Per gpt, there are quite a lot sectors that fit your description:
1. Semiconductors (building or expanding fabrication plants can take 2–3 years or more)
2. Aerospace (design and production of aircraft, satellites, etc. involve multi-year timelines)
3. Shipbuilding (constructing a new ship can easily exceed a year and often involves a backlog)
4. Pharmaceutical manufacturing (especially biologics, which require specialized facilities that can’t be quickly repurposed)
5. Defense industry (long development cycles and government procurement procedures)
6. Construction and real estate (permitting, land acquisition, and actual building can introduce multi-year lags)
7. Heavy industrial equipment (e.g., large turbines, specialized machinery with few global manufacturers and long build times)
We should exclude #1 which is already at cycle peak, #2 also realized with AL, AER, WLFC soaring in 2024, #5 got a demand shock especially for drones, causing drone manufacturers shares spiked in 2024; so we are left with 3, 4, 6, 7.
Per gpt, there are quite a lot sectors that fit your description:
1. Semiconductors (building or expanding fabrication plants can take 2–3 years or more)
2. Aerospace (design and production of aircraft, satellites, etc. involve multi-year timelines)
3. Shipbuilding (constructing a new ship can easily exceed a year and often involves a backlog)
4. Pharmaceutical manufacturing (especially biologics, which require specialized facilities that can’t be quickly repurposed)
5. Defense industry (long development cycles and government procurement procedures)
6. Construction and real estate (permitting, land acquisition, and actual building can introduce multi-year lags)
7. Heavy industrial equipment (e.g., large turbines, specialized machinery with few global manufacturers and long build times)
We should exclude #1 which is already at cycle peak, #2 also realized with AL, AER, WLFC soaring in 2024, #5 got a demand shock especially for drones, causing drone manufacturers shares spiked in 2024; so we are left with 3, 4, 6, 7.
#7 is interesting IMO.