Any investor in the UK worth their salt will be trying to work out which industries could do well in the coming year. This allows you to identify promising ones you expect to flourish early and invest in them to get the best return possible. Whether you are a business looking to invest in stocks or a private investor, this makes sense. But which are the hottest industries which could dazzle us in 2020?

Healthcare and pharmaceutical

On both domestic and global scales, the healthcare and pharmaceutical sector is set to be a tempting one for UK investors. This can be seen when looking at a country like China which is becoming increasingly keen to partner with Western drug companies. As well as a large population to run trials on, there is tight regulation by the CFDA (Chinese Federal Drug Administration) on Chinese companies who perform clinical trials. This makes it an attractive proposition for drug companies in the West looking to test out new products reliably and on a large scale before bringing them to market.

The net effect of global business like this could be more healthcare companies bringing new products to market and the people who invest in these companies achieving decent returns. The other factor which could make this sector a wise investment choice in 2020 is that the world’s population is growing older. This means that businesses in this industry will experience a greater demand for their services.

Tech

Canny investors will know that 2019 was a great year for the technology sector with growth of 29.4% recorded. The good news is that 2020 looks set to continue this trend. The major reason for this prediction is that we simply live in a tech-driven world where the latest innovations or gadgets are important to people. You only have to look at how the Internet of Things (IoT) has blossomed in recent years to see this in action. This global demand for tech in business and personal life should be enough to see this sector and the businesses in it have another great 12 months.

Renewable energy

It is thought that around a third of UK investors surveyed by GraniteShares pick renewable energy as the industry they expect to have a great 2020. When you think about it logically, this makes sense after the increased attention that climate change received in 2019. The next 12 months could see companies in this industry experience more demand for their services and products. This in turn could not only bring investors in them profits but also create a feel-good buzz around the sector which will in turn attract more money into it. Do not be surprised if this is one industry which will make 2020 its own.

2020 looks set to be an exciting year

Now that investors have reviewed 2019 and how it affected their portfolios, a new year is the ideal time to make fresh plans. For many, this will involve hunting out promising sectors to invest in. If you are a UK-based investor looking to branch out, the above are some great choices to think about.

Related Posts Plugin for WordPress, Blogger...