Fastest Growing Industries in Australia by Revenue Growth (%) in 2025

1. Hydro-Electricity Generation in Australia

2025-2026 Revenue Growth: 38.6%

Hydro generators are dealing with volatile global and domestic energy markets, which are compelling regulators and governments to step in and stabilise the National Electricity Market (NEM) to ensure a stable electricity supply. Surging input costs are elevating wholesale prices, bolstering hydro generators' profit margins as they don't face the significant coal and gas input costs plaguing other generators. Although hydro technologies are avoiding steep input costs, they are still fighting fluctuating year-to-year weather events, like the La Nina conditions sweeping the eastern coast in recent years. Industry revenue is expected to decline at an annualised 1.9% over five years... Learn More

2. Beef Cattle Feedlots in Australia

2025-2026 Revenue Growth: 26.2%

Revenue for beef cattle lotfeeders is expected to grow at an average annual 3.7% over the five years through 2023-24, to reach an estimated $7.0 billion. Rising global beef consumption and increasing disposable incomes in developing countries, which have allowed consumers to purchase greater quantities of beef, have supported demand for Australian beef over the past five years. Consequently, export markets have become increasingly important for lotfeeders, contributing to revenue growth. However, the domestic market remains the largest market for grain-fed beef produced in Australia. Major domestic customers, particularly the national supermarket chains, have remained important. High over-the-hook prices and... Learn More

3. Fossil Fuel Electricity Generation in Australia

2025-2026 Revenue Growth: 26.0%

Fossil fuel generators supply most of Australia's electricity, as coal is the central fuel powering Australia. These generators supply electricity through wholesale markets, which is then retailed to consumers and businesses. These generators also supply electricity directly to energy-intensive industries. Power plants run on black coal, brown coal, natural gas and diesel. Black and brown coal-fired power stations are often run continuously to provide baseload power, while natural gas stations can be fired up quickly to provide peaking power during demand spikes.

In a reversal of recent trends, wholesale electricity prices are surging, providing a much-needed reprieve for the embattled fossil... Learn More

4. Organic Crop Farming in Australia

2025-2026 Revenue Growth: 24.9%

The Organic Crop Farming industry has benefited from strong growth in consumer demand for organic food over the past five years. Once considered an alternative food eaten only by a minority of the population, organic produce has become increasingly common in consumer diets and retail stores. Organic fruits and vegetables are often perceived as healthier than their conventionally farmed counterparts due to the absence of synthetic chemicals, genetic modification, pesticides and fertilisers in their production. Rising health consciousness and greater public concern regarding the effects of conventional farming on the environment have driven demand for organic fruits, vegetables, grains, nuts... Learn More

5. Shipbuilding and Repair Services in Australia

2025-2026 Revenue Growth: 22.1%

The Shipbuilding and Repair Services industry is beholden to the whims of government investment. Valuable contracts for delivery of Royal Australian Navy (RAN) warships and submarines have dictated the industry's trajectory. In 2017-18, industry revenue skyrocketed on the back of the Naval Shipbuilding Plan (NSP) announcement. The 2022 Defence Strategic Review (DSR) has cast uncertainty around many projects, with the Federal Government committing to reprioritising defence funding. However, the DSR has highlighted the commitments in-line with developing a more robust maritime division in tandem with the goals of the AUKUS alliance. Supply chain disruptions, travel restrictions and changing government objectives... Learn More

6. Sheep-Beef Cattle Farming in Australia

2025-2026 Revenue Growth: 21.5%

Sheep-beef cattle farming is exposed to a range of factors, including weather patterns, downstream demand and price movements. Consequently, revenue volatility is high for farmers. Revenue has dipped in recent years, despite higher sheep meat and beef prices. Industry revenue is expected to weaken at an annualised 1.9% over the five years through 2022-23, to $4.1 billion. This includes an anticipated slump of 10.2% in 2022-23, as wool prices take a dive.

Rainfall patterns heavily influence the operational decisions made by farmers, so varying rainfall levels have affected the industry in recent years. For example, when rainfall increases and pasture feed... Learn More

7. Wind Farm Construction in Australia

2025-2026 Revenue Growth: 21.0%

The Wind Farm Construction industry provides engineering, procurement, construction and commissioning for wind power generation projects. The industry's performance has been underpinned by Commonwealth and state government intervention to boost renewable energy capacity and reduce the reliance on carbon-emitting fossil fuels. The Renewable Energy Target (RET) compels electricity generators and retailers to increase the share of power generated from renewable sources. The Commonwealth's RET was met in early 2021, but most state and territory governments have independently legislated more stringent RETs.

Industry revenue is expected to climb at an annualised 1.0% through 2023-24 to reach $3.5 billion. The industry's performance is... Learn More

8. Artificial Intelligence in Australia

2025-2026 Revenue Growth: 20.1%

The industry has seen surging growth in recent years. Part of this has been driven by strong AI investments in the mid to late 2010s, which saw a raft of new companies enter the industry. Many of these companies have now entered commerciality and begun generating meaningful revenue. Also, the industry has been supported by ChatGPT's public release, which pushed AI capabilities into the public consciousness and encouraged companies to actively explore how they can increasingly integrate AI into their operations. Overall, industry revenue is expected to grow an annualised 14.1% over the five years through 2023-24, to reach $2.5... Learn More

9. Beef Cattle Farming in Australia

2025-2026 Revenue Growth: 20.0%

Beef cattle farmers have faced volatile operating conditions over the five years through 2022-23. Turn-off rates have fallen in response to improving grazing conditions, particularly over the two years through 2021-22. However, a decline in turn-off rates, combined with strong demand for Australian beef in export markets, has put upward pressure on beef cattle prices. This has supported revenue growth over the past five years. Revenue is expected to grow at an average annual rate of 2.0% over the five years through 2022-23, to an estimated $21.4 billion. This result includes an expected decline of 10.2% in 2022-23 due to... Learn More

10. Health and Wellness Spas in Australia

2025-2026 Revenue Growth: 19.2%

Revenue in the Health and Wellness Spas industry has suffered. The industry was expanding at a solid pace until the COVID-19 pandemic, as a rising focus on health and physical appearance among the population supported growth. Increased demand from domestic and international tourists benefited industry spas through the end of 2018-19. Revenue is expected to shrink at an average annual 1.7% over the five years through 2022-23, to $545.7 million. This trend includes an estimated 6.8% revenue climb in 2022-23 off the back of massive growth in total tourist visitor nights.

Before the COVID-19 pandemic, demand and cultural trends favoured industry... Learn More