In July 2024, global industrial production, excluding the United States, increased by *** percent compared to the same time in the previous year, based on three month moving averages. This is compared to an increase of *** percent in advanced economies (excluding the United States) for the same time period. The global industrial production collapsed after the outbreak of COVID-19, but increased steadily in the months after, peaking at ** percent in June 2021. Industrial growth rate tracks the output production in the industrial sector.
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Global Manufacturing Analytics Market size was valued at USD 10.6 Billion in 2022 and is poised to grow from USD 12.8 Billion in 2023 to USD 58.06 Billion by 2031, at a CAGR of 20.8% during the forecast period (2024-2031).
Report Metric | Details |
Market size value in 2022 | USD 10.6 Billion |
Market size value in 2023 | USD 12.8 Billion |
Market size value in 2031 | USD 58.06 Billion |
Forecast Year | 2024-2031 |
Growth Rate (CAGR) | 20.8% |
Segments Covered |
|
Largest Market | North America |
Fastest Growing Market | Asia Pacific |
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The global manufacturing analytics market size reached USD 15.2 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 65.8 Billion by 2033, exhibiting a growth rate (CAGR) of 17.7% during 2025-2033. The emerging trend of automation in industrial processes, along with the development of Industry 4.0 trends, is primarily augmenting the market growth.
Report Attribute
|
Key Statistics
|
---|---|
Base Year
|
2024
|
Forecast Years
|
2025-2033
|
Historical Years
|
2019-2024
|
Market Size in 2024
| USD 15.2 Billion |
Market Forecast in 2033
| USD 65.8 Billion |
Market Growth Rate 2025-2033 | 17.7% |
IMARC Group provides an analysis of the key trends in each segment of the global manufacturing analytics market report, along with forecasts at the global, regional, and country levels from 2025-2033. Our report has categorized the market based on component, deployment model, application and industry vertical.
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The Manufacturing Technology market plays a pivotal role in reshaping the industrial landscape, integrating sophisticated innovations that enhance productivity, efficiency, and sustainability. With a market size that has evolved significantly over recent years, the sector is projected to witness substantial growth,
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United States US: GDP: % of GDP: Gross Value Added: Industry: Manufacturing data was reported at 11.601 % in 2016. This records a decrease from the previous number of 11.919 % for 2015. United States US: GDP: % of GDP: Gross Value Added: Industry: Manufacturing data is updated yearly, averaging 12.807 % from Dec 1997 (Median) to 2016, with 20 observations. The data reached an all-time high of 16.022 % in 1997 and a record low of 11.601 % in 2016. United States US: GDP: % of GDP: Gross Value Added: Industry: Manufacturing data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s USA – Table US.World Bank: Gross Domestic Product: Share of GDP. Manufacturing refers to industries belonging to ISIC divisions 15-37. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Note: For VAB countries, gross value added at factor cost is used as the denominator.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average; Note: Data for OECD countries are based on ISIC, revision 4.
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The global manufacturing market size is projected to grow from USD 3.2 trillion in 2023 to an estimated USD 5.4 trillion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.2% over the forecast period. This robust growth is driven by rapid technological advancements, increased automation, and the adoption of smart manufacturing practices.
One of the primary growth factors in the manufacturing market is the increasing integration of advanced technologies such as the Internet of Things (IoT), artificial intelligence (AI), and robotics. These technologies significantly enhance production efficiency, reduce operational costs, and improve product quality. IoT enables real-time monitoring and data analytics across manufacturing processes, leading to predictive maintenance and minimized downtime. Similarly, AI and machine learning algorithms contribute to optimized production schedules and quality control, thereby fostering overall productivity.
Another key growth factor is the rising demand for customized and high-quality products. Consumers today expect personalized solutions, compelling manufacturers to adopt flexible production techniques and agile supply chains. This shift towards customization is facilitated by advancements in 3D printing and additive manufacturing, which allow for the rapid prototyping and production of complex, tailored products. Moreover, the growing importance of sustainability and eco-friendly practices is pushing manufacturers to innovate and adopt green manufacturing processes, further driving market expansion.
The global push for Industry 4.0 is significantly contributing to market growth. Industry 4.0 encompasses the digitization of manufacturing through the use of smart technology, cyber-physical systems, and the industrial Internet of Things (IIoT). This transformation is leading to the creation of smart factories where real-time data, automation, and connectivity play crucial roles. Governments and private sector investments in smart manufacturing initiatives are also spurring the adoption of these advanced technologies, thereby accelerating growth in the manufacturing sector.
Manufacturing Analytics is becoming an indispensable tool for manufacturers aiming to enhance their operational efficiency and decision-making processes. By leveraging data from various stages of production, manufacturers can gain insights into machine performance, product quality, and supply chain dynamics. This data-driven approach allows for predictive maintenance, reducing downtime and optimizing resource allocation. Furthermore, manufacturing analytics facilitates real-time monitoring and control, enabling manufacturers to respond swiftly to changing market demands and production challenges. As the manufacturing industry continues to embrace digital transformation, the role of analytics in driving innovation and competitiveness is set to grow exponentially.
