1
IBISWorld
account_circle
  • CONTACT US
  • REQUEST DEMO
  • Log In
  • IBISWorld
  • Industry Reports expand_more
    By Sector
    • Accommodation & Food Services
    • Administration & Business Support Services
    • Agriculture, Forestry, Fishing & Hunting
    • Arts, Entertainment & Recreation
    • Construction
    • Educational Services
    • Finance & Insurance
    • Healthcare & Social Assistance
    • Information
    • Manufacturing
    • Mining
    • Personal Services
    • Professional, Scientific & Technical Services
    • Public Administration & Safety
    • Real Estate, Rental & Leasing
    • Retail Trade
    • Transportation & Warehousing
    • Thematic Reports
    • Utilities
    • Wholesale Trade
    Other Sectors
    • Advisory & Financial Services
    • Business Franchises
    • Consumer Goods & Services
    • Industrial Machinery, Gas & Chemicals
    • Life Sciences
    • Online Retail
    • Retail Market
    • Specialist Engineering, Infrastructure & Contractors
    • Technology
    • Water Supply; Sewerage, Waste Management and Remediation Activities
    By Country
    • North America
    • United States
    • Canada
    • Mexico
    • Asia & Oceania
    • Australia
    • New Zealand
    • China
    • Europe
    • Pan-EU
    • France
    • Germany
    • Italy
    • Ireland
    • Spain
    • United Kingdom
    View All Industry Reports
  • Research Solutions expand_more
    IBISWorld Products
    • Products Overview
    • Industry Research Reports
    • iExpert Summary Reports
    • Early Warning System
    • Business Environment Profiles
    • Industry Financial Ratios
    • Industry Risk Rating Reports
    • Industry Data Wizard
    • State & Provincial Reports
    • US Segment Benchmarking
    • US Company Benchmarking
    • US Benchmarking Pro
    • Salesforce App
    • API Solutions
    • Australia SME Industry Reports
    • AU & NZ Enterprise Profiles
    IBISWorld For Your Role
    • Academics
    • Accounting
    • Business Valuations
    • Commercial Banking
    • Consulting
    • Government Agencies
    • Investment Banks
    • Law Firms
    • Marketing
    • Private Equity
    • Sales
    • Specialized Librarians
    AU & NZ Enterprise Profiles
    • View by Sector
    US Company Benchmarking
    • View by Sector
  • About Us expand_more
    Company
    • Our Story
    • Our Team
    • Client Success Stories
    • Phil Ruthven - the Founder
    • Careers
    • Contact Us
    • FAQ - Help Center
    • Modern Slavery Statement
    Membership
    • Membership Inquiry
    • Free Demo
    • Free Sample Report
    • Newsletter
    By Country
    • Australia
    • Canada
    • China
    • Germany
    • Mexico
    • New Zealand
    • United Kingdom
    • United States
    • EU
  • Resources expand_more
    News & Insights
    • Industry Insider Blog
    • Analyst Insights
    • Special Reports
    • From the Founder
    • Coronavirus Insights
    Resources
    • Applying Industry Research
    • Industry Classifications
    Trends & Statistics
    • Industry Statistics
    • Industry Trends
    • US State Economic Profiles
    • Canada Province Economic Profiles
    • Business Environment Profiles
    Media
    • Press Releases

Fastest Growing Sectors by Revenue in Australia in 2023

Based on the expert analysis and our database of 750+ AU industries, IBISWorld presents a list of the Fastest Growing Sectors by Revenue in Australia in 2023

The 10 Fastest Growing Sectors by Revenue in Australia

Industry
Revenue Growth for 2023
1.

Financial and Insurance Services in Australia

46.8%
2.

Transport, Postal and Warehousing in Australia

12.4%
3.

Administrative and Support Services in Australia

8.1%
4.

Mining in Australia

7.6%
5.

Accommodation and Food Services in Australia

7.5%
6.

Electricity, Gas, Water and Waste Services in Australia

6.8%
7.

Health Care and Social Assistance in Australia

4.3%
8.

Public Administration and Safety in Australia

3.2%
9.

Information Media and Telecommunications in Australia

3.1%
10.

Education and Training in Australia

2.7%

Want to see more fastest growing sectors by revenue?

