The manufacturing industry in India has emerged as a fast-growing sector owing to the rapidly increasing population in the country. Investments in the sector have been on the rise and initiatives like ‘Make in India’ aim to make the South Asian country a global manufacturing hub. The annual production growth rate in the manufacturing industry was *** percent during fiscal year 2025. Foreign and domestic enterprisesThe gross value added by the manufacturing sector in India has grown steadily; however, it is still lower than the services sector. With the prospect of a huge consumer market, global giants such as Siemens, HTC, and Toshiba have already set up or are in the process of setting up manufacturing plants across the region. Apple has also been setting up nascent operations in India to diversify from China-centered production. On the other hand, the micro, small and medium enterprises sector is also crucial to transforming India from an agriculture-based economy to an industrialized one. MSME's contribution to Indian GDP has remained stable over the last few years. The futureWith technology reaching what previously were unimaginable heights in the last decade, industries need to keep up with the current trends and the technology. The focus is shifting towards machine learning to improve the efficiency and precision of the work.Smart manufacturing, a combination of internet of things and artificial intelligence, is expected to see growth in the coming decade.

The India Manufacturing Market is Segmented by Ownership (Public Sector, and Others), by End-User Industry (Automotive & Auto Components, and Others), by Plant Size (Large Enterprises), and by Region (North India, and Others). The Market Forecasts are Provided in Terms of Value (USD).

India's manufacturing sector witnessed a decline of over seven percent in fiscal year 2021. This resulted from the economic slowdown from the impact of the COVID-19 pandemic. Manufacturing accounted for about 14.5 percent of the country's GVA in fiscal year 2021.

The India Manufacturing Sector Market offers a diverse range of products, including automobiles, machinery, electronics, and pharmaceuticals. The automotive industry is one of the largest segments, driven by factors such as increasing urbanization, rising disposable income, and government initiatives to promote domestic manufacturing. The machinery segment is also experiencing growth, supported by the expanding manufacturing base and the need for automation. The electronics industry is witnessing significant demand due to the growing adoption of consumer electronics and the proliferation of the digital economy. The pharmaceutical industry is driven by factors such as increasing healthcare expenditure and the rise of chronic diseases. Recent developments include: January 2023: Sundram Fasteners, an auto component manufacturer, secured its largest-ever EV contract in its six-decade history. The Chennai-based company clinched a USD 250 million deal from a prominent global automobile manufacturer to supply sub-assemblies for its electric vehicle (EV) platform. Sundram Fasteners anticipates reaching an annual sales peak of USD 52 million by 2026, with a supply of 1.5 million drive unit sub-assemblies per annum., January 2023: Tata Motors, a multinational automotive manufacturing company based in India, disclosed plans to potentially establish plants in India and Europe for manufacturing battery cells dedicated to electric vehicles (EVs). The Chief Financial Officer of Tata Motors' auto unit revealed this information in an interview with Reuters. Tata Motors, which has sold a total of 50,000 electric cars thus far, dominates India's EV market and aims to introduce 10 electric models by March 2026.. Key drivers for this market are: Increasing demand for products in sectors like automotive, consumer electronics, and pharmaceuticals, both domestically and internationally, is fueling the expansion of manufacturing activities in India. Potential restraints include: Inadequate infrastructure, including poor transportation networks, inconsistent power supply, and inefficient logistics, which raise operational costs and hinder the smooth functioning of industries. Notable trends are: Growing government spending and the large and growing population, coupled with a rising middle class, are driving the market growth.

