The industrial sector of the economy is entities and companies whose primary and secondary business is to manufacture and distribute capital goods, provide commercial, professional services and supplies as well as transportation services, exchange-traded and mutual funds.
This post gives you a complete overview of what the Industrials sectors are (Capital Goods, commercial & professional services, transportation, and finance/Stocks, exchange-traded funds, index and mutual funds ETFs). Thus, the categories and sub-categories of industrial sectors. More so, the fastest-growing industries or sectors and the world’s largest industries and their trends globally.
- What is the Industrial Sector
- A General Overview of Sector and Industry
- Is there a Difference between Industry and Sector?
- Five Sectors of the Economy
- What are the Six Major Industrial Sectors?
- Capital Goods
- Commercial and Professional Services
- Finance – Industrials Sector Stocks, Bonds, ETFs, and Mutual Funds
- Types of ETFs
- Mutual, Index and ETFs Funds
- Buy and Sell ETFs – How to Invest in Industrials Goods
- Real Estate
- Types of Real Estate
- How the Real Estate Industry Works
- Industrial Sector Trends
- The 10 Global Fastest Growing Industries
- The 10 Fastest-Growing Industries in the US
- An Overview of the World Industrials Productions Sector
- The Global Economic Trends and Supply Chain
- Over To you
Let’s get started!
It’s not news that we live in an era of disruption in which powerful global forces. In the meantime, the global pandemic, including crises, innovations, and politics are changing how we live and work.
Added, to the rise of China, India, and other emerging economies, the rapid spread of digital technologies, the growing challenges to globalization. And, in some countries, the splintering of long-held social contracts. Thus, these factors are all roiling business, the economy, and society.
In the same way, these and other global trends offer considerable new opportunities to companies, sectors, countries, and individuals that embrace them successfully. Although, the downside for those who cannot keep up has also grown undue.
For business leaders, companies, and individuals, figuring out how to navigate these skewed times may require some radical rethinking.
Therefore, the more reason the knowledge of the current growth of the Industrial sectors. And where all the industries are headed, is a thing that you should be concerned with. Of course, that’s if you must face the drastic change experienced in many industries today.
What is the Industrial Sector?
Industrials Sector Definition; to rightly define the industrial sector, it is not just a subject but entities and companies whose primary and secondary focus is to. (1) Manufacture and distribute capital goods. (2) Provide commercial and professional services and supplies. (3) And as well provide transportation services and exchange-traded and mutual funds.
Although, there exist other functions like to generate energy and manage housing and shelter for the general society.
Often, people mistake the industrial sector with material and manufacturing sectors. No doubt! These sectors might be similar but they have a varying difference. More so, people confuse sector with industry, to help you understand the key difference. I will give a brief explanation below.
What is Industry?
Industry in the economic sense refers to the production of economic goods or services within an economy or a sector.
What are Sectors?
Sectors are areas of the economy in which businesses/companies offer related products or services. In a sense, interconnected in their productions and distributions of products or services.
To further explain, I will turn to fidelity.com – financial news and investment analyst site; “The terminology of industries and sectors is essentially a reflection of how people tend to talk about the economy and the business world.
Therefore, companies are assigned to an industry based on the similarity of their primary line of business.
That is to say, related industries are aggregated into a few major sectors. In short, it’s a matter of scope. Sectors pertain to big, generic categories of the economy and are generally limited to a dozen or so. Though, it depends on the classification system used. Industries and subindustries are increasingly specific and contain progressively fewer members.
For example, the Health Care sector includes such industries as Equipment and Supplies. And Care Providers & Services and Pharmaceuticals. Each of these industries can be further broken down into subindustries, depending on the degree of detail desired.
A General Overview of Sector and Industry
That said, with what we have clearly stated so far, I will mention SECTORS and INDUSTRIES to help give you a deepening root.
SECTORS; Communication Services, Consumer Discretionary, Materials, Information Technology. Next, Consumer Staples, Health Care, and Utilities.
INDUSTRIES; Commercial & Professional Services, Transportation, Capital Goods, Financials. Next, Real Estate, and Energy.
As earlier noted, in the above-listed sectors and industries, there exist sub-sectors and industries far broader.
