ANALYSIS: These Target Industries Show Promise for M&A in 2024

Nov. 6, 2023, 2:00 AM UTC

In an otherwise down year for global M&A deal activity thus far, some industries—like energy and biotechnology—have made headlines for their deals, which defy the trends seen in the global M&A market.

As we head into 2024, look for certain industry sectors and some of their subsectors to likewise diverge from the global market and see increased deal activity, while others tackle a prolonged slowdown in dealmaking.

Recent Industry Sector M&A Performances

The top five target industry sectors by global M&A deal volume for 2023 through Oct. 31 are:

  • consumer, noncyclical ($453.4 billion);
  • financial ($436.5 billion);
  • energy ($333.1 billion); ...

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