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USA Manufacturing - Industry - Market, Share and Trends 2023-2028

Report ID:

MAIND1NUSA

|

Industry:

Summary of Manufacturing

USA, a part of The North American region – has considered that the manufacturing sector is an essential part of its economy. And leads to innovation, productivity and displays an increased rate of employment. Nevertheless – the manufacturing industry in North America as well as in USA – faces several challenges and opportunities in the 21st century – such as: global competition, technological change, environmental regulations, trade policies and labor issues. Based on our estimates, we can say that the North America’s regional manufacturing industry is forecasted to be a $4045.39 billion industry in 2029 from $3696 billion in 2023 with a CAGR of 2.50%.

The United States (USA), Canada and Mexico are among the world’s largest manufacturers– producing a wide range of goods from automobiles and aerospace products to chemicals and food products. The industry size of manufacturing market of the U.S is estimated to reach $3298.29 billion by 2029 from $3023.33 billion in 2023 with a CAGR of 2.20%. it accounts for about 81% of the market size within this region.

According to recent data – USA’s manufacturing contributed over $2.7 trillion to the national GDP in the near past. It also employed around 12.4 million workers across various industries as of last year. However, the sector has faced challenges maintaining its dominance amid rising global competition and industry disruption.

Despite these challenges, the manufacturing industry in North America is making a comeback which is driven by strong incentives, consumer demand and impatience with the global supply chain. The United States of America (USA) represents the largest manufacturing economy in North America. The sector remains integral to the country’s economic strength and technological advancement.

Recent Trends and Insights

Automation, 3D printing, robotics, AI and other innovations are being widely adopted by American manufacturers, especially in USA, to boost productivity and flexibility. This allows companies to compete despite rising costs of labor and inputs. Technology investments are expected to increase under programs like the CHIPS Act.

Building a model-based enterprise and leveraging the industrial metaverse can enable manufacturers to connect and collaborate with internal and external stakeholders across the globe. There is plenty of research to back this data that many manufacturers are already experimenting with or implementing at least one metaverse-related use case, and on average, they are currently running more than six use cases. 

Within USA – we can also notice that Robots will play a major part in revolutionizing this industry. Recent estimates results showcase that– over 2 million industrial robots will be installed worldwide by 2025, with the U.S. remaining a key market.

Product insights

Industries like food and beverage – within USA – are powering plants with solar, wind and other renewables to slash energy costs and carbon footprints. Electric vehicle manufacturers are also prioritizing renewable components.

Companies explore new revenue streams through product recycling, refurbishment and reuse to reduce waste. For example – consumer electronics brands now offer trade-in programs for older devices. This is one of the emerging trend seen within USA.

Bioplastics, plant-based fabrics and green chemicals allow substitution of petrochemicals and other resource-intensive inputs. Firms- in and around USA-  also focus on recyclability in product design. emerging digital technologies continue transforming factory floors.

Overall– sustainability-driven innovations as well as technology adoption will remain key drivers shaping the future of USA’s manufacturing. The Industrial Internet of Things connects machines to analyze production data and enable predictive maintenance. Meanwhile– augmented and virtual reality tools are helping address skills gaps through new training methods.

Key companies

Some major players within this vast domain of industry are:

  • General Motors
  • Ford Motor Company
  • Boeing
  • 3M
  • Honeywell
  • Johnson & Johnson
  • Procter & Gamble
  • Caterpillar

Country Analysis

The manufacturing sector varies significantly across different regions in USA based on their industrial specializations and economic strengths. Texas, Louisiana and Mississippi produce oil/gas, petrochemicals, plastics and paper products for domestic and export markets.

Within USA – states like Ohio, Michigan, Indiana and Illinois have large automotive and machinery clusters. The region is investing in electric vehicle production facilities. North Carolina, Texas and Tennessee focus on transportation, electronics and industrial goods. Lower costs and business incentives attract reshoring.