Is there a Difference between Industry and Sector?
Industries and sectors are terms used by economists to define and analyze a given economy. Furthermore, the world, national, regional, or local. More so, it’s used by financial analysts to break down the stock or equity market. As a result, it is what we care about in our everyday affair.
Moreover, it’s so important to investors because sectors and industries form the framework for investment research, portfolio management, and asset allocation”.
Therefore, an industry is a broader term. It includes the manufacturing of tangible materials like metals, electricals, textiles, etc., service sectors like IT and ITES. Other creative sectors involving intellectual property like films, music, games, sports, etc.
In sum, the Material and Manufacturing sector is only a part of the overall industrial sector.
Furthermore, to make it a bit clearer, let’s look at the five sectors of the economy in brief.
Five Sectors of the Economy
To give you an in-depth overview, I’m going to describe the five sectors of the economy;
- Primary Sector/Material– this sector of the economy provides raw materials. It consists of Agriculture, Forestry, Fishing, Dairying, drilling. And unregulated mining. Thus, using the following processes like crushing. Next, roasting, magnetic separation, flotation, leaching, etc. Examples of raw materials include steel, oil, corn, grain, gasoline, lumber, forest resources. And plastic, natural gas, coal, minerals, etc.
- Secondary Sector/Industrial– this sector provides products. It consists of Manufacturing, Construction, Electricity, Gas, and water supply.
- Tertiary Sector/Service– The Tertiary sector otherwise called the service sector provides services such as; Government services (L&O, Defense). Private Services (Trading, Hotels), Community Services (Public Parks).
- Quaternary sector/Information Service– the Quaternary of the economy provides information services. Such includes knowledge-oriented economic sectors like information technology; media; research and development. Information-based services such as information-generation and information-sharing. And knowledge-based services such as consultation, education, financial planning, blogging, and designing.
- Quinary Sector/Human Service– the Quinary sector of the economy provide human services. Quinary activities are services that focus on control such as government. And creation or non-routine use or creation of information and new technologies. Sometimes referred to as ‘gold collar’ professions. They represent another subdivision of the tertiary sector representing the special and highly paid skills of senior business executives. And government officials, research scientists, financial and legal consultants, etc. The highest level of decision-makers or policymakers performs quinary activities.
What are the Six Major Industrial Sectors?
According to Cougar Investment Fund – the Industrial sector is very important in the S&P 500. There are 64 companies within the Industrial sector, accounting for a total weight of 10.83% of the S&P 500.
Thus, companies in the Industrial sector do five kinds of business: manufacture and distribute capital goods. And provide commercial services and supplies, provide transportation services and finance – exchange-traded and mutual funds (ETFs). Including to generate energy and manage residential structure. This is what makes up the six key industry sectors.
At this point, we are going to discuss the six major industrial sectors. do well to view them from your profession. More so, for new people looking for places to invest in, this overview will help you channel your ideas in the right place;
- Capital Goods
- Commercial and Professional Services
- Finance (Exchange Trade Funds (ETFs), Mutual and Index Funds)
- Real Estate
#1: Capital Goods
The Capital Goods group is the largest group – 74.8% of the total market capitalization of the Industrial sector. In the Capital Goods group, companies produce durable goods or products that are used in the production of other goods and services. It is as easy as that.
But in most cases, they major in the production or manufacturing of equipment and tools. In turn, help to produce other useful goods and services for the consumers or society at large.
For example, capital goods industries are termed the manufacturing industrial sectors like;
- General Electric
- Corning and Lockheed Martin
- 3M Company
- United Technologies Corp
- Dover Corporation
- Illinois Tool Works Inc.
- Hannifin Corporation
- Eaton Corporation
- Emerson Electric Co,
- Masco Corporation
- Fluor Corporation
- Jacobs Engineering Group
- Fastenal Company
- Grainger, Inc.
So, below is the list of categories and sub-categories of industries that falls within the capital goods industrial sector;
Aerospace & Defense – is the biggest industry, accounting for 25.8% of the Industrial sector. These are companies that manufacture civil and military aerospace and defense equipment and electronic systems
Building & Home Improvement Products – this sector manufactures building components and home improvement products and equipment. (Note that the production of lumber/plywood and cement are not in capital goods as they are grouped under the materials sector).
