Heavy Industrial Manufacturing Trends 2024
The Inflation Reduction Act and Infrastructure Investment and Jobs Act are still making waves in 2024. This analysis was prepared using Valona Intelligence's platform to give you an at-a-glance look into what's changing and how you can respond.
4 Heavy Industrial Manufacturing Trends You Need to Know in 2024
Two powerful megatrends—digitalization and sustainability—will reshape the future of the industrial manufacturing sector. This analysis delves into the four key trends driving change and innovation in heavy industrial manufacturing, and by the end of this analysis, you will have a jumping-off point to better understand the following trends:
- Deglobalization and reshoring: companies are moving their manufacturing operations back to their home countries. This is evidenced by a declining global export-to-GDP ratio.
- Electrification and low- or zero-emissions: companies are laser-focused on hitting sustainability goals, and their investment in research and equipment must match.
- Servitization: continuous, equipment-as-a-service models offer as much as 2.5 times greater operating margins compared to pure point-of-sale models.
- Autonomous machinery: technologies that allow machines to work with little human input, either by following preset instructions or using sensors and AI to make real-time decisions.
Claim your copy to learn how to navigate some of the biggest upcoming changes you’ll see in 2024 and beyond.
Ready to find your next big opportunity?
Discover key trends to track changes in industrial manufacturing throughout 2024 and beyond. Claim your copy of this trend analysis.