Based on the expert analysis and our database of 70+ Global industries, IBISWorld presents a list of the Global Fastest Growing Industries by Revenue Growth (%) in 2019
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View a list of the Top 25 fastest growing industries2018-2019 Revenue Growth: 9.3%
The Global Semiconductor and Electronic Parts Manufacturing industry is expected to generate $702.7 billion in revenue in 2018. Over the five years to 2018, demand for downstream consumer electronics, automobiles, computers and industrial machinery rose, as global per capita income and internet connectivity increased. However, fluctuating product and input prices, as well as currency exchange rates, have led to oscillations in industry revenue, resulting in a slight slump in 2016, only to recover over 2017 and 2018 as memory prices soared. Overall, revenue is expected to increase at an annualized rate of 7.6% over the five years to 2018, with... Learn More
2018-2019 Revenue Growth: 7.8%
The Global Investment Banking & Brokerage industry is expected to thrive over the five years to 2018 as strong economic activity fuels demand for the industry's services. Increasing levels of regulation and low market volatility have tamed the expansion of the industry by stunting the growth potential of trading related services. However, the industry's underwriting and advisory services have driven the growth of the industry during the period amid sluggish performance from trading and related services that primarily affected developed countries. This segment has benefited from elevated levels of mergers and acquisitions and investment activity across the globe. As a... Learn More
2018-2019 Revenue Growth: 7.6%
Over the five years to 2019, the Global Auto Parts and Accessories Manufacturing industry is expected to benefit from improving global economic conditions. Per capita income levels have climbed across the globe and the burgeoning middle classes in emerging economies have looked 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 moved higher. Demand for this segment tends to rise with the number of vehicles in use, therefore, as more individuals take to the... Learn More
2018-2019 Revenue Growth: 7.2%
The Global Airport Operation industry has reached its cruising altitude. Over the five years to 2019, rising levels of airline passenger traffic have enabled airports to earn significant revenue through passenger charges and services provided directly to airlines. In addition, increased global consumer spending has encouraged greater spending on nonaeronautical industry services, such as ground transportation and duty-free retail stores, boosting industry profit margins. At the same time, improving economic conditions have increased corporate profit and fueled global manufacturing activity, causing airlines to operate more flights to transport greater quantities of cargo. Overall, industry revenue is estimated to increase at... Learn More
2018-2019 Revenue Growth: 7.0%
The Global HR and Recruitment Services industry relies on organizations' demand for and outsourcing of recruitment processes and human resource (HR) 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 the industry's growth, large players are now focusing on emerging markets. Industry growth in these regions is expanding as the industry's largest companies expand into developing economies to... Learn More
2018-2019 Revenue Growth: 6.9%
The Global Reinsurance Carriers industry has encountered significant challenges over the five years to 2019. However, considering an operating landscape consisting of a soft pricing cycle, low interest rates and an increased occurrence of natural disasters, the industry has performed well. Strong demand from emerging markets and slowly increasing demand from established markets have bolstered insurance premiums, which have been priced more competitively among carriers. As a result, the industry is expected to grow an annualized 5.1% to $301.8 billion over the five years to 2019 with a growth of 4.2% in 2019 alone as demand for reinsurance products grows... Learn More
2018-2019 Revenue Growth: 6.6%
Clients use public relations (PR) agencies for a variety of reasons, including managing a company's image or promoting products to target certain demographics. Ultimately, revenue for the Global Public Relations Agencies industry largely depends on the incomes of businesses and consumers. Over the past five years, marketers have dedicated a greater proportion of their budgets to public relations in place of traditional advertising, as PR firms have effectively manipulated the power of digital media. Additionally, burgeoning consumer markets across emerging countries have contributed to revenue growth in developing regions. Accordingly, over the five years to 2018, industry revenue is expected... Learn More
2018-2019 Revenue Growth: 6.3%
Over the five years to 2019, revenue for the Global Car and Automobile Manufacturing industry is expected to accelerate, bolstered by improving economic conditions. In addition to positive economic trends, industry demand has been lifted by significant improvements on the technological front, particularly in regard to vehicle fuel efficiency, entertainment and autonomous driving capabilities. Automakers have gradually put a greater emphasis on increasing fuel efficiency in light of stricter regulatory requirements and consumer demand. Plus, internet connectivity, advances in safety features and navigation capabilities are becoming staples of automobiles worldwide, facilitating an increase in the average price of cars in... Learn More
2018-2019 Revenue Growth: 6.1%
The Global Pension Funds industry has experienced strong growth as a result of favorable investment returns and growing levels of contributions over the five years to 2019. Pension funds, composed of defined benefit (DB) and defined contribution (DC) plans, have been the primary means for meeting the retirement requirements of an aging global population. Industry revenue consists of contributions, investment income, net sales of securities and more. Positive investment returns from equities have driven the growth of revenue despite volatility in financial markets. As a result, the Global Pension Funds industry is expected to grow an annualized 4.3% to $4.2... Learn More
2018-2019 Revenue Growth: 5.7%
Demand for the Global Apparel Manufacturing industry is highly dependent on disposable income and the overall economic well-being of the region in consideration. Generally, 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... Learn More
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