Trelleborg’s strategy for leading positions

Illustration of Trelleborgs four corner stones

How to deliver on the strategy

Megatrends impacting Trelleborg

Geoeconomic and political changes

World growth is moving eastward. According to the International Monetary Fund (IMF), the Asia-Pacific region accounted for nearly two-thirds of global growth in 2023. International trade connects a world in which raw materials are often extracted in one country and processed in another, before the end products are then shipped to customers across the globe. Global trade places high demands on worldwide value chains. At the same time, trade has developed in a more protectionist direction, requiring a greater local presence with production in the regions where sales are conducted. This development is also affected by a more uncertain world, where tensions between countries and regions are increasing. The world’s population is aging and for the first time more than 10 percent of the population is now over 65, thereby increasing the need for health and medical care, which is estimated to account for more than one tenth of global GDP, according to The Economist.

Resource efficiency for sustainability

The world is in the midst of a transition of major proportions to reduce climate emissions, while scarce natural resources are creating challenges. However, the pace of change in industry is high, creating a growing demand for products, services and applications that increase energy efficiency, extend service life and reduce emissions. The Paris Agreement’s goal of limiting global warming to 1.5°C requires businesses and society to think in entirely new ways. Above all, it is about improving energy efficiency and replacing fossil fuels with both renewable and fossil free energy sources. Developments in renewable energy and sustainable fuels are creating industries with new needs for applications and solutions.

Urbanization and mobility

Migration to large cities is taking place in many parts of the world and is particularly evident in emerging markets. The UN estimates that the population of the world’s cities will grow by 2.5 billion by 2050. The trend will increase the demand for more efficient cities, which will also need to adapt to mitigate the impact of climate change. This will require major investments in infrastructure, where there are currently large gaps between needs and investments. The need for mobility, for shorter distances within and between cities but also for longer trips, is expected to increase for both work and tourism. In this area, there is a rapid development of services and fuels taking place, as well as vehicles equipped with increasingly advanced self-driving technologies.

Accelerating technological development

The rapid pace of technological development in general and AI in particular will have a major impact on society as a whole and not least on industrial processes. These will be able to become more efficient and reduce their impact on the environment. At the same time, the level of automation is increasing in both industry and society. Growth in the IT sector is expected to be strong in cybersecurity, but higher demand for hardware is also expected, which will increase the need for advanced semiconductors. Digital developments are
also expected to continue to have major implications for customer offerings, sales, administration and communication.