Biggest Industries by Revenue in United States in 2025

• 1. Commercial Banking in the US

  Revenue for 2025: $1571.4B

  Commercial Banks generate most of their revenue through loans to customers and businesses. Loans are set at interest rates that are influenced by different factors, including the federal funds rate (FFR), the prime rate, debtors' creditworthiness and overall macroeconomic performance. The industry experienced growth due to a strong economy and elevated interest rates, which drove up interest income on loans, boosting profitability. However, loan volumes were limited as borrowing costs climbed...

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• 2. Health & Medical Insurance in the US

  Revenue for 2025: $1542.2B

  Health and medical insurance companies experienced significant fluctuations in performance in recent years. The onset of COVID-19 led to a substantial increase in healthcare spending in 2020 and 2021, as demand for medical services surged. Consequently, investment in health insurance witnessed a dramatic rise, contributing to robust revenue growth during these years. However, with inflation peaking in 2022, consumer purchasing power diminished, causing households to reduce their spending on h...

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• 3. Commercial Real Estate in the US

  Revenue for 2025: $1536.2B

  The Commercial Real Estate (CRE) industry is exhibiting significant variations across markets, with persistently high office vacancy rates juxtaposed against thriving prime office spaces. Hard hit by the widespread adoption of remote and hybrid work models, the overall office vacancy rate rose to 20.7% in Q2 2025, up from the pre-pandemic rate of 16.8%. However, leasing volumes for prime office spaces are climbing, providing opportunities for seasoned investors. On the other hand, the multifa...

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• 4. Hospitals in the US

  Revenue for 2025: $1517.3B

  Hospitals play a critical role in healthcare, offering specialized treatments and emergency services essential for public health, regardless of economic fluctuations or individuals' financial situations. Rising incomes and broader access to insurance have fueled demand for care in recent years, supporting hospitals' post-pandemic recovery initiated by federal policies and funding. The recovery for many hospitals was also promoted by mergers that lessened financial strains, especially in rural...

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• 5. Drug, Cosmetic & Toiletry Wholesaling in the US

  Revenue for 2025: $1319.6B

  Over the past five years, drug, cosmetic and toiletry wholesalers have adapted to a changing landscape across health and wellness, which continues to fuel steady revenue growth in the industry. The expansion of consumers interested in preventive healthcare has contributed to a sustained need for over-the-counter (OTC) products, weight-loss drugs and nutritional supplements. At the same time, many wholesalers are pursuing vertical integration strategies, acquiring specialty firms and forging t...

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• 6. New Car Dealers in the US

  Revenue for 2025: $1255.5B

  New car dealers in the US have seen dramatic shifts in recent months, shaped by global supply chain woes, shifting consumer preferences and a rush to beat impending tariffs. March 2025 stood out as a particularly robust period, with new car sales hitting their highest monthly pace in nearly four years. However, this surge is likely to prove short-lived, with much of it attributed to customers moving up planned purchases. Revenue has climbed at a CAGR of 2.7% to an estimated $1.3 trillion thro...

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• 7. Gasoline & Petroleum Bulk Stations in the US

  Revenue for 2025: $1099.8B

  Gasoline and petroleum bulk stations manage bulk storage tanks and terminals for crude oil and petroleum products, including gasoline, diesel fuel, fuel oil and liquid petroleum gases (LPGs). These bulk stations are often located near major refineries, ports and industrial centers to quickly and efficiently receive product and unload it to customers, playing an important role in the crude oil and petroleum products supply chain. Bulk stations can be as large as a multitank facility with the c...

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• 8. Public Schools in the US

  Revenue for 2025: $1034.8B

  Public schools have managed to maintain revenue growth despite significant shifts in funding, enrollment and parental preferences. Class sizes are shrinking every year as birth rates drop and the high school retention rate stagnates, straining revenue as smaller schools see lessened funding from governments. Public schools have contended with heightened competition from alternative education options, especially homeschooling and private institutions, as parents seek mor...

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• 9. Property, Casualty and Direct Insurance in the US

  Revenue for 2025: $1021.1B

  General insurers can provide industry services at a fraction of the potential loss by pooling premiums to pay for losses some policyholders incur. The industry is an indispensable part of risk management in the domestic economy. General insurers derive income from insurance premiums and investing in bonds, stocks and other assets. Most property and casualty premiums are obtained through renewing policies relating to existing risks. Changes in risk exposure and pricing conditions affect remain...

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• 10. Life Insurance & Annuities in the US

  Revenue for 2025: $1017.7B

  Demand for life insurance and annuities has been volatile in recent years. When businesses shuttered in 2020 to curb the spread of COVID-19, consumer spending took a nosedive, causing a ripple effect that significantly impacted the industry. With rising unemployment and a drop in investment from households, both individual and group life insurance and annuity products saw decreased demand, severely hindering revenue growth. However, as pandemic-related restrictions eased, the economic recover...

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