Digitisation of supply and production chains, rising e-commerce, production localisation and sustainability pressures will shape the future of the industrial sector. Growth in global production value is forecast to grow to reach USD268 trillion in 2030. Asia Pacific will remain the largest region, accounting for 45% of global production value, while pharma and hi-tech goods are forecast to be the best performing industrial sectors.
Global production value is forecast to recover from the COVID-19 shock and return to steady growth during the period 2021-2030. The recovery will be associated with middle class expansion in emerging markets, government investment in infrastructure projects and recovery in the B2B segment.
Asia Pacific is forecast to remain the largest region globally by production value, and increase its global share slightly by 2030. Growth in consumer incomes and exports is set to support production value growth in the region’s largest economies, namely China, India and Japan.
Companies are expected to increase investment in new technologies and digitisation after the COVID-19 pandemic. To shield themselves from similar risks in the future, manufacturers are anticipated to increase investment in production automation and digital tools that can help to comply with new health measures and increase operational flexibility.
B2B e-commerce sales are forecast to more than double over the period 2019-2030. Changing consumer preferences and the growing need to invest in new sales channels post-COVID-19 pandemic will drive growth.
To better shield themselves from future risks, companies are expected to increase production localisation of critical components. Production localisation will mainly affect industries providing critical components, such as food products and pharmaceuticals, as well as industries with long supply chains.
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