14 Very Interesting Manufacturing Industry Statistics:

14 Very Interesting Manufacturing Industry Statistics

  1. For every 1 individual full-time employee in the manufacturing industry, there are four additional people employed to work. (National Association of Manufacturers)
  1. $2.3 trillion to the economy of the United States every quarter is contributed by the Manufacturing sector. Since Q2 2009 when the contribution was $1.67 trillion to the economy, there has been a rise in that figure steadily. (Bureau of Economic Analysis)

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  1. Over 30% of the United States of America employment opportunities and GDP are impacted when the manufacturing value chain, plus supply chains of other industries are taken into account. The multiple of this would be $3.60 for every $1 of value-added output. (Manufacturers Alliance for Productivity and Innovation)
  1. Durable goods value-added output rose from $870 billion to $1.33 trillion between 2009-2018 in the United States of America. Non-durable goods output also rose from $810 billion to $1.06 trillion in the same time frame. (Bureau of Economic Analysis)
  1. $1.82 gets added to the economy for every $1.00 spent in manufacturing in the United States of America. That figure is the highest multiplier effect of any American economic sector. (National Association of Manufacturers)
  1. 4% of the GDP in the United States of America is from the Manufacturing Industry Statistics. (Bureau of Economic Analysis)
  1. Since 1987, manufacturing industry worker output per hour rose 2.25 times. Productivity calculations indicate a 1.8 times increase for all non-farm industries as well.  An even higher output was had by the durable goods sector.  Their rate of improvement was 2.6 times higher than what was seen 30 years ago. (Bureau of Labor Statistics)
  1. In 2016, the United States of Americamanufacturing statistics - mes-software, ujigami manufacturing worker measuring reported there were almost 250,000 firms active in the manufacturing industry. Of that number, those with 500 of more employees was only 3,837 (>2%).  Those who have fewer than 20 full-time workers equaled to approximately 75%. (S. Census Bureau)
  1. The United States of America Bureau of Labor Statistics indicates, in excess of 12,800,000 individuals are employed by the US Manufacturing Industry Statistics. Manufacturing companies have worked to add 1,3700,000 to the economy since 2009. There are approximately 8,000,000 in the durable goods sector with the remainder in the non-durable goods sector. (Bureau of Labor Statistics)
  1. Continued trained skills shortages could result in $2.5 trillion reduced output for the manufacturing industry over the next 10 years. $454 billion in manufacturing GDP could be eroded due to the lack of qualified talent based on what the maximum could be. (Deloitte)
  1. 92% of the employees who work in the manufacturing industry in the United States are eligible for health insurance. 79% is the average when you include all firms. This manufacturing industry at 92% represents one of the highest percentage of workers eligible for employer benefits in the country. (Kaiser Family Foundation)
  1. $84,000.00 per year is the average salary for a manufacturing worker in the United States of America. Included in that figure is their benefits in addition to their pay. Comparatively, approximately $67,000 per year is the average when you remove all non-farm industries. (Bureau of Labor Statistics)
  1. Of the manufacturing employees in the United States who are qualified for health benefits, 82% access benefits through an employer plan. Communications and utilities (85%), state or local government (85%), and wholesale (84%) are the only other industries reaching a higher sign-up rate in the United States. (Kaiser Family Foundation)
  1. In the United States of America, there will be, Over the next 10 years, up to 2.4 million unfulfilled jobs are expected because of a skills gap in the general labor force. The expected demand could generate a need of up to 4.6 million manufacturing jobs (Deloitte)

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iIoTIndustry 4.0Manufacturing Industry Statistics: 14 Interesting Industry Statistics