Leading Growth Driver in the General Manufactured Goods Market in 2025: Surge In Household Income Expected To Drive Growth In The General Manufactured Goods Market. Driver’s Influence

How large is the general manufactured goods market, and what is its growth trajectory?

The general manufactured goods market size has grown strongly in recent years. It will grow from $954.97 billion in 2024 to $1023.42 billion in 2025 at a compound annual growth rate (CAGR) of 7.2%. 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 $1309.57 billion in 2029 at a compound annual growth rate (CAGR) of 6.4%. 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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What are the key forces behind the general manufactured goods market's growth in recent years?

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. For instance, in September 2024, according to an article published by the Office of National Statistics, a UK-based executive office of the Statistics Authority published an article that said, in 2022, the UK saw a 6.3% increase in gross disposable household income (GDHI) compared to 2021. Thus, a rise in household income is driving the growth of the general manufactured goods market.

What are the major segments of the general manufactured goods market?

The general manufactured goods market covered in this report is segmented –

1) By Type: Jewelry And Silverware, Sporting And Athletic Goods, Doll, Toy, And Game, Office Supplies (except Paper), Sign, All Other Miscellaneous Manufactured Goods

2) By Distribution Channel: Hyper market/Super market, Convenience/Departmental Store, Specialty Store, Online Store, Other Distribution Channels

Subsegments:

1) By Jewelry And Silverware: Fine Jewelry (Gold, Platinum, Diamonds), Costume Jewelry, Watches And Timepieces, Silverware (Cutlery, Serving Utensils, Decorative Items), Engagement Rings And Wedding Bands

2) By Sporting And Athletic Goods, Doll, Toy, And Game: Sporting Goods (Fitness Equipment, Outdoor Sports Gear, Exercise Machines), Athletic Apparel And Footwear, Dolls And Action Figures, Toys (Educational, Board Games, Plush Toys, Electronic Toys), Video Games And Gaming Consoles, Sports Equipment (Balls, Rackets, Helmets, Protective Gear)

3) By Office Supplies (Except Paper): Writing Instruments (Pens, Markers, Pencils), Office Furniture (Desks, Chairs, Filing Cabinets), Stationery (Folders, Binders, Notebooks, Staplers), Computer Accessories (Keyboards, Mice, Monitors), Printing And Labeling Equipment, Office Organization Tools (Calendar, Organizers, Whiteboards)

4) By Sign: Outdoor Signs (Billboards, Wayfinding Signs, Directional Signage), Indoor Signs (Advertising, Safety Signs, Directional Signage), Digital Signage (LED, LCD, Projection-Based), Neon Signs, Custom Signage (Business Logos, Event Signage), Vehicle Wraps And Graphics

5) By All Other Miscellaneous Manufactured Goods: Hand Tools And Power Tools, Household Appliances (Kitchenware, Vacuums, Air Conditioners), Personal Care Products (Cosmetics Packaging, Grooming Tools), Medical Devices (Surgical Instruments, Diagnostic Tools), Furniture And Home Décor Items, Decorative Items (Candles, Frames, Ornaments)

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Which companies dominate the general manufactured goods market?

Major companies operating in the general manufactured goods market include 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.

What major trends will shape the general manufactured goods market during the forecast period?

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.

What are the key regional dynamics of the general manufactured goods market, and which region leads in market share?

Asia-Pacific was the largest region in the general manufactured goods market in 2023. Western Europe was the second largest region in the general manufactured goods market. The regions covered in the general manufactured goods market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Does The General Manufactured Goods Market Report 2025 Offer?

The general manufactured goods market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.

General manufactured goods refer to a wide range of products created through industrial processes, typically involving the use of raw materials, machinery, and labor. These goods are produced in factories and distributed for consumer or industrial use. Manufactured goods play a vital role in the economy, contributing to trade, employment, and daily life across various sectors.

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