General Manufactured Goods Global Market Report 2024 Market Research 2024-2033 - Size, Trends, Outlook, Overview

"The Business Research Company recently released a comprehensive report on the Global General Manufactured Goods Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The general manufactured goods market size has grown strongly in recent years. It will grow from $1048.66 billion in 2023 to $1129.28 billion in 2024 at a compound annual growth rate (CAGR) of 7.7%. The growth in the historic period can be attributed to economic cycles, globalization, regulatory changes, consumer trends.

The general manufactured goods market size is expected to see strong growth in the next few years. It will grow to $1493.48 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to sustainability and environmental concerns, changing demographics, e-commerce and digital sales, remote work and digital collaboration. Major trends in the forecast period include technology adoption, advanced manufacturing technologies, customization and personalization, collaborative robotics (cobots).

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Market Drivers and Trends:

The rise in household income is expected to propel the growth of the general manufactured goods market going forward. The sum of all household members' gross monthly income is referred to as the household income. A general principle is that as aggregate demand rises, there is also an increase in household wealth, and this in turn leads to an increase in disposable income, thereby increasing consumer spending on various types of goods that also include generally manufactured goods. According to May 2022 data by CNBC, a US-based news company, the fourth quarter of 2021 saw the household net worth of Americans surpass $150 trillion for the first time, increasing at a solid 8.2% annual rate from the third quarter, the quickest rate of increase since the first quarter of 2020. Thus, a rise in household income is expected to drive the growth of the general manufactured goods market going forward.

Major companies operating in the market are focused on developing innovative products, such as Apex Pro Series golf irons, to enhance their product offerings and gain a competitive advantage. The Apex Pro Series golf irons are known for being designed with a focus on providing a combination of performance and feel that appeals to skilled golfers. For instance, in August 2023, Topgolf Callaway Brands Corp., an US-based sports equipment manufacturing company, launched the Callaway Apex Pro Series, including the Apex CB and MB irons, designed to meet the demands of elite golfers. The Apex Pro irons feature a hollow body design with two different faces, while the Apex CB and MB irons are single piece forged models made of carbon steel, with the CB incorporating tungsten toe weighting for better balance and performance. These irons combine technology and craftsmanship to enhance performance and feel on the golf course for elite players.

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Major Key Players of the Market:

Decathlon SA, Compagnie Financiere Richemont SA, The Lego Group, Hasbro Inc., Mattel Inc., Tiffany & Co., Pandora A/S, Newell Brands Inc., Berkshire Hathaway Inc., 3M Company, Kimberly-Clark Corporation, Procter & Gamble Co., Johnson & Johnson, General Electric Company, Siemens AG, Sony Corporation, Samsung Electronics Co. Ltd., LG Corporation, Nestle SA, The Coca-Cola Company, PepsiCo Inc., Unilever plc, The Hershey Company, Mondelez International Inc., Kellogg Company, Campbell Soup Company, Colgate-Palmolive Company, The Clorox Company, The Goodyear Tire & Rubber Company, Whirlpool Corporation, Electrolux AB, Nike Inc., Adidas AG, Under Armour Inc., VF Corporation, Levi Strauss & Co., The Gap Inc., Hanesbrands Inc., Ralph Lauren Corporation, PVH Corp.

General Manufactured Goods Market 2024 Key Insights:

• The general manufactured goods market size is expected to see strong growth in the next few years. It will grow to $1493.48 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%.
• Surge In Household Income Expected To Drive Growth In The General Manufactured Goods Market.
• Innovative Apex Pro Series Golf Irons Enhance Competitive Edge In The Market
• Asia-Pacific was the largest region in the general manufactured goods market in 2023

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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

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Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Learn More About The Business Research Company

The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

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