The Latest World Industry Statistics Explained
As of 2021, world industrial production was 98.1% of the previous year’s output.
The statistic indicates that as of 2021, global industrial production reached 98.1% of the output level recorded in the previous year. This suggests a slight decrease in industrial activity compared to the previous year, reflecting potential challenges or disruptions experienced by the industrial sector during that time period. Factors such as economic conditions, supply chain disruptions, natural disasters, or unexpected events may have contributed to this decline in industrial production. Analyzing this statistic provides insights into the resilience and performance of the industrial sector, highlighting areas that may require attention or improvements to enhance stability and growth in the future.
The global industrial automation market size was valued at USD 157.04 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 8.4% from 2020 to 2027.
This statistic indicates that the global industrial automation market was worth USD 157.04 billion in 2019 and is projected to increase significantly at a compound annual growth rate (CAGR) of 8.4% from 2020 to 2027. This growth rate suggests a strong upward trend in the market size, driven by factors such as technological advancements, increasing adoption of automation across industries, and the need for improved efficiency and productivity. The forecasted CAGR of 8.4% signifies a promising outlook for the industrial automation sector, highlighting opportunities for businesses to capitalize on the growing demand for automation solutions worldwide.
The global steel industry produced 1.869 billion metric tonnes of crude steel in 2020.
The statistic that the global steel industry produced 1.869 billion metric tonnes of crude steel in 2020 indicates the total volume of steel output worldwide during that year. This figure encompasses the combined production from steel manufacturers across various countries and reflects the scale and importance of the steel industry on a global scale. The volume of crude steel produced serves as a key indicator of industrial activity, economic growth, and infrastructure development, as steel is a fundamental material used in construction, manufacturing, and a wide range of industrial applications. Understanding this statistic provides insight into the overall health and output of the steel sector, which plays a crucial role in supporting various industries and contributing to both local economies and global trade.
China’s manufacturing sector contributes 28% to global manufacturing output.
This statistic indicates that China’s manufacturing sector plays a significant role in the global manufacturing industry. By contributing 28% to global manufacturing output, China holds a substantial share of the production activities worldwide. This high level of contribution reflects China’s position as a major manufacturing hub, known for its vast production capabilities and export-oriented economy. The statistic highlights China’s influence on global supply chains and underscores its importance in driving the overall productivity and economic growth of the manufacturing sector on a global scale.
The global plastics market size was valued at USD 568.9 billion in 2019 and is expected to grow at a CAGR of 3.2% from 2020 to 2027.
This statistic indicates that the global plastics market was worth USD 568.9 billion in 2019 and is projected to show steady growth with a compound annual growth rate (CAGR) of 3.2% from 2020 to 2027. This suggests that the market is expected to increase in value over the forecasted period, driven by factors such as increasing demand for plastics in various industries, technological advancements leading to new applications, and expanding markets worldwide. The CAGR of 3.2% signifies a moderate but consistent growth rate for the global plastics market, highlighting its resilience and enduring significance in the global economy.
The global automotive industry is expected to reach $9 trillion by 2030.
The statistic that the global automotive industry is projected to reach $9 trillion by 2030 indicates a substantial growth and economic significance of this industry in the coming years. This information suggests a positive trend in the automotive sector, likely driven by factors such as increasing demand for vehicles, advancements in technology, and evolving consumer preferences. The projected value of $9 trillion implies a thriving market with a high potential for investment, innovation, and employment opportunities within the automotive industry on a global scale by the end of the next decade.
Trade in manufactured goods dwarfs that of the natural resource sector and accounts for over 70% of total global trade in goods.
This statistic highlights the significant predominance of manufactured goods in global trade over the natural resource sector. The trade in manufactured goods, including products such as machinery, electronics, and automobiles, surpasses that of natural resources like raw materials or commodities. In fact, it accounts for more than 70% of the total global trade in goods. This indicates the prominence of industrialized and value-added products in international trade, reflecting the intricate and interconnected supply chains that dominate the global economy. The dominance of manufactured goods in global trade underscores the importance of manufacturing industries in driving economic growth, employment, and innovation on a global scale.
In 2021, the global chemical industry was forecasted to reach a value of approximately 5.5 trillion U.S. dollars.
The statistic stating that the global chemical industry was forecasted to reach a value of approximately 5.5 trillion U.S. dollars in 2021 indicates the significant economic impact and scale of the chemical industry on a global level. This figure suggests a large and growing industry that plays a crucial role in various sectors such as manufacturing, healthcare, agriculture, and consumer goods. The forecasted value reflects the revenue generated from the production, sale, and distribution of chemicals worldwide, showcasing the industry’s widespread presence and importance in driving economic growth and technological advancements across multiple industries and regions.
The Manufacturing Purchasing Managers’ Index (PMI) for the world was 54.19 in December 2021.
The Manufacturing Purchasing Managers’ Index (PMI) is a leading economic indicator that measures the health of the manufacturing sector. A PMI value above 50 indicates expansion, while a value below 50 indicates contraction. A PMI value of 54.19 for the world in December 2021 suggests that the global manufacturing sector was expanding during that month. This can be interpreted as a positive sign for the global economy, indicating that manufacturing activity was increasing and potentially driving economic growth.
In 2020, the global Industrial Internet of Things (IIoT) market was valued at USD 77.3 billion.
The statistic that in 2020, the global Industrial Internet of Things (IIoT) market was valued at USD 77.3 billion indicates the monetary worth of the IIoT industry worldwide during that year. This valuation reflects the total sum of revenues generated by the sales of IIoT products and services, including hardware, software, and connectivity solutions specifically tailored for industrial applications. The figure highlights the significant economic impact and growth potential of the IIoT sector, showcasing the increasing adoption of IoT technologies in industrial settings to improve operational efficiency, productivity, and decision-making processes. It is a key indicator of the market’s size and the ongoing trend toward digital transformation within industrial sectors globally.
