The United States manufacturing sector output decreased 0.2 percent in the third quarter of 2024. The data are seasonally adjusted at annual rates. Manufacturing sector output is a chain-type, current-weighted index constructed after excluding from the gross domestic product (GDP) the following outputs: general government, nonprofit institutions, and private households (including owner-occupied housing). Corresponding exclusions are also made in labor inputs.

Manufacturing Production in the United States increased 0.70 percent in February of 2025 over the same month in the previous year. This dataset provides the latest reported value for - United States Manufacturing Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

In the United States, the manufacturing sector productivity increased by one percent during the third quarter of 2024. The data are seasonally adjusted at annual rates. Productivity describes the relationship between real output and the labor time involved in its production. They show the changes from period to period in the amount of goods and services produced per hour.

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. Data are in current U.S. dollars.

Manufacturing sector unit labor costs in the United States increased by 5.3 percent in the third quarter of 2024. The data are seasonally adjusted at annual rates. Unit labor costs describe the relationship between compensation per hour and productivity, or real output per hour, and can be used as an indicator of inflationary pressure on producers. Increases in hourly compensation increase unit labor costs; labor productivity increases offset compensation increases and lower unit labor costs.

Graph and download economic data for Manufacturing Sector: Real Sectoral Output for All Workers (OUTMS) from Q1 1987 to Q4 2024 about output, sector, manufacturing, real, and USA.

Wages in Manufacturing in the United States increased to 28.64 USD/Hour in February from 28.54 USD/Hour in January of 2025. This dataset provides - United States Average Hourly Wages in Manufacturing - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for Manufacturing Sector: Labor Productivity (Output per Hour) for All Workers (OPHMFG) from Q1 1987 to Q4 2024 about per hour, output, sector, manufacturing, real, persons, and USA.

During the first quarter of 2024, the real hourly compensation in the manufacturing sector in the United States increased by 2.2 percent from the previous quarter. The data are seasonally adjusted at annual rates. Labor compensation includes accrued wages and salaries, supplements, employer contributions to employee benefit plans, and taxes.

Industrial Production in the United States increased 1.40 percent in February of 2025 over the same month in the previous year. This dataset provides the latest reported value for - United States Industrial Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The size of the North America Industrial Manufacturing Industry market was valued at USD 58.35 Million in 2023 and is projected to reach USD 91.39 Million by 2032, with an expected CAGR of 6.62% during the forecast period. The North American industrial manufacturing industry is a cornerstone of economic growth, driving innovation and productivity across sectors. This industry encompasses a wide range of operations, including automotive, aerospace, electronics, machinery, and chemicals, each adapting to changing market demands and technological advancements. As of recent years, digital transformation has become pivotal, with companies increasingly adopting Industry 4.0 technologies like the Internet of Things (IoT), artificial intelligence (AI), robotics, and big data analytics. These innovations are enabling manufacturers to enhance efficiency, reduce costs, and improve production flexibility. A significant trend is the shift towards sustainable practices and renewable energy sources, partly driven by regulatory pressures and the growing emphasis on corporate social responsibility (CSR). Manufacturers are focusing on energy-efficient processes, circular economy principles, and low-emission manufacturing, aiming to meet environmental, social, and governance (ESG) standards. The supply chain disruptions, especially during the COVID-19 pandemic, underscored the need for resilience and prompted investments in supply chain diversification, automation, and local sourcing to mitigate risks. Recent developments include: June 2023: Honeywell, an American global company, and LG CNS are collaborating further to increase smart factories' production efficiency and security. Through this collaboration, the two companies will expand cooperation in building smart factories at home and abroad and strengthen OT (Operating Technology) security, which monitors the production process in real-time and remotely controls facilities., March 2023: LG Energy Solution announced an investment of around KRW 7.2 trillion (USD 5.5 billion) in building a battery manufacturing hub in Queen Creek, Arizona. This hub will include two facilities: one for making cylindrical batteries for electric vehicles (EVs) and another for producing lithium iron phosphate (LFP) pouch-type batteries for energy storage systems (ESS)., October 2022: Emerson announced the evolution of Plantweb, a digital ecosystem incorporating the AspenTech portfolio of asset optimization software powered by industrial artificial intelligence, creating the industry's most comprehensive digital transformation portfolio. Moreover, its Plantweb digital ecosystem, optimized by AspenTech, enables industrial manufacturers across all sectors to "See, Decide, Act, and Optimize" their operations.. Key drivers for this market are: Increasing Demand for Automation to Achieve Efficiency and Quality, Need for Compliance and Government Support for Digitization; Proliferation of Internet of Things. Potential restraints include: Concerns Regarding Data Security, High Initial Installation Costs and Lack of Skilled Workforce Preventing Enterprises from Full-scale Adoption. Notable trends are: Robotics is Expected to Witness Significant Growth.

GDP from Manufacturing in the United States increased to 2402.80 USD Billion in the third quarter of 2024 from 2383.80 USD Billion in the second quarter of 2024. This dataset provides - United States Gdp From Manufacturing- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for Real Gross Domestic Product: Manufacturing (31-33) in the United States (USMANRGSP) from 1997 to 2023 about GSP, private industries, private, manufacturing, real, industry, GDP, and USA.

This statistic shows the number of private sector manufacturing employees in the United States from 1985 to 2023. In 2023, roughly 14.92 million people were employed in the private sector manufacturing industry.

Graph and download economic data for Manufacturing Sector: Output per Worker for All Workers (PRS30006163) from Q1 1987 to Q4 2024 about output, sector, personal, manufacturing, real, and USA.

In October 2024, manufacturing sector employment in the United States decreased by 46,000 compared to the previous month. The data are seasonally adjusted. According to the BLS, the data is derived from the Current Employment Statistics (CES) program which surveys each month about 140,000 businesses and government agencies, representing approximately 440,000 individual worksites, in order to provide detailed industry data on employment.

