Keywords: Aerospace & Defense, Automotive, Electronics & Electrical, Semiconductors, Food & Beverage, Pharmaceuticals, Chemicals, Metals & Mining, Oil & Gas, Pulp & Paper, Utilities.
Depending on the industry, the outlook for 2014 is either bright or gloomy. In the current situation, individual regions and industries have strong impact as the world economy does not appear to have a clear upward or downward trend.
Capital expenditures in the automotive and aerospace & defense industries were strong in 2013. While automotive will continue its upward trend throughout 2014, the aerospace & defense industry is expected to contract in 2014 and beyond before returning to a growth path. Investments in electronics & electrical contracted in 2013 but while ARC expects these investments to increase next year, semiconductor investment won't pick up until 2015-2016.
For discrete manufacturing in general, we expect a strong 2014-2015, but investment increases will not equal the 2008 boom year.
The hybrid industries in general should follow a clear growth path until 2018. However, the food & beverage industry is currently in a trough and will probably not crawl out of it until late 2014. In contrast, capital expenditure growth for the pharmaceutical industry should remain stable.
The process industries experienced the strongest growth in capital expenditure, where the expansion of China made investments necessary and high prices enabled companies to finance large investments.
Table of Contents
Aerospace & Defense
Electronics & Electrical
Food & Beverage
Metals & Mining
Oil & Gas
Pulp & Paper
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