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Report
2023 Manufacturing Research Review
Market Research Report I 2024-12-30 I 163 Pages I BCC Research
Description
Research Review Scope
The manufacturing sector is the backbone of global GDP growth. According to the World Bank Group, the value of manufacturing value added was nearly $14.07 trillion in 2019, and it declined by 2.8% in 2020, primarily due to the impact of COVID-19 on worldwide manufacturing sectors. In 2023, the value of manufacturing value added has reached around $16.2 trillion. The manufacturing value added is a macroeconomic factor for the manufacturing sector and represents the manufacturing industry's value from the global GDP. The manufacturing-as-a-service trend is gaining new heights as companies can sign contracts without intensive capital investment in a particular market with product manufacturing companies. Contract manufacturing is an example of manufacturing-as-a-service.
The manufacturing sector is rapidly shifting towards eco-friendly technology. For instance, companies in the Non-destructive testing (NDT) market are engaged in R&D for environmentally friendly chemicals and materials, including water-based solvents and biodegradable polymers, to reduce harmful gas emissions from their plants and factories. Furthermore, the manufacturing sector is also experiencing an increase in clean fuel sources such as green hydrogen to decrease dependency on fossil fuels coupled with reducing emissions of CO2 from the environment. Hydrogen boilers are a leading example of green hydrogen-driven machines. On the other hand, the increasing adoption of advanced manufacturing technology such as robotics, AI, ML, 3D printing, 5G, and others is creating new growth dimensions for the manufacturing sector.
Research Reviews from BCC Research provide market professionals with concise market coverage within a specific research category. This 2023 Research Review of manufacturing provides a sampling of the type of quantitative market information, analysis, and guidance that BCC Research has been developing since its inception in 1971 to help its customers make informed business decisions. This Research Review includes highlights and excerpts from the following reports published by BCC Research in 2023:
- MFG016J Nondestructive Testing Equipment and Services: Ultrasonic, Radiographic, Eddy Current and Others
- MFG034C Hydraulic Pumps and Motors: Global Markets
- MFG033D Industrial Boilers: Technologies and Developing Markets
- MFG021E Electronics Contract Manufacturing and Design Services: The Global Market
- MFG019E Global Markets and Technologies for Inorganic Metal Finishing Processes
After you survey the excerpts in this Research Review, we encourage you to follow up on these topics by checking out the full market research reports associated with each topic. BCC Research looks forward to serving your market intelligence needs in the future.
Executive Summary
Summary:
- The global market for NDT equipment and services is estimated to increase from $31.3 billion in 2023 to reach $50.7 billion by 2028, at a compound annual growth rate (CAGR) of 10.1% from 2023 through 2028.
- The global market for hydraulic pumps and motors was valued at $18.0 billion in 2022. The market is estimated to grow from $18.8 billion in 2023 to reach $22.9 billion by 2028, at a compound annual growth rate (CAGR) of 4.0% from 2023 to 2028.
- The global industrial boilers market should reach $14.6 billion by 2028 from $11.5 billion in 2023 at a compound annual growth rate (CAGR) of 4.8% for the forecast period of 2023 to 2028.
The manufacturing sector is the backbone of global GDP growth. According to the World Bank Group, the value of manufacturing value added was nearly $14.07 trillion in 2019, and it declined by 2.8% in 2020, primarily due to the impact of COVID-19 on worldwide manufacturing sectors. In 2023, the value of manufacturing value added has reached around $16.2 trillion. The manufacturing value added is a macroeconomic factor for the manufacturing sector and represents the manufacturing industry's value from the global GDP. The manufacturing-as-a-service trend is gaining new heights as companies can sign contracts without intensive capital investment in a particular market with product manufacturing
companies. Contract manufacturing is an example of manufacturing-as-a-service.
