Industrial laser light


Industrials M&A update: Q4 2023

Despite ongoing challenges in the automotive industry, government initiatives such as the CHIPS Act and the Inflation Reduction Act are likely to bolster domestic semiconductor production and support the growth of EV sales.

Industrial trends

  • Automotive
    Electric Vehicle (EV) sales for both volume and market share grew in Q4 2023, with sales reaching 52.0% higher than in Q4 2022.1
  • Engineering and construction
    Total engineering and construction spending for the US is forecasted to end 2023 up 5.0%, compared to up 12.0% in 2022, as residential construction spending drops.2
  • Distribution, transportation, and logistics
    Third-party logistics providers have begun investing more capital into their technology offerings than shipment companies.3
  • Metal, plastics, and paper packaging
    The focus on sustainability is expected to continue to drive packaging innovation in 2023.4
  • Specialty channels
    In the ongoing evolution of the US chemical sector, marked by portfolio realignments, supply chain refinements, and progressive material breakthroughs, 2023 has primed the arena for a significant shift in the materials landscape.5

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