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 2020
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View a list of the Top 25 fastest growing industries2019-2020 Revenue Growth: 54.8%
Products produced by the Global Respiratory Ventilator Manufacturing industry have long been a staple of the global healthcare sector. Demand for ventilators has historically been stable since they are a life-saving device for patients with limited breathing function. While hospitals do not usually need a significant number of ventilators, the COVID-19 (coronavirus) pandemic has caused demand for ventilators to skyrocket in 2020. Patients with severe coronavirus symptoms often need to be ventilated because their lungs become so inflamed that they are unable to provide the body with enough oxygen. While ventilation is not always successful, at this stage of the... Learn More
2019-2020 Revenue Growth: 8.8%
Over the five years to 2019, the Global Sugar Manufacturing industry has experienced massive fluctuations in global sugar prices. Increased diversion of sugar stocks for ethanol production and adverse weather conditions have caused instability in the sugar stocks-to-use ratio, which, in turn, has caused the world price of sugar to experience intense volatility over the past five years. As a result, industry revenue is anticipated to decrease at an annualized rate of 4.2% to $58.5 billion over the five years to 2019, including revenue increasing 0.9% in 2019 alone.
Brazil is very influential to the health of the Global Sugar Manufacturing... Learn More
2019-2020 Revenue Growth: 8.5%
Over the five years to 2019, the Global Military Shipbuilding and Submarines industry has expanded, tempered by pressured defense spending in Europe and the United States during the first half of the period. Western governments make up the largest market for industry operators, which design, build, repair, maintain and overhaul naval vessels ranging from aircraft carriers to submarines. However, as western governments have dealt with the fiscal consequences of the global economic slowdown, they, in turn, cut back on naval spending, which has only recently begun to recover. In particular, European countries have reduced spending on naval vessels as the... Learn More
2019-2020 Revenue Growth: 6.3%
Revenue for the Global Public Relations Agencies industry largely depends on the incomes of businesses and consumers. Clients use public relations (PR) agencies for a variety of reasons, including managing a company's image or promoting products to target certain demographics. Over the five years to 2019, operators 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, industry revenue is expected to increase at an annualized rate... Learn More
2019-2020 Revenue Growth: 6.2%
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
2019-2020 Revenue Growth: 6.2%
The Global Consumer Electronics Manufacturing industry is expected to grow at an annualized rate of 1.9% to $1.4 trillion over the five years to 2019, including a 3.8% increase in 2019 alone. The past five years have been characterized by growth in emerging markets and the introduction of new products, leading to more people buying consumer electronics. Innovative products, falling prices, growing household incomes and rising consumer sentiment have supported demand for consumer electronics. Still, many industry products have approached market saturation, leading to price competition and downward pressure on profit margins across the industry. Meanwhile, consumers have been spending... Learn More
2019-2020 Revenue Growth: 6.2%
Digital music has ultimately created a shift in the way artists engage with fans, a transition that has had major implications for the Global Music Production and Distribution industry. In general, low-margin digital distribution of music has prompted the industry's largest companies to generate revenue through a range of services that extend beyond simply generating income from record sales, as record labels have traditionally done in the past. Moreover, declines in profitability over the past two decades, in part due to the rise of the internet and consequent proliferation of peer-to-peer (P2P) file sharing that permitted the illegal downloading of... Learn More
2019-2020 Revenue Growth: 5.8%
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
2019-2020 Revenue Growth: 5.0%
The Global Airport Operation industry has reached its cruising altitude. Rising levels of airline passenger traffic over the five years to 2020 have enabled airports to earn significant revenue through passenger charges and services provided directly to airlines. Increased capital expenditures have slightly constrained industry profit over the past five years, as any significant addition or renovation to an existing facility can cost hundreds of millions of dollars, while an entire new commercial airport can be worth billions of dollars. At the same time, improving economic conditions have increased corporate profit and fueled global manufacturing activity, causing airlines to operate... Learn More
2019-2020 Revenue Growth: 4.9%
Companies operating in the Global Engineering Services industry apply the physical laws and principles of engineering to design and develop structures, machines, materials, instruments and other processes and systems. Services also include providing advice, feasibility studies, designs and technical services during construction or development. Consequently, the performance of the industry relies on investment trends and the overall health of the economy to fuel projects where engineering services are needed. A favorable global economic environment and strong investment in major markets, such as the United States, Europe and East Asia, have driven industry growth over the five years to 2019. As... Learn More
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