Based on the expert analysis and our database of 280+ China industries, IBISWorld presents a list of the Fastest Growing Industries in China by Revenue Growth (%) in 2019
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View a list of the Top 25 fastest growing industries2018-2019 Revenue Growth: 135.3%
The Alternative-Fuel Car and Automobile Manufacturing industry in China has developed strongly in the past five years due to large government subsidies and favorable policies that have resulted in improving vehicle performances, increasing numbers of charging facilities, and changing attitudes toward environment protection. Industry revenue is expected to total $48.76 billion in 2018, up 44.0% from 2017, with an annualized rate of 131.6% over the past five years. Industry profit is relatively high, averaging 11.4% of industry revenue in 2018. Profitability has been stimulated by high levels of automation as well as government subsidies that have reduced costs for key... Learn More
2018-2019 Revenue Growth: 50.6%
In 2018, the Internet Services industry in China maintained rapid growth of about 38.7% to reach $527.01 billion. Over the past five years, industry revenue has been growing at an annualized rate of 48.2%, driven by booming domestic demand. Over the period, the number of internet users in China increased at an annualized rate of 6.1%.
Over the next five years, industry revenue is forecast to increase at an annualized rate of 34.0% to reach $2,281.02 billion in 2023. This revenue growth will be mainly due to the substantial expansion of internet coverage in rural and remote areas in China and... Learn More
2018-2019 Revenue Growth: 36.0%
The Solar Power Generation industry has developed rapidly over the past five years. Industry revenue is expected to rise at an annualized 33.2% over the five years through 2019, to $7.9 billion. This trend includes anticipated revenue growth of 34.5% in 2019.
Rising household demand for electricity in China has led to several power supply shortages over the past few years, which has stimulated demand for solar power generation. In addition, a reliance on imported oil and gas resources for power and increasing environmental consciousness have led to a strong government focus on developing renewable energy sources, particularly solar power. By... Learn More
2018-2019 Revenue Growth: 29.4%
The Online Shopping industry in China is expected to grow at an annualized 26.7% over the five years through 2019, to total $1.5 trillion. This trend includes expected growth of 18.2% in the current year. The industry's rapid growth can be attributed to the rising popularity of ecommerce in China and online businesses continuously developing their services. In addition, the number of mobile Internet users has greatly increased over the past five years as mobile internet services continue to develop, boosting the industry's performance.
Most products are sold online at lower prices than in brick-and-mortar stores. As a result, more individuals... Learn More
2018-2019 Revenue Growth: 28.4%
Revenue for the Smartphone Manufacturing industry in China is expected to increase at an annualized rate of 25.8% over the five years through 2019. In 2019, industry revenue is expected to grow by 22.1%, to $259.1 billion, mainly due to increased exports and growing demand for third- and fourth-generation (4G) smartphones. Exports are estimated to account for 59.2% of industry revenue in 2019.
Demand for smartphones has grown strongly over the past five years, due to the rapid development of 3G and 4G technology, an abundant smartphone product portfolio and competitive product pricing. In late 2013, the Ministry of Industry and... Learn More
2018-2019 Revenue Growth: 27.7%
The Courier industry is a relatively new business segment in China. In its modern form, it has existed for about 30 years. Due to an increasingly dynamic domestic economy and improved transportation infrastructure, the industry experienced impressive growth over the past decade. Industry revenue is expected to increase at an annualized 25.1% over the five years through 2019, to $112.8 billion. Industry enterprises are expected to total 5,038 enterprises over the period, employing over 689,630 workers with a payroll of approximately $5.6 billion.
Couriers are expected to benefit from steady future growth in China's economy, and the development of more niche... Learn More
2018-2019 Revenue Growth: 22.5%
Revenue for the Electronic Transmission Equipment Manufacturing industry in China is expected to increase at an annualized 20.0% over the five years through 2019. Revenue growth peaked in 2015 at 29.6%. In 2013, the Chinese government issued licenses for China's 4G network, significantly increasing industry demand in the following years. Consequently, due to the large-scale construction of 4G base stations and rapid increase of 4G users, 4G investment has been high.
In 2019, industry revenue is expected to grow by 16.7% to $96.6 billion. Industry profit is estimated to account for 6.5% of revenue, which is relatively low. This result is... Learn More
2018-2019 Revenue Growth: 22.1%
The Mail-Order and Online Shopping industry's revenue is expected to grow by an annualised 19.6% over the five years through 2019 to total $1.19 trillion. Industry revenue is expected to grow by 12.4% over the current year. Factors driving industry growth include improved living standards, higher wages, higher internet penetration, increased acceptance of internet shopping and a growing range of retailers selling a larger range of products online.
Online retailing currently generates over 90.0% of industry revenue. According to the China Internet Network Information Center (CNNIC) and the National Bureau of Statistics, 802.0 million internet users in China had online shopping... Learn More
2018-2019 Revenue Growth: 22.0%
The Energy-Efficiency Consultants industry in China is expected to grow at an annualized 19.5% over the five years through 2019, to reach $123.6 billion. A range of energy-saving and emission reduction regulations implemented in 2006 have supported the industry's rapid growth over the past five years.
Issued in 2010, the Interim Measures for Management of Financial Incentive Funds of Energy Management Contracting Projects allocated generous subsidies for contract energy management (CEM) projects. This marked the beginning of the standardization of the industry in China. There are in total 11,469 recorded (i.e. registered) energy service establishments in China in 2019, over half... Learn More
2018-2019 Revenue Growth: 20.0%
Kickstarted by Baidu and Tencent's successful launches, the Social Networking industry in China has significantly expanded over the past five years. Industry revenue is expected to increase at an annualized 17.5% over the five years through 2019, to $7.1 billion. This includes anticipated revenue growth of 14.1% in the current year. According to the China Internet Network Information Center, domestic social network users reached 610 million in 2018, and accounted for 73.6% of overall internet users for the year. Overall internet users reached 829 million at the end of 2018, with growth driven by new social networks.
An estimated 2,501 enterprises... Learn More
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