Manufacturing is a vital part of Maryland’s economy, contributing $25.4 billion to the state’s Gross Domestic Product (GDP) in 2020. This sector has seen growth in recent years, with exports totaling $9.74 billion in 2019. Maryland’s top five export markets are Canada, France, Netherlands, Japan, and Saudi Arabia.
Maryland’s manufacturing sector provides jobs for over 190,000 people and supports thousands of businesses across the state. The industry is diverse, spanning everything from aerospace and defense to food processing and pharmaceuticals.
The future looks bright for Maryland’s manufacturing sector. In 2020, the state received over $2.5 billion in federal contracts for manufactured products, up from $2.4 billion in 2019. These contracts are a testament to the quality of Maryland’s products and the skill of its workforce.
Maryland is a great state for manufacturers. The region offers plenty of resources and a skilled workforce. This has helped attract some of the top industrial companies in the country.
If you’re looking for quality, innovative manufacturing, these 10 companies should be at the top of your list.
1. Lockheed Martin
This leading defense contractor is responsible for some of the most advanced aircraft in the world, including arms, information security, and technology. They have a large presence in Maryland and employ thousands of workers.
2. Northrop Grumman
Another major defense contractor, Northrop Grumman, is responsible for developing some of the most sophisticated weapons systems in use today. They have a significant presence in Maryland and are a driving force behind the state’s economy.
IBM is one of the largest technology companies in the world. IBM reported earnings of $5.6 billion, with an annual revenue of $73.6 billion. They have a large presence in Maryland, where they employ thousands of workers in their various facilities.
Bayer is a major pharmaceutical company with a large presence in Maryland. They are responsible for developing many life-saving medications and employing thousands of workers in the state.
GE is one of the largest conglomerates in the world. They have a significant presence in Maryland, where they employ thousands of workers in their various divisions.
MedImmune is a leading biotechnology company with a large presence in Maryland. They are responsible for developing many life-saving vaccines and employing thousands of workers in the state.
7. McCormick & Company
McCormick is a major spice producer with a large presence in Maryland. They are responsible for developing many of your favorite seasonings and employing thousands of workers in the state.
8. Marriott International
Marriott is one of the largest hotel chains in the world. They have a significant presence in Maryland, where they employ thousands of workers in their various properties.
9. Cordish Companies
The Cordish Companies are one of the largest developers in the country. They have a significant presence in Maryland, where they are responsible for many of the state’s most notable developments.
10. Under Armour
Under Armour is one of the leading sports apparel companies in the world. They have a large presence in Maryland, where they are responsible for developing many of the state’s most popular sports teams’ uniforms.
These are just a few of the leading industrial companies in Maryland. If you’re looking for quality manufacturing, these are some of the best places to start.
How Do Manufacturing Businesses Scale Their Business
When it comes to scaling a manufacturing business, there are a few key things to consider. The most important factor is making sure you have the right equipment in place. This includes high-quality robots, machinery, and automation. If you can afford it, investing in this type of equipment is definitely a wise decision. It will help you increase production when needed and outperform your competition.
Of course, scaling a manufacturing business isn’t always easy. There are a lot of factors to consider, and it can be expensive to upgrade your facilities and equipment. But if you want to grow your business, you must take the necessary steps. And with the right equipment in place, you’ll be able to achieve success. Many businesses turn to manufacturing inventory software to help them scale their business and manage increased workloads and communication between different departments regardless of where they’re located around the world.