Industry Outlook

Industry development across the world

Methodology

The historical data for every industry were gathered from the national statistical offices of every country.

The future trends of national industries are based in part on economic trends in each country and in part on industry-specific trends. The Statista model for each country’s development is derived from data provided by the World Economic Outlook Database (WEO) of the International Monetary Fund, the prognoses of the OECD and the European Commission’s Business Confidence Surveys.

The development of industries is based on historical developments within each industry as well as major drivers in the respective country. Statista has identified crucial market drivers, which serve as a basis for reliable market data updates and the modeling of future industry trends. Depending on the availability of historical data and on the individual drivers, we develop regression models and update trends accordingly. Most important statistical series have been checked for plausibility and approved by experts.

Industry Outlook: Industry forecast and statistics

Our Approach

We combine the benefits of extensive data research and trend analyses:

Market research & monitoring
Data cleaning & standardization
Determining market impact
Trend analyses & forecasting

Market analyses and forecasts

We provide independent, realistic, and consistent market sizes and forecasts using data-focused analyses and multi-causal models based on the latest findings from economic and innovation research.

Our data sources

Our forecasts are based on three types of relevant industry data:

Data from statistical institutions
Macroeconomic indicators
Analyst validation

Comparability and performance indicators

Continuous market monitoring allows us to detect and consider relevant changes along the value chains.

FAQs

General

Who can access the Industry Outlook?
The Industry Outlook data is included in all Statista Corporate & Enterprise Accounts with ongoing contracts. Get more information.
Can I download the data?
The download will be made available shortly. Then you can download the data about separate countries as an Excel or PDF file. Single graphs are already available for download as PNG files. Download buttons can be found on the top right of the page as well as in the box diagrams in the lower left corner.
When is the data updated?
Updates for each market are provided once a year. In some cases, the data for individual markets is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes have occured within the market which have impact on the projected development).
A time stamp at the bottom of each diagram shows the latest available update. Update cycles vary from market to market in terms of data availability.
Will there be more countries in the future?
Yes, new countries will be added throughout the year 2020. There is no release schedule yet. Please feel free to contact us for further information.

Data & Methodology

How are the markets defined?
All markets are defined at the beginning of each content page. In most cases definitions are based on the UN ISIC system or a mapping of local classification systems to the ISIC system.
How reliable are your forecasts?
The accuracy with a sample of the most recent data in 2017 was at about 92% for more than 8.000 industries in Europe. “Accuracy” here is defined as 1-MAPE (Mean absolute percentage error).

Technical Questions & Support

What currency rates are used for the forecasts?
All monetary data is standardized to USD values to allow further calculation. For the USD to EUR or GBP conversion, the average exchange rate of the first year shown in the timeline is used and is assumed to be constant for the forecast period. This is done in order to avoid projecting exchange rate deviations into the general market dynamics. The source for the historical data is oanda.com.
Whom do I contact if I have feedback or questions regarding the content of the Industry Outlook?
For all support requests regarding our content, please get in touch with our customer support. The request will be immediately forwarded to the responsible market analyst, who can give you relevant feedback.
Whom do I notify about technical errors?
Please make sure that you are logged in with a Statista Corporate or Enterprise Account to have full access to Industry Outlook features. For all technical support requests, please get in touch with our customer support. The request will be immediately forwarded to our IT department, which will fix errors as soon as possible.