Dublin, Aug. 29, 2023 (GLOBE NEWSWIRE) -- The "Blockchain in Manufacturing - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Blockchain in Manufacturing Market to Reach $88.5 Billion by 2030
In the changed post COVID-19 business landscape, the global market for Blockchain in Manufacturing estimated at US$1.2 Billion in the year 2022, is projected to reach a revised size of US$88.5 Billion by 2030, growing at a CAGR of 72% over the analysis period 2022-2030.
Logistics & Supply Chain Management, one of the segments analyzed in the report, is projected to record 75.3% CAGR and reach US$39.9 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Predictive Maintenance segment is readjusted to a revised 71.7% CAGR for the next 8-year period.
The U.S. Market is Estimated at $355 Million, While China is Forecast to Grow at 66.5% CAGR
The Blockchain in Manufacturing market in the U.S. is estimated at US$355 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$12.1 Billion by the year 2030 trailing a CAGR of 66.5% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 61.8% and 57.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 42.2% CAGR.
Report Overview:
The "Global Market Perspective" section presents a comprehensive analysis of the blockchain in manufacturing industry across various geographic regions including the USA, Canada, Japan, China, Europe, Asia-Pacific, and the Rest of World. It provides insights into the annual sales in US$ for different years ranging from 2022 through 2030, along with the percentage CAGR.
The analysis encompasses specific applications within the manufacturing sector such as logistics & supply chain management, predictive maintenance, asset tracking & management, business process optimization, and other applications. Moreover, the analysis delves into different end-uses including aerospace & defense, energy & power, industrial, automotive, pharmaceuticals, and other categories. Key competitors' market presence is highlighted, categorizing them as strong, active, niche, or trivial players.
The analysis provides an 8-year perspective for each application and end-use, with a percentage breakdown of value sales for the years 2023 and 2030. This section aims to offer a comprehensive view of the global blockchain in manufacturing market, its regional dynamics, and specific application and end-use trends.
What`s New for 2023?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
A selection of companies mentioned in this report includes
- Advanced Micro Devices
- Amazon.Com, Inc.
- Bigchaindb GmbH
- Blockchain Foundry Inc.
- Cargox
- Chronicled
- Electron
- Factom
- Filament
- Grid Singularity
For more information about this report visit https://www.researchandmarkets.com/r/sn0e7v
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