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The manufacturing landscape has changed dramatically over the last decade. To provide a window into this changing landscape we have developed an analysis of the sector, the likes of which does not exist. The Manufacturing Industry Output Tracker study comprises 11 years of historical manufacturing survey data from 34 of the world’s largest manufacturing economies, covering 16 industry verticals, and 19 machinery sectors. This depth of data enabled us to build a trend-based forecast model, which helps our clients better predict the impact current manufacturing cycles are having on their businesses.
We have created the infographic below to highlight some of the key takeaways from our Manufacturing Industry Output Tracker. The infographic is also available for download here
- Manufacturing output was valued at $20.6T in 2007 and has risen to $35.4T by 2017. This represents a CAGR of 5.6%. During this period only one year recorded negative growth (in 2009 output valued dropped by 9.3%).
- The top 4 manufacturing economies accounted for over three quarters of total manufacturing output value in 2017. China was by far the largest and is projected to continue growing its share of global output over the next five years.
- China manufacturing output has more than tripled in the last 11 years. In 2007 it was valued at $5T compared with $17T in 2017.
- Material handling equipment comprises fork lift trucks, elevators, escalators, lifts, cranes, hoists, and conveying machinery. It is forecast to remain the largest machinery sector in 2022.
- The top 5 industries each were worth in excess of $3.9T in 2017. These dwarf all other sectors of industry; the next most notable industry, textiles, was worth $1.7T in 2017.
- The fastest growing sectors, aggregates, food & beverages and textiles, each experienced CAGRs of ~7% or higher. The next fastest growing sector (automotive) was 5.5%.
- Manufacturing output growth will be highest in China and Brazil over the next five years. The countries will see a CAGR of 7.1% and 5.0% respectively.
- APAC will continue to drive growth in manufacturing. Valued at $20 Trillion, the region is expected to see a CAGR of 7% over the next five years.
If you would like to receive regular free updates on the manufacturing industry, please register here.
The above analysis is taken from a new Interact Analysis report – “Manufacturing Industry Output Tracker“, the most complete and unified analysis of the manufacturing industry globally. Quantifying the total value of manufacturing production with deep granularity for over 35 industries and machinery sectors, across 34 countries. If you’d like to learn more about the report or have any questions, please contact us at firstname.lastname@example.org