California, Washington and Oregon lead in high-tech manufacturing like computers, aerospace and clean technologies. Strong R&D bases support innovation. New York, Pennsylvania and New England have diverse manufacturing from chemicals to semiconductors. Renewables and green building are growing.

Each region in USA faces unique opportunities and challenges as well. For example, the Midwest works to transition auto jobs amid industry shifts, while the South competes for investments. Overall, reshoring and advanced industries seem likely to benefit regions promoting skilled workforces, sustainability and technology adoption.

Market Segmentation

By Industry Verticals:

  • Passenger vehicles
  • Commercial vehicles
  • Electric vehicles
  • Aircraft manufacturing
  • Defense equipment
  • Space exploration
  • Consumer electronics
  • Semiconductor manufacturing
  • Industrial automation

By Production Processes:

  • 3D printing
  • Rapid prototyping
  • Assembly line manufacturing
  • Continuous process manufacturing
  • Build-to-order
  • Engineer-to-order

By End User:

  • Supply chain and industrial equipment
  • Components for other industries
  • Consumer goods production
  • Personal electronics manufacturing

Our Methodology

We have offered a well-founded review of the United States of America’s (USA) Manufacturing market along with ongoing trends and upcoming projections to highlight proximate investment opportunities in this report. Moreover, an extensive analysis of any future prospects, challenges, competitors, or navigating aspects is also provided. A methodical detailed regional examination is presented.

Primary Research  

Our multi-pronged research approach includes interviews with industry leaders and a global survey of advanced manufacturing professionals to gain qualitative insights. We utilize our proprietary databases encompassing key performance indicators worldwide in order to collate relevant data points. A multivariate forecasting framework considering historical performance, current dynamics and qualitative factors are utilized to develop market sizing and growth projections through 2029.

We supplement our primary research with a careful examination of secondary materials such as– case studies, news stories and references from other sources. Organizations can benefit from the strategic advice and conclusions offered because they will be better equipped to respond to the dynamic nature of this industry and seize emerging possibilities.

We employ a comprehensive and iterative research methodology focused on minimizing deviation to provide the most accurate market estimates. Our research utilizes a combination of bottom-up and top-down approaches across segments and utilizes databases, primary research insights and industry experts for analysis.

Raw data is obtained from multiple sources and thoroughly filtered to ensure only authenticated and validated sources are considered. We collect data from raw material suppliers, industry associations, technology providers, and buyers to gain a holistic perspective.

Quantitative Analysis

Our market estimates are derived through statistical models, beginning with collection of historical data and analysis of macro- and micro-economic factors influencing the market. Gathered information on market dynamics, technology and pricing trends are utilised to build the models.

Econometric and technological models are applied to project short- and long-term market potential respectively. A bottom-up approach is preferred to minimize errors. Key parameters considered include market drivers and restraints, material pricing trends, regulatory scenarios, and capacity additions.

Weights are assigned to these parameters based on impact analysis and market forecasting is performed via statistical tools and techniques. We believe this methodology results in an accurate and realistic market picture.

We value your investment and offer free customization with every report to fulfil your research needs.

Frequently Asked Questions

The USA National value of the Manufacturing Industry is USD 302333 Billion in 2023 and is expected to grow to USD 344501 Billion by 2029

The CAGR of the Manufacturing Industry Market in USA is 2.2%

California accounts for 14.5% of the total market share of the Manufacturing Industry Market in USA

The key players in USA in Manufacturing Industry Market are Apple, General Motors, Honeywell International, Rockwell Automation, Tesla. These industry leaders collectively contribute to shaping the landscape of this market and driving growth within the industry.

The factors driving the Manufacturing Industry Market in USA are Technological Innovation, Skilled Labor Force, Infrastructure, Market Demand and Global Competition. These factors contribute to the overall growth of this industry, establishing it as a key player in the interconnected global economy.

