Manufacturing Industry: Statistics, Forecasts, and Company Data

Manufacturing - Market Size and Industry Forecast

The 2023 Manufacturing Industry Report contains historical and forecasted statistics used by leading private equity firms and consultants. Market sizes from 2018 to 2028 reflect industry trends and growth patterns. Revenues include both public and private companies in the manufacturing industry.

	Historical					Forecasted
	2018	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028
Market Size (Total Revenue)
% Growth Rate
Number of Companies
Total Employees
Average Revenue per Company
Average Employees per Company

Source: U.S. government financial data.



Advanced econometric models forecast five years of industry growth based on short- and long-term trend analysis. Market size includes revenue generated from all products and services sold within the industry.

Manufacturing - Geographic Breakdown by U.S. State

Market size by state reveals local opportunity through the number of companies located in the region. Each state's growth rate is affected by regional economic conditions. Data by state can be used to pinpoint profitable and nonprofitable locations for Manufacturing companies in the United States.

Distribution by Company Size

Company Size	All Industries	Manufacturing
Small Business (< 5 Employees)
Small Business (5 - 20)
Midsized Business (20 - 100)
Large Business (100 - 500)
Enterprise (> 500)

Manufacturing - Income Statement (Average Financial Metrics)

Financial statement analysis determines averages for the following industry forces:

• Cost of goods sold
• Compensation of officers
• Salaries and wages
• Employee benefit programs
• Rent paid
• Advertising and marketing budgets

The report includes a traditional income statement from an "average" company (both public and private companies included).

	Industry Average	Percent of Sales
Total Revenue
Operating Revenue
Cost of Goods Sold (COGS)
Gross Profit
Operating Expenses
Operating Income
Non-Operating Income
Earnings Before Interest and Taxes (EBIT)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit

Manufacturing - Financial Ratio Analysis

Financial ratios allow a company's performance to be compared against that of its peers.

Financial Ratio	Industry Average
Profitability Ratios
Profit Margin
ROE
ROA
Liquidity Ratios
Current Ratio
Quick Ratio
Activity Ratios
Average Collection Period
Asset Turnover Ratio
Receivables Turnover Ratio
Inventory Conversion Ratio

Manufacturing - Product Mix

Product Description	Description	Revenue ($ Millions)
Al insulated wire & cable, made in Al rolling & drawing plants
Iron and steel mills
Coke oven and blast furnace products, made in steel mills
Coke oven prods., coke (exc. screenings/breeze), steel mills
Coke oven products, screenings and breeze, steel mills
Coke oven products, crude tar, made in steel mills
Coke oven products, crude light oil, made in steel mills
Blast furnace pig iron (exc. ferroalloys), steel mills
Blast furnace slag, excluding ferroalloys, steel mills
Coke oven and blast furnace products, steel mills, nsk

