenges faced worldwide
References
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