Industries with Largest Number of Businesses in United States in 2025

• 1. Trusts & Estates in the US

  Number of Businesses for 2025: 3,896,119

  The Trusts and Estates industry comprises trusts, estates and agency accounts administered on behalf of beneficiaries under the terms established in a fiduciary contract. Industry revenue, composed primarily of capital gains on trust assets and ordinary dividends, exhibited an increase over the past five years. The industry benefited from substantial yields in equity markets and appreciation in house prices during the current period. Over the past five years, revenue has climbed at a CAGR of ...

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• 2. Commercial Real Estate in the US

  Number of Businesses for 2025: 2,587,343

  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 20.4% in Q4 2024 from the pre-pandemic rate of 16.8%. However, leasing volumes for prime office spaces are set to climb, providing opportunities for seasoned investors. On the other hand, the multifa...

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• 3. Taxi & Limousine Services in the US

  Number of Businesses for 2025: 1,540,082

  Taxicabs and limousines are supported by per capita disposable income and consumer spending, while luxury sedans are supported by rising corporate profit and business activity. Following a period of dampened corporate demand due to high inflation impacts, businesses began regaining profitability, leading to a surge in demand for luxury travel options. Several major corporations rolled back work-from-home policies, encouraging their workforce to return to the office, further stimulating indust...

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• 4. Hair & Nail Salons in the US

  Number of Businesses for 2025: 1,421,158

  The hair and nail care industry showcases an evolving landscape with diverse services and a growing focus on healthier options. Salons are expanding their offerings, like premium gel services and holistic grooming options, to meet diverse client needs. There is a shift towards sustainable practices, with salons incorporating eco-friendly products and waterless pedicures, reflecting consumer values. Social media and technology are pivotal in enhancing client interaction and operational efficie...

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• 5. Direct Selling Companies in the US

  Number of Businesses for 2025: 1,271,749

  Direct-selling companies retail a range of products from one person to another away from a fixed retail location. The COVID-19 outbreak caused a substantial shift in the industry, as mass layoffs propelled industry participation levels, resulting in heightened performance. However, intense competition from big-box retailers and e-commerce has pressured the industry, as competitors can offer a wider selection of substitute products at lower prices and in a convenient one-stop location. Direct ...

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• 6. Janitorial Services in the US

  Number of Businesses for 2025: 1,232,252

  Janitorial service companies have undergone notable shifts over the past five years, largely influenced by the broader economic landscape. Economic growth has traditionally served as a catalyst for the industry's success, with commercial cleaning services making up a significant portion of the revenue stream. However, COVID-19 hit the market hard, with a dip in corporate profit and office closures curtailing demand. Despite these challenges, the industry managed to maintain positive revenue g...

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• 7. Personal Trainers in the US

  Number of Businesses for 2025: 1,167,424

  Personal trainers operate in two general areas: the most prominent segment is in gyms and other fitness centers. In contrast, the other segment is in-house operations, tailoring workouts and regiments to the individual client and their needs at home. This industry derives demand from downstream consumer groups. The group with the highest demand for personal trainer services are the 35- to 50-year-old consumers. Because of the nature of the industry, consumers with a higher per capita disposab...

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• 8. Performers & Creative Artists in the US

  Number of Businesses for 2025: 1,008,145

  The landscape for performers and creative artists has seen shifts influenced by economic pressures and emerging technologies. Recent economic fluctuations, including high interest rates and inflation, have dampened spending on fine art, affecting artists’ ability to monetize their work. The contraction in the fine art market has compounded these challenges. As traditional markets tighten, artists are increasingly relying on digital platforms and direct engagement with their audiences for supp...

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• 9. Real Estate Sales & Brokerage in the US

  Number of Businesses for 2025: 1,000,537

  The real estate sales and brokerage industry is navigating a complex landscape with high mortgage rates and dropping home sales. The Federal Reserve's decision to raise the benchmark interest rate 11 times across 2022 and 2023 to combat inflation led to a significant climb in mortgage rates, dampening buyer demand and affordability. This gain has deterred homeowners from selling, leading to low housing inventory. Despite the rate cuts that came in 2024, mortgage rates remain high, with the ty...

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• 10. Management Consulting in the US

  Number of Businesses for 2025: 954,896

  Management consultants continue to benefit from a robust demand stream for strategic planning and marketing services across the business and individual markets. Providing varied services to diverse downstream markets with unique needs allows management consultants to weather changing economic conditions. Core business interests, such as strategic planning, came into extra demand when inflationary spikes in 2022 and subsequent interest rate increases in 2023 accelerated the costs of business. ...

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