The 2023-2028 World Outlook for Smart Manufacturing

The 2023-2028 World Outlook for Smart Manufacturing

This study covers the world outlook for smart manufacturing across more than 190 countries. For each year reported, estimates are given for the latent demand, or potential industry earnings (P.I.E.), for the country in question (in millions of U.S. dollars), the percent share the country is of the region, and of the globe. These comparative benchmarks allow the reader to quickly gauge a country vis-à-vis others. Using econometric models which project fundamental economic dynamics within each country and across countries, latent demand estimates are created. This report does not discuss the specific players in the market serving the latent demand, nor specific details at the product level. The study also does not consider short-term cyclicalities that might affect realized sales. The study, therefore, is strategic in nature, taking an aggregate and long-run view, irrespective of the players or products involved.

This study covers smart manufacturing as defined by the North American Industrial Classification system or NAICS (pronounced "nakes").

The NAICS code for smart manufacturing is 4512. It is for this definition that aggregate latent demand estimates are derived. Smart manufacturing is specifically defined as follows:

4512 This industry group comprises establishments primarily engaged in retailing new books, newspapers, magazines, and prerecorded audio and video media.

45121 This industry comprises establishments primarily engaged in retailing new books, newspapers, magazines, and other periodicals.

45122 See industry description for 451220.

451211 This U.S. industry comprises establishments primarily engaged in retailing new books.

451212 This U.S. industry comprises establishments primarily engaged in retailing current newspapers, magazines, and other periodicals.

451220 This industry comprises establishments primarily engaged in retailing new prerecorded audio and video tapes, compact discs (CDs), digital video discs (DVDs), and phonograph records.

4512111 Book stores

4512112 Establishments primarily engaged in retailing specialty books, such as general
reference, religious, and professional books.

4512113 Establishments primarily engaged in retailing textbooks, generally on the college level. Most of these establishments are located on or near college campuses, and some sell more apparel than books. These establishments may also offer second-hand textbooks. School book stores, other than college, are included in this industry.

451211P Primary services