Construction & Engineering – companies that construct non-residential and residential buildings structures. Thus, they are part of the consumer discretionary sector).
Electrical component and Equipment – With a market capitalization totaling 7.69%. Produces electric cables and wires. More so, electrical components and power-generating equipment that are classified as heavy electrical equipment
Industrial Conglomerates – This sector holds the second largest market capitalization of the industrial sector at 18.8%. Therefore, the sector engages in wider business scope.
Machinery – This industry has a total market capitalization of 18.08%. In this sector, they major in the production of heavy-duty trucks, rolling machinery, heavy farm machinery. And other construction equipment.
Agricultural & Farm Machinery – Companies that produce farm machinery and equipment.
Industrial Machinery – Companies that produce industrial machinery
Trading Companies – Trading companies produce kinds of products which are sold for consumer, business, or government purposes.
Growth Circle in the Industrial Goods Sector – Capital Goods
According to Investopedia “When the economy contracts during recessions. Thus, activity in the industrial goods sector drops because companies postpone expansion and produce fewer goods.
However, with this sector covering a wide range of subsectors, there is usually at least one area of growth in the industrial goods sector. As a result, the industrial goods sector goes through life cycles that see different subsectors in growth phases.
Stages of Growth Circle in the Industrial Goods Sector
I try by going to find growth stages to include for your use here. Therefore, the major stages of the growth cycle are;
- Accelerating growth
- Decelerating growth
- Accelerating decline
- Decelerating decline.
To this effect, investors do well when they pay attention to the industry trends and progression of the growth cycle. That said, companies in the accelerating growth and decelerating decline phases have the best performance. Thus, are given higher multiples due to their upcoming growth.
It makes sense, fact, and stats to say that many of the subsectors go through bullish growth cycles lasting for years before seeing a retraction. For example, the aerospace and homebuilding sectors have both gone through these cycles.
Also, you need to know that other areas, such as industrial conglomerates and waste management, have provided steady streams of revenue generation”.
For instance, the Bureau of Labor Statistics (BLS) provides a resource for investors and analysts at the sector level. That is to say, the BLS populate statistics such as employment, union membership, growth projections. And hourly wages, and last fatalities/injuries.
However, if interpreted well by investors’ growth cycles can be traced. To be factual, it helps to know when an industrial sector or sub-sector is growing or declining.
The Top World Industrial Sectors – The Largest Industrial Goods Companies in the World
To bring to your view the top industries in control of many brands and products that you don’t even know they own. Although, they have grown to operate in different levels of the economic sector.
Namely, the primary, secondary, tertiary, Quaternary, and Quinary sectors of the economy. More so, it makes sense to say that their business line generally is to offer goods and services. But no doubt, they control the most global brands. Here is the list of World dominating Industrial Sectors;
- WD-40 (WDFC )
- Clorox Co. (CLX )
- Scotts Miracle-Gro Co. (SMG )
- Tootsie Roll (TR )
- Nutrisystem (NTRI )
- Unilever (UL )
- PepsiCo (PEP )
- Coca-Cola Co. (KO )
- Anheuser-Busch InBev (BUD )
- Procter & Gamble (PG )
- Kraft (KRFT )
- The J.M. Smucker Company (SJM )
- Darden Restaurants (DRI )
- Comcast Corporation Liquid error: internal
- IBM Corp. (IBM )
- General Electric (GE )
#2: Commercial and Professional Services
It’s worth knowing that in the commercial and professional service sector companies offer business services. Thus, these services can be categorized as commercial & Supplies and Professional Services.
To even go a bit further, the service demand of this sector seems to be the most stable among other sectors. That is so because their services are highly needed daily.
Wait a bit, come to think of it, who doesn’t need waste management and office supplies like printing, office cleaning, security, etc. It’s no hype. These supplies are what we need every day. It’s needed by the small, the average, and the big people in our society. In other words, the low, middle & high class needs these services daily.
