Based on the expert analysis and our database of 750+ AU industries, IBISWorld presents a list of the Fastest Growing Industries in Australia by Revenue Growth (%) in 2019
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View a list of the Top 25 fastest growing industries2018-2019 Revenue Growth: 165.8%
The Solar Electricity Generation industry has undergone a period of immense revenue growth over the past five years. Industry revenue is expected to grow at an annualised 163.4% over the five years through 2018-19, to reach $583.4 million. This growth has been driven by the development of a multitude of large-scale solar farms, which have increased industry generation capacity from less than 50 MW in 2014 to over 2,400 MW in 2018. Industry generation capacity is expected to continue growing in 2018-19, as a record number of solar projects come online. Industry revenue is expected to increase by 115.7% in... Learn More
2018-2019 Revenue Growth: 115.1%
The Cryptocurrency Exchanges industry is a new industry in Australia, established in 2012-13 to cater to rising interest in cryptocurrencies as a form of payment. The industry has since grown at a meteoric pace, albeit from a low base. Bitcoin, the largest and most well-established cryptocurrency, was created in 2009. Industry services are therefore still in the formulation phase. Industry exchanges typically earn revenue through fees paid on deposits, withdrawals and trades conducted on local exchanges. Industry operators initially generated little revenue, as cryptocurrency was still in its infancy and had a low uptake. Many local exchanges recorded operating losses... Learn More
2018-2019 Revenue Growth: 91.7%
Revenue for the National Disability Insurance Scheme (NDIS) Providers industry has grown considerably over the past five years, as government funding has continued to increase. Disability service providers have benefited greatly from the new funding arrangements, as the market-based arrangement supports many disabled individuals across Australia. Some individuals receive NDIS support in addition to their Disability Support Pension or other disability payment, while others are receiving support for the first time under the scheme.Revenue for NDIS providers is expected to increase at an annualised 88.4% over the five years through 2019-20, to $17.4 billion. This revenue growth excludes services provided... Learn More
2018-2019 Revenue Growth: 79.1%
Revenue growth for the Online Food Ordering and Delivery Platforms industry has been strong over the past five years. Australians are increasingly leading busy lives due to their work and family commitments, which has boosted demand for convenient meal options. Industry operators have benefited substantially from this trend, as they have filled the gap in the food delivery market. Firms facilitate deliveries of meals and food items through bookings made on their platforms. These platforms connect users of their applications with food-service providers and delivery drivers. The operations of online grocery delivery platforms, farm-to-table services, and meal kit ordering and... Learn More
2018-2019 Revenue Growth: 54.4%
Operators in the Ridesharing Services industry develop and operate online platforms that connect drivers and passengers, to provide on-demand passenger transport services. Drivers in the industry operate as independent contractors. These platforms are typically accessed through smartphone apps. The industry excludes taxi companies, such as 13CABS, that provide taxi-booking services through smartphone apps alongside their traditional taxi operations. The industry also excludes UberBlack and online booking systems for hire cars and owner-drivers, such as chauffeurs. These services represent external competition to the industry.The industry has grown significantly over the past five years, as demand has increased for convenient and cost-efficient... Learn More
2018-2019 Revenue Growth: 40.2%
The Organic Livestock and Poultry Farming industry has grown strongly over the past five years. The acceptance of organic products as a healthy food option has supported industry growth over the period. In particular, organic meat has surged in popularity, contributing to the industry's rapid expansion. Industry revenue is expected to rise at an annualised 38.8% over the five years through 2018-19, to $1.1 billion. Although industry profitability remains strong, margins have fallen over the past five years as the entry of new players has heightened competition and slowed farmgate pricing growth.
Consumer demand for organic meat has grown steadily over... Learn More
2018-2019 Revenue Growth: 37.0%
The Intellectual Property Leasing industry plays a vital role in the Australian economy. Operators lease their intellectual property, such as patents, trademarks, spectrum and other intangible property, to businesses in exchange for royalties or licensing fees. Businesses then use the intellectual property to create a range of products and services. The industry's largest market is manufacturing firms, such as chemical and pharmaceutical manufacturers, that lease patents and other intellectual property on new medicines and other chemical products to avoid the costs associated with research and development (R&D). Telecommunications firms are also a notable market, as these firms lease spectrum to... Learn More
2018-2019 Revenue Growth: 33.9%
The Battery Material Mining industry has grown significantly over the past five years, as battery manufacturers have sought to lock in supply while anticipating future growth in demand. Rising demand for electric vehicles has led global automakers to offer a growing range of electric vehicles, particularly in China. The supply of battery materials has become increasingly tight over the past five years, as indicated by significant growth in the prices of lithium and cobalt. Overall, industry revenue is expected to grow at an annualised 32.6% over the five years through 2018-19, to reach $1.6 billion. This includes an expected decline... Learn More
2018-2019 Revenue Growth: 33.0%
The Federal Government's unprecedented investment in the rollout of the national broadband network (NBN) has underpinned the robust expansion of the Fibre Optic Cable Installation industry over the past five years. The objective of the NBN is to provide all Australian households, businesses and government agencies with an advanced communications platform to access internet-based data and entertainment. This project is overseen by NBN Co, which is tasked with the responsibility to supply Australia's NBN, including the wholesaling of network access to retail communication companies. NBN Co contracts industry operators to design and construct the network, with the prime contractors assigned... Learn More
2018-2019 Revenue Growth: 30.1%
The Tobacco Product Wholesaling industry has faced declining consumer demand, rising prices and a substantial restructure over the past five years. Domestic cigarette production ceased in 2014-15, with both Philip Morris Australia and British American Tobacco closing their Australian manufacturing facilities. Both companies have since entered the Tobacco Product Wholesaling industry, causing industry revenue to spike over the two years through 2015-16. However, industry revenue has stabilised over the past three years, as rising prices and excise taxes have offset declining smoking rates and fluctuating demand from downstream retailing industries.
Philip Morris Australia closed its local manufacturing operations at the end... Learn More
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