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JLL Cleveland Chart of the Week

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CLE+ manufacturing growth projections Cleveland •The shift from traditional to advanced manufacturing is playing a critical role in the region’s economic transformation. Between 2010 and 2020, manufacturing gross regional product is projected to grow 39 percent to $43 billion. Over the same period, U.S. output is only projected to grow 33 percent. •Many key manufacturing sectors anticipate double-digit growth by 2020 and projections indicate that each of the top ten sectors are expected to grow through 2020. Three of the top four sectors (plastics and rubber, chemicals and fabricated metal) will grow faster than the industry cluster as a whole. Source: JLL Research, Team NEO Chart of the week: February 2, 2015 47% 67% 32% 104% 34% 24% 22% 57% 5% 21% $0 $1 $2 $3 $4 $5 $6 $7 $8 $9 $10 Fabricated Metal Mfg Chemical Mfg Machinery Mfg Plastics & Rubber Mfg Primary Metal Mfg Food Mfg Transportation Mfg Appliance Mfg Petro & Coal Mfg Electronic Mfg 2010 2020 Largest Manufacturing Sectors by GRP ($ Billions)

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  • 1. CLE+ manufacturing growth projections Cleveland •The shift from traditional to advanced manufacturing is playing a critical role in the region’s economic transformation. Between 2010 and 2020, manufacturing gross regional product is projected to grow 39 percent to $43 billion. Over the same period, U.S. output is only projected to grow 33 percent. •Many key manufacturing sectors anticipate double-digit growth by 2020 and projections indicate that each of the top ten sectors are expected to grow through 2020. Three of the top four sectors (plastics and rubber, chemicals and fabricated metal) will grow faster than the industry cluster as a whole. Source: JLL Research, Team NEO Chart of the week: February 2, 2015 47% 67% 32% 104% 34% 24% 22% 57% 5% 21% $0 $1 $2 $3 $4 $5 $6 $7 $8 $9 $10 Fabricated Metal Mfg Chemical Mfg Machinery Mfg Plastics & Rubber Mfg Primary Metal Mfg Food Mfg Transportation Mfg Appliance Mfg Petro & Coal Mfg Electronic Mfg 2010 2020 Largest Manufacturing Sectors by GRP ($ Billions)