Press release
Blockchain in Manufacturing Market: A Skyrocketing $3297.77 Billion Industry by 2029 with a CAGR of 66.6%
Blockchain in Manufacturing Market
Efficiencies delivered by blockchain in manufacturing, ranging from enhanced supply chain visibility to secure transaction management, are proving catalysts for a staggering projected CAGR of 66.6%.
What Is The Projected Market Size Of The Global Blockchain in Manufacturing Market And Its Growth Rate?
The rapidly increasing integration of blockchain in manufacturing processes has slated this market for exponential growth.
• The market size in 2024 was $248.93 billion, which advanced to $427.99 billion in 2025 with a marked CAGR of 71.9%.
• This burgeoning industry is set to increase exponentially and valued at $3297.77 billion by 2029, backed by a CAGR of 66.6%.
What Is Driving The Growth In The Blockchain in Manufacturing Market?
The overwhelming demand from diverse sectors globally is fueling the blockchain in manufacturing market's growth. Blockchain is unlocking new business models in manufacturing by enhancing process visibility right from strategic sourcing and procurement to machine-level monitoring. A key example is the rise in U.S. cryptocurrency mining operations leading to a surge in electricity demand, which thereby increases blockchain demand in multiple sectors.
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Who Are the Key Players Driving Blockchain in Manufacturing Market Growth?
Multiple key players are steering the growth of the blockchain in manufacturing market. These include:
• Advanced Micro Devices Inc.
• Amazon Web Services Inc.
• Blockchain Foundry Inc.
• CargoX Inc.
• Chronicled Inc.
• Xayn AG
• Factom Inc.
What Are The Key Trends In The Blockchain in Manufacturing Market?
Blockchain in manufacturing is witnessing multiple trends aimed at driving business value:
• Development of consortiums and industry alliances
• Blockchain usage for quality assurance and compliance
• IoT and blockchain integration
• Adoption of tokenization in manufacturing transactions
• Focus on sustainability and ethical sourcing through blockchain
What Are The Segments Of The Global Blockchain in Manufacturing Market?
The blockchain in manufacturing market segments include:
• Applications: Logistics and Supply Chain Management, Counterfeit Management, Quality Control And Compliance, Other Applications
• Component: Platform, Services
• End-Use: Energy And Power, Industrial, Automotive, Pharmaceuticals, Aerospace And Defense, Food And Beverages, Textile And Clothing, Other End-Users
Which Region Leads The Blockchain in Manufacturing Market?
Asia-Pacific was the largest region in the blockchain in manufacturing market in 2024, indicating a pivotal role in driving the industry.
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What Is Covered In The Blockchain in Manufacturing Market Global Market Report?
- Market Size Analysis: Analyze the Blockchain in Manufacturing Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Blockchain in Manufacturing Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Blockchain in Manufacturing Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Blockchain in Manufacturing Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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