Manufacturing Sector Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 10/29/2018
SIC Codes: 20 , 21 , 22 , 23 , 24 , 25 , 26 , 27 , 28 , 29 , 30 , 31 , 32 , 33 , 34 , 35 , 36 , 37 , 38 , 39
NAICS Codes: 31, 32, 33
Chapters Include:
Industry Overview Trends & Challenges Industry Forecast
Quarterly Industry Update Call Prep Questions Website & Media Links
Business Challenges Financial Information Glossary & Acronyms
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Excerpt from Manufacturing Sector Industry Profile

Companies in this industry manufacture a wide variety of goods; major product groups include food and beverages, chemicals, machinery, transportation equipment, and computers and electronics. Major companies include Boeing, Caterpillar, DowDuPont, Ford, GE, GM, HP, IBM, Pfizer, Procter & Gamble, and Tyson Foods (all based in the US); Nestlé (Switzerland), Sanofi (France), Siemens (Germany), and Toyota Motor (Japan).

The global manufacturing sector generates about $12 trillion in annual revenue, according to the UN. Top manufacturing countries include China, the US, Japan, Germany, South Korea, India, Italy, France, and the UK. Leading exporting countries include China, the US, Germany, the UK, Japan, France, the Netherlands, and South Korea. Growth drivers include rapid industrialization in the developing world, along with the use of technology to improve products and supply chains.

The US manufacturing sector consists of about 256,000 companies with combined annual sales of about $5.4 trillion.

COMPETITIVE LANDSCAPE

Globalization has opened new markets and opportunities for manufacturers but has also created new challenges, including how to manage far-flung supply chains and distribution channels. Manufacturers have turned to digitalization to improve efficiency across every area of operations, including product development, design, production, distribution, and marketing. However, implementing a successful digital transformation strategy -- including the leveraging of internet of things (IoT) technology and big data -- requires careful planning and significant investment.

Demand ultimately depends on consumer spending. The profitability of individual companies depends ...

 
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