North American manufacturing is at a crossroads. New job announcements slowed in 2024, but activity remains historically high, with clean energy projects now making up a larger share. This year’s report expands to include Mexico and Canada, where Mexico’s rapid nearshoring growth and Canada’s role in reshoring are reshaping the landscape. Looking ahead, protectionist policies and the upcoming U.S. election could further impact trade and investment strategies across the continent.

Click here to explore the 2024 Savills Manufacturing Report for the latest insights on North American industry.