Other Transportation Equipment - Worldwide

Value added in the Other Transportation Equipment market is projected to amount to US$183.3bn in 2024.
A compound annual growth rate of 1.16% is expected (CAGR 2024–2029).
The value added per capita in the Other Transportation Equipment market is projected to amount to US$23.7 in 2024.
The value added margin in the Other Transportation Equipment market is projected to amount to 24% in 2024.
Output in the Other Transportation Equipment market is projected to amount to US$752.8bn in 2024.
A compound annual growth rate of 1.09% is expected (CAGR 2024–2029).
The output per enterprise in the Other Transportation Equipment market is projected to amount to US$17.2m in 2024.
The manufacturing intensity in the Other Transportation Equipment market is projected to amount to 0.8% in 2024.
The number of enterprises in the Other Transportation Equipment market is projected to amount to 43.75k in 2024.
A compound annual growth rate of 2.14% is expected (CAGR 2024–2029).
The enterprise density in the Other Transportation Equipment market is projected to amount to 6 in 2024.
The number of employees in the Other Transportation Equipment market is projected to amount to 4.41m in 2024.
A compound annual growth rate of 1.54% is expected (CAGR 2024–2029).
The employment rate in the Other Transportation Equipment market is projected to amount to 0.06% in 2024.
The labor efficiency in the Other Transportation Equipment market is projected to amount to US$170.7k in 2024.
The labor productivity in the Other Transportation Equipment market is projected to amount to US$41.6k in 2024.

Definition:

Other Transportation Equipment market is based on the production of vehicles and transportation systems other than those used for personal or commercial transportation. This includes the manufacturing of ships, boats, trains, and aerospace vehicles such as helicopters, airplanes, and spacecraft. This market also includes the production of transport-related equipment, such as engines, brakes, gears, and other related machinery. Essentially, market covers the creation of various forms of transportation and related components used for the movement of people and goods.

Additional information:

The market comprises value added, output, number of enterprises, number of employees, and the respective growth rates. Output refers to the total value of all goods produced, whereas value added is the sum of the intermediate stages of production or, in other words, the wealth created by industry activity. The market only displays B2B production.

Building of ships and floating structures
Building of pleasure and sporting boats
Manufacture of railway locomotives and rolling stock
Manufacture of air and spacecraft and related machinery
Manufacture of military fighting vehicles
Manufacture of motorcycles, bicycles, and invalid carriages
Other categories listed within ISIC Division 30 as "included"

Manufacture of navigational instruments
Manufacture of amphibious motor vehicles
Manufacture of lighting equipment for ships
Manufacture of parts of boats and vessels
Manufacture of engines, turbines, and electric motors
Manufacture of weapons and ammunitions
Other categories listed within ISIC Division 30 as "excluded"

The manufacturing market has faced several challenges in recent years due to geopolitical uncertainty, supply chain disruptions, changing consumer preferences, and increasing regulatory scrutiny. However, several positive factors, such as rising global demand, ongoing technological advancements, and increasing investment in automation and digitalization, continue to influence the market, and the outlook for manufacturing remains positive.

While the Covid-19 pandemic has caused significant hardships for manufacturers, those that invested in digitalization and automation of their processes will be best positioned for long-term success. Manufacturers who can effectively balance cost pressures and maintain a strong focus on quality are likely to survive the current crisis and come out more resilient in the end.

Among the factors that could affect the manufacturing market in 2023 is the adoption of advanced technology, such as artificial intelligence, robotics, and the Internet of Things (IoT), which have the potential to improve overall efficiency and productivity while reducing costs.

Furthermore, our analysts believe that sustainability and environmental awareness will become increasingly important trends, as more investors and consumers prefer companies that prioritize these values and develop eco-friendly products.

Finally, geopolitical factors such as trade tensions and changes in government policies could also impact the manufacturing market in 2023, with the Russia-Ukraine war having the biggest impact.

In summary, the current environment presents both challenges and opportunities for the manufacturing market in 2023. However, with the right managerial strategies and high flexibility, companies can succeed and strengthen their long-term market position.

Data coverage:

The data encompasses B2B. Figures are based on the value added in the manufacturing market.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market. As a basis for evaluating markets, we use resources from the Statista platform as well as annual financial reports of the market-leading companies and industry associations, third-party studies and reports, national statistical offices, international institutions, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting the manufacturing market due to the non-linear growth of this market.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.

This report presents a comprehensive analysis and additional information on the Industrial market, in a PDF format.

For the island nation of Japan, the fourth-biggest economy of the world, maritime transportation is indispensable. On the one hand, international maritime transport is vital because more than 99 percent of Japan’s foreign trade is realized via sea. On the other hand, domestically operating ships are a feasible mode of transportation, moving over 87 million passengers and 350 million tons of goods across more than 400 inhabited islands. Furthermore, maritime transportation creates jobs for people; on sea and land, in Japan and elsewhere.