Global Manufacturing Market to Reach $968.7 Billion by 2030, Driven by Medical Device and Clean Energy Demand
“The review brings together insights from BCC Research reports covering gas and steam turbines, electric arc furnaces, diesel generators, flexible manufacturing systems, Industry 4.0, contract manufacturing, heat pumps and physical vapor deposition.”
Boston, June 03, 2026 (GLOBE NEWSWIRE) -- The global manufacturing market is projected to grow from $648.5 billion in 2024 to $968.7 billion by 2030, representing a compound annual growth rate (CAGR) of 7.1% during the forecast period, according to BCC Research's new report 2025 Manufacturing Research Review.
KEY FINDINGS
Market expansion: The manufacturing sector will experience robust 7.1% CAGR growth through 2030, primarily driven by surging demand in medical device and pharmaceutical sectors as global healthcare infrastructure expands
Regional leadership: Asia-Pacific dominates the manufacturing landscape with 38.4% market share, fueled by rising semiconductor manufacturing investments and solar industry expansion
Clean energy transition: Environmental regulations and the push for sustainable energy sources are accelerating adoption of gas turbines and advanced manufacturing technologies for renewable energy applications
Strategic outsourcing trend: Manufacturers are increasingly shifting toward outsourcing partnerships to reduce overhead costs and improve time-to-market
Technology convergence: Industry 4.0 technologies including AI, IoT, and advanced robotics are transforming traditional manufacturing processes
Market consolidation: Key players Samsung Biologics, Foxconn, Mitsubishi Power, GE Vernova, Siemens, Applied Materials, and Doosan Enerbility are strengthening positions
MARKET DRIVERS
The manufacturing sector's growth trajectory reflects fundamental shifts in global industrial priorities. Healthcare sector expansion, particularly in medical devices and pharmaceuticals, is creating unprecedented demand for specialized manufacturing capabilities. Simultaneously, stringent environmental regulations and government initiatives promoting clean energy adoption are driving investments in gas turbines, electric arc furnaces, and advanced battery energy storage systems.
INVESTMENT CONSIDERATIONS
The manufacturing sector presents compelling opportunities for investors focused on sustainability-driven industrial transformation and healthcare sector growth. Companies positioned at the intersection of advanced manufacturing technologies and clean energy applications offer the strongest upside potential.
For more information or to download the report, visit https://www.bccresearch.com/market-research/manufacturing/manufacturing-research-review-and-industry-trends.html
About BCC Research
BCC Research provides objective, unbiased measurement and assessment of market opportunities with detailed market research reports. Our experienced industry analysts assess growth trends, identify and evaluate new and changing market opportunities, and provide critical information and innovative decision support tools to help inform the strategic decision-making process.
BCC Research LLC 50 Milk St., Ste. 16, Boston, MA 02109 press@bccresearch.com | +1 781-489-7301 www.bccresearch.com
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