Manufacturing - Compensation and Salary Surveys

Title	Percent of Workforce	Bottom Quartile	Average (Median) Salary	Upper Quartile
Management Occupations	4%
Chief Executives	0%
General and Operations Managers	1%
Operations Specialties Managers	5%
Business and Financial Operations Occupations	6%
Business Operations Specialists	6%
Computer and Mathematical Occupations	6%
Computer Occupations	6%
Software Developers and Programmers	9%
Software Developers, Applications	11%
Software Developers, Systems Software	10%
Computer Support Specialists	5%
Architecture and Engineering Occupations	5%
Engineers	7%
Aerospace Engineers	5%
Aerospace Engineers	5%
Electrical and Electronics Engineers	6%
Electronics Engineers, Except Computer	5%
Drafters, Engineering Technicians, and Mapping Technicians	6%
Engineering Technicians, Except Drafters	5%
Sales and Related Occupations	5%
Office and Administrative Support Occupations	7%
Material Recording, Scheduling, Dispatching, and Distributing Workers	6%
Construction and Extraction Occupations	7%
Construction Trades Workers	6%
Installation, Maintenance, and Repair Occupations	10%
Other Installation, Maintenance, and Repair Occupations	8%
Industrial Machinery Installation, Repair, and Maintenance Workers	5%
Industrial Machinery Mechanics	6%
Production Occupations	58%
Supervisors of Production Workers	6%
First-Line Supervisors of Production and Operating Workers	6%
First-Line Supervisors of Production and Operating Workers	6%
Assemblers and Fabricators	10%
Aircraft Structure, Surfaces, Rigging, and Systems Assemblers	8%
Aircraft Structure, Surfaces, Rigging, and Systems Assemblers	8%
Electrical, Electronics, and Electromechanical Assemblers	11%
Electrical, Electronic, and Electromechanical Assemblers, Except Coil Winders, Tapers, and Finishers	11%
Engine and Other Machine Assemblers	6%
Engine and Other Machine Assemblers	6%
Structural Metal Fabricators and Fitters	7%
Structural Metal Fabricators and Fitters	7%
Miscellaneous Assemblers and Fabricators	7%
Fiberglass Laminators and Fabricators	6%
Assemblers and Fabricators, All Other, Including Team Assemblers	7%
Metal Workers and Plastic Workers	40%
Computer Control Programmers and Operators	10%
Computer-Controlled Machine Tool Operators, Metal and Plastic	8%
Forming Machine Setters, Operators, and Tenders, Metal and Plastic	7%
Extruding and Drawing Machine Setters, Operators, and Tenders, Metal and Plastic	7%
Rolling Machine Setters, Operators, and Tenders, Metal and Plastic	7%
Machine Tool Cutting Setters, Operators, and Tenders, Metal and Plastic	8%
Cutting, Punching, and Press Machine Setters, Operators, and Tenders, Metal and Plastic	6%
Grinding, Lapping, Polishing, and Buffing Machine Tool Setters, Operators, and Tenders, Metal and Plastic	6%
Lathe and Turning Machine Tool Setters, Operators, and Tenders, Metal and Plastic	6%
Machinists	9%
Machinists	9%
Metal Furnace Operators, Tenders, Pourers, and Casters	6%
Metal-Refining Furnace Operators and Tenders	5%
Molders and Molding Machine Setters, Operators, and Tenders, Metal and Plastic	7%
Foundry Mold and Coremakers	9%
Molding, Coremaking, and Casting Machine Setters, Operators, and Tenders, Metal and Plastic	10%
Tool and Die Makers	9%
Tool and Die Makers	9%
Welding, Soldering, and Brazing Workers	8%
Welders, Cutters, Solderers, and Brazers	7%
Welding, Soldering, and Brazing Machine Setters, Operators, and Tenders	5%
Miscellaneous Metal Workers and Plastic Workers	20%
Plating and Coating Machine Setters, Operators, and Tenders, Metal and Plastic	15%
Textile, Apparel, and Furnishings Workers	8%
Sewing Machine Operators	10%
Sewing Machine Operators	10%
Woodworkers	27%
Cabinetmakers and Bench Carpenters	18%
Cabinetmakers and Bench Carpenters	18%
Woodworking Machine Setters, Operators, and Tenders	7%
Woodworking Machine Setters, Operators, and Tenders, Except Sawing	5%
Other Production Occupations	11%
Inspectors, Testers, Sorters, Samplers, and Weighers	6%
Inspectors, Testers, Sorters, Samplers, and Weighers	6%
Jewelers and Precious Stone and Metal Workers	29%
Jewelers and Precious Stone and Metal Workers	29%
Medical, Dental, and Ophthalmic Laboratory Technicians	8%
Dental Laboratory Technicians	9%
Painting Workers	11%
Coating, Painting, and Spraying Machine Setters, Operators, and Tenders	11%
Semiconductor Processors	6%
Semiconductor Processors	6%
Miscellaneous Production Workers	8%
Transportation and Material Moving Occupations	8%
Material Moving Workers	7%
Laborers and Material Movers, Hand	6%

Government Contracts

In the past, the federal government spent an annual total of $140,666,537,332 on the manufacturing industry. It has awarded 550,663 contracts to 58,445 companies, with an average value of $2,406,819 per company.

Manufacturing and Adjacent Industries - Top Companies

Company	Address	Revenue ($ Millions)