Modern manufacturing isn’t the same as it was two decades ago. Driven by data analytics, 3D printing, computer-aided manufacturing (CAM) platforms, and a lot of advanced equipment, manufacturing has evolved to adopt innovative factory technologies.
Operational benefits and reduced costs have fueled this shift, while sustainability and worker safety have become a non-negotiable priority for manufacturers. Let’s look at some interesting statistics to discover the latest in manufacturing.
Manufacturing is one of the earliest businesses known to humans and it has made considerable developments. Let these thoughtfully chosen statistics hint at what goes on in manufacturing in the 21st century.
Computer-aided manufacturing (CAM) uses computer software to control machine tools. Before CAM existed, manufacturers had to set up machines manually. That took time and sometimes led to mistakes. With CAM, the process is faster and more precise.
You design a product on your computer. The software then translates that design into instructions. These instructions guide the machine tools. And that’s it!
Learn more about how CAM is transforming manufacturing through the statistics below.
is the compound annual growth rate (CAGR) of the global computer-aided manufacturing market.
Source: Allied Market Research
US factories are significant players in the manufacturing world. New technology, like robots and online tools, helps them grow. The country’s manufacturing sector strongly focuses on being green and training its workers better. Explore the statistics below to learn more.
is the average work week for US manufacturing employees.
Source: U.S. Bureau of Labor Statistics
Manufacturing jobs have transformed in the past few decades. Even though machines now do some of the work humans used to do, actual people still have to take on the new jobs of fixing or programming the new equipment. Go through the statistics below to understand how manufacturing jobs are evolving.
Manufacturing wages vary by region and expertise. Developed countries often offer more. Specialized roles command better pay. Automation can pressure some salaries downward, but high-tech positions can see a rise. These statistics shed some light on wage dynamics in the manufacturing industry,
is the average hourly earnings for all US employees in the manufacturing sector.
Source: U.S. Bureau of Labor Statistics
These stats clearly show manufacturing’s progress has no signs of slowing down. Factories are producing more than ever. New tech is making waves, changing how we create products.
The stats tell the story of the past and present, but they also provide a sneak peek into the future when you connect the dots. This isn't just about machines and numbers. It's about jobs, communities, and the backbone of our economy.
Learn more about computer-aided manufacturing and why it’s essential.
Find the right computer-aided manufacturing (CAM) software for converting computer-aided design (CAD) models into information used by machines on the shop floor.
Sagar Joshi is a former content marketing specialist at G2 in India. He is an engineer with a keen interest in data analytics and cybersecurity. He writes about topics related to them. You can find him reading books, learning a new language, or playing pool in his free time.
Find the right computer-aided manufacturing (CAM) software for converting computer-aided design (CAD) models into information used by machines on the shop floor.
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