Industrial Production in India increased 1.20 percent in May of 2025 over the same month in the previous year. This dataset provides - India Industrial Production - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2023, India's manufacturing sector's GDP share was around ** percent. The share remained the same as compared to the last year and declined from ** percent in 2010. Value added is the net output of the manufacturing sector after adding all outputs and subtracting intermediate inputs. The manufacturing sector employs over ** million workers. Boosting manufacturing As global economies aim to reduce reliance on China or adopt a China-plus strategy, India has emerged as a potent alternative manufacturing hub. The Make in India initiative was launched to foster and strengthen India’s global manufacturing status by enhancing foreign direct investments, skill development, and updating manufacturing infrastructure. Under the Production Linked Incentive (PLI) Scheme, companies are incentivized to promote domestic production and enhance manufacturing competitiveness. Despite efforts, experts expressed doubts about the government’s ambition to raise the share of manufacturing to GDP to ** percent by 2025.
Hurdles for manufacturing As per the World Bank, India’s share in global trade has not kept pace with its rapidly growing economy. It is losing ground to countries like Bangladesh and Vietnam in key low-cost and low-skill manufacturing export sectors. Manufacturing productivity in India has remained low. and the availability of capital also remains an obstacle for the manufacturing sector. Inadequate investments in technology, infrastructure, and research and development (R&D) can also impact productivity growth. Other factors include regulatory compliance burdens, complex labor laws, red tape, and inefficient supply chains.

Historical chart and dataset showing India manufacturing output by year from 1960 to 2023.

The smart manufacturing market is experiencing robust growth, projected to reach $24.83 billion in 2025 and exhibiting a Compound Annual Growth Rate (CAGR) of 16.83% from 2025 to 2033. This expansion is driven by the increasing adoption of Industry 4.0 technologies, such as the Internet of Things (IoT), artificial intelligence (AI), and machine learning (ML), across various industrial sectors. These technologies enable enhanced automation, improved efficiency, optimized production processes, and real-time data-driven decision-making, leading to significant cost reductions and increased productivity. The process industry, a major segment, benefits significantly from predictive maintenance capabilities offered by smart manufacturing solutions, reducing downtime and improving operational reliability. Furthermore, the rising demand for advanced human-machine interfaces (HMIs) and manufacturing execution systems (MES) is fueling market growth. North America and Europe currently hold substantial market shares, driven by early adoption of advanced technologies and established manufacturing bases. However, the Asia-Pacific region, particularly China and India, is witnessing rapid growth, fueled by industrialization and government initiatives promoting digital transformation. Several factors restrain market expansion, including high initial investment costs associated with implementing smart manufacturing solutions, cybersecurity concerns related to interconnected systems, and the need for skilled workforce training to effectively manage and maintain these complex technologies. However, the long-term benefits of improved efficiency, reduced operational costs, and enhanced product quality outweigh these challenges. The market is highly competitive, with major players like ABB, Siemens, Rockwell Automation, and others vying for market share through strategic partnerships, acquisitions, and continuous innovation. Future growth will be significantly influenced by the ongoing advancements in AI, cloud computing, and edge computing technologies, allowing for even greater levels of automation, data analysis, and predictive capabilities within the manufacturing sector. The continued integration of these technologies across various industry segments will be pivotal in driving the sustained growth of the smart manufacturing market over the coming decade.

In financial year 2019, the labor productivity growth of the manufacturing sector in India was 10.9 percent. In the last six fiscal years, 2014 witnessed a minimum growth of 5.5 percent while the maximum of 14.1 percent was seen in 2016. The growth rate remained the same for two consecutive years of 2017 and 2018 at 7.6 percent.

Manufacturing Production in India increased 2.60 percent in May of 2025 over the same month in the previous year. This dataset provides the latest reported value for - India Manufacturing Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The annual growth rate for industrial production in India recovered and registered a growth rate of over five percent in the financial year 2023. The IIP growth rate is expected to increase to nearly six percent in 2024.

The manufacturing sector in India employed over 18.4 million people in the financial year 2023. This was a growth of over 7 percent as compared to the previous financial year. Industries driving the sector's growth included basic metals, coke and refined petroleum, food products, and chemicals among others.

