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: 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: 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: 5.1%
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
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
2019-2020 Revenue Growth: 4.8%
The Global Bakery Goods Manufacturing industry has risen over the five years to 2019 despite numerous challenges. Demand for bakery products has risen slowly in the mature markets of Western Europe and North America, which has caused manufacturers to seek opportunities in higher growth regions. Additionally, despite tepid demand growth, global disposable income levels have risen, and consumers have increasingly turned to high priced and premium baked goods, including organic and gluten-free options. Overall, IBISWorld anticipates industry revenue to increase at an annualized rate of 4.2% to $586.2 billion over the five years to 2019. This includes a forecast increase... Learn More
2019-2020 Revenue Growth: 4.8%
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 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... Learn More
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