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 2021
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View a list of the Top 25 fastest growing industries2019-2020 Revenue Growth: 17.6%
Over the five years to 2020, the center of the Global Casinos and Online Gambling industry has shifted from the United States, specifically Las Vegas and Atlantic City, to China, more specifically, Macau. A wave of recent casino openings in Macau has propelled this shift. As of 2020, there were 50 casinos located on the island. Additionally, casino openings in other parts of Asia are expected over the five years to 2025. Two mega casino developments in Singapore already rival casinos in Las Vegas, and Japan recently legalized casinos, raising the potential for billions of dollars in new investment. However,... Learn More
2019-2020 Revenue Growth: 16.6%
Over the five years to 2020, revenue for the Global Car and Automobile Sales industry is expected to fall, mainly due to the economic fallout as a result of the COVID-19 (coronavirus) pandemic. The industry experienced growth during the beginning of the period as rising global per capita income and increased global consumer spending encouraged global auto sales, primarily in emerging economies. However, several factors have limited industry expansion. For example, several European nations experienced weak economic growth. The United States also experienced a slump in auto sales going into 2020 after previously posting strong sales between 2009 and 2016.... Learn More
2019-2020 Revenue Growth: 13.9%
Over the five years to 2020, revenue for the Global Automobile Engine and Parts Manufacturing industry, which produces motor vehicle engines and other engine parts such as valves, crankshafts, camshafts, fuel injectors and pistons, is expected to fall at an annualized rate of 0.1% to $276.7 billion. Ultimately, the industry is tethered to that of global car production, thus leaving operators vulnerable to a myriad of macroeconomic and political factors that affect the automotive sector in aggregate. During most of the period, an emphasis on engine efficiency and economic growth supported industry expansion. However, the rapid spread of COVID-19 (coronavirus)... Learn More
2019-2020 Revenue Growth: 13.7%
The Global Commercial Aircraft Manufacturing industry is expected to decline over the five years to 2020. Industry operators design, manufacture, overhaul and rebuild planes, helicopters, aircraft engines and various aircraft components and subsystems for the commercial and civil markets. The industry primarily depends on downstream demand from airlines, which make up the bulk of the major markets for operators. The global rise in disposable income levels has driven major growth in demand for air travel, although investment in new aircraft has fallen as many airlines have been using older aircraft. Despite a decrease in the production of widebody and single-aisle... Learn More
2019-2020 Revenue Growth: 13.2%
Despite rising levels of airborne passenger and cargo traffic, revenue for the Global Airlines industry has declined over the five years to 2020 as volatile fuel prices and growing competition, as well as the COVID-19 (coronavirus) pandemic, have placed downward pressure on airline ticket prices and freight shipping rates. Moreover, the total value of world trade has increased slowly over the past five years, limiting demand for cargo transportation services. At the same time, recent growth in global per capita income has fueled demand for airline passenger transportation. Overall, industry revenue is estimated to decrease an annualized 1.8% to $686.0... Learn More
2019-2020 Revenue Growth: 11.8%
Over the five years to 2020, the Global Hotels and Resorts industry experienced strong growth 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. Travel spending has also picked up quickly, especially in emerging economies where tourism is on the rise. Global tourist arrivals were steadily increasing between 2015 and 2019 until a drastic drop in 2020 due to the global spread of COVID-19 (coronavirus). As a result... Learn More
2019-2020 Revenue Growth: 11.3%
The Global Beer Manufacturing industry has struggled amid strong headwinds that caused a shift in the industry's structure over the five years to 2020. Rising disposable income during most of the period and consumers' shift from traditional products to higher-quality, attractively branded beer have underpinned rising beer consumption and strong volume growth in emerging markets. However, declining per capita beer consumption and relatively flat volume growth have hampered revenue across China and traditional North American and European markets, which compose the bulk of the industry. This has been ameliorated by phenomenal growth in high-value craft beers and foreign brands over... Learn More
2019-2020 Revenue Growth: 11.0%
Over the five years to 2020, the Global Cargo Airlines industry has experienced volatility amid commodity declines at the beginning of period, chronic excess of cargo capacity, global trade tensions and the COVID-19 (coronavirus) pandemic. Demand for industry services increased between 2015 and 2019 as rising global income levels and increased production activity among developed economies drove revenue growth. In addition, the total value of world trade increased over the same years. The coronavirus pandemic has created a unique situation for the industry where revenue is expected to increase as a result of air cargo capacity declining much more significantly... Learn More
2019-2020 Revenue Growth: 10.4%
The Global Tourism industry is expected to increase at an annualized rate of 0.2% to $1.5 trillion over the five years to 2020. Global tourism has performed well during 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 global spread of COVID-19 (coronavirus) in 2020, industry revenue is expected to decline 8.9% over the year. The global outbreak is expected to have an enormous effect on... Learn More
2019-2020 Revenue Growth: 9.1%
The Global Deep-Sea, Coastal and Inland Water Transportation industry, which transports cargo and passengers across the world's waterways, has experienced strong growth over most of the five years to 2020. Rising global per capita income and increased production activity among the world's most developed economies has increased demand for industry services, though COVID-19 (coronavirus) is forecast to severely constrain demand in 2020. These strong market conditions have offset an excess of maritime carrying capacity relative to downstream demand, which has constrained international freight rates and hindered industry growth. Additionally, industry revenue has been sustained by the strong performance of the... Learn More
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