Summary of Manufacturing

The North American region has considered that the manufacturing sector is an essential part of its economy. And leads to innovation, productivity and displays an increased rate of employment. Nevertheless – the manufacturing industry in North America faces several challenges and opportunities in the 21st century – such as: global competition, technological change, environmental regulations, trade policies and labor issues. Based on our estimates, we can say that the North America’s regional manufacturing industry is forecasted to be a $4045.39 billion industry in 2029 from $3696 billion in 2023 with a CAGR of 2.50%.

The United States, Canada and Mexico are among the world’s largest manufacturers– producing a wide range of goods from automobiles and aerospace products to chemicals and food products. The industry size of manufacturing market of the U.S is estimated to reach $3298.29 billion by 2029 from $3023.33 billion in 2023 with a CAGR of 2.20%. it accounts for about 81% of the market size within this region.

According to recent data – U.S. manufacturing contributed over $2.7 trillion to the national GDP in the near past. It also employed around 12.4 million workers across various industries as of last year. However, the sector has faced challenges maintaining its dominance amid rising global competition and industry disruption.

Despite these challenges, the manufacturing industry in North America is making a comeback which is driven by strong incentives, consumer demand and impatience with the global supply chain. The United States represents the largest manufacturing economy in North America. The sector remains integral to the country’s economic strength and technological advancement.

Recent Trends and Insights

Automation, 3D printing, robotics, AI and other innovations are being widely adopted by American manufacturers to boost productivity and flexibility. This allows companies to compete despite rising costs of labor and inputs. Technology investments are expected to increase under programs like the CHIPS Act.

Building a model-based enterprise and leveraging the industrial metaverse can enable manufacturers to connect and collaborate with internal and external stakeholders across the globe. There is plenty of research to back this data that many manufacturers are already experimenting with or implementing at least one metaverse-related use case, and on average, they are currently running more than six use cases. 

Within U.S – we can also notice that Robots will play a major part in revolutionizing this industry. Recent estimates results showcase that– over 2 million industrial robots will be installed worldwide by 2025, with the U.S. remaining a key market.

Product insights

Industries like food and beverage are powering plants with solar, wind and other renewables to slash energy costs and carbon footprints. Electric vehicle manufacturers are also prioritizing renewable components.

Companies explore new revenue streams through product recycling, refurbishment and reuse to reduce waste. For example – consumer electronics brands now offer trade-in programs for older devices.

Bioplastics, plant-based fabrics and green chemicals allow substitution of petrochemicals and other resource-intensive inputs. Firms also focus on recyclability in product design. emerging digital technologies continue transforming factory floors.

Overall– sustainability-driven innovations as well as technology adoption will remain key drivers shaping the future of U.S. manufacturing. The Industrial Internet of Things connects machines to analyze production data and enable predictive maintenance. Meanwhile– augmented and virtual reality tools are helping address skills gaps through new training methods.

Key companies

Some major players within this vast domain of industry are:

  • General Motors
  • Ford Motor Company
  • Boeing
  • 3M
  • Honeywell
  • Johnson & Johnson
  • Procter & Gamble
  • Caterpillar

Country Analysis

The manufacturing sector varies significantly across different U.S. regions based on their industrial specializations and economic strengths. Texas, Louisiana and Mississippi produce oil/gas, petrochemicals, plastics and paper products for domestic and export markets.

States like Ohio, Michigan, Indiana and Illinois have large automotive and machinery clusters. The region is investing in electric vehicle production facilities. North Carolina, Texas and Tennessee focus on transportation, electronics and industrial goods. Lower costs and business incentives attract reshoring.

California, Washington and Oregon lead in high-tech manufacturing like computers, aerospace and clean technologies. Strong R&D bases support innovation. New York, Pennsylvania and New England have diverse manufacturing from chemicals to semiconductors. Renewables and green building are growing.

