Let’s Celebrate Manufacturing Day: Exploring the Automotive Manufacturing Industry

Oct 7, 2022

Today is Manufacturing Day, a time when manufacturers open their doors and educate the general public in their processes, foster career growth in the industry, and provide insight into the positive potential of modern manufacturing to improve conditions globally. Over the next decade, it’s expected that manufacturers will seek to fill nearly 4 million jobs!

This annual initiative is hosted by The Manufacturing Institute with partnership from Fabricators & Manufacturers Association to not only grow the industry but diversify its ranks through skills training, community building, and support for women, veterans, students, and workers.

Let’s take a look at some interesting facts about the automotive industry and related manufacturing:

By 2030, it’s anticipated that the automotive industry will achieve nearly $9 trillion in revenue/sales.
In 2020 the US Motor Vehicle and Retail Parts trade revenue was $1.25 trillion
The United States produced 8.8 million vehicles in 2020, which is 19% less than in 2019
In 2021, nearly 15 million vehicles were sold across the United States
In 2021, the global automotive manufacturing market was more than $2.8 trillion USD
As of 2021, the automotive industry manufacturing market in the US was valued at $82.6 billion
In 2022, the global automotive manufacturing market is expected to grow to nearly $3 trillion USD
In 2022, the current revenue of the car and automotive manufacturing industry is an estimated $100.9 billion USD (ibisworld)
In 2022, it is expected that the US Car and Automotive manufacturing industry will increase in growth by nearly 3% (ibisworld)
Due to increasing demand, it’s anticipated that 26% of net car sales will be electric vehicles in 2030, with 58 million new self-driving cars hitting roads by the same year according to Statista.
An estimated 923,000 US residents work in motor vehicle and parts manufacturing and the average automotive production worker salary in the United States if $31,000 annually
The automotive industry employs more than 1.7 million people who are all involved in the design, engineering, manufacturing, supply chain, assembling, and sales/service of motor vehicles
Some of the best paid positions in automotive manufacturing include: Automotive Designers, Automotive Engineers, Coordinate Measuring Machine Technicians, Mechanics, Process Engineers, Process Technicians, and Production Supervisors
Only 15% of automotive production workers are women, as opposed to 85% which are men; the industry is seeking to improve these statistics and diversify the workforce and promote equal employment opportunities

Here’s some great videos that detail the process of manufacturing and assembling vehicles from factory to the consumer:

Behind the Scenes at Vodafone and Automotive Manufacturing Tools and Tech

UpSkul Explains the Car Manufacturing Process

Car Parts Explained by Car Manufacturing Channel on YouTube

Inside Lake County Manufacturing

New Kia Sportage Production Plant 2022

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