The manufacturing sector is rapidly shifting towards eco-friendly technology. For instance, companies in the Non-destructive testing (NDT) market are engaged in R&D for environmentally friendly chemicals and materials, including water-based solvents and biodegradable polymers, to reduce harmful gas emissions from their plants and factories. Furthermore, the manufacturing sector is also experiencing an increase in clean fuel sources such as green hydrogen to decrease dependency on fossil fuels coupled with reducing emissions of CO2 from the environment. Hydrogen boilers are a leading example of green hydrogen-driven machines. On the other hand, the increasing adoption of advanced manufacturing
technology such as robotics, AI, ML, 3D printing, 5G, and others is creating new growth dimensions for the manufacturing sector.
Table of Contents
Chapter 1 Foreword
Research Review Scope
Chapter 2 Nondestructive Testing Equipment and Services: Ultrasonic, Radiographic, Eddy Current and Others (MFG016J)
Study Goals and Objectives
Reasons for Doing This Study
Scope of Report
Market Outlook
Market Summary
Market Overview
Definition of Nondestructive Testing
NDT Methods
Current Market Overview
Market Regulations/Standards
Impact of COVID-19 on the Market for NDT Equipment and Services
Market Dynamics
Market Driver
Market Restraint
Market Opportunity
Market Breakdown by Type
Overview
NDT Equipment
NDT Services
Market Breakdown by Region
Overview
North America
Europe
Asia-Pacific
South America
Rest of the World (RoW)
ESG Performance in NDT Equipment and Services Market
Environmental Performance
Social Performance
Governance Performance
Consumer Attitudes toward ESG in the Market for NDT Equipment and Services
Case Study
Concluding Remarks from BCC
Chapter 3 Hydraulic Pumps and Motors: Global Markets (MFG034C)
Study Goals and Objectives
Reasons for Doing This Study
Scope of Report
Market Outlook
Market Summary
Current Market Overview
Market Regulations/Standards
COVID-19 Impact on the Hydraulic Pumps and Motors Market
Market Dynamics
Market Driver
Market Restraint
Market Opportunity
Market Breakdown by Type
Overview
Piston Pumps
Gear Pumps
Vane Pumps
Piston Motors
Gear Motor
Vane Motors
Market Breakdown by Region
Overview
North America
Europe
Asia-Pacific
South America
Rest of the World
ESG Performance in Hydraulic Pumps and Motors Market
Environmental Performance
Social Performance
Governance Performance
Case Study
Concluding Remarks from BCC
Chapter 4 Industrial Boilers: Technologies and Developing Markets (MFG033D)
Study Goals and Objectives
Reasons for Doing This Study
Scope of Report
Market Outlook
Market Summary
Market Overview
Classification of Boilers
Firetube Boilers
Watertube Boilers
Industrial Boiler Auxiliary Systems
Industrial Boiler Efficiency
Boiler Efficiency Overview
Typical Boiler Efficiency
Impact of COVID-19 on the Global Market for Industrial Boilers
Impact of Russia-Ukraine War on the Global Market for Industrial Boilers
Regulatory Landscape
North America
North America Analysis
U.S. EPA Boiler MACT
U.S. EPA NESHAP
Canadian Council of Ministries of the Environment
Greenhouse Gas Emissions Regulations
Europe
European Energy Efficiency and Greenhouse Gas Emissions
European Air Emission Standards
Asia-Pacific
China
Japan
India and Southeast Asia
Market Dynamics
Market Driver
Market Restraint
Current Market Trend
Upgrading and Replacement of Existing Boilers
Market Opportunity
Market Breakdown by Boiler Type
Overview
Firetube Boilers
Watertube Boiler
Market Breakdown by Fuel Type
Overview
Natural Gas
Coal
Oil
Biomass
Others
Market Breakdown by Region
Overview
North America
Europe
Asia-Pacific
Rest of the World
Chapter 5 Electronics Contract Manufacturing and Design Services: The Global Market ( MFG021E)
Study Goals and Objectives