To help you have a full view of what companies exist in this sector. I made a complete list of them with examples of top companies. Namely, Robert Half International, Verisk Analytics ADT, Waste Management Inc., Nielsen, and Pitney-Bowes. The sector market cap aggregate to a total of 4.45%. To know the sector service offer, below is the list, such as;
- Commercial Printing services such as media printing; printing of magazines or books.
- Environmental & Facility management services such as waste disposal and pollution control.
- Office Services & Supplies services like help with office tasks and processing of office activities.
- Diversified Support Services such as office cleaning, catering, transaction processing, uniform rental, and building repair and maintenance.
- Security & Alarm Services such as prisons, security systems, armored vehicles, and security guards.
- Professional Services – Human Resource & Employment Services such as employment agencies, temp agencies, payroll services, and employee benefits administrators.
- Research & Consulting Services such as management consulting, architecture, marketing, and research.
Wait, you would agree with me that our society can’t run without the service of this sector. So, in the transportation sector, passengers and goods are transported by transportation services, management service, and maintenance services.
I also included examples of companies that have a wide recognition all over the globe. Namely, FedEx and UPS, Delta, Southwest. Next, CSX Corporation, Delta Air Lines, J.B. Hunt Transportation, American Airlines. Next, Union Pacific and Kansas City Southern.
As a result, these companies are the top in the list of transportation industries that provide packages, mail delivery. And the transportation of goods & people. Added with logistics to millions of consumers or customers around the globe.
I also carried out in-depth research to include the list of industries grouped under transportation. Thus, making sure you have the info for your reference and to as well make a good carrier decision.
- Air Freight & Logistics provides consumers with a package, mail delivery services; air freight, courier, and logistic services.
- Airlines provide air transportation service; goods and passengers
- Marine provides commercial water transportation services such as cruise ships to passengers and goods.
- Road & Rail provide rail transportation services to passengers and goods.
- Trucks provide passengers with commercial vehicle transportation services such as trucking companies, rental car companies, and taxi services.
- Transportation Infrastructure such as Airport Services that provide and operate airports that offer air transportation services.
- Highways & Rail Tracks provide roads, tunnels and railways transportation services
- Marine Ports & Services provide water transportation through marine ports.
See, you can’t argue it, money is everything. Thus, the financial sector is a section of the economy made up of firms and institutions that provide financial services to commercial and retail customers.
To find a carrier in the finance sector, you will need to narrow down to a tiny sub-niche. That is because this sector is made of a broad range of industries of financial institutions. Namely, banks, investment companies, insurance companies. Next, real estate firms, brokers, and money markets.
Another set of areas are financial services. Namely, businesses that manage money. That includes credit unions, credit-card companies. Next, accountancy companies, consumer-finance companies, stock brokerages, investment funds. And individual managers, and some government-sponsored enterprises.
The Money Markets – Exchange Trade and Mutual Funds Industrial Sectors (ETFs)
At this point, I will lead you further into a separate part of the finance sector called the “MONEY MARKET”. In other words, it’s called the exchange-traded fund (ETF). By definition, it’s an investment fund traded on stock exchanges, much like stocks. An ETF holds assets such as stocks, commodities, or bonds. And generally operates with an arbitrage system designed to keep it trading close to its net asset value. Although, deviations can sometimes occur.
Types of ETFs
If you are new to the money market, you won’t know there exist a lot of ETFs available to investors. Thus, Investors use it for income generation, speculation, price increases. And to hedge or partly offset risk in an investor’s portfolio. I carried out research and I was able to come out with all types of ETFs. The list can be trusted given that it came from an authority site. I did well to add them below with brief info on each.
- Currency ETFs– invest in foreign currencies such as the Euro or Canadian dollar.
- Market ETFs: Created to track a particular index like the S&P 500 or NASDAQ
- Bond ETFs: Created to provide exposure to virtually every type of bond available; US Treasury, corporate, municipal, international, high-yield and several more
- Sector and industry ETFs: Created to provide exposure to a particular industry, such as oil & gas pharmaceuticals, or high technology. And banking.
