business predictions for 2024 | Future timeline
Read business predictions for 2024, a year that will see the business world transform in ways that will impact a wide range of sectors—and we explore many of them below.
Quantumrun Foresight prepared this list; A futurist consulting firm that uses strategic foresight to help companies thrive from future trends. This is just one of many possible futures society may experience.
business forecasts for 2024
- OPEC expects a global oil demand growth of 2.2 million barrels per day (bpd). Likelihood: 65 percent.1
- IEA anticipates slowing global demand for oil at 900,000 barrels per day (bpd) from 990,000 in 2023. Likelihood: 65 percent.1
- The aviation industry fully recovers from the COVID-19 downturn. Likelihood: 85 percent.1
- Global production of farmed shrimp grows 4.8 percent. Likelihood: 65 percent.1
- Global computer chip sales rebounds to a 12 percent growth. Likelihood: 70 percent.1
- Half of successful companies in Asia-Pacific meaningfully reports their carbon footprint. Likelihood: 70 percent.1
- Global imports of LNG increases by 16%. Likelihood: 80 percent.1
- Middle East airlines rebound to pre-pandemic levels. Likelihood: 80 percent.1
- Swedish truck maker Scania and H2 Green Steel start producing trucks with fossil-free steel before moving the entire production to green steel in 2027–2028. Likelihood: 70 percent1
Forecast
In 2024, a number of business breakthroughs and trends will become available to the public, for example:
- The US is now the world’s biggest export of liquified natural gas (LNG). Likelihood: 70% 1
- Thanks to fracking technology, the US’ oil output overtakes OPEC this year. Likelihood: 80% 1
- Over 50 percent of corporate Canada now uses alternative legal service providers for litigation support. Likelihood: 80% 1
Prediction
Business related predictions due to make an impact in 2024 include:
Discover the trends from another future year using the timeline buttons below