Reasons for Doing the Study
Scope of Report
Market Outlook
Market Summary
Market Overview
OEM Expectations
Types of OEM-ECM Integration
Future of ECM Industry
Regulatory Standards
Electronics Manufacturing Services
Semiconductor Foundry Services
Membrane Switch and Keypad Assembly Services
Cable and Cable-Harness Services
PCB Services
Electrical and Electromechanical Assembly Services
Assessment of COVID-19 Impact on the Market
Assessment of Russia-Ukraine War Impact on the Market
Market Dynamics
Market Driver
Market Restraint
Market Opportunity
Market Breakdown by Type
Overview
Assembly Services
Design and Programming Services
Foundry Services
Electrical and Electromechanical Services
Market Breakdown by Region
Overview
North America
Europe
Asia-Pacific
Rest of the World
ESG Performance in Electronics Contract Manufacturing and Design Services Market
Environmental Impact
Social Impact
Governance Impact
Current Status of ESG in the Market for Electronics Contract Manufacturing and Design Services
Case Study
Hon Hai Precision Industry Co. Ltd. (Foxconn Technology Group)
Concluding Remarks from BCC
Chapter 6 Global Markets and Technologies for Inorganic Metal Finishing Processes (MFG019E)
Study Goals and Objectives
Reasons for Doing This Study
Scope of Report
Market Summary
Market Overview
Surface Coatings
Organic Coatings
Inorganic Coatings
Life Cycle Assessment of Metal Finishing System
Life Cycle Cost
Technology Life Cycle
Emerging Methods for the Surface Treatment of Metals
Process-integrated Automated Plating
Aluminum Plating from Organic Electrolytes
Environmental Issues and Government Regulations
Water
Energy
Common Wastes from Metal Finishing Operations
Regulatory Overview
Overview of Federal Regulations of Metal Finishing
Impact of the Russia-Ukraine War on the Global Metal Finishing Industry
Market Dynamics
Market Driver
Market Restraint
Current Market Trend
Market Opportunity
Market Breakdown by Type
Overview
Plating and Finishing Processes
Surface preparation/cleaning
Surface Pretreatment
Plating and Finishing Subprocesses (Including Consumables and Spares)
Market Breakdown by Region
Overview
North America
Europe
Asia-Pacific
Rest of the World
Chapter 7 Appendix
Methodology
Analyst's Credentials
List of Tables
Table 1 : Global Market for NDT Equipment and Services, by Region, Through 2028
Table 2 : Market Regulations/Standards
Table 3 : Global Market for NDT Equipment and Services, by Type, Through 2028
Table 4 : Global Market for NDT Services, by Type, Through 2028
Table 5 : Global Market for NDT Equipment and Services, by Region, Through 2028
Table 6 : Global NDT Equipment and Services Market: Environmental ESG Metrics, 2022
Table 7 : Global NDT Equipment and Services Market: Social ESG Metrics, 2022
Table 8 : Global NDT Equipment and Services Market: Governance ESG Metrics, 2022
Table 9 : Global Market for Hydraulic Pumps and Motors, by Region, Through 2028
Table 10 : Hydraulic Pumps and Motors Market: Regulations/Standards/Schemes
Table 11 : Global Market for Hydraulic Pumps and Motors, by Type, Through 2028
Table 12 : Global Market Volumes of Hydraulic Pumps and Motors, by Type, Through 2028
Table 13 : Global Market for Hydraulic Pumps and Motors, by Region, Through 2028
Table 14 : Global Market Volumes of Hydraulic Pumps and Motors, by Region, Through 2028
Table 15 : Global Hydraulic Pumps and Motors Market, Environmental ESG Metric, 2022
Table 16 : Global Hydraulic Pumps and Motors Market, Social ESG Metric, 2022
Table 17 : Global Hydraulic Pumps and Motors Market, Governance ESG Metric, 2022
Table 18 : Global Market for Industrial Boilers, by Region, Through 2028
Table 19 : Supercritical Boiler Efficiency Gains
Table 20 : Industrial Boiler Efficiency Factors
Table 21 : Typical Boiler Efficiency at Design Load
