Based on the expert analysis and our database of 70+ Global industries, IBISWorld presents a list of the Biggest Industries by Employment Global in 2021
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View a list of the Top 25 biggest industries by employmentEmployment number for 2021: 17,430,942
The Global Consumer Electronics Manufacturing industry is expected to grow at an annualized rate of 2.2% to $1.4 trillion over the five years to 2020, including a 1.2% decrease in 2020 alone. Innovative products, falling prices, growing household incomes and rising consumer sentiment have supported demand for consumer electronics. However, the decrease in 2020 can be mainly attributed to the ongoing COVID-19 (coronavirus) pandemic, which has caused many manufacturing facilities to either shut down or decrease their operations. This decrease in manufacturing activity has caused the industry's profit to slightly decline in 2020. However, consumers have still been spending much... Learn More
Employment number for 2021: 17,164,710
The Global Commercial Real Estate industry has grown over much of the five years to 2021 after a slow start. Investor confidence took a hit in 2015, which continued into 2016 largely due to global political uncertainty and low oil prices. This negatively affected investment in the industry and revenue declined 0.3% in 2016. Global investment has since rebounded strongly amid robust global economic growth, which propelled industry revenue to recover. However, the outbreak of COVID-19 (coronavirus) is expected to severely constrict demand as economic uncertainty skyrockets. As a result, industry revenue is expected to grow an annualized 0.2% to... Learn More
Employment number for 2021: 13,458,146
Over the five years to 2021, the Global Fast Food Restaurants industry has expanded despite changing consumer tastes and a recovering global economy. As disposable income rose during the period, consumers increased spending on luxuries, such as eating out, therefore also boosting profit. However, full-service restaurants outperformed fast food establishments during this period, as many consumers had more disposable income. The industry also experienced steady and growing demand from emerging economies, which boosted the industry's overall performance. During the period, the industry has also been forced to adapt to increasingly health-conscious consumer preferences. While major fast food retailers have responded... Learn More
Employment number for 2021: 11,988,376
The Global HR and Recruitment Services industry relies on an organizations' demand for outsourcing its recruitment processes and human resource management activities. Industry performance largely depends on economic conditions in major markets and the effect these conditions have on demand for labor worldwide. Labor market regulation, particularly relating to temporary employees, is also important to industry performance. While the liberalization of labor laws in developed nations has historically been essential to industry growth, large players have now focused on emerging markets. Industry growth in these regions has expanded as the industry's largest companies expand into developing economies to connect employers... Learn More
Employment number for 2021: 9,690,013
Over the five years to 2021, the Global Hotels and Resorts industry is anticipated to experience a decline in revenue. Initially, strong growth between 2016 and 2019 was experienced as both consumers and businesses became more confident about their finances and spent more liberally on luxuries, including travel. This culminated in a substantial increase in both travel rates and hotel room and occupancy rates, two indicators of a hotel's performance. Global tourist arrivals were also steadily increasing between 2016 and 2019 until a drastic drop in 2020 occurred due to the global spread of COVID-19 (coronavirus). In 2020, industry revenue... Learn More
Employment number for 2021: 9,675,672
Demand for the Global Apparel Manufacturing industry is highly dependent on disposable income and the overall economic well-being of the region in consideration. Over the past decade, the industry has benefited from an increasing number of consumers opting to buy more garments at lower prices, driving both industry revenue and profit. This trend has been sustained by significant offshoring of apparel manufacturing from industry establishments in developed countries to developing economies, which has significantly lowered production costs, reducing the overall price of apparel and making apparel products increasingly affordable to an expanding consumer base. Consequently, international trade is of paramount... Learn More
Employment number for 2021: 8,918,489
Coal mined by the Global Coal Mining industry plays a vital role in the world's ability to generate electricity and manufacture steel. Coal's position in global electricity markets stems from its relative accessibility, affordability and distribution across the globe. The world's largest coal producers are China, the United States and India, with these countries expected to retain their positions for the foreseeable future. Industry revenue is a function of global production of industry products alongside global coal prices, with prices being closely tied to global economic conditions. Over the five years to 2021, prices of thermal and coking coal have... Learn More
Employment number for 2021: 8,684,644
The Global Tourism industry is expected to decrease an annualized 4.3% to $1.3 trillion over the five years to 2021. Global tourism has performed well during most of the five-year period, with emerging economies continuing to stimulate growth. Moreover, countries in Asia and South America have experienced robust growth in per capita income, which has enabled consumers in these regions to take overseas trips in increasing numbers. However, due to the COVID-19 (coronavirus) pandemic, industry revenue is expected to decline nearly 50.0% in 2020. The global outbreak is expected to have an enormous effect on all tourism-related industries as many... Learn More
Employment number for 2021: 8,076,796
The Global Commercial Banks industry has continued recovering as major developed markets experience increasing commercial banking activity as a result of strong economic performance over most of the five years to 2021. The industry closely follows global economic performance since demand for loans is heavily influenced by business and consumer confidence as well as the level of activity that requires financing. The strong global economic performance fueled by the United States and emerging markets, such as China and South East Asia, are expected to improve from increased aggregate private investment, which has supported loan origination. As a result, industry has... Learn More
Employment number for 2021: 8,060,047
The Global Auto Parts and Accessories Manufacturing industry is expected to decline over the five years to 2021, as automakers, the industry's largest customers, have been hurt by the economic fallout stemming from the COVID-19 (coronavirus) pandemic. Barring 2020, per capita income levels climbed across the globe and the burgeoning middle classes in emerging economies were able to purchase their own cars. As demand for new automobiles has risen, original equipment manufacturers have demanded more components from industry operators. Additionally, the auto parts aftermarket has helped generate revenue as average vehicle ages increased. Demand for this segment tends to rise... Learn More
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