Regionally, Asia Pacific is expected to dominate the manufacturing market throughout the forecast period, driven by the rapid industrialization and economic growth of countries like China and India. The region's strong manufacturing base, coupled with substantial investments in technological advancements, positions it as a key player in the global manufacturing landscape. North America and Europe are also significant markets, driven by high adoption rates of advanced manufacturing technologies and strong regulatory support for innovation. Latin America and the Middle East & Africa are anticipated to witness moderate growth, fueled by increasing investments and gradual industrialization.
The manufacturing market by component is segmented into software, hardware, and services. Software solutions are essential for managing and optimizing manufacturing processes. These include enterprise resource planning (ERP) systems, manufacturing execution systems (MES), and product lifecycle management (PLM) software. These tools help in streamlining operations, managing inventory, scheduling production, and ensuring compliance with industry regulations. The increasing complexity of manufacturing operations and the demand for real-time data analytics are driving the growth of the software segment.
Hardware components play a crucial role in the manufacturing process. They include machinery, sensors, controllers, and computer systems that facilitate automation and efficient production. The adopti
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The Manufacturing Data Analytics market has emerged as a pivotal force in the industrial landscape, transforming how manufacturers leverage data to enhance operational efficiency and drive informed decision-making. This sector focuses on harnessing large volumes of data generated from manufacturing processes, supply
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Indonesia Manufacturing Industry: Production: Value: Plastics Container data was reported at 75,781.622 IDR bn in 2015. This records an increase from the previous number of 39,323.646 IDR bn for 2014. Indonesia Manufacturing Industry: Production: Value: Plastics Container data is updated yearly, averaging 14,347.752 IDR bn from Dec 1999 (Median) to 2015, with 17 observations. The data reached an all-time high of 75,781.622 IDR bn in 2015 and a record low of 5,367.127 IDR bn in 2001. Indonesia Manufacturing Industry: Production: Value: Plastics Container data remains active status in CEIC and is reported by Central Bureau of Statistics. The data is categorized under Indonesia Premium Database’s Mining and Manufacturing Sector – Table ID.BAD001: Manufacturing Industry: by Product: Value.
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Get key insights from Market Research Intellect's Manufacturing Business Intelligence (BI) Market Report, valued at USD 12.5 billion in 2024, and forecast to grow to USD 25.3 billion by 2033, with a CAGR of 8.7% (2026-2033).
Success.ai’s LinkedIn Company Data for Global Manufacturing Professionals provides a robust dataset designed for businesses aiming to connect with decision-makers and professionals in the manufacturing sector worldwide. Covering roles such as plant managers, supply chain leaders, production heads, and operations executives, this dataset offers verified LinkedIn profiles, work emails, and comprehensive professional insights.
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Indonesia Manufacturing Industry: Production: Value: Vulcanised Tyres data was reported at 300.949 IDR bn in 2015. This records an increase from the previous number of 255.915 IDR bn for 2014. Indonesia Manufacturing Industry: Production: Value: Vulcanised Tyres data is updated yearly, averaging 190.321 IDR bn from Dec 1999 (Median) to 2015, with 17 observations. The data reached an all-time high of 1,066.717 IDR bn in 2010 and a record low of 89.007 IDR bn in 1999. Indonesia Manufacturing Industry: Production: Value: Vulcanised Tyres data remains active status in CEIC and is reported by Central Bureau of Statistics. The data is categorized under Indonesia Premium Database’s Mining and Manufacturing Sector – Table ID.BAD001: Manufacturing Industry: by Product: Value.
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Manufacturing Intelligence Software Market size was valued at USD 4.04 Billion in 2023 and is projected to reach USD 21.25 Billion by 2030, growing at a CAGR of 25% during the forecast period 2024-2030.
Global Manufacturing Intelligence Software Market Drivers
The growth and development of the Manufacturing Intelligence Software Market is attributed to certain main market drivers. These factors have a big impact on how Manufacturing Intelligence Software are demanded and adopted in different sectors. Several of the major market forces are as follows:
Industry 4.0 and Smart Manufacturing Initiatives: The adoption of manufacturing intelligence software is fueled by the global push towards Industry 4.0 and smart manufacturing. In order to streamline manufacturing processes, manufacturers are utilizing cutting-edge technology like analytics, artificial intelligence, and IoT sensors.
Growing Need for Operational Efficiency: Producers look for instruments and fixes that improve productivity and cut down on idle time. Software for manufacturing intelligence gives businesses real-time insight into their production processes, enabling them to spot bottlenecks and streamline procedures.
Data-Driven Decision-Making: One important motivator is the focus on data-driven decision-making in the manufacturing sector. Software for manufacturing intelligence collects and evaluates data from multiple sources to provide decision-makers with useful information for increased productivity and quality.