- Commodity ETFs: Created to track the price of a commodity, such as gold, oil, or corn
- Style ETFs: Created to track an investment style or market capitalization focus, such as large-cap value or small-cap growth
- Foreign market ETFs: Created to track non-US markets, such as Japan’s Nikkei Index or Hong Kong’s Hang Seng index
- Inverse ETFs: Created to profit from a decline in the underlying market or index
- Actively managed ETFs: Created to outperform any index, unlike most ETFs, which are designed to track an index
- Exchange-traded notes (ETNs): In essence, debt securities backed by the creditworthiness of the issuing bank, which were created to provide access to illiquid markets; they have the added benefit of generating virtually no short-term capital gains taxes
- Alternative investment ETFs: Innovative structures, such as ETFs that allow investors to trade volatility or gain exposure to a particular investment strategy, such as currency carry or covered call writing
Mutual, Index and ETFs Funds
I also did careful research on the mutual, index, and ETF funds. To my finding, a came across a comprehensive list of ETFs, mutual, and index fund list on the value penguin website. The good thing is that they all fall between the discussed industrial sectors; capital goods, transportation. And other industrial services.
I also added a little detail like their symbol attached to each one’s name below;
- Industrial Select Sector SPDR XLI
- Vanguard Industrials ETF VIS
- Fidelity MSCI Industrials ETF FIDU
- PowerShares S&P SmallCap Industrials ETF PSCI
- SPDR S&P Transportation ETF XTN
- SPDR S&P Aerospace & Defense ETF XAR
- Guggenheim S&P Equal Weight Industrials ETF RGI
- SPDR S&P International Industrial Sector ETF IPN
- iShares U.S. Aerospace & Defense ETF ITA
- Vanguard Industrials Index Admiral Shares VINAX
- iShares Transportation Average IYT
- iShares U.S. Industrials ETF IYJ
- iShares Global Industrials ETF EXI
- Fidelity Advisor® Industrials Fund Class A FCLAX
- Putnam Global Industrial Fund Class A PGIAX
- Fidelity Advisor® Industrials Fund Class T FCLTX
- Rydex Transportation Investor Class RYPIX
- ICON Industrials Fund Class S ICTRX
- Putnam Global Industrial Fund Class R PGIOX
- Rydex Transportation Fund Class A RYTSX
- ICON Industrials Fund Class A ICIAX
- WisdomTree Japan Hedged Capital Goods ETF DXJC
- Market Vectors Environmental Services ETF EVX
- First Trust ISE Water ETF FIW
- Global Jets ETF JETS
- PowerShares DWA Industrials Momentum ETF PRN
- PowerShares Water Resources ETF PHO
- First Trust Industrials/Producer Durables AlphaDEX ETF FXR
- Guggenheim S&P Global Water ETF CGW
- Guggenheim Shipping ETF SEA
- Global X China Industrials ETF CHII
- PowerShares Aerospace & Defense ETF PPA
- First Trust RBA American Industrial Renaissance ETF AIRR
- PureFunds Drone Economy Strategy ETF IFLY
- PowerShares Global Water ETF PIO
- Fidelity® Select Industrial Equipment Portfolio FSCGX
- The Fidelity® Select Industrials FCYIX
- Fidelity Advisor® Industrials Fund Class I FCLIX
- The Fidelity® Select Defense & Aerospace Portfolio FSDAX
- Fidelity® Select Transportation FSRFX
- The Fidelity® Select Air Transportation Portfolio FSAIX
- Fidelity® Select Environment and Alternative Energy Portfolio FSLEX
- ProShares Ultra Industrials UXI
- ARK Industrial Innovation ETF ARKQ
- ProSharesUltraShort Industrials SIJ
- Putnam Global Industrial Fund Class Y PGILX
- Rowe Price Global Industrials RPGIX
- Putnam Global Industrial Fund Class M PGIHX
- Fidelity Advisor® Industrials Fund Class C FCLCX
- Fidelity Advisor® Industrials Fund Class B FCLBX
- Rydex Transportation Fund Class H RYPAX
- Putnam Global Industrial Fund Class C PGIEX
- Putnam Global Industrial Fund Class B PGIVX
- Rydex Transportation Fund Class C RYCNX
Key Note: Investors should be aware that many inverse ETFs are exchange-traded notes (ETNs) and not true ETFs. Furthermore, an ETN is a bond but trades like a stock and is backed by an issuer like a bank.
