Manufacturing

Top 5 Trends in the US Manufacturing Industry for 2024

The US manufacturing industry -- battered by the sudden shock of state-sponsored Chinese competition – has been undergoing a revival powered by its two distinctive advantages, innovation and resourcefulness. We list below in reverse order of importance the top five trends affecting the industry in 2024. (We earn no compensation from the links herein.)

5. Reshoring/Nearshoring

Manufacturers are increasingly favoring the use of factories based in the US or in nearby Mexican and Canadian locations in order to reduce dependency on distant, complex and less reliable supply chains, a vulnerability aggravated by just-in-time inventory (JIT) management. Reshoring also assures tighter quality control. The trend has accelerated in recent years due to disruptions caused by pandemics, port strikes, natural disasters and persistent Chinese IP theft.

4. Advanced Manufacturing

While expensive and therefore a barrier to entry for some, integrating robotics and automation into manufacturing processes boosts productivity, precision, flexibility, efficiency and safety.
  • FANUC: Leading supplier of advanced manufacturing robots.
  • Rockwell Automation: Control and information solutions used in robotic manufacturing.

3. Industrial Internet of Things (IIoT)

IIoT connects myriad sensors on the production line to data processors in order to facilitate real-time process monitoring, maintenance, and optimization.
  • Siemens: IIoT solutions used by manufacturers to digitize and optimize manufacturing operations.
  • PTC: IIoT platforms used to collect and analyze manufacturing data in real-time.

2. Sustainable Manufacturing

Because manufacturers make things, they come under more regulatory heat than any other industry except maybe finance. So they must constantly focus on ways to reduce environmental impact via energy efficiency, waste reduction and the use of renewable resources. To a lesser extent consumers exert some pressure on them for green products.
  • Tesla: The EV manufacturer -- walking like it talks – is at the forefront of sustainable manufacturing practices, using where possible renewable energy and novel recycling processes.
  • 3M: Implements various sustainability initiatives, reduces waste and emissions, and uses renewable energy.

1. Additive Manufacturing (3D Printing)

Traditional manufacturers create shapes by subtracting or bending a limited selection of material to form finished products. Additive manufacturers create shapes by adding layers from among a great variety of materials, a process automated by computer. Use of 3D printing is the most impactful manufacturing trend of 2024 due to its ability to create complex, one-off parts en mass. The tech reduces waste, shortens production times, enables highly flexible manufacturing processes and sometimes generates products otherwise impossible to make.
  • Stratasys: Leader in advanced 3D printing solutions.
  • Desktop Metal: 3D metal printing technologies that enable both rapid prototyping and scalable production.
A Kuhn Capital team member initiated the sale of women's clothier Lilly Pulitzer to Sugartown Worldwide
Bell Industries, a recreational vehicle manufacturer, retained a Kuhn Capital team member to provide a fairness opinion
Pollution controls manufacturer Cemtrex retained a Kuhn Capital team member to provide strategic advisory services
Leading brake manufacturer Motor Wheel retained a Kuhn Capital team member to initiate its acquisition by STEMCO
$200,000,000
Leading terminal truck manufacturer Ottowa Truck retained a Kuhn Capital team member to initiate its acquisition by SISU
$35,000,000
A Kuhn Capital team member provided strategic advisory services to Stern EWS, manufacturer of durable specialty fabrics
PVC products manufacturer Bercon Packaging retained a Kuhn Capital team member to initiate its acquisition by Carlisle Plastics
$30,000,000
Consumer products vendor PPE retained a Kuhn Capital team member to initiate its sale to P&G
$200,000,000
Modular home manufacturer All American Home retained Kuhn Capital team members to initiate a capital raise from Hunting Dog Capital
$7,500,000
Modular home manufacturer Excel Homes retained Kuhn Capital team members to initiate a capital raise from Hunting Dog Capital
$7,500,000
Modular home manufacturer Keiser retained Kuhn Capital team members to initiate a capital raise from Hunting Dog Capital
$7,500,000
Modular home manufacturer Modukraf retained Kuhn Capital team members to initiate a capital raise from Hunting Dog Capital
$7,500,000
Essex Chemical retained a Kuhn Capital team member to initiate its acquisition by Dow
$366,000,000
Petroleum storage vendor Pasadena Tank retained a Kuhn Capital team member to initiate its acquisition by HMT
$85,000,000
Apex Group, printing machine parts manufacturer, retained a Kuhn Capital team member to provide strategic advisory services across global markets