The Business Research Company’s latest report General Manufacturing Global Market Report 2020 covers General Manufacturing market drivers, General Manufacturing market trends, General Manufacturing market segments, General Manufacturing market growth rate, General Manufacturing market major players, and General Manufacturing market size. The report provides in-depth analysis of the impact of COVID-19 on the General Manufacturing industry, along with revised market numbers due to the effects of the coronavirus.
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General Manufacturing Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The global general manufacturing market is expected to decline from $846.1 billion in 2019 to $818.6 billion in 2020 at a compound annual growth rate (CAGR) of -3.3%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 7% from 2021 and reach $981.2 billion in 2023
The global general manufacturing market is segmented by type into jewelry and silverware manufacturing, sporting and athletic goods manufacturing, doll, toy, and game manufacturing, office supplies (except paper) manufacturing, sign manufacturing, all other miscellaneous manufacturing. Subsegments covered are jewelry manufacturing, silverware manufacturing, fishing equipment, skating and skiing equipment, golf equipment, other sporting equipment, electronic toys, non – electronic toys, traditional billboards and signs, digital billboards and signs, other sign manufacturing, gasket, packing, and sealing device manufacturing, musical instrument manufacturing, fastener, button, needle, and pin manufacturing, broom, brush, and mop manufacturing, burial casket manufacturing, others – all other miscellaneous manufacturing.
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