In the best of your interest, I will encourage you to certainly make sure you check with your broker to determine if an ETN is the right fit for your portfolio.
Buy and Sell ETFs – How to Invest in Industrial Goods
It might interest you to know that the common benchmark in the industry is the MSCI USA Industrials Index. On the other hand, ETFs traded through online brokers and traditional broker-dealers.
To clear state how ETFs are traded. Indeed, you need to know how investors make their money or save their cash. In a brief form, investors invest in individual industrial goods stocks or look to mutual funds and exchange-traded funds (ETFs). As a result, make their income when there is a gross increase in revenue or an increase in the market price of such stock.
To make it easier to for you, you need sound info in other not to make the wrong investment choice. So, Furthermore, you will need to research online to come up with the best list of ETFs brokers and read reviews to make decisions about where to buy and sell exchange-traded funds.
That said, I will like to leave you with vital info you need to keep in mind. That is, Funds are traded within the industrial goods sector and subsectors of industrial goods. Furthermore, there exist two largest funds tracking sectors; The Industrial Select Sector SPDR Fund and Vanguard Industrials ETF.
#5: Real Estate
There is no ordered society without real estate. To the best of my depth, real estate is the land and any permanent improvements attached to the land. Bet it natural or man-made including water, trees, minerals, buildings, homes, fences, and bridges.
Types of Real Estate
Residential real estate – Any property used for residential purposes. Examples include single-family homes, condos, cooperatives, duplexes, townhouses. And multifamily residences with fewer than five individual units.
Commercial real estate – Any property used exclusively for business purposes, such as apartment complexes, gas stations, grocery stores. Next, hospitals, hotels, offices, parking facilities, restaurants, shopping centers, stores, and theaters.
Industrial real estate – Any property used for manufacturing, production, distribution, storage. And research and development. Examples include factories, power plants, and warehouses.
Land – Includes undeveloped property, vacant land. And agricultural land (farms, orchards, ranches, and timberland).
Special-purpose – Property used by the public, such as cemeteries, government buildings. Next, libraries, parks, places of worship, and schools.
How the Real Estate Industry Works
In a real sense, the real estate industry is very large, but people limit it to just brokers and salespeople. The reason is simple. In their everyday life what they come across is the sales of land and other housing units.
However, millions of people earn a living through real estate, not only in sales and brokerage but also in appraisals, property management. Next, financing, construction, development, counseling, education, and other fields.
In the same way, you can’t go on without adding professionals and businesses—including accountants, architects, banks, title insurance companies.
Thus, surveyors and lawyers—also depend on the real estate industry. This is just the total round up of the many aspects of the real estate industry.
You don’t even need to think it, even the laptop I’m typing this write from uses energy. As a result, if it is not charged it can’t turn on. Meanwhile, if there is no electric current, it can’t charge. As a matter of fact, you won’t have this helpful blog post to read.
Thus, the energy industry is the totality of all the industries involved in the production and sale of energy, including fuel extraction. Next, manufacturing, electricity generation, refining, and distribution.
That said, you need to know in theory that our modern society consumes large amounts of fuel. In other words, the energy industry is a crucial part of the infrastructure and maintenance of society in almost all countries. The energy industry consists of;
Fossil fuel industries – Companies that produce Fossil fuels which include petroleum industries (oil companies, petroleum refiners, fuel transport. And end-user sales at gas stations) coal industries (extraction and processing). And the natural gas industries (natural gas extraction, and coal gas manufacture, as well as distribution and sales).
Electrical power industry
– Companies that produce or generate, sales, and distribute electric power supplies. They include electricity generation, electric power distribution, and sales,
Nuclear power industry – the use of nuclear reactions that release nuclear energy to generate heat. So, companies mostly use nuclear power in steam turbines to produce electricity in a nuclear power plant. Nuclear power can be obtained from nuclear fission, nuclear decay, and nuclear fusion reactions. Presently, the vast majority of electricity from nuclear power is produced by nuclear fission of uranium and plutonium.
