Based on the expert analysis and our database of 70+ Global industries, IBISWorld presents a list of the Industries with the Highest Growth in Employment Global in 2024
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View a list of the Top 25 industries with the highest growth in employmentEmployment Growth for 2024: 9.8%
The industry will increase at a CAGR of 0.8% to $2.3 trillion over the five years to 2023, including a growth of 13.9% in 2023 alone. Global tourism has performed well during most of the five-year period, with emerging economies stimulating growth. Countries in Asia and South America have experienced robust growth in per capita income, which has enabled consumers in these regions to take overseas trips in increasing numbers. But because of COVID-19, industry revenue collapsed 40.1% in 2020. The global outbreak had an enormous effect on all tourism-related industries as many countries suspended international travel and limited the... Learn More
Employment Growth for 2024: 5.0%
The Global Spirits Manufacturing industry has benefited from premiumization trends in both developed and emerging economies over the past five years. Emerging markets like China and India have picked up the slack from declines in Eastern Europe resulting from political tensions and government intervention. Spirit consumption in emerging markets has flourished alongside population growth and urbanization, while consumers in developed economies have spent more on spirits by trading up to premium products. The rising trend of ready-to-drink cocktails has fueled growth in developed economies, staving off competition from substitute beverages like wine and beer. Over the past five years, revenue... Learn More
Employment Growth for 2024: 4.6%
Digital music has ultimately shifted how artists engage with fans, a transition that has had major implications for global music producers and distributors. Digital sales have plummeted as subscriptions to streaming platforms providing massive libraries of albums surge. Physical sales have dipped but declined considerably as a share of revenue because of surging growth from streaming royalties. Industry-wide revenue has been growing at a CAGR of 4.4% over the past five years and is expected to total $38.7 billion in 2023, when revenue will jump by an estimated 3.3%, with profit set to climb to 9.5%.
The outbreak of COVID-19 had... Learn More
Employment Growth for 2024: 3.8%
Engineering companies 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 for construction or development. The performance of the industry relies on investment trends and the overall health of the economy to fuel projects where engineering services are needed. Strong investment in major markets, such as the United States, Europe and East Asia, has driven industry growth in recent years. Global engineering services revenue has been expanding at a CAGR of 3.9% over the past five years... Learn More
Employment Growth for 2024: 3.8%
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
Employment Growth for 2024: 3.7%
Global courier and delivery service companies typically come in two varieties: large, global providers and small, localized providers. Regardless, the same or similar economic indicators impact both types of company. Over the past five years, conditions largely benefited delivery companies, as consumers and businesses increased delivery and courier use amid the pandemic and social-distancing mandates. The rise in e-commerce activity boosted the need for local and global courier services, benefiting most in the industry. All told, over the past five years, revenue has been growing at a CAGR of 5.0% and is expected to reach $482.9 billion in 2023 when... Learn More
Employment Growth for 2024: 3.6%
Global casinos and online gambling businesses are still reeling from the aftereffects of the pandemic, with some rebounding swifter than others, depending on their country of operation and specialization. Sinking tourism rates, especially in 2020, left many casinos in dire straits, even if they were able to remain open in some capacity. Many have since reopened, welcoming eager tourists, but some, like those in Macau, continue experiencing operational delays related to the pandemic in 2023. As a result, though revenue began rebounding as early as 2021, revenue has been declining at a CAGR of 1.8% over the past five years,... Learn More
Employment Growth for 2024: 3.5%
Internet service providers have enjoyed growth over the current period. Consumers increasingly demanding faster internet speed in developed economies have boosted ISPs' performance amid sluggish subscriber growth. While rising mobile data subscriptions have constrained growth for ISPs in some developing regions, fixed broadband expansion in developing countries like China and India has bolstered growth. The emergence of powerful personal and business internet applications has transformed how businesses and consumers operate and has also presented opportunities for ISPs to offer additional high-margin services, benefiting profit. Overall, industry-wide revenue has been increasing at a CAGR of 2.2% over the past five years... Learn More
Employment Growth for 2024: 3.5%
Airport operators have faced complex operating conditions in recent years. Rising levels of airline passenger traffic before the COVID-19 pandemic enabled airports to earn significant revenue through passenger charges and services provided directly to airlines. At the same time, improving economic conditions increased corporate profit and fueled global manufacturing activity, causing airlines to operate more flights to transport greater quantities of cargo. The COVID-19 pandemic completely disrupted the industry in 2020, causing revenue losses of more than 40.0% in that year alone. Global airport operation revenue has increased at a CAGR of 1.5% to $254.7 billion through the end of... Learn More
Employment Growth for 2024: 3.5%
Global Management Consultants provide advisory services to clients to help improve organizational performance. Consultants focus on organizational design, process management and corporate strategy topics. Over the five years to 2023, demand for management consulting services has increased, despite the onset of the COVID-19 pandemic in 2020. However, industry profit is expected to decline as wage pressure, competition, and reduced demand weigh on profit growth in recent years. Global economic growth was the primary driver of industry revenue throughout most of the period. In addition, while the COVID-19 pandemic drastically affected the global economy, the industry did not fare as poorly... Learn More
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