The manufacturing industry is, to say it frankly, massive.
In 2020, it’s projected that manufacturing is worth $4.7 trillion dollars globally. There’s no surprise that the market is down 22.7%, considering COVID-19 and the various lockdowns around the world.
However, manufacturing, especially industrial manufacturing, is on a generally increasing trend of importance in our lives—even beyond the dollars and cents of it. Our whole world is changing dramatically before our eyes as our technology changes at breakneck speeds.
Are you ready to learn all there is about industrial manufacturing? This primer will get you started, so keep reading!
What Is Considered “Industrial?”
You might already have an idea about what manufacturing is, but what about industrial manufacturing? How do we categorize “industrial”? Here’s a short list of things considered as industrial manufacturing:
- Printing and publishing
- Semiconductors and computers
- Heavy manufacturing
- Plastic and rubber products
- Housing, building products, and furniture
- Fabricated metal products
Add to that the processing of raw materials (especially metals) like iron ore into steel, or lumber into planks, and you have a massive industry that makes pretty much everything around you.
Why Is It Growing?
With the advent of new technology for cars, trains, and airplanes to increase efficiency or change fuel types completely, our infrastructure is being redesigned from the ground up.
The internet of things (IoT) is pushing semiconductor and computer manufacturing and design to new limits of size constraints and connectivity. This technology is flooding into our refrigerators, coffee pots, cars, and even our beds. This requires that to be connected, we need to replace or retrofit pretty much every aspect of our lives.
Not all of the growth in manufacturing is tech-related, however. Part of the process of making new industrial spaces, warehouses, bridges, and more means custom fabrication.
Some of the industrial manufacturing services and products required in this are:
- Sheet metal
- Metal railings and stairwells
- Structural steel frameworks
- Crane rail systems
- Custom fabricated buildings
- And more
There’s also a huge number of our buildings and bridges in the USA and around the world that need to be maintained, repaired, and replaced. That’s not even putting into account all the structural steel fabrication required for all this work to be done globally.
Industrial Manufacturing In a Nutshell
Industrial manufacturing is on the rise around the world, although it’s dipping in 2020 due to COVID-19.
The world isn’t taking a break, though, just because an illness has us indoors and distancing. Industrial manufacturing is pressing forward into a new century and a new millennium, refreshing what came yesterday and building what is to come tomorrow, regardless of what the world has to throw at humanity.
Do you have a custom fabrication project that needs expertise in design and manufacture? The Schaus-Vorhies Companies have you covered in all your metal fabrication needs.
Contact us today and do not delay!