The Indian manufacturing sector, valued at $310.30 million in 2025, is poised for robust growth, exhibiting a Compound Annual Growth Rate (CAGR) of 9.11% from 2025 to 2033. This expansion is fueled by several key drivers. Government initiatives promoting "Make in India" are attracting significant foreign direct investment and stimulating domestic production. Rising disposable incomes and a burgeoning middle class are driving increased demand for consumer goods, particularly in the automotive, consumer electronics, and food and beverage sectors. Furthermore, India's strategic location and relatively low labor costs compared to other manufacturing hubs make it an increasingly attractive destination for global manufacturers. The sector is segmented by ownership (public, private, joint, cooperative), raw materials used (agro-based, mineral-based), and end-user industries (automotive, manufacturing, textile, consumer electronics, construction, food & beverage, others). Leading players such as Tata Motors, Mahindra & Mahindra, Ashok Leyland, Hindustan Unilever, and others contribute significantly to the market's dynamism. However, challenges remain, including infrastructure bottlenecks, skill gaps in the workforce, and navigating complex regulatory environments. Overcoming these hurdles will be crucial to fully realizing the sector's growth potential. Despite challenges, the forecast for the Indian manufacturing sector is optimistic. Continued growth in key end-user industries like automotive and consumer electronics, coupled with government support for infrastructure development and skill enhancement programs, will likely accelerate the market expansion. The diversification of the manufacturing base beyond traditional sectors, embracing technological advancements, and focusing on sustainable practices will play a critical role in the sector’s long-term success. The presence of established multinational corporations alongside a vibrant domestic industry ensures a competitive and dynamic marketplace, positioning India as a significant manufacturing powerhouse in the coming years. Recent developments include: January 2023: Sundram Fasteners, an auto component manufacturer, won the biggest EV contract in its 60-year history. The Chennai-based company was awarded a USD 250 million contract by a leading global automobile manufacturer to supply sub-assemblies for its electric vehicle (EV) platform. The company estimates an annual sales peak of USD 52 million in 2026 with a supply of 1.5 million drive unit sub-assemblies per annum.January 2023: Tata Motors (an Indian multinational automotive manufacturing company) announced plans to set up plants in India and Europe to produce battery cells for electric vehicles. The company dominates the country's EV market, with total sales of 50,000 electric cars to date. It outlined plans to launch 10 electric models by March 2026.. Key drivers for this market are: The government has introduced several initiatives under the banner of "Make in India", India boasts a sizable pool of skilled labor, facilitating the establishment of manufacturing facilities for companies in various sectors. Potential restraints include: The government has introduced several initiatives under the banner of "Make in India", India boasts a sizable pool of skilled labor, facilitating the establishment of manufacturing facilities for companies in various sectors. Notable trends are: Growing Government Spending is Expected to Boost the Market’s Growth.

The index of Industrial Production for the manufacturing sector across India in the financial year of 2025 stood at 150.6. This was a growth rate of over 4 percent over the previous financial year.

Manufacturing Data Analytics Market Outlook

The global manufacturing data analytics market size is estimated to reach USD 7.5 billion in 2023 and is projected to grow to USD 19.3 billion by 2032, at a compound annual growth rate (CAGR) of 11.4% during the forecast period. This growth is driven by the increasing demand for actionable insights to optimize production processes, enhance supply chain efficiency, and improve product quality.

The primary growth factor for the manufacturing data analytics market is the rising adoption of Industry 4.0 and smart manufacturing practices. Manufacturers are increasingly leveraging data analytics to gain real-time insights into their operations, reducing downtimes, and streamlining workflows. The advent of the Internet of Things (IoT), artificial intelligence (AI), and machine learning (ML) has revolutionized data collection and processing, providing manufacturers with powerful tools to predict machine failures, manage quality, and optimize supply chains. These technologies enable predictive maintenance, leading to significant cost savings and enhanced productivity.

Moreover, the shift toward a data-driven culture in the manufacturing sector is propelling market growth. With the availability of vast amounts of data generated from various sources like sensors, machines, and enterprise systems, manufacturers are increasingly investing in advanced analytics solutions to analyze and interpret this data. This shift is driven by the need to remain competitive in a rapidly evolving market landscape. Data analytics provides manufacturers with a competitive edge by offering insights into customer preferences, production efficiency, and market trends, allowing them to make informed decisions and respond swiftly to market demands.

Another critical factor contributing to the market growth is the increasing focus on regulatory compliance and quality management. Manufacturers are under constant pressure to comply with stringent regulations and standards across various industries, such as automotive, aerospace, and pharmaceuticals. Data analytics solutions help manufacturers monitor and maintain quality standards throughout the production process, ensuring adherence to regulatory requirements. By identifying defects and inconsistencies early in the production cycle, manufacturers can take corrective actions promptly, minimizing the risk of non-compliance and ensuring product quality.

