Future Of Manufacturing Market
PUBLISHED: 2025 ID: SMRC28533
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Future Of Manufacturing Market

Future of Manufacturing Market Forecasts to 2030 - Global Analysis By Product (Electronics, Appliances, Personal Care Products, Apparel & Textiles, Aircraft Components, Space Exploration, Medical Devices & Pharmaceuticals, Sustainable Packaging, Solar Panels and Other Products), Technology, End User and By Geography

4.4 (16 reviews)
4.4 (16 reviews)
Published: 2025 ID: SMRC28533

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Future of Manufacturing Market is growing at a CAGR of 8.1% during the forecast period. The Future of Manufacturing involves the integration of automation, AI, IoT, and additive manufacturing into traditional systems, creating smarter, more efficient, and adaptable environments. This paradigm shift, often associated with Industry 4.0, focuses on digitalization, real-time data collection, predictive analytics, and seamless communication across the supply chain. Smart factories optimize productivity while reducing costs and environmental impact. Sustainability is prioritized, with energy efficiency, waste reduction, and circular economy principles. 3D printing allows for mass customization and on-demand production. The shift also emphasizes workforce transformation, requiring upskilling and reskilling to adapt to the new technological landscape. 

According to a study in 2022, which focused on the use of ML in the manufacturing industry, technology-enabled forecasting tools enhance the accuracy of demand predictions and service-level operations by over 13%.

Market Dynamics: 

Driver: 

Advancements in automation, robotics and smart manufacturing

Advancements in automation, robotics, and smart manufacturing are revolutionizing the future of manufacturing by enhancing productivity and operational efficiency. Automation reduces human intervention in repetitive and labor-intensive tasks, leading to consistent quality and increased output. Robotics, equipped with AI and machine learning capabilities, are enabling manufacturers to optimize processes, reduce downtime, and improve safety which facilitate predictive maintenance, resource optimization, and seamless supply chain operations rapidly changing market.

Restraint:

Significant capital expenditure

Implementing robotics, IoT systems, and other automation tools demands substantial financial resources for equipment, infrastructure upgrades, and skilled personnel. Additionally, small and medium-sized enterprises (SMEs) often face challenges in securing funding to adopt these innovations. Maintenance and operational costs further add to the financial burden, making it difficult for organizations to achieve a quick return on investment. This financial barrier slows down the widespread adoption of cutting-edge manufacturing technologies, especially in emerging markets.

Opportunity:

Emphasis on green manufacturing and energy-efficient production

Green manufacturing practices, such as waste reduction, energy-efficient production, and the use of renewable resources, align with global climate goals. Companies adopting eco-friendly manufacturing not only meet regulatory requirements but also cater to consumer preferences for sustainable products. Innovations in energy management systems and renewable energy integration are further enabling manufacturers to reduce operational costs and their carbon footprint. By embracing sustainability, organizations can achieve long-term competitive advantages and unlock new market opportunities. 

Threat:

Potential cyber threats and data breaches

Hackers targeting IoT devices, cloud systems, and operational networks can disrupt production, compromise sensitive data, and cause financial losses. The integration of legacy systems with modern technologies often creates vulnerabilities that cybercriminals exploit. Addressing these threats requires substantial investment in robust cybersecurity measures, which can strain budgets, especially for smaller companies. The potential for reputational damage and regulatory consequences further underscores the critical need for secure manufacturing environments.

Covid-19 Impact

The Covid-19 pandemic has profoundly impacted the manufacturing industry, creating both challenges and opportunities. Initial disruptions in global supply chains, workforce shortages, and lockdown measures slowed production and strained operations. However, the pandemic also accelerated the adoption of digital tools and automation to ensure business continuity and resilience. Manufacturers increasingly turned to remote monitoring, predictive maintenance, and adaptive supply chain strategies.

The appliances segment is expected to be the largest during the forecast period

The appliances segment is expected to account for the largest market share during the forecast period owing to rising demand for smart and energy-efficient appliances is driving growth, as consumers prioritize convenience and sustainability. Advanced manufacturing technologies enable mass customization and cost-effective production of appliances tailored to diverse customer needs. Additionally, the integration of IoT in appliances has expanded the scope for innovation and enhanced product value driving the market growth. 

The additive manufacturing segment is expected to have the highest CAGR during the forecast period

Over the forecast period, the additive manufacturing segment is predicted to witness the highest growth rate due to its ability to produce complex and customized components with minimal material waste has revolutionized production across industries. This technology is increasingly adopted for prototyping, spare parts production, and on-demand manufacturing. Advances in materials, such as metals, polymers, and composites, further expand its application scope. As industries like aerospace, healthcare, and automotive invest heavily in additive manufacturing, this segment is expected to play a pivotal role in shaping the future of manufacturing.