View a list of the Top 25 fastest growing sectors by revenue

Fastest Growing Sectors by Revenue in Australia in 2023

  • 1. Financial and Insurance Services in Australia

    Revenue Growth for 2023: 46.8%

    IBISWorld estimates that the Finance and Insurance Division will generate $625.14 billion in revenue in 2008-09, which will be 1.3% higher than 2007-08. Compared to previous years, this growth is soft, which will be brought about by a drop in revenue from the finance sub-sector, and slower growth from the insurance and services to finance and insurance sub-sectors. The vast majority of revenue generated by this division is generated by the Insurance sub-division. In 2008-09, IBISWorld also estimates that:

    • Industry gross product will amount to $84.21 billion, which will be 1% higher than 2007-08;
    • Establishments will increase by 0.2% whilst enterprises are... Learn More

    • 2. Transport, Postal and Warehousing in Australia

      Revenue Growth for 2023: 12.4%

      Market Size outlines the size of a division over the current financial year based on its key statistics and also a summary of the division's performance. Divisional Statistics In 2008-09, the Transport and Storage division will generate revenue of $100.9 billion, representing an increase of 3.2% compared 2007-08. The majority of revenue will be contributed by the Services to Transport subdivision (30.2%), followed by Road Transport (28.0%) and Air & Space Transport (19.3%). Revenue for 2008-09 will be influenced by growth in Grain Storage (I6701, up by 6.0%), Toll Road Operators (I6619, up by 7.5%) and Rail Freight Transport (I6201,... Learn More

    • 3. Administrative and Support Services in Australia

      Revenue Growth for 2023: 8.1%

      Market Size outlines the size of this division based on its key statistics such as revenue, gross product, enterprise and establishment numbers, export and import levels, employment numbers and wages paid. Revenue and Gross Product In 2007-08, this division will generate revenue of $58.7 billion, representing an increase of 3.8% compared to 2006-07. The largest subdivision will be Sport and Recreation, accounting for about $36.5 billion or 62.2% of total revenue. This will be followed by Motion Picture, Radio and Television with $14.2 billion or 24.2% of revenue and Libraries, Museums and Arts with $8.0 billion or 13.6%. Throughout 2007-08,... Learn More

    • 4. Mining in Australia

      Revenue Growth for 2023: 7.6%

      The Australian Mining industry occupies an important place in the nation's economy. Although it is ranked tenth in size (out of the 17 industry divisions that make up the economy), and has grown more slowly than the economy as a whole over the past decade, it remains the most important export sector. The Mining industry is expected to generate revenue of about $182.7 billion in 2008-09, up from $74.2 billion in 2003-04. The large gains reflect soaring prices for a range of minerals, including oil, gas, iron ore, black coal, base metals, gold and aluminium. Industry revenue is expected to enjoy... Learn More

    • 5. Accommodation and Food Services in Australia

      Revenue Growth for 2023: 7.5%

      Market Size outlines the size of this division in the current financial year based on its key statistics such as revenue, gross product, enterprise and establishment numbers, export and import levels, employment numbers and wages paid. Revenue and Gross Product In 2007-08, the Accommodation, Cafes and Restaurants division will generate revenue of $47.2 billion, representing an increase of 3.8% compared to 2006-07. The majority of revenue will be contributed by Pubs, Taverns and Bars (27.6%), Cafes and Restaurants (19.5%) and Clubs - hospitality (16.9%). Throughout 2007-08, this division will generate gross product of $21.5 billion, representing an increase... Learn More

    • 6. Electricity, Gas, Water and Waste Services in Australia

      Revenue Growth for 2023: 6.8%

      • The Australian Electricity, Gas and Water Supply industry has undergone significant restructuring in the face of the National Competition Policy and subsequent un-bundling of vertically integrated operations. In some case, restructuring also included the privatisation of assets.
      • The industry is expected to generate revenue and value added of about $57.3 billion and $22.6 billion in 2007-08 (2006-07 prices).
      • Industry revenue and value added are expected to expand by about 2.8% and 1.4% respectively in 2007-08.
      • The industry represents about 2.1% of Australia's GDP.
      • Domestic demand is equivalent to revenue, as the industry neither exports nor imports.
      • Although there are no imports or exports of electricity,... Learn More

