2. According to some economists, manufacturing
is a wealth-producing sector of an economy,
whereas a service sector tends to be wealth-
consuming. Emerging technologies have
provided some new growth in advanced
manufacturing employment opportunities in the
world. Manufacturing provides important
material support for national infrastructure and
for national defense.
ECONOMICS OF
MANUFACTURING
3. Most manufacturing may involve significant social and
environmental costs. The clean-up costs of hazardous
waste, for example, may outweigh the benefits of a
product that creates it. Hazardous materials may
expose workers to health risks. These costs are now
well known and there is effort to address them by
improving efficiency, reducing waste, using industrial
symbiosis, and eliminating harmful chemicals. The
increased use of technologies such as 3D printing also
offer the potential to reduce the environmental impact
of producing finished goods through distributed
manufacturing.
4. The above is a list of the world's largest manufacturing companies, ordered
by revenue in millions of U.S. dollars according to the Fortune Global 500.
Currently all companies with revenue greater than $25 billion are included.
5. The manufacturing sector in Asia has
traditionally been strongest in the East
Asia region - particularly in China,
Taiwan, Japan, South Korea and
Singapore. The industry varies from
manufacturing cheap low value goods
such as toys to high-tech value added
goods such as computers, CD
players, Games consoles, mobile
phones and cars. Major Asian
manufacturing companies are mostly
based in either South Korea or Japan.
They include Samsung, Hyundai, LG,
and Kia from South Korea,
and Sony, Toyota, Toshiba,
and Honda from Japan.
ASIA
6. Top 10 Asian companies by market value. This list of 50, is
dominated by China having 15 firms followed by India having 12.
The complete list as published by Forbes Asia can be accessed
here.
7. Europe has a thriving manufacturing sector,
with a large part of the world's industrial
production taking place in Europe. Most of
the continent's industries are concentrated in
the 'Blue Banana' (covering
Southern England, the Benelux, western
Germany, eastern France, Switzerland, and
northern Italy). According to Fortune Global
500, 195 of the top 500 companies are
headquartered in Europe. The main products
in European industry are bicycles, rail,
machinery, marine, aerospace equipment,
food, chemical and pharmaceutical goods,
journalism, software and electronics
EUROPE
15 out of the 20 nations with
the highest nominal GDP
per capita are in Europe
(2005)
9. North America has developed and
its manufacturing sector has grown. In
the beginning the European nations
were the large manufacturing powers.
At the start of the 1950s, the United
States with Canada and Mexico
showed significant growth in the
sectors of services, mining and
manufacturing. Canada's per capita
GDP (PPP) was estimated at $44,656
and it had the 11th largest GDP
(nominal) in 2014. In 2014, the US
had an estimated per capita gross
domestic product (PPP) of $54,980.
NORTH AMERICA
10. Top 10 American companies as ranked by The Motley Fool. See the full
list here.
11. South America relies less on the export of both
manufactured goods and natural resources than
the world average. Chile contributes about a third
of the world copper production. Brazil is the
world’s leading producer of niobium and tantalum,
and Peru is the largest silver producer and the
second-ranked producer of bismuth and copper.
The main agricultural products include
coffee, soybeans, wheat, rice, corn, sugarcane,
cocoa, citrus, beef, bananas and shrimp are also
important agricultural products for many countries.
SOUTH AMERICA
Annual percentage growth
in real (chain
volume) GDP per
capita since 1961.
12. The region’s 500 largest companies boosted
revenues by 21.5 percent last year, to $2.2
trillion. That’s more than the total size of
Brazil’s $2.1 trillion economy or twice as
much as Mexico’s $1 trillion GDP. And it
equals the combined economies of Mexico,
Argentina, Venezuela, Colombia and Chile.
Latin America is home to some of
the world’s largest companies. As
emerging markets such as Brazil,
Chile, Mexico, etc. continue to
account for a larger share of the
world’s GDP, companies from these
regions grow to take the top spots in
13. Manufacturing in Australia peaked in
the 1960s at 25% of the country's
gross domestic product, and has
since dropped below 10%. In 2000–
2001, $3300 million was spent on
assistance to the manufacturing
industry, with 40% going to the
textile, clothing and footwear
industry and the passenger motor
vehicle industry. At that time,
manufacturing accounted for 48% of
exports, and 45% of
Australian research and
development. The food and
beverage manufacturing industry is
the largest in Australia.
AUSTRALIA
Annual percentage growth
in real (chain
volume) GDP per
capita since 1961.
14. Adults employed in the manufacturing industry as a percentage of the adult
population in Australia divided geographically by statistical local area, as of the
2011 census.
15. Both the African Union and the United
Nations have outlined plans in modern years on
how Africa can help itself industrialize and
develop significant manufacturing sectors with
21st-century technology. This hope in
manufacturing and industry is helped by the
boom in communications technology and local
mining industry. In much of sub-Saharan Africa
electronics and vehicles, pharmaceutical and
cosmetic products, building materials, textiles,
home tools, plastics and so on are
manufactured and exported to other west
African and African countries. Nigeria is
currently the largest manufacturer of cement in
Sub-Saharan Africa. Ogun is considered to be
the current Nigeria's industrial hub.
AFRICA
16. The Top 10 North African firms demonstrates the biggest overall growth
of any regional table. The main cause is the partial recovery in the value
of Egyptian stock values, so this growth is rather more of a recovery
than genuine progress.
17. The different industry sectors of India witnessed astronomical
growth over the last 15 years.
Previously, the Indian economy was of closed type and the
government enterprises controlled all Indian market. The post
1990 Government of India economic policy endorsed a
complete different economic policy and opened its market for
foreign investments. This saw a horde of FII making inroads
to Indian markets. As a result of which different industry
sectors, especially the manufacturing sector made huge
progress, both technologically and economically.
Major industries include textiles, telecommunications,
chemicals, pharmaceuticals, biotechnology, food processing,
steel, transport equipment, cement, mining, petroleum,
machinery, and software
THE INDIAN CONTEXT
18. 1) The Indian manufacturing sector
has been witnessing a sluggish
growth due to deceleration in
investment.
2) The national manufacturing
policy suggests raising the share
of manufacturing in GDP to 25%
in order to create 100 million
jobs in the coming decades.
3) Additional capacities are being
planned to be installed in all the
major manufacturing units.
4) A public procurement policy has
been proposed incorporating
technology along with common
facility centres while the Khadi
Mark steps has been launched
to promote Micro Small and
Medium Enterprises
THE INDIAN MANUFACTURING INDUSTRY
19. #Make in India
‘Come, Make in India!’ PM Modi's aggressive push to revive an
ailing manufacturing sector, has found resonance with India Inc.
Single-window clearances, minimal procedures & cutting out of
any red-tapism. PM Modi sees Make in India as a vital impetus
for employment and growth. The main motto of the Government
of India is to invite business entities from all over the world to
invest in Indian manufacturing industry. For this GOI is trying to
simplify the rules and regulations to invite investment from
foreign investors.