Industrial laser light

Analysis

Industrials M&A update: Q2 2024

E-commerce is expected to remain a key driver of the logistics market as global sales are anticipated to reach $6.3 trillion.

Industrial trends

  • Automotive
    It is projected that global new auto sales will increase by 1.9% in 2024 due to lower consumer spending, especially in China and Europe.1
  • Engineering and construction
    Artificial intelligence (AI) applications will continue to emerge in the architecture and design sector, with existing design platforms such as SketchUp and AutoCAD poised for major integrations, especially with the rise of Generative AI.2
  • Distribution, transportation, and logistics
    Demand for freight services is expected to increase in 2024, as global GDP growth remains stable and the manufacturing purchasing managers’ index (PMI) has shown improvement from 2023.3
  • Metal, plastics, and paper packaging
    Consumer demand for convenience in buying food, beverages, and pharmaceuticals is expected to drive an increased consumption of portable packaging solutions for on-the-go consumption.4
  • Specialty channels
    The agrochemicals segment is expected to dominate the market demand for specialty chemicals driven by global population growth.5

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