Regionally, the Asia Pacific region is expected to witness substantial growth in the manufacturing data analytics market. The region's rapid industrialization, coupled with the increasing adoption of advanced manufacturing technologies, is driving the demand for data analytics solutions. Countries like China, Japan, and India are at the forefront of this growth, with significant investments in smart manufacturing initiatives. Additionally, the increasing focus on digital transformation and the presence of a large number of manufacturing enterprises in the region further contribute to market expansion.

Component Analysis

In the manufacturing data analytics market, the component segment is broadly categorized into software, hardware, and services. The software segment encompasses various analytics platforms and tools that enable manufacturers to collect, analyze, and visualize data. These software solutions offer capabilities such as predictive analytics, machine learning, and real-time monitoring, which are crucial for optimizing manufacturing processes. The increasing demand for advanced analytics software is driving the growth of this segment, as manufacturers seek to leverage data-driven insights to enhance operational efficiency and productivity.

The hardware segment includes sensors, IoT devices, and other infrastructure required to collect and transmit data in manufacturing environments. These hardware components are essential for capturing real-time data from machines, equipment, and production lines. The proliferation of IoT devices and the need for robust data collection infrastructure are driving the growth of the hardware segment. Manufacturers are investing in advanced hardware solutions to ensure seamless data acquisition, which forms the foundation for effective data analytics.

The services segment comprises consulting, implementation, and support services offered by various vendors to help manufacturers deploy and maintain data analytics solutions. Consulting services play a crucial role in guiding manufacturers through the process of selecting the right analytics tools and developing customized solutio

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Big Data In Manufacturing Market Size 2025-2029

The big data in manufacturing market size is forecast to increase by USD 21.44 billion at a CAGR of 26.4% between 2024 and 2029.

The market is experiencing significant growth, driven by the increasing adoption of Industry 4.0 and the emergence of artificial intelligence (AI) and machine learning (ML) technologies. The integration of these advanced technologies is enabling manufacturers to collect, process, and analyze vast amounts of data in real-time, leading to improved operational efficiency, enhanced product quality, and increased competitiveness. Cost optimization is achieved through root cause analysis and preventive maintenance, and AI algorithms and deep learning are employed for capacity planning and predictive modeling.
To capitalize on the opportunities presented by the market and navigate these challenges effectively, manufacturers must invest in building strong data analytics capabilities and collaborating with technology partners and industry experts. By leveraging these resources, they can transform raw data into actionable insights, optimize their operations, and stay ahead of the competition. The sheer volume, velocity, and variety of data being generated require sophisticated tools and expertise to extract meaningful insights. Additionally, ensuring data security and privacy, particularly in the context of increasing digitalization, is a critical concern.

What will be the Size of the Big Data In Manufacturing Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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In the dynamic manufacturing market, Business Intelligence (BI) plays a pivotal role in driving operational efficiency and competitiveness. Blockchain technology and industrial automation are key trends, enhancing transparency and security in supply chain operations. Real-time monitoring systems, Data Integration Tools, and Data Analytics Dashboards enable manufacturers to gain insights from vast amounts of data. Lifecycle analysis, Smart Manufacturing, and Cloud-based Data Analytics facilitate predictive maintenance and optimize production.
PLC programming, Edge AI, KPI tracking, and Automated Reporting facilitate data-driven decision making. Manufacturing Simulation Software and Circular Economy principles foster innovation and sustainability. The market is transforming towards Digital Transformation, incorporating Predictive Maintenance Software and Digital Thread for enhanced visibility and agility. SCADA systems, Carbon Footprint, and Digital Thread promote sustainable manufacturing practices. AI-powered Quality Control, Performance Measurement, and Sensor Networks ensure product excellence.

How is this Big Data In Manufacturing Industry segmented?