In 2024, about **** percent of the global vehicle output had been manufactured in China. China's share of global vehicle production has been rising for more than a decade, and its share in 2024 has increased more than *** times over that of 2008.
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Global car and automobile manufacturers have faced numerous challenges over the past decade, given major exogenous shocks, shifting consumer preferences and supply chain disruptions. In particular, significant technological improvements, particularly regarding hybrid and electric vehicles, internal combustion engine fuel efficiency, infotainment development and autonomous driving capabilities, coupled with rising per capita disposable income, have spurred global demand from the growing global middle class. Additionally, strong economic recoveries in most developed and emerging nations following the pandemic have spurred climbing motorization rates and vehicle registrations. Overall, revenue has climbed at an expected CAGR of 1.0% to $2.9 trillion through the current period, including a 2.5% jump in 2025. Profit will climb to 4.7% at the end of the current period as hybrid and electric models perform better and input costs wane. Aluminum and steel are significant inputs for most automakers. Most input manufacturers cut production amid the pandemic, leaving automakers with supply chain shortages and long lead times, especially as automotive demand rebounded following the pandemic. Semiconductors and other integral electronic component manufacturers also failed to meet automaker's demand, exacerbating supply chain issues. Despite these issues, manufacturers have successfully pushed costs onto consumers, expanding profit. Even so, flourishing demand has enabled most automakers to begin recoveries. Many companies have also expressed greater supply chain oversight following disruptions, leading to more nearshoring, vertical integration and strategic partnerships and alliances. Even so, labor strikes, union demands and lingering economic uncertainty have contributed to volatility. Revenue for automakers will swell at an expected CAGR of 2.2% to $3.2 trillion through the outlook period as the industry rides climbing global per capita income and continued growth in developing economies. Global manufacturers will continue to invest heavily in technology and innovation, making waves with new electric and autonomous driving technologies. Companies will also lean on government support regarding electric and hybrid vehicle technology. Even so, tariff policies may restrict many facets of trade, preventing automakers from purchasing some foreign inputs or seamlessly accessing certain export markets.
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The global manufacturing operations management software market was valued at USD 12.65 Billion in 2024. The industry is expected to grow at a CAGR of 9.00% during the forecast period of 2025-2034 to attain a valuation of USD 29.95 Billion by 2034.
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The Manufacturing Supply Chain Management (SCM) market is a pivotal segment of the broader industrial landscape, encompassing a comprehensive framework that optimizes the flow of goods and services, from raw material procurement to product delivery. This intricate process enhances operational efficiency, reduces cos
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Indonesia Manufacturing Industry: Production: Value: Other Sugar data was reported at 1,558.418 IDR bn in 2015. This records a decrease from the previous number of 1,901.066 IDR bn for 2012. Indonesia Manufacturing Industry: Production: Value: Other Sugar data is updated yearly, averaging 260.774 IDR bn from Dec 1999 (Median) to 2015, with 15 observations. The data reached an all-time high of 5,924.687 IDR bn in 2009 and a record low of 22.648 IDR bn in 2000. Indonesia Manufacturing Industry: Production: Value: Other Sugar data remains active status in CEIC and is reported by Central Bureau of Statistics. The data is categorized under Indonesia Premium Database’s Mining and Manufacturing Sector – Table ID.BAD001: Manufacturing Industry: by Product: Value.
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Indonesia Manufacturing Industry: Production: Value: Reproduction of Recorded Media data was reported at 268.870 IDR bn in 2015. This records an increase from the previous number of 245.164 IDR bn for 2014. Indonesia Manufacturing Industry: Production: Value: Reproduction of Recorded Media data is updated yearly, averaging 14.272 IDR bn from Dec 1999 (Median) to 2015, with 13 observations. The data reached an all-time high of 560.687 IDR bn in 2013 and a record low of 0.484 IDR bn in 1999. Indonesia Manufacturing Industry: Production: Value: Reproduction of Recorded Media data remains active status in CEIC and is reported by Central Bureau of Statistics. The data is categorized under Indonesia Premium Database’s Mining and Manufacturing Sector – Table ID.BAD001: Manufacturing Industry: by Product: Value.
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The Manufacturing Data Operations Solutions market is an essential component of the industry, designed to streamline processes, enhance productivity, and maximize resource efficiency through the effective management and analysis of data. As manufacturers increasingly embrace digital transformation, the demand for ad
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Market Size statistics on the Global Bakery Goods Manufacturing industry in Global
In July 2024, global industrial production, excluding the United States, increased by *** percent compared to the same time in the previous year, based on three month moving averages. This is compared to an increase of *** percent in advanced economies (excluding the United States) for the same time period. The global industrial production collapsed after the outbreak of COVID-19, but increased steadily in the months after, peaking at ** percent in June 2021. Industrial growth rate tracks the output production in the industrial sector.