Industries of The Secondary Sector of the Economy
Secondary industry is defined as the industry that deals with the raw materials effectively collected by the primary industry so that they can convert them into finished products.These finished goods are in turn sold by Tertiary industries in the consumer market. In an economy, the industrial sector is dominated by producing and manufacturing of finished products.
A secondary industry is an industry that takes raw materials as input and creates finished products as output. This can be contrasted with primary industries that produce raw materials and tertiary industries that produce services. A large secondary industry is characteristic of an industrial economy. The following are illustrative examples of a secondary industry.
The Aerospace & Defense Industry serves, as its name represents, two main markets: Aerospace, which largely comprises the production, sale, and service of commercial aircraft. And Defense, which is dependent on the nation’ s need for military weapons and systems designed to operate on land, sea, and in the air. Also included in this industry is the production of general aircraft. Space industry refers to economic activities related to manufacturing components that go into Earth’s orbit or beyond, delivering them to those regions, and related services.
Automotive industry, all those companies and activities involved in the manufacture of motor vehicles, including most components, such as engines and bodies, but excluding tires, batteries, and fuel. The industry’s principal products are passenger automobiles and light trucks, including pickups, vans, and sport utility vehicles. Commercial vehicles (i.e., delivery trucks and large transport trucks, often called semis), though important to the industry, are secondary.
The construction of houses, buildings and other structures such as transportation infrastructure. Construction is one of the oldest professions as people have been building shelters and structures for millennia. However the industry has evolved quite a bit in the way they design, plan, and build structures. For decades, technology has been used in the construction industry to make jobs more efficient and construction projects and structures safer.
Food and beverage industry is the most desired industry after the food industry, of the modern civilized people. Such an industry like a food and beverage industry is mostly wanted nowadays has been wanted along with the food industry since the very earlier stage of civilization.
The production of physical products such as vehicles, furniture and housewares. Manufacturing is often done at scale in large, highly automated factories that are able to deliver a low unit cost.
The oil & gas industry is broken down into three segments: upstream, midstream, and downstream. Upstream, or exploration and production (E&P) companies, find reservoirs and drill oil and gas wells. Midstream companies are responsible for transportation from the wells to refineries and downstream companies are responsible for refining and the sale of the finished products.