Increasing tensions in the global scale, have seen some countries increase their defence budgets. China, for example, increased its defence budget by 7% from 2016 to 2017.
Commercial aerospace is expected to continue its trend of growing at a rate greater than the sector average. This trend is driven by increasing air passengers lured by cheap fares and shorter flight times. Furthermore, busier flight schedules are leading to an accelerated equipment replacement cycle.
Tumbling oil prices forced many upstream and downstream firms to shift towards shorter term projects. This allows companies to protect against further project cancellations in the event of another downturn.
Data compiled by KPMG has shown that, over the past two years, 87% of manufacturing companies have taken steps to expand into new geographies. Furthermore, 92% said that they planned to do so over the next two years. This might be a sign that political uncertainty is not having as much of an effect on the engineering sector as it has with other sectors.
Companies that focus on the research and development of, or production of, environmentally friendly products can increase their market share quickly, as worldwide governmental policy is beginning to force the issue. Furthermore, the world’s use of fossil fuels is constantly under scrutiny, with many countries now providing tax breaks for environmentally friendly cars.
Under the Industrials Sector, we serve the below sub-sectors:
- Automotive Industries
- Natural Resources and Energy
- Aerospace & Defense
- Building Products
- Industrial Machinery & Equipment
- Industrial Technology
- Paper & Packaging
- Plastics & Chemicals