      • 7. Health Care and Social Assistance in Australia

        Revenue Growth for 2023: 4.3%

        Market Size outlines the size of a division over the current financial year based on its key statistics and also a summary of the division's performance. Divisional Statistics In 2008-09, the Personal and Other Services division will generate revenue of $42.1 billion, representing an increase of 3.4% compared to 2007-08. During the year, the majority of revenue will be contributed by the Other Services subdivision which will account for $29.0 billion or 68.9% of total revenue. The Personal Services subdivision will rank second with $13.1 billion or 31.1% of revenue. In 2008-09, this division will... Learn More

      • 8. Public Administration and Safety in Australia

        Revenue Growth for 2023: 3.2%

        Market Size outlines the size of this division for the current financial year, based on its key statistics such as revenue and gross product, enterprise and establishment numbers, employment levels and wages paid. Revenue and Gross Product In 2007-08, the Health and Community Services division will generate revenue of $92.2 billion, representing an increase of 3.9% compared to 2006-07. During the year, the Health Services subdivision will account for $74.1 billion or 80.3% of total revenue with the balance of $18.1 billion or 19.7% to be contributed by the Community Services subdivision. In 2007-08, this division will generate gross... Learn More

      • 9. Information Media and Telecommunications in Australia

        Revenue Growth for 2023: 3.1%

        Market Size outlines the size of a division over the last financial year based on the division's key statistics such as revenue, gross product, enterprise and establishment numbers, employment and wages paid. Revenue and Gross Product In 2007-08, IBISWorld estimates that the Communication Services division will generate revenue of $47.42 billion, which will represent growth of 3.5% compared to 2006-07. The majority of this revenue will be contributed by the Telecommunication Services sub-division (78.1%) followed by Postal Services (12.4%) and Courier Services (9.5%). During 2007-08, this division is expected to generate value added of $28.64 billion, which will be 3.6%... Learn More

      • 10. Education and Training in Australia

        Revenue Growth for 2023: 2.7%

        Market Size outlines the size of a division over the last financial year based on its key statistics such as revenue, gross product, enterprise and establishment numbers, employment numbers and wages paid. Revenue and Gross Product In 2006-07, this sector is forecast to generate revenue of $72.1 billion, representing an increase of 4.5% compared to 2005-06. The largest subdivision was School education which contributed 48.2% of total revenue for the year. The Post School education subdivision ranked second with 43.3% of total revenue. The remaining 8.5% of revenue was generated by the Preschool education and other education subdivisions, at 0.6% and... Learn More

More Industry Trends

Biggest Industries by Employment in Australia in 2023

Based on the expert analysis and our database of 750+ AU industries, IBISWorld presents a list of the Biggest Industries by Employment in Australia in 2023

VIEW ARTICLE

Biggest Industries By Revenue in Australia in 2023

Based on the expert analysis and our database of 750+ AU industries, IBISWorld presents a list of the Biggest Industries By Revenue in Australia in 2023

VIEW ARTICLE

Want to see what a full IBISWorld report looks like?

Download a free sample report today to discover the breadth and depth of information available at your fingertips!

GET SAMPLE REPORT

Modal Header









GLOBAL
Australia
Canada
China
Europe
Germany
Mexico
New Zealand
United Kingdom
United States
chat_bubbleDeutsch
PRODUCTS
API Solutions
AU & NZ Enterprise Profiles
Business Environment Profiles
Call Prep Insights for Salesforce
Early Warning System
iExpert Summary Reports
Industry Research Reports
Industry Risk Rating Reports
Industry Financial Ratios
Industry Data Wizard
State & Provincial Reports
US Segment Benchmarking
US Company Benchmarking
US Benchmarking Pro
Industry Insider
SME Industry Reports
COMPANY
Our Story
Our Team
Client Success Stories
Careers
Contact Us
FAQ - Help Center
Industry Classifications
Modern Slavery Statement
MEMBERSHIP
Membership Inquiry
Request a Demo
Free Sample Report
Newsletter
Login
FOLLOW US
FOLLOW US
Copyright © 1999-2023 IBISWorld
Terms of Use | Cookie Preferences | Cookie Policy | Privacy Policy | Sitemap