Industry outlook 2024 (2024)

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A report by EIU

The past few years have been turbulent for most companies as the pandemic, soaring commodity prices, high interest rates and political disruption resulted in profits for many and bankruptcy for some. Will conditions stabilise in 2024?

Our annual industry trends and outlook report provides businesses with foresight of the critical global events and threats that will affect their sector in the coming year.

Learn more about the outlook for the energy, finance, telecoms, automotive, consumer goods and healthcare sectors with our in-depth industry research and insights.

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Industry outlook 2024 (1)

Energy industry outlook 2024

Global energy consumption will grow by 1.8% in 2024, largely driven by strong demand in Asia. Despite still-high prices and unsolved supply chain disruptions, demand for fossil fuels will reach record levels, but demand for renewable energy will rise by 11%. Learn more with our energy industry forecasts.

Industry outlook 2024 (2)

Finance industry outlook 2024

High interest rates will determine the success or failure of almost every part of the financial services sector in 2024. Though painful for borrowers, banks will enjoy strong net interest margins and industry growth next year.

Industry outlook 2024 (3)

Telecoms and technology industry outlook 2024

Geopolitics will continue to affect the technology industry outlook in 2024. The tech battle between the US and China will persist in areas including artificial intelligence (AI), chips and quantum technologies. AI will receive increasing investment, but will encounter geopolitical and regulatory challenges.

Industry outlook 2024 (4)

Automotive industry outlook 2024

The automotive industry will face another subdued year in 2024, weighed down by slow consumer spending, high interest rates and disruption to supply chains due to geopolitical tensions. The only bright spot will be the electric vehicles market, with sales expected to soar by 21% as governments and consumers try to mitigate the worsening effects of climate change. Learn more from our automotive industry overview.

Industry outlook 2024 (5)

Consumer goods and retail industry outlook 2024

A slowdown in inflation will bolster retail industry volume growth by 6.7% in US dollar terms and 2% in volume terms in 2024. However, reduced savings and high food prices, worsened by the effects of climate change, will act as dampeners.

Industry outlook 2024 (6)

Healthcare industry outlook 2024

A recovery in the global economy will cause a return to spending growth in the healthcare sector. However, it will remain vulnerable to headwinds, including limited resources, stricter regulations and continued strikes.

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Industry outlook 2024 (7)

Country Analysis

Preparing you for what’s ahead

Understand the political, policy and economic outlook with EIU’s award-winning forecasts, analysis and data. Our Country Analysis service examines the global dynamics that affect your organisation, empowering you to plan for the future.

Industry outlook 2024 (8)

Operational Risk

Identify, compare and mitigate risk across 180 markets

Plan effectively with EIU’s expert analysis and data on the risk factors affecting your strategy, including current and future threats to cyber-security, political stability and climate-change management.

Industry outlook 2024 (9)

Speaker Bureau

Book the experts behind the award-winning forecasts

Empower your company with insights from EIU’s country and industry specialists. Our analysts can be booked for virtual and in-person events, internal training or decision-making meetings.

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EIU’s industry specialists discuss the growth prospects, risks and major trends facing six important industry sectors in 2024.

Industry outlook 2024 (2024)
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