Manufacturing Day is about partnering in workforce development and education to develop and support qualified people in the manufacturing industry
On the first Friday in October, National Manufacturing Day honors Americans who proudly stand behind manufactured products and services. The American economy is expanding as we keep creating new items and releasing new technologies. Through entrepreneurship, manufacturing companies generate jobs, and their competitiveness fortifies American manufacturing.
The Fabricators & Manufacturers Association is a founding partner of MFG Day, a project of The Manufacturing Institute. In order to progress in modern manufacturing, the Institute develops and supports qualified people in the manufacturing sector. Through skill-training efforts, community development, and assistance with the advancement of their manufacturing careers, the Institute’s numerous activities benefit women, veterans, students, and employees. The Institute serves as a trusted advisor to manufacturers and is the National Association of Manufacturers’ partner in workforce development and education. It provides them with the tools they need to tackle the most difficult problems facing their field.
What to Know About the Manufacturing Industry
What types of manufacturing is in the United States?
Businesses in the United States manufacture the tiniest of components to building supplies to complete structures. While we often think of manufacturing as an assembly line that builds equipment, it’s so much more. Some examples of the different kinds of manufacturing include:
- Textiles
- Clothing
- Food
- Furniture
- Electronics
- Transportation
- Chemicals
- Plastics and Rubber
- Metal fabricating
- Wood products
How many businesses are there in the manufacturing industry in the US in 2022?
There are 718,796 manufacturing businesses in the US as of 2022, an increase of 3.8% from 2021.
Has the number of manufacturing businesses in the US grown or declined over the past 5 years?
The number of businesses in the manufacturing industry in the US has grown 3.8% per year on average over the five years between 2017 – 2022.
Which States have the highest number of businesses in the manufacturing industry in the United States?
California (37,433 businesses), Texas (20,138 businesses), and New York (15,112 businesses) are the States with the most number of manufacturing businesses in the US.
What costs do startup businesses in the manufacturing industry in the US need to be aware of?
The manufacturing industry in the US relies on both capital (plant, machinery, and equipment) and labor to similar degrees. The highest costs for businesses in the manufacturing industry in the US as a percentage of revenue are Wages (12.1%), Purchases (53.6%), and Rent & Utilities (0.7%).
Source: https://www.ibisworld.com/
The Need for Skilled Laborers
We will always be in need of manufacturing skilled laborers. They are just one part of the machine that keeps our country going. Focusing on reskilling and upskilling workers can help improve productivity and efficiency for all sectors in the industry, which is what Manufacturing Day is all about.