Each region faces unique opportunities and challenges as well. For example, the Midwest works to transition auto jobs amid industry shifts, while the South competes for investments. Overall, reshoring and advanced industries seem likely to benefit regions promoting skilled workforces, sustainability and technology adoption.

Market Segmentation

By Industry Verticals:

  • Passenger vehicles
  • Commercial vehicles
  • Electric vehicles
  • Aircraft manufacturing
  • Defense equipment
  • Space exploration
  • Consumer electronics
  • Semiconductor manufacturing
  • Industrial automation

By Production Processes:

  • 3D printing
  • Rapid prototyping
  • Assembly line manufacturing
  • Continuous process manufacturing
  • Build-to-order
  • Engineer-to-order

By End User:

  • Supply chain and industrial equipment
  • Components for other industries
  • Consumer goods production
  • Personal electronics manufacturing

Our Methodology

We have offered a well-founded review of the United States of America’s Manufacturing market along with ongoing trends and upcoming projections to highlight proximate investment opportunities in this report. Moreover, an extensive analysis of any future prospects, challenges, competitors, or navigating aspects is also provided. A methodical detailed regional examination is presented.

Primary Research  

Our multi-pronged research approach includes interviews with industry leaders and a global survey of advanced manufacturing professionals to gain qualitative insights. We utilize our proprietary databases encompassing key performance indicators worldwide in order to collate relevant data points. A multivariate forecasting framework considering historical performance, current dynamics and qualitative factors are utilized to develop market sizing and growth projections through 2029.

We supplement our primary research with a careful examination of secondary materials such as– case studies, news stories and references from other sources. Organizations can benefit from the strategic advice and conclusions offered because they will be better equipped to respond to the dynamic nature of this industry and seize emerging possibilities.

We employ a comprehensive and iterative research methodology focused on minimizing deviation to provide the most accurate market estimates. Our research utilizes a combination of bottom-up and top-down approaches across segments and utilizes databases, primary research insights and industry experts for analysis.

Raw data is obtained from multiple sources and thoroughly filtered to ensure only authenticated and validated sources are considered. We collect data from raw material suppliers, industry associations, technology providers, and buyers to gain a holistic perspective.

Quantitative Analysis

Our market estimates are derived through statistical models, beginning with collection of historical data and analysis of macro- and micro-economic factors influencing the market. Gathered information on market dynamics, technology and pricing trends are utilised to build the models.

Econometric and technological models are applied to project short- and long-term market potential respectively. A bottom-up approach is preferred to minimize errors. Key parameters considered include market drivers and restraints, material pricing trends, regulatory scenarios, and capacity additions.

Weights are assigned to these parameters based on impact analysis and market forecasting is performed via statistical tools and techniques. We believe this methodology results in an accurate and realistic market picture.

We value your investment and offer free customization with every report to fulfil your research needs.

Frequently Asked Questions

The USA National value of the Manufacturing Industry is USD 302333 Billion in 2023 and is expected to grow to USD 344501 Billion by 2029

The CAGR of the Manufacturing Industry Market in USA is 2.2%

California accounts for 14.5% of the total market share of the Manufacturing Industry Market in USA

The key players in USA in Manufacturing Industry Market are Apple, General Motors, Honeywell International, Rockwell Automation, Tesla. These industry leaders collectively contribute to shaping the landscape of this market and driving growth within the industry.

The factors driving the Manufacturing Industry Market in USA are Technological Innovation, Skilled Labor Force, Infrastructure, Market Demand and Global Competition. These factors contribute to the overall growth of this industry, establishing it as a key player in the interconnected global economy.

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Featured Reports

Understand the macroeconomic situations that affect the global positioning of countries.

Businesses can better understand how chatbots can advocate their vision.

DeFi helps reduce dependency on traditional methods of transactions.

Creating a sustainable environment for driving multiple countries into a better tomorrow.

Understand how the U.S. discrepancy in accordance to their debt creates a havoc. 

Sustainable blockchain technology has immense benefit for the environment which cannot go unnoticed.