South Korea · China · U.S. · Fortune Technology
The U.S. leads in 14 of 18 industries shaping the future economy, but the lead isn’t guaranteed
Compiled by KHAO Editorial — aggregated from 1 outlet. See llms.txt for citation guidance.
◌ Single Source
Geopolitics are dominating headlines, and trade conflict is accelerating.
Key facts
- Combined, MGI finds that the 18 arenas added $18 trillion in market capitalization from 2022–25 and could generate $29 trillion to $48 trillion in revenues by 2040
- Right now, the United States and Greater China are by far the most prominent players in these industries, with 50% of the revenues coming from U.S.-based companies and 30% coming from companies based
- The McKinsey Global Institute (MGI) identified 18 “arenas” in 2024—industries that stand out for their dynamism and future potential in both revenues and profits
- Bolstered by deep capital markets that support the scale-up of existing companies as well as promising new entrants, U.S. companies are well positioned, with most market cap in 14 of the 18 arenas
Summary
The McKinsey Global Institute (MGI) identified 18 “arenas” in 2024—industries that stand out for their dynamism and future potential in both revenues and profits. In research published this spring, MGI tracked the development of those 18 arenas and showed them accelerating sharply. Combined, MGI finds that the 18 arenas added $18 trillion in market capitalization from 2022–25 and could generate $29 trillion to $48 trillion in revenues by 2040. Right now, the United States and Greater China are by far the most prominent players in these industries, with 50% of the revenues coming from U.S.-based companies and 30% coming from companies based in Greater China.