Fastest Growing Industries

Whether you are a investor or on a career path to pursue or looking for your next business venture in 2022, one of the vital aspects to consider is the types of fastest-growing industries in your country and other parts of the world. We all live in a continuously changing environment.

Every year, there are newer advancements and developments in various economic sectors, including the health, technology, and business branches of our economy.

Fastest Growing Industries by Revenue Growth

1. Global Airport Operation
2. Global Hotels & Resorts
3. Global Travel Agency Services
4. Global Tourism
5. Global Airlines
6. Global Casinos & Online Gambling
7. Global Commercial Aircraft Manufacturing
8. Global Deep-Sea, Coastal & Inland Water Transportation
9. Global Oil & Gas Exploration & Production
10. Global Reinsurance Carriers

Now, here's a quick rundown of the Top 10 Fastest Growing Industries, so you can learn a little more about these industries.

1. Global Airport Operation
After dropping to 94.6 billion U.S. dollars in 2020 due to limited airport operations caused by the coronavirus pandemic, the total market size of airport operations worldwide is estimated to exceed 130 billion U.S. dollars in 2021.
2. Global Hotels & Resorts
The market size of the hotel and resort sector worldwide peaked at 1.47 trillion U.S. dollars in 2019. As a result of the coronavirus (COVID-19) pandemic, the market size dropped to 610 billion U.S. dollars in 2020. In 2021, the market size was forecast to climb back up to nearly 950 billion U.S.
3. Global Travel Agency Services
The market size of the global online travel sector was estimated to increase in 2021 over the previous year. Overall, the online travel market worldwide was expected to be worth roughly 433 billion U.S. dollars in 2021, rising from around 396 billion U.S. dollars in 2020. This market is forecast to amount to approximately 691 billion U.S. dollars by 2026.
4. Global Tourism
In 2020, the market size of the global tourism sector declined over the previous year, reaching 1.09 trillion U.S. dollars. This industry's market size was forecast to rise to 1.3 trillion U.S. dollars in 2021.
5. Global Airlines
The global market size of the industry was valued at only 359.3 billion U.S. dollars in 2020, a 56 percent drop in value from the year before. Though this is estimated to increase to 471.8 billion U.S. dollars in 2021, it is only a small recovery compared to pre-pandemic reportings.
6. Global Casinos & Online Gambling
Online gambling consists of playing casino games, poker and/or sports betting via the internet. The global online gambling market is anticipated to be valued at more than 92.9 billion U.S. dollars in 2023. The current size of the market is almost 59 billion U.S. dollars, meaning the size is forecast to double in the upcoming years.
7. Global Commercial Aircraft Manufacturing
In 2020, the total market size of the global commercial aircraft manufacturing is estimated to drop to 688.42 billion U.S. dollars. Since 2017, this market has been experiencing a fluctuating trend, which worsened after the coronavirus (COVID-19) pandemic hit.
8. Global Deep-Sea, Coastal & Inland Water Transportation
This statistic shows the revenue of the industry “deep sea, coastal, and great lakes water transportation“ in the U.S. by segment from 2012 to 2017, with a forecast to 2024. It is projected that the revenue of deep sea, coastal, and great lakes water transportation in the U.S. will amount to approximately 33,9 billion U.S. Dollars by 2024.
9. Global Oil & Gas Exploration & Production
Crude oil is one of the most sought-after commodities in the world today. Between 1990 and 2011, the volume of global oil reserves increased significantly from just over 1 billion barrels in 1990 to nearly 1.7 billion. Since then, the quantity of oil reserves worldwide has remained roughly the same, with a slight increase in recent years.
10. Global Reinsurance Carriers
Reinsurance is insurance that is purchased by an insurance company from one or more other insurance companies. Munich Re was the largest reinsurers worldwide in 2020, followed by Swiss Re and Hannover Re.

In the first half of 2021, global reinsurance capital amounted to 660 billion U.S. dollars according to Aon. Global reinsurance capital has been recovering steadily from the shockwaves sent through the sector by the global financial crisis of 2008, and still grew in 2020 despite the economic consequences of the global coronavirus (COVID-19) pandemic.

• Global oil production in 2020— 4.7bn t
• United States is the highest aerospace exports 2020
• Number of international tourist arrivals worldwide— 426.9m
• Online travel market size worldwide is 433.2bn USD
• Region with the highest Occupancy rate— Europe
• Global oil reserve volume is 1.7tr bbl.
• Value of global reinsurance capital is 660bn USD