Manufacturing Day was created by the Manufacturing Institute, a nonprofit workforce development and education partner of the National Association of Manufacturers, and later declared a national holiday by former President Barack Obama. Celebrated on the first Friday of October, it is now recognized by U.S. manufacturing associations, educational programs, the U.S. Department of Commerce and other industry groups. It was created to celebrate and inspire the next generation and build the foundation for the workforce of the future.
As a leader in the manufacturing industry, ETQ will be celebrating the day as means of helping build the next generation of makers and elevating our Quality Champions of today and tomorrow.
Trends in Manufacturing
Industry 4.0 Adoption:
- Over 70% of companies have adopted Industry 4.0 technologies like IoT, AI, and automation to improve efficiency and productivity.
- The widespread adoption of Industry 4.0 technologies indicates a significant shift towards more intelligent and connected manufacturing processes.
3D Printing Growth:
- The global 3D printing market is projected to reach $32 billion by 2025, with a CAGR of 21.5% from 2020 to 2025.
- The rapid growth of 3D printing showcases how additive manufacturing is revolutionizing the production of complex and customized parts.
Robotics in Manufacturing:
- In 2020, there were 2.7 million industrial robots in operation worldwide, with an expected annual growth rate of 14% until 2023.
- The increasing use of robotics is driving higher precision, faster production, and cost savings.
- 75% of consumers are willing to pay more for products from environmentally friendly companies.
- Sustainability is becoming a key driver in this industry, with companies focusing on eco-friendly processes and materials to meet consumer demand.
- 64% of U.S. manufacturers are considering or actively reshoring production due to supply chain disruptions.
- The COVID-19 pandemic exposed vulnerabilities in global supply chains, leading to a resurgence of interest in bringing this industry back to domestic markets.