Global Industrial Trends

February 2023

This report provides a global overview of industrial trends from 2022 through to 2027 for the key manufacturing and service sector industries. Insights analyse long-term global trends that can help businesses adapt to changes in the production and supply network, and identify business opportunities.

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This report comes in PPT.

Key Findings

Managing price pressures

High prices of commodities and energy resources, higher interest rates and labour market problems continue to add to the inflationary pressures and challenge businesses. Due to higher costs, companies will face pressures on profit margins while weaker global economic growth and consumer spending are likely to limit investments and production expansion.

Digital transformation

To enhance operational efficiency, manufacturers are expected to increase investment in new technologies and digitisation. Use of the Internet of Things (IoT), data analytics, cloud computing, artificial intelligence, robotics, additive manufacturing and 5G networks will help to improve supply chain management and rearrange industrial processes in more flexible ways.

Supply chain optimisation

Companies are aiming to make their supply and production networks more resilient. Investment in digital supply chain management tools, and diversification of the supplier pool is expected to increase flexibility and reduce costs. Meanwhile, production localisation is forecast to increase in critical industries to prevent future risks and disruptions.

Sustainable manufacturing

Changes in legislation and consumer preferences put pressure on companies to meet sustainability goals. Companies across various industries are forecast to increase investments into sustainable production to meet their sustainability targets. Moreover, companies are increasingly prioritising environmental, social and governance (ESG) policies and practices in response to the rapidly rising importance of ESG principles and issues.

Scope
Key trends in brief
Global industrial snapshot
Construction and services sectors lead by production value
Exports recover from the pandemic but are likely to face slower future growth
Asian countries forecast to drive production value growth expansion by 2028
Services sectors are forecast to drive production value growth
Global snapshot of the agriculture industry
Global outlook of the agriculture industry
Global snapshot of the food, beverages and tobacco industry
Global outlook of the food, beverages and tobacco industry
Global snapshot of the hi-tech goods industry
Global outlook of the hi-tech goods industry
Global snapshot of the transport equipment industry
Global outlook of the transport equipment industry
Global snapshot of the chemical products industry
Global outlook of the chemical products industry
Global snapshot of the machinery industry
Global outlook of the machinery industry
Global snapshot of the textiles and leather industry
Global outlook of the textiles and leather industry
Global snapshot of the pharmaceuticals and medical equipment industry
Global outlook of the pharmaceuticals and medical equipment industry
Global snapshot of the information and communications industry
Global outlook of the information and communications industry
Global snapshot of the construction and real estate industry
Global outlook of the construction and real estate industry
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