Based on the expert analysis and our database of 70+ Global industries, IBISWorld presents a list of the Industries with the Biggest Increase in Profit Margin Global in 2023
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View a list of the Top 25 industries with the biggest increase in profit marginPercentage Point Increase for 2023: 13.3pp
In the Global Semiconductor and Electronic Parts Manufacturing industry, demand for downstream consumer electronics, automobiles, computers and industrial machinery has risen, as global per capita income and internet connectivity have increased over the five years to 2022 and have driven downstream demand. However, fluctuating product and input prices have led to oscillations in industry revenue, resulting in revenue declining before the current period, only to recover in 2017 and 2018 as memory prices soared before sharply falling again in 2019. In 2020, while the COVID-19 (coronavirus) pandemic led to widespread global economic damage, industry revenue grew. This can be primarily... Learn More
Percentage Point Increase for 2023: 9.6pp
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 2022. 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
Percentage Point Increase for 2023: 4.9pp
The Global Sports Betting and Lotteries industry consists of operations providing gambling services such as sports betting and lottery contests. The industry has experienced substantial turbulence over the five years to 2022, although it is ultimately expected to grow. Strong demand for industry operations, coupled with regulatory advancements and rising per capita disposable income, were offset by the COVID-19 (coronavirus) pandemic, which cratered demand in 2020. However, the industry has experienced a strong recovery since 2021, pushing overall industry revenue to rise an annualized 1.1% to $231.3 billion over the five years to 2022. In 2022 alone, revenue is projected... Learn More
Percentage Point Increase for 2023: 3.6pp
The Global Investment Banking and Brokerage industry is expected to perform well over the five years to 2022, despite the COVID-19 (coronavirus) pandemic causing economic fallout. Between 2016 and 2019, the industry experienced revenue growth as a result of global economic growth. However, geopolitical tensions did weigh down on advisory service revenue. The industry is anticipated to grow an annualized 5.6% to $396.4 billion over the five years to 2022. Revenue from the industry's debt and equity underwriting segments increased drastically over 2020 and 2021 as companies and governments needed to raise cash quickly. In addition, economic uncertainty spiked as... Learn More
Percentage Point Increase for 2023: 2.6pp
The Global Car and Automobile Manufacturing industry started the five years to 2022 flat out with consumers, business and government spending more than ever on passenger vehicles amid stable macroeconomic growth and historically low interest rates. Significant improvements on the technological front, particularly in regard to hybrid and electric vehicles, internal combustion engine fuel efficiency, infotainment development and autonomous driving capabilities, have also spurred demand from a more affluent private sector for new vehicles. However, the industry was very quickly forced into unfamiliar territory when the COVID-19 pandemic led to a monumental slowdown in demand for and supply of passenger... Learn More
Percentage Point Increase for 2023: 0.8pp
Operators in the Global Oil and Gas Exploration and Production industry find and extract crude oil and natural gas from oil and gas reserves across the world. Over the five years to 2022, the prices of crude oil and natural gas have fluctuated despite steady growth in production, which has caused revenue fluctuations. Slowing global demand alongside continually rising supply caused prices to plummet prior to the period and in 2020, before rapid growth in both 2021 and 2022. Overall, industry revenue is forecast to grow an annualized 12.3% to $5.0 trillion over the five years to 2022, including forecast... Learn More
Percentage Point Increase for 2023: 0.7pp
Global travel agencies' revenue has grown despite core services dramatically changing due to consumers using online channels to research and book travel. Online booking agents now play a much more significant role alongside traditional brick-and-mortar travel agencies. International tourism thrived before COVID-19, but it severely cut into revenue in 2020, followed by a rebound in 2021 as the economy returned to normal. Global travel agencies' revenue has expanded at a CAGR of 2.5% to $474.7 billion through the end of 2023, including a 9.9% increase in 2023 alone.
Brick-and-mortar travel agencies have reinvented themselves to remain relevant and competitive as online... Learn More
Percentage Point Increase for 2023: 0.6pp
Ongoing trade liberalization, global economic expansion and growing Asian economies have been the main factors propelling global marine and container terminal operators. However, slower global growth tempered industry expansion, while uncertainty due to geopolitical tensions further setback industry performance. The COVID-19 pandemic's disruptions to international trade led to major volatility as shipping volumes surged following a contraction in 2020. As a result, revenue has increased at CAGR of 3.2% to $67.0 billion through the end of 2023, including a 3.0% increase in 2023 alone as trade flows remain elevated.
Steadily rising levels of global consumer spending and production activity contributed to... Learn More
Percentage Point Increase for 2023: 0.6pp
Over the five years to 2022, the Global Casinos and Online Gambling industry 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 2022, there are 36 casinos located on the island. Additionally, 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, some Asian governments, such as that of China, limit domestic access to casinos. Furthermore, operators across the globe experienced... Learn More
Percentage Point Increase for 2023: 0.4pp
Over the five years to 2022, revenue for the Global Car and Automobile Sales industry is expected to fall primarily due to the economic fallout associated with the COVID-19 (coronavirus) pandemic. Despite early-period growth, declines in automobile sales in many European nations, trade tensions between the United States and China and upward price pressure due to a global semiconductor shortage have undermined industry expansion during the period. Recoveries from the pandemic have been muted as the conflict between Russia and Ukraine has curbed GDP growth in that region, while inflationary pressure in the United States is anticipated to offset the... Learn More
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