Current Outlook on Industrial Manufacturing and Distribution

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External factors (global health crises, trade wars, and protectionism) coupled with tight margins and growing competition create a tough situation for manufacturing and distribution enterprises. However, despite everything, the industry is doing well and is projected to surpass USD $20 trillion by 2031.

The smart manufacturing market that employs technology such as AI, data collection, and automation to optimize and enhance production is forecasted to reach US $319 billion by 2030, indicating the industry’s buy sales lead trust in adopting to the changing industrial landscape through digital transformation. Industrial distribution is on track to reach USD $7 billion by the end of 2025, and the global packaging market is expected to reach USD $1.4 billion by 2032. The global machinery and equipment sector was valued by Allianz at a staggering US $280 billion in 2024, and Statista projected an annual growth rate of 1.24% from 2025 up to 2029