The big data in manufacturing industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Services
  Solutions


Deployment

  On-premises
  Cloud-based
  Hybrid


Application

  Operational analytics
  Production management
  Customer analytics
  Supply chain management
  Others


Geography

  North America

    US
    Canada
    Mexico


  Europe

    France
    Germany
    UK


  APAC

    China
    India
    Japan
    South Korea


  Rest of World (ROW)

By Type Insights

The services segment is estimated to witness significant growth during the forecast period. In the realm of manufacturing, the rise of data from sensors, machines, and operations presents a significant opportunity for analytics and insights. Big data services play a pivotal role in this landscape, empowering manufacturers to optimize resource allocation, minimize operational inefficiencies, and discover cost-saving opportunities. Real-time analytics enable predictive maintenance, reducing unplanned downtime and repair costs. Data visualization tools offer human-machine interfaces (HMIs) for seamless interaction, while machine learning and predictive modeling uncover hidden patterns and trends. Data security is paramount, with robust access control, encryption, and disaster recovery solutions ensuring data integrity. Supply chain management and demand forecasting are streamlined through data integration and real-time analytics.

Quality control is enhanced with digital twins and anomaly detection, minimizing defects and rework. Capacity planning and production monitoring are optimized through time series analysis and neural networks. IoT sensors and data acquisition systems feed data warehouses and data lakes, fueling statistical analysis and regression modeling. Energy efficiency is improved through data-driven insights, while inventory management

Technological advancements in the India Manufacturing Sector industry are shaping the future market landscape. The report evaluates innovation-driven growth and how emerging technologies are transforming industry practices, offering a comprehensive outlook on future opportunities and market potential.

"The Annual Survey of Industries (ASI) is the principal source of industrial statistics in India. It provides statistical information to assess and evaluate, objectively and realistically, the changes in the growth, composition and structure of organised manufacturing sector comprising activities related to manufacturing processes, repair services, gas and water supply and cold storage. Industrial sector occupies an important position in the Indian economy and has a pivotal role to play in the rapid and balanced economic development. Viewed in this context the collection and dissemination of ASI data, on a regular basis, are of vital importance. The Survey is conducted annually under the statutory provisions of the Collection of Statistics Act 2008, and the Rules framed there-under in 2011, except in the State of Jammu & Kashmir where it is conducted under the State Collection of Statistics Act, 1961 and the rules framed there-under in 1964"--Publisher website (http://mospi.nic.in/mospi_new/upload/asi/ASI_main.htm)

The India semiconductor market, valued at $39.5 billion in 2025, is poised for robust growth, exhibiting a Compound Annual Growth Rate (CAGR) of 16% from 2025 to 2033. This expansion is fueled by several key drivers. The burgeoning Indian digital economy, with its increasing smartphone penetration, e-commerce adoption, and expanding digital infrastructure, creates significant demand for semiconductors across various applications. Government initiatives like the PLI scheme for semiconductors are further stimulating domestic manufacturing and attracting significant foreign investment, fostering a more self-reliant ecosystem. The growth is also driven by the automotive sector's increasing reliance on electronics, particularly in advanced driver-assistance systems (ADAS) and electric vehicles. Furthermore, the expanding communication infrastructure, including 5G deployment and the rise of IoT, contributes to heightened demand. While challenges such as global supply chain disruptions and dependence on imports of certain specialized components remain, the overall outlook for the India semiconductor market remains exceptionally positive. The market segmentation reveals a diverse landscape. Integrated circuits (ICs), encompassing analog, microprocessors, logic, and memory chips, constitute a substantial portion of the market. Discrete semiconductors and optoelectronics also hold significant shares, driven by the aforementioned demand from various end-user industries. The computer, communication (wireline and wireless), and automotive sectors are major consumers of semiconductors. The presence of established multinational corporations like Intel, Samsung, and Texas Instruments, alongside rapidly growing domestic players like Tata Group, Bharat Electronics, and Vedanta Semiconductors, indicates a dynamic and competitive market environment. The forecast period of 2025-2033 presents numerous opportunities for companies engaged in design, manufacturing, and distribution within the Indian semiconductor value chain. The continued growth hinges on addressing challenges like skilled workforce development and ensuring consistent government support for building a robust and resilient semiconductor industry within India. Recent developments include: July 2024: AMD announced a partnership with the Society for Innovation and Entrepreneurship (SINE) at IIT Bombay. Through this collaboration, AMD will provide grants to startups incubated at IIT Bombay focused on developing energy-efficient Spiking Neural Network (SNN) chips. These startups will be working on innovative ways to decrease the energy consumption of traditional neural networks. As part of this partnership, Numelo Technologies was awarded the first grant to develop SNN chips using ultralow power quantum tunneling on silicon-on-insulator (SOI) technology., July 2024: Horiba, a Japanese analytical and measurement solutions company with a valuation of USD 2.5 billion, announced that it was considering establishing a unit in India. This facility aims to serve the needs of India's developing fabrication (fab) plants, OSAT (outsourced semiconductor assembly and test) companies, and ATMP (modified assembly, testing, marking, and packaging) players, as well as the expanding global market.. Key drivers for this market are: Growing Automotive Industry and EV Demand, Smartphone and Consumer Electronics Demand Growth; Growing Telecom Infrastructure Augmented by 5G and Fixed Internet Connections. Potential restraints include: Growing Automotive Industry and EV Demand, Smartphone and Consumer Electronics Demand Growth; Growing Telecom Infrastructure Augmented by 5G and Fixed Internet Connections. Notable trends are: The Sensors and Actuators Segment is Expected to Witness Significant Growth.

