As geopolitical tensions continue to disrupt critical supply chains and cloud global economic prospects, countries are increasingly working toward building robust multi-industry domestic manufacturing capabilities. While this trend is witnessed across many countries, emerging economies such as India, China, Indonesia, Vietnam, and Mexico are, particularly, benefitting from the emphasis on manufacturing-driven economic growth modeling. With a huge demographic dividend, competitive labor costs, availability of integrated infrastructural facilities, strategic geographic locations, and prudent macroeconomic conditions, these countries are steadily positioning themselves as go-to manufacturing hubs.
During the long term, manufacturing processes will undergo massive transformation as concepts such as sustainability, Industry 5.0, cybersecurity, and talent retention gain major impetus. Along with accelerating the transition to high-tech manufacturing ecosystems, these factors will maximize per capita manufacturing efficiency, lower operating costs, improve labor productivity, and incubate new manufacturing-based growth opportunities.
This macroeconomic thought leadership provides a snapshot of the future growth potential for the global manufacturing industry as well as country-specific analysis of manufacturing capabilities. Decision-makers and businesses can leverage insights into regional growth opportunities that will emerge in the manufacturing sector because of structural shifts in the global economy and changing geopolitical relations.
Key topic areas covered:
- Key Transformations faced by Global Manufacturing Industry
- 2030 Outlook of the Global Manufacturing Industry
- Challenges Faced by the Global Manufacturing Industry
- Key Manufacturing Countries to Action
- Top 10 Manufacturing Hotspots and their Best Practices
Frost Radar™: Manufacturing Excellence, 2024—Global Strategic Imperatives
Frost Radar™: Manufacturing Excellence, 2024—Growth Environment
Frost Radar™: Manufacturing Excellence, 2024—Global Challenges
Frost Radar™: Manufacturing Excellence, 2024—Top 10 Countries
Frost Radar™: Manufacturing Excellence, 2024—Country Ranking
Frost Radar™: Manufacturing Excellence, 2024—Manufacturing Opportunities and Hotspots
Frost Radar™: Manufacturing Excellence, 2024—Global Competitive Environment
#1 China
#2 United States
#3 Germany
#4 Japan
#5 India
#6 South Korea
#7 Mexico
#8 Malaysia
#9 Indonesia
#10 Ireland
Frost Radar™: Manufacturing Excellence, 2024—Empowering Governments and Policymakers
Frost Radar™: Manufacturing Excellence, 2024—Empowering the CEO’s Growth Team
Frost Radar™: Manufacturing Excellence, 2024—Framework
Frost Radar™: Manufacturing Excellence, 2024—Methodology
Country Selection for Assessment
The Growth Axis—Economy, Investment, Citizens
The Innovation Axis—Six Pillars of Social Priorities
Legal Disclaimer
Frost Radar™: Benchmarking Future Growth Potential 2 Major Indices, 10 Analytical Ingredients, 1 Platform
Growth Index
Growth Index (GI) is a measure of a company’s growth performance and track record, along with its ability to develop and execute a fully aligned growth strategy and vision; a robust growth pipeline system; and effective market, competitor, and end-user focused sales and marketing strategies.
- Market Share (previous 3 years)
This is a comparison of a company’s market share relative to its competitors in a given market space for the previous 3 years. - Revenue Growth (previous 3 years)
This is a look at a company’s revenue growth rate for the previous 3 years in the market/industry/category that forms the context for the given Frost Radar™. - Growth Pipeline
This is an evaluation of the strength and leverage of a company’s growth pipeline system to continuously capture, analyze, and prioritize its universe of growth opportunities. - Vision and Strategy
This is an assessment of how well a company’s growth strategy is aligned with its vision. Are the investments that a company is making in new products and markets consistent with the stated vision? - Sales and Marketing
This is a measure of the effectiveness of a company’s sales and marketing efforts in helping it drive demand and achieve its growth objectives.
Innovation Index
Innovation Index (II) is a measure of a company’s ability to develop products/ services/ solutions (with a clear understanding of disruptive Mega Trends) that are globally applicable, are able to evolve and expand to serve multiple markets and are aligned to customers’ changing needs.
- INNOVATION SCALABILITY
This determines whether an organization’s innovations are globally scalable and applicable in both developing and mature markets, and also in adjacent and non-adjacent industry verticals. - RESEARCH AND DEVELOPMENT
This is a measure of the efficacy of a company’s R&D strategy, as determined by the size of its R&D investment and how it feeds the innovation pipeline. - PRODUCT PORTFOLIO
This is a measure of a company’s product portfolio, focusing on the relative contribution of new products to its annual revenue. - MEGATRENDS LEVERAGE
This is an assessment of a company’s proactive leverage of evolving, long-term opportunities and new business models, as the foundation of its innovation pipeline. - CUSTOMER ALIGNMENT
This evaluates the applicability of a company’s products/services/solutions to current and potential customers, as well as how its innovation strategy is influenced by evolving customer needs.
Significance of Being on the Frost Radar™
Companies plotted on the Frost RadarTM are the leaders in the industry for growth, innovation, or both. They are instrumental in advancing the industry into the future.
- GROWTH POTENTIAL
Your organization has significant future growth potential, which makes it a Company to Action. - BEST PRACTICES
Your organization is well positioned to shape Growth Pipeline™ best practices in your industry. - COMPETITIVE INTENSITY
Your organization is one of the key drivers of competitive intensity in the growth environment. - CUSTOMER VALUE
Your organization has demonstrated the ability to significantly enhance its customer value proposition. - PARTNER POTENTIAL
Your organization is top of mind for customers, investors, value chain partners, and future talent as a significant value provider.
Speak directly with our analytics experts for tailored recommendations.
Purchase includes:
- Report download
- Growth Dialog™ with our experts
Growth Dialog™
A tailored session with you where we identify the:- Strategic Imperatives
- Growth Opportunities
- Best Practices
- Companies to Action
Impacting your company's future growth potential.
Key topic areas covered:
- Key Transformations faced by Global Manufacturing Industry
- 2030 Outlook of the Global Manufacturing Industry
- Challenges Faced by the Global Manufacturing Industry
- Key Manufacturing Countries to Action
- Top 10 Manufacturing Hotspots and their Best Practices
| Deliverable Type | Frost Radar |
|---|---|
| Author | Rituparna Majumder |
| Industries | Cross Industries |
| No Index | No |
| Is Prebook | No |
| Keyword 1 | Manufacturing excellence market trends |
| Keyword 2 | Manufacturing excellence 2024 |
| Keyword 3 | Competitive manufacturing analysis |
| Podcast | No |
| WIP Number | PFIA-01-00-00-00 |
Frost Radar™: Manufacturing Excellence, 2024
Sustainability, Industry 5.0, and an Evolving Geopolitical Landscape to Transform Manufacturing Growth
14-Jun-2024
Global
Frost Radar
