Although many associate manufacturing with America’s heartland, both Massachusetts and Connecticut have robust hubs of industry, critical to the success of communities, businesses, and individuals alike.
For industrial professionals to accurately manage their business and ensure long-term stability and success, they need valuable, accurate information at their disposal — concrete data on sourcing and purchasing trends for their specific regions. This type of location-specific sourcing information allows managers and business owners to see exactly what sourcing professionals are looking for, what they’re buying, and how they’re buying it.
Connecticut Manufacturing: By the Numbers
In Connecticut, manufacturing trends illustrate the importance of industry for the state. The following statistics, taken from National Association of Manufacturers annual reports, put this into perspective:
- 4,000 — Number of manufacturers in Connecticut as of January 2018
- 160,000 — Number of manufacturing employees in the state as of January 2018
- 10.8%+ — Portion of Connecticut’s GDP generated by manufacturing as of January 2018
- 9.5% — Portion of the state’s workforce employed in manufacturing jobs as of January 2018
- $28.52 billion — Total output produced from manufacturing in 2016
The state’s top sectors, listed in descending order, include:
- Aerospace/other transportation equipment
- Chemical products
- Fabricated metal products
- Electrical equipment and appliances
- Computer/electronic products
- Machinery
- Plastic and rubber
- Primary metals
Massachusetts Manufacturing: By the Numbers
Massachusetts manufacturing trends reveal a similarly robust industrial landscape. The following stats, also provided by the National Association of Manufacturers, reveal just how much the state depends on the manufacturing sphere.
- 6,269 — Number of manufacturing firms in the state as of 2015
- 250,500 — Number manufacturing firms in Massachusetts as of 2016
- 10% — Portion of total output in the state as of 2016
- 7% — Portion of the state’s workforce employed in manufacturing jobs as of 2016
- $48.75 billion — Total output from manufacturing in Massachusetts as of 2016
The state’s top sectors, listed in descending order, include:
- Computer/electronic products
- Chemical products
- Fabricated metal products
- Machinery
- Plastics/rubber products
- Printing
- Electrical equipment
- Appliances
Studying the Stats
Manufacturing serves as a critical component of both of these states’ workforces and communities; understanding the unique sourcing trends of each region can be hugely valuable for today’s forward-thinking industrial professionals.
Two upcoming Thomas for Industry events will delve into these specifics, presenting regional sourcing trends and giving attendees the information they need to make better business decisions. Armed with this tailored information, manufacturing companies can make informed, strategic decisions based on the purchasing habits of their target customers, allowing for savvier, audience-targeted tactics and better insight into lead-generating opportunities.
Using only national sourcing data provides a broad view — only one part of a multifaceted picture. The hyperlocal data presented at Thomas for Industry gives business owners and managers the detailed, accurate information they need to fully understand the needs and goals of regional purchasing professionals.
Register Today
Ready to put this valuable data to use in your industrial business? Register today to reserve your seat.
To sign up for the Thomas for Industry event in Hartford, Connecticut, taking place Wednesday, October 10, at the Hartford Marriott Downtown, complete the registration form here.
To sign up for the Thomas for Industry event in Marlborough, Massachusetts, taking place Thursday, October 11, at the Best Western Royal Plaza Hotel & Trade Center, complete the registration form here.