Hand Tools Market Outlook

The global hand tools market size is projected to grow from USD 20 billion in 2023 to USD 30 billion by 2032, exhibiting a CAGR of 4.5% from 2024 to 2032. Several growth factors are driving this market, including increasing infrastructure development, rising DIY culture, and advancements in tool ergonomics and manufacturing.

One of the primary growth factors for the hand tools market is the burgeoning construction industry, especially in developing regions. The demand for hand tools is closely tied to construction activities, which necessitate a wide array of tools ranging from hammers to wrenches to screwdrivers. With significant investments in infrastructure projects, particularly in emerging economies such as India and China, the appetite for hand tools is expected to surge. Additionally, the global push for urbanization and commercial building projects further accentuates this demand.

Another significant growth driver is the increasing popularity of the do-it-yourself (DIY) culture. The DIY trend, which encompasses home improvement and personal projects, has been gaining momentum worldwide. This is largely fueled by the availability of online tutorials, home improvement shows, and social media influence. Consumers are now more inclined to undertake small repairs and renovations themselves, leading to a rise in the purchase of hand tools for household use. The ease of access to these tools through various distribution channels like online stores has further empowered this trend.

Technological advancements and improved ergonomics in hand tools are also contributing to market growth. Manufacturers are continually innovating to offer tools that are not only efficient but also user-friendly. Ergonomically designed tools help reduce strain and increase productivity, which is particularly significant for professional users who require tools for extensive use. Additionally, the integration of smart technology in hand tools, such as digital measurement and connectivity features, is creating new opportunities and enhancing the overall user experience.

The integration of Power & Hand Tools in the market is becoming increasingly significant as industries and consumers alike seek efficiency and versatility. Power tools, with their ability to perform tasks quickly and with less manual effort, complement the traditional hand tools, offering a comprehensive toolkit for various applications. This synergy is particularly evident in sectors like construction and automotive, where both power and hand tools are essential for different phases of work. The growing trend of combining these tools is driving innovation, as manufacturers strive to create products that offer the best of both worlds, enhancing productivity and user experience.

Regionally, the Asia Pacific is anticipated to be the fastest-growing market for hand tools. This growth is driven by rapid industrialization, urbanization, and infrastructure development in countries like China, India, and Japan. The increasing disposable income and rising standard of living in these regions are also contributing to higher demand for household tools. Moreover, North America continues to be a significant market due to its well-established construction and automotive industries, along with a strong DIY culture. Europe also holds a substantial share, supported by its robust manufacturing sector and high-quality standards in tool production.

Product Type Analysis

The hand tools market is segmented by product types such as wrenches, pliers, screwdrivers, hammers, cutting tools, and others. Wrenches are among the most commonly used hand tools in both professional and DIY applications. Their demand is driven by their versatility and necessity in various sectors, including automotive and construction. Adjustable wrenches, torque wrenches, and combination wrenches are some of the popular types that cater to different needs and applications, making them indispensable in toolkits across the world.

Pliers, another critical category, are essential for gripping, bending, and cutting operations. They find extensive use in electrical work, plumbing, and various other maintenance tasks. The pliers segment is witnessing innovations such as insulated handles for electrical safety and multi-functional designs that combine several