Table 22 : Global Market Volume for Industrial Boilers, by Boiler Type, Through 2028
Table 23 : Global Market for Industrial Boilers, by Boiler Type, Through 2028
Table 24 : Global Market Volume for Industrial Boilers, by Fuel Type, Through 2028
Table 25 : Global Market for Industrial Boilers, by Fuel Type, Through 2028
Table 26 : Global Market Volume for Industrial Boilers, by Region, Through 2028
Table 27 : Global Market for Industrial Boilers, by Region, Through 2028
Table 28 : Global Market for Electronics Contract Manufacturing and Design Services, by Region, Through 2028
Table 29 : Types of OEM-ECM Integration
Table 30 : Global Market for Electronics Contract Manufacturing and Design Services, by Type, Through 2028
Table 31 : Key Aspects of PCB Design Services
Table 32 : Global Market for Electronics Contract Manufacturing and Design Services, by Region, Through 2028
Table 33 : ESG Risk Ratings Metric, by Company, 2022
Table 34 : Global Market for Inorganic Metal Finishing, by Region, Through 2027
Table 35 : Overview of Wastes Generated from Surface Preparation Processes
Table 36 : Overview of Wastes Generated from Surface Finishing Processes
Table 37 : Overview of U.S. Federal Regulations of the Metal Finishing Industry
Table 38 : Global Market for Inorganic Metal Finishing, by Type, Through 2027
Table 39 : Global Market for Inorganic Metal Finishing, by Region, Through 2027
List of Figures
Figure 1 : Global Market Shares of NDT Equipment and Services, by Region, 2022
Figure 2 : Global Market Shares of NDT Equipment and Services, by Type, 2028
Figure 3 : Global Market Shares of NDT Services, by Type, 2028
Figure 4 : Global Market Shares of NDT Equipment and Services, by Region, 2028
Figure 5 : Global Market Shares of Hydraulic Pumps and Motors, by Region, 2022
Figure 6 : Global Market Shares of Hydraulic Pumps and Motors, by Type, 2028
Figure 7 : Global Market Volume Shares of Hydraulic Pumps and Motors, by Type, 2028
Figure 8 : Global Market Shares of Hydraulic Pumps and Motors, by Region, 2028
Figure 9 : Global Market Volume Shares of Hydraulic Pumps and Motors, by Region, 2028
Figure 10 : Global Market Shares of Industrial Boilers, by Region, 2022
Figure 11 : Classification of Boilers
Figure 12 : Advantages of Firetube Boilers
Figure 13 : Advantages of Watertube Boilers
Figure 14 : Advantages of Babcock and Wilcox Boilers
Figure 15 : Industrial Production Index in China, 2018-2022
Figure 16 : Global Market Volume Shares of Industrial Boilers, by Boiler Type, 2028
Figure 17 : Global Market Shares of Industrial Boilers, by Boiler Type, 2028
Figure 18 : Global Market Volume Shares of Industrial Boilers, by Fuel Type, 2028
Figure 19 : Global Market Shares of Industrial Boilers, by Fuel Type, 2028
Figure 20 : Global Market Volume Shares of Industrial Boilers, by Region, 2028
Figure 21 : Global Market Shares of Industrial Boilers, by Region, 2028
Figure 22 : Global Market Shares of Electronics Contract Manufacturing and Design Services, by Region, 2022
Figure 23 : Global Market Shares of Electronics Contract Manufacturing and Design Services, by Type, 2022
Figure 24 : Global Market Shares of Electronics Contract Manufacturing and Design Services, by Region, 2022
Figure 25 : Global Market Shares of Inorganic Metal Finishing, by Region, 2021
Figure 26 : Global Market Shares of Inorganic Metal Finishing, by Type, 2027
Figure 27 : Metal Finishing Processes
Figure 28 : Sequence for Preparing Metal for Finishing
Figure 29 : Parameters for Cleaning Operations
Figure 30 : Type of Cleaning Process
Figure 31 : Type of Pretreatment Process
Figure 32 : Industrial Electrolytic and Chemical Polishing Processes for Aluminum
Figure 33 : Global Market Shares of Inorganic Metal Finishing, by Region, 2027
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