The global pharmaceutical industry is expected to reach $1.5 trillion by 2023.
The statistic that the global pharmaceutical industry is anticipated to reach $1.5 trillion by 2023 represents a projection of the industry’s total revenue on a global scale for that specific year. This figure reflects the economic significance and growth potential of the pharmaceutical sector, highlighting its increasing prominence in the global market. The industry’s projected growth can be influenced by various factors such as advancements in technology, increased demand for healthcare products, and an aging population among others. This statistic serves as a key indicator of the pharmaceutical industry’s vitality and financial impact, demonstrating its continued relevance and potential for further expansion in the coming years.
By 2024, the global Industrial Robotics Market size is expected to reach USD 41.23 billion.
The statistic indicates that the global Industrial Robotics Market is projected to grow significantly by the year 2024, with an estimated market size of USD 41.23 billion. This signifies a potential increase in the adoption and use of industrial robots across various industries worldwide. The market expansion suggests a rising demand for automation solutions to enhance operational efficiency, productivity, and cost-effectiveness in manufacturing processes. Factors such as technological advancements, increasing focus on Industry 4.0 initiatives, and the need for improved safety and precision in industrial operations are likely to drive the growth of the industrial robotics market towards the projected size by 2024.
Global construction output is projected to grow by 85% to $15.5 trillion worldwide by 2030.
This statistic indicates that there is a substantial expected growth in global construction output by the year 2030. The projection suggests an increase of 85%, bringing the total construction output to $15.5 trillion worldwide. This growth could be attributed to various factors such as increasing population, urbanization, infrastructure development, and economic expansion in different regions around the world. The construction industry is expected to play a crucial role in driving economic growth and development globally, with significant investments and projects anticipated to fuel this expansion over the next decade.
The global textile industry was approximately worth 1,172 billion U.S. dollars in 2020.
The statistic that the global textile industry was worth approximately 1,172 billion U.S. dollars in 2020 indicates the immense economic size and significance of the industry within the global market. This value represents the total revenue generated by the production, distribution, and sale of textile products worldwide in that year. The substantial figure underscores the industry’s broad impact on various sectors, including fashion, retail, manufacturing, and technology. It also highlights the extensive supply chains and complex networks involved in the textile industry, showcasing its pivotal role in both the global economy and consumer markets.
The global electronics industry is expected to reach $1.074 trillion by 2025.
The statistic stating that the global electronics industry is projected to reach $1.074 trillion by 2025 suggests a significant growth and economic impact in the industry over the coming years. This figure indicates a robust expansion in the production and consumption of electronic devices worldwide, driven by factors such as technological advancements, increased demand for electronics products, and evolving consumer preferences. The forecasted value highlights the industry’s pivotal role in the global economy, as well as the continuous innovation and adaptation needed to meet the changing demands of consumers in a rapidly evolving technological landscape. This statistic serves as a key indicator of the anticipated growth and opportunity within the electronics sector, emphasizing its importance and potential for further development in the years ahead.
The global defense industry is expected to grow at a CAGR of 3.7% from 2020 to 2027.
This statistic indicates that the global defense industry is projected to experience a compound annual growth rate (CAGR) of 3.7% over the period from 2020 to 2027. A CAGR is a measure of the average annual growth rate of an industry or market over a specified period of time, and a growth rate of 3.7% suggests a moderate but consistent expansion in the defense sector. This growth may be driven by factors such as increasing global security concerns, rising defense budgets in various countries, advancements in technology leading to the development of more sophisticated defense systems, and geopolitical tensions. The projection of a CAGR provides insight into the anticipated growth trajectory of the defense industry in the coming years.
The global food industry is expected to reach $12.24 trillion by 2020.
The statistic stating that the global food industry is projected to reach $12.24 trillion by 2020 indicates the significant economic scale and growth potential within the food sector on a global scale. This data suggests a substantial increase in the market size and consumer spending within the industry, exemplifying the rising demand for food products and services worldwide. Such growth can be influenced by various factors including population growth, changing consumer behaviors, technological advancements, and evolving dietary preferences. Businesses operating within the food industry may benefit from this statistic by strategically capitalizing on market trends and opportunities to enhance their market presence and revenue generation.
The global garment industry is expected to reach $2.25 Trillion by 2025.
The statistic that the global garment industry is expected to reach $2.25 trillion by 2025 reflects the substantial growth and profitability projected for this sector in the coming years. This figure highlights the increasing demand and consumption of clothing and textiles worldwide, driven by factors such as population growth, rising disposable incomes, and evolving fashion trends. The garment industry plays a significant role in the global economy, creating jobs and opportunities across various stages of production, from design to manufacturing and retail. The projected growth in the industry signifies its resilience and importance within the global market, with potential implications for trends in trade, sustainability, and consumer behavior.
Conclusion
Given the vast and ever-evolving landscape of world industries, analyzing and understanding industry statistics is crucial for businesses and policymakers to make informed decisions. By keeping abreast of trends, identifying opportunities, and addressing challenges within various sectors, stakeholders can work towards creating a more sustainable and prosperous global economy.
References
0. – https://www.www.grandviewresearch.com
1. – https://www.www.statista.com
2. – https://www.www.wto.org
3. – https://www.www.mckinsey.com
4. – https://www.www.worldsteel.org
5. – https://www.worldindata.org
6. – https://www.tradingeconomics.com
7. – https://www.www.pwc.com