Region with largest share:

During the forecast period, the North America region is expected to hold the largest market share owing to the region's advanced industrial base, coupled with significant investments in automation and smart manufacturing technologies, drives its dominance. The United States and Canada are leaders in R&D activities, fostering innovation in manufacturing processes and products. Favourable government policies and incentives further support the adoption of advanced manufacturing systems in this region. Additionally, the strong presence of key market players and a focus on sustainability solidify North America's position as a leader in the manufacturing sector.

Region with highest CAGR:

Over the forecast period, the Asia Pacific region is anticipated to exhibit the highest CAGR driven by rapid industrialization and economic growth in countries like China, India, and Japan. The region's growing middle class and rising consumer demand for diverse products are fueling manufacturing investments. Governments in the region are actively promoting Industry 4.0 initiatives and green manufacturing to enhance competitiveness. These factors collectively position Asia Pacific as a high-growth region in the future of manufacturing market.

Key players in the market

Some of the key players in Future of Manufacturing market include 3M, Allbirds, Electric Hydrogen Co, Eli Lilly and Company, Fictiv, Ford Motor Company, General Motors, Magna International, Markforged, Mondelēz International, Parker Hannifin, Path Robotics, Inc., Relativity Space, Salsify, Stanley Black & Decker and Tulip Interfaces. 

Key Developments:

In January 2024, Eli Lilly and Company and Scorpion Therapeutics, Inc. announced a definitive agreement for Lilly to acquire Scorpion's PI3Kα inhibitor program STX-478. This approach could potentially offer better disease control through deeper pathway inhibition, as well as improved tolerability.

In December 2024, 3M and US Conec Ltd. announced a strategic licensing agreement for 3M™ Expanded Beam Optical Interconnect technology; a solution to meet the performance and scalability needs of next-generation data centers and advanced network architectures. 

In July 2024, Parker Hannifin Corporation announced it has signed an agreement to divest its North America Composites and Fuel Containment (CFC) Division to private investment firm SK Capital Partners.

Products Covered:
• Electronics 
• Appliances 
• Personal Care Products 
• Apparel & Textiles 
• Aircraft Components 
• Space Exploration 
• Medical Devices & Pharmaceuticals 
• Sustainable Packaging 
• Solar Panels 
• Other Products  

Technologies Covered:
• Additive Manufacturing 
• Automation & Robotics 
• Internet of Things (IoT) 
• Artificial Intelligence (AI) & Machine Learning (ML) 
• Cloud Computing 
• Blockchain Technology 
• Digital Twin Technology 
• Advanced Supply Chain Management Technology 
• Other Technologies    

End Users Covered:
• Automotive Industry
• Aerospace & Defense
• Healthcare & Medical Devices
• Industrial Machinery
• Energy & Power
• Food & Beverage
• Other End Users 

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary       
         
2 Preface        
 2.1 Abstract       
 2.2 Stake Holders      
 2.3 Research Scope      
 2.4 Research Methodology     
  2.4.1 Data Mining     
  2.4.2 Data Analysis     
  2.4.3 Data Validation     
  2.4.4 Research Approach     
 2.5 Research Sources      
  2.5.1 Primary Research Sources    
  2.5.2 Secondary Research Sources    
  2.5.3 Assumptions     
         
3 Market Trend Analysis      
 3.1 Introduction      
 3.2 Drivers       
 3.3 Restraints      
 3.4 Opportunities      
 3.5 Threats       
 3.6 Product Analysis      
 3.7 Application Analysis     
 3.8 End User Analysis      
 3.9 Emerging Markets      
 3.10 Impact of Covid-19      
         
4 Porters Five Force Analysis      
 4.1 Bargaining power of suppliers     
 4.2 Bargaining power of buyers     
 4.3 Threat of substitutes     
 4.4 Threat of new entrants     
 4.5 Competitive rivalry      
         
5 Global Future of Manufacturing Market, By Product   
 5.1 Introduction      
 5.2 Electronics      
 5.3 Appliances      
 5.4 Personal Care Products     
 5.5 Apparel & Textiles      
 5.6 Aircraft Components     
 5.7 Space Exploration      
 5.8 Medical Devices & Pharmaceuticals    
 5.9 Sustainable Packaging     
 5.10 Solar Panels      
 5.11 Other Products      
         
6 Global Future of Manufacturing Market, By Technology   
 6.1 Introduction      
 6.2 Additive Manufacturing     
 6.3 Automation & Robotics     
 6.4 Internet of Things (IoT)     
 6.5 Artificial Intelligence (AI) & Machine Learning (ML)   
 6.6 Cloud Computing      
 6.7 Blockchain Technology     
 6.8 Digital Twin Technology     
 6.9 Advanced Supply Chain Management Technology   
 6.10 Other Technologies      
         
7 Global Future of Manufacturing Market, By End User   
 7.1 Introduction      
 7.2 Automotive Industry     
 7.3 Aerospace & Defense     
 7.4 Healthcare & Medical Devices     
 7.5 Industrial Machinery     
 7.6 Energy & Power      
 7.7 Food & Beverage      
 7.8 Other End Users      
         
