Industry Headlines

U.S. Manufacturing Sector Reaches Annual Sales of Over $4 Trillion

January 21, 2010
/ Print / Reprints /
ShareMore
/ Text Size+

DUBLIN, IRELAND - Research and Markets has announced the addition of the "Manufacturing Sector" report to their offering.

The U.S. manufacturing sector consists of about 300,000 companies with combined annual sales of more than $4 trillion. Major companies include Boeing, Caterpillar, DuPont, Ford, GE, GM, Hewlett-Packard, IBM, Procter & Gamble, Pfizer and Tyson Foods. The manufacturing sector is fragmented: the largest 50 companies account for less than half of overall sales.

Demand ultimately depends on consumer spending. The profitability of individual companies depends on efficient production and distribution. Large companies often have large economies of scale in purchasing, production and marketing. Small companies can compete effectively by producing specialized products. The industry is capital-intensive and highly automated: annual revenue per employee varies greatly due to the large variety of production operations but averages more than $350,000.

Computer systems and controls have steadily increased the labor productivity of US manufacturers, a 50% improvement in the last 10 years. Even so, U.S. labor costs remain high and many labor-intensive manufacturers have moved production operations to lower-cost countries like China.

Major manufactured products include transportation equipment, computers and electronics, food, chemicals, machinery, and products made of metal, plastic, and paper. Cars and planes account for about 16% of U.S. manufacturing output, food and beverages for 15%, chemicals for 15%, and computers and electronics for 9%. For more information, click here.

Did you enjoy this article? Click here to subscribe to Quality Magazine. 

You must login or register in order to post a comment.

Multimedia

Videos

Podcasts

 In honor of World Quality Month, we spoke to James Rooney, ASQ Past Chairman of the Board of Directors 2013, for his take on quality around the world.
For more information, read the ASQ Speaking of Quality column.
More Podcasts

THE MAGAZINE

Quality Magazine

cover_image

2014 April

Check out the April 2014 edition of Quality Magazine for features!
Table Of Contents Subscribe

Manufacturing Process

Has/does news about a manufacturers’ recall (like the GM recall in the news now) cause you or your company to reexamine its manufacturing process?
View Results Poll Archive

Clear Seas Research

qcast_ClearSeas_logo.gifWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

eNewsletters

STAY CONNECTED

facebook_40.png twitter_40px.png  youtube_40px.pnglinkedin_40px.png