United States TMOS: sa: Future Growth Rate of Orders: Increase data was reported at 26.300 % in Apr 2020. This records an increase from the previous number of 24.300 % for Mar 2020. United States TMOS: sa: Future Growth Rate of Orders: Increase data is updated monthly, averaging 37.400 % from Jun 2004 (Median) to Apr 2020, with 191 observations. The data reached an all-time high of 59.400 % in Sep 2004 and a record low of 22.700 % in Feb 2009. United States TMOS: sa: Future Growth Rate of Orders: Increase data remains active status in CEIC and is reported by Federal Reserve Bank of Dallas. The data is categorized under Global Database’s United States – Table US.S016: Texas Manufacturing Outlook Survey.

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Additive Manufacturing Market Size 2025-2029

The additive manufacturing market size is forecast to increase by USD 46.76 billion at a CAGR of 23.9% between 2024 and 2029.

The market is experiencing significant growth, driven primarily by the high demand In the medical device sector for customized implants and prosthetics. This trend is further fueled by the increasing consumer interest in personalized, 3D-printed products across various industries. However, the market growth is not without challenges. Moreover, the precision and customization offered by additive manufacturing make it an ideal solution for producing dental implants and other medical devices. The high initial cost of setting up additive manufacturing facilities remains a significant barrier to entry for many companies. Despite this, the long-term benefits, including reduced material waste, faster prototyping, and increased design freedom, make it an attractive investment for those seeking to innovate and stay competitive. Companies looking to capitalize on the opportunities in this market should focus on cost reduction strategies, collaborations, and partnerships to overcome the initial investment hurdle. By navigating these challenges effectively, they can reap the rewards of this dynamic and innovative industry.

What will be the Size of the Market during the forecast period?

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The market, also known as 3D printing, is experiencing significant growth and innovation as layer-by-layer addition becomes an increasingly viable alternative to traditional subtractive manufacturing methods. The global market size is projected to expand at a strong rate, driven by the prototyping segment, particularly In the automotive industry. Industrial additive manufacturing, utilizing technologies such as stereolithography and fuse deposition modeling, is leading the charge in production applications. Despite this progress, challenges persist, including regulatory scrutiny and the need for consultation solutions and installation services. Mergers and acquisitions continue to shape the competitive landscape, as industry leaders seek to expand their offerings and reduce production expenses.
The market encompasses a range of offerings, from industrial-grade printers to desktop models, catering to various industries and educational purposes. Design software and 3D scanning software capabilities are also critical components of the additive manufacturing ecosystem, enabling users to create and optimize their designs for 3D printing. Overall, the market is poised for continued growth and disruption, offering new opportunities for businesses and innovators alike.

How is this Industry segmented?

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

Component

  Hardware
  Software
  Services


End-user

  Automotive
  Aerospace
  Industrial
  Healthcare
  Others


Material

  Plastics
  Metals
  Ceramics
  Others


Technology

  Stereolithography
  Polyjet printing
  Binder jetting printing
  Laser sintering
  Others


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Spain
    UK


  APAC

    China
    India
    Japan
    South Korea


  South America



  Middle East and Africa

By Component Insights

The hardware segment is estimated to witness significant growth during the forecast period. Additive manufacturing is a technology-driven process that involves creating three-dimensional objects by adding material layer by layer. This technique, also known as 3D printing, has gained significant traction in various industries due to its rapid manufacturing capabilities and material optimization benefits. The market for additive manufacturing is segmented into several areas, including the prototyping segment and the automotive segment, among others. Industries are increasingly turning to additive manufacturing for applications such as automotive prototyping, functional parts production, and patient-specific healthcare products. 3D printing technology encompasses several methods, including Fused Deposition Modeling (FDM), Stereolithography (SLA), and Selective Laser Sintering (SLS), among others.

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The hardware segment was valued at USD 7.79 billion in 2019 and showed a gradual increase during the forecast period.

Regional Analysis

North America is estimated to contribute 37% to the growth of the global market during the forecast period.Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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This graph shows the average annual growth rate in the manufacturing sector labor productivity in the United States from 1960 to 2013. Manufacturing sector labor productivity increased at 3.9 percent annual rate from 2010 through 2013.

US Pharmaceutical Contract Manufacturing Organization Market size was valued at USD 161.76 Billion in 2024 and is projected to reach USD 300.34 Billion by 2032, growing at a CAGR of 7.15% from 2025 to 2032.

Key Market Drivers:
Expanding Drug Development Pipeline and FDA Approvals: According to the United States Food and Drug Administration (FDA), new drug applications (NDAs) grew by 32% in 2023, with 68 unique medications approved. According to the National Institutes of Health (NIH), the number of active clinical trials will reach 432,000 by 2023, with 65% requiring external manufacturing support, increasing demand for CMO services.
Increasing Biologics and Complex Therapeutics Development: The FDA’s Center for Biologics Evaluation and Research (CBER) announced that biologics license applications grew by 45% in 2023 over 2022. According to the National Center for Biotechnology Information (NCBI), biologics account for 38% of all pharmaceuticals in development, necessitating the specific manufacturing capabilities provided by CMOs, with investments in biologics manufacturing facilities expected to reach $12.8 billion by 2023.
Cost Pressures and Manufacturing Efficiency Requirements: According to the US Department of Health and Human Services (HHS), pharmaceutical companies would invest $102 billion in R&D in 2023, with 42% outsourced to CMOs for cost efficiency. According to the Congressional Budget Office, pharmaceutical companies saved an average of 25% on costs through CMO agreements in 2023, leading to increased outsourcing of manufacturing activities.