8 Global Future of Manufacturing Market, By Geography   
 8.1 Introduction      
 8.2 North America      
  8.2.1 US      
  8.2.2 Canada      
  8.2.3 Mexico      
 8.3 Europe       
  8.3.1 Germany      
  8.3.2 UK      
  8.3.3 Italy      
  8.3.4 France      
  8.3.5 Spain      
  8.3.6 Rest of Europe     
 8.4 Asia Pacific      
  8.4.1 Japan      
  8.4.2 China      
  8.4.3 India      
  8.4.4 Australia      
  8.4.5 New Zealand     
  8.4.6 South Korea     
  8.4.7 Rest of Asia Pacific     
 8.5 South America      
  8.5.1 Argentina     
  8.5.2 Brazil      
  8.5.3 Chile      
  8.5.4 Rest of South America    
 8.6 Middle East & Africa     
  8.6.1 Saudi Arabia     
  8.6.2 UAE      
  8.6.3 Qatar      
  8.6.4 South Africa     
  8.6.5 Rest of Middle East & Africa    
         
9 Key Developments       
 9.1 Agreements, Partnerships, Collaborations and Joint Ventures  
 9.2 Acquisitions & Mergers     
 9.3 New Product Launch     
 9.4 Expansions      
 9.5 Other Key Strategies     
         
10 Company Profiling       
 10.1 3M       
 10.2 Allbirds       
 10.3 Electric Hydrogen Co.     
 10.4 Eli Lilly and Company     
 10.5 Fictiv       
 10.6 Ford Motor Company     
 10.7 General Motors      
 10.8 Magna International     
 10.9 Markforged      
 10.10 Mondelēz International     
 10.11 Parker Hannifin      
 10.12 Path Robotics, Inc.      
 10.13 Relativity Space      
 10.14 Salsify       
 10.15 Stanley Black & Decker     
 10.16 Tulip Interfaces      
         
List of Tables        
1 Global Future of Manufacturing Market Outlook, By Region (2022-2030) ($MN) 
2 Global Future of Manufacturing Market Outlook, By Product (2022-2030) ($MN) 
3 Global Future of Manufacturing Market Outlook, By Electronics (2022-2030) ($MN) 
4 Global Future of Manufacturing Market Outlook, By Appliances (2022-2030) ($MN) 
5 Global Future of Manufacturing Market Outlook, By Personal Care Products (2022-2030) ($MN)
6 Global Future of Manufacturing Market Outlook, By Apparel & Textiles (2022-2030) ($MN)
7 Global Future of Manufacturing Market Outlook, By Aircraft Components (2022-2030) ($MN)
8 Global Future of Manufacturing Market Outlook, By Space Exploration (2022-2030) ($MN)
9 Global Future of Manufacturing Market Outlook, By Medical Devices & Pharmaceuticals (2022-2030) ($MN)
10 Global Future of Manufacturing Market Outlook, By Sustainable Packaging (2022-2030) ($MN)
11 Global Future of Manufacturing Market Outlook, By Solar Panels (2022-2030) ($MN)
12 Global Future of Manufacturing Market Outlook, By Other Products (2022-2030) ($MN)
13 Global Future of Manufacturing Market Outlook, By Technology (2022-2030) ($MN) 
14 Global Future of Manufacturing Market Outlook, By Additive Manufacturing (2022-2030) ($MN)
15 Global Future of Manufacturing Market Outlook, By Automation & Robotics (2022-2030) ($MN)
16 Global Future of Manufacturing Market Outlook, By Internet of Things (IoT) (2022-2030) ($MN)
17 Global Future of Manufacturing Market Outlook, By Artificial Intelligence (AI) & Machine Learning (ML) (2022-2030) ($MN)
18 Global Future of Manufacturing Market Outlook, By Cloud Computing (2022-2030) ($MN)
19 Global Future of Manufacturing Market Outlook, By Blockchain Technology (2022-2030) ($MN)
20 Global Future of Manufacturing Market Outlook, By Digital Twin Technology (2022-2030) ($MN)
21 Global Future of Manufacturing Market Outlook, By Advanced Supply Chain Management Technology (2022-2030) ($MN)
22 Global Future of Manufacturing Market Outlook, By Other Technologies (2022-2030) ($MN)
23 Global Future of Manufacturing Market Outlook, By End User (2022-2030) ($MN) 
24 Global Future of Manufacturing Market Outlook, By Automotive Industry (2022-2030) ($MN)
25 Global Future of Manufacturing Market Outlook, By Aerospace & Defense (2022-2030) ($MN)
26 Global Future of Manufacturing Market Outlook, By Healthcare & Medical Devices (2022-2030) ($MN)
27 Global Future of Manufacturing Market Outlook, By Industrial Machinery (2022-2030) ($MN)
28 Global Future of Manufacturing Market Outlook, By Energy & Power (2022-2030) ($MN)
29 Global Future of Manufacturing Market Outlook, By Food & Beverage (2022-2030) ($MN)
30 Global Future of Manufacturing Market Outlook, By Other End Users (2022-2030) ($MN)
         
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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