In the other to give a detailed use, the nuclear decay processes are used in niche applications such as radioisotope thermoelectric generators. Furthermore, generating electricity from fusion power remains at the focus of international research
Renewable energy industry – These are companies that provide support power supply through other means of power generation, sales, and distribution. They include alternative energy and sustainable energy companies. Namely, those involved in hydroelectric power, wind power, and solar power generation. Next, the manufacture, distribution, and sale of alternative fuels.
Traditional energy industry – this industry supply locally generated power used basically for local combustion by the collection and distribution of firewood. As a result, for cooking and heating. It’s particularly common in poorer countries.
Industrial Sector Trends
You have arrived at a new but different aspect of this post. At this point, I’m going to delve a bit into the world or global industrial sector trends. Furthermore, the current changes and emerging players in the global economy.
The 10 Global Fastest Growing Industries
See, I don’t want to spill out a list for you, knowing fully well that your career depends on it. So, before I came up with this list, I made sure it was verified in up to for globally recognized economic site. Though, it didn’t include any info in each, just a list. I think with the list you can carry out any further research that might be of help. Therefore, it consists of the fastest-growing industries globally and their growth rate in the year 2020.
- The Global Respiratory Ventilator Manufacturing 54.8%
- Global Sugar Manufacturing 8.8%
- The Global Military Shipbuilding & Submarines 8.5%
- Global Public Relations Agencies 6.3%
- The Global Auto Parts & Accessories Manufacturing 6.2%
- Global Consumer Electronics Manufacturing 6.2%
- The Global Music Production and Distribution 6.2%
- The Global Pension Funds 5.8%
- Global Airport Operation 5.0%
- Global Engineering Services 4.9%
The 10 Fastest-Growing Industries in the US
In fact, if you ask me, I did have included a lot of research and stats in this post. But while I did so is because I want to leave full of info and facts you need to make a good career choice. Sadly, we have a few months left to exit the year 2020. Thus, the next year -2021 is already looking at us and wondering what we have in store for it. So, do well to make use of these stats to further make a good business decision. In detail, this is the list of the fastest-growing industry in the United States and their growth rate.
- 3D Printing & Rapid Prototyping Services 28.8%
- Hydraulic Fracturing Services 27.8%
- Autonomous Underwater Vehicle Manufacturing 26.7%
- Stock & Commodity Exchanges in the US 26.3%
- Medical & Recreational Marijuana Growing 25.2%
- Massage Franchises 23.6%
- Medical & Recreational Marijuana Stores 23.4%
- Meal Kit Delivery Services 22.8%
- Video Conferencing Software Developers 21.4%
- Community Housing & Homeless Shelters in the US 21.2%
An Overview of the World Industrials Productions Sector
Sincerely, I wanted to see how I can give you an overview of what the world is up to and where they are headed. So, I did all I could to put up the info in the best readable form. Thus, making sure that a lot of industry words or jargon are removed for your comprehension. So, the worldwide industrials production is highlighted by four reports. Furthermore, the report quarterly investigated the situation of worldwide industrials production and its outlook.
To begin with, on June 13th, 2020 – The selected countries absorb 82% of machine exports from Germany. These are the three country groups’ industrialized countries (European Union, the USA, and Japan), BRIC countries (Brazil, Russia, India, and China). And MIST countries (Mexico, Indonesia, South Korea, and Turkey). The trend analysis is based on the five structural changes in the course of industrial production from 2000 to 2020.
In other words, it is not just demanding, it’s both good news and a sad one to some as the countries are moving into a major global rule. That said, they exist critical questions related to the future of manufacturing systems.
The Global Economic Trends and Supply Chains
Above all, to make things clear, the development of global value chains has facilitated the rapid integration of emerging regions into the global economy, which are increasingly exerting competitive pressures on traditional manufacturing nations. Therefore, China, India, and Brazil have recorded very high growth rates of manufactured exports in the last decade.
Furthermore, it makes sense and fact to say that the following are leading countries and highly competitive exporters: India in software and IT-enabled services, China in skill-intensive manufactures, and Brazil in agricultural products. Thus, Latin America is playing an increasingly important role as a supplier of raw.
Over To you
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