Industrial manufacturing is essential to global growth. Explore its history, trends, and how digital transformation drives innovation and efficiency., Key Industrial Manufacturing Trends Industrial manufacturing trends in 2023 and the years to follow will be shaped by technological advances and government initiatives, including the US CHIPS and Science Act, which sets aside $50 billion for the domestic semiconductor industry, and the Infrastructure Investment and Jobs Act, which allocates $1.2 trillion for transportation and infrastructure , IIR's global Industrial Manufacturing databaseThe Industrial Manufacturing Industry is the most diverse in our database, covering a wide range of sectors from high-level manufacturing to goods storage and distribution. The industry has embraced the newest in technologies such as Manufacturing 4.0, AI, Robotics, Automation and 3D printing. Its wide variety of plants include industries such as , Manufacturing is the process of turning raw materials or parts into finished goods using tools, human labor, machinery, and chemical processing., Industrial Manufacturing: Background Industry Composition: The industrial manufacturing industry is responsible for the fabrication of products intended for industrial use from raw materials; it is the output of this industry which has made further mass manufacturing possible in most other industries., This type of manufacturing typically takes place in industrial plants and factories, where various processes, such as assembly, machining, and fabrication, are carried out to produce high-quality products efficiently. Key Components of Industrial Manufacturing What is a Production Industry?.