Newspaper Publishing in China -2.9% 6. This rapid growth of the E-commerce industry can be attributed to the increasing popularity of online shopping. The countrys e-commerce market is growing at a CAGR of over 30%. Communication Equipment Manufacturing in China -4.8% 4. . Novavax. A lot of positive factors make China a country that can offer multiple stages of growth to a company. For instance, CloudUnion reportedly has a subscriber base of 20 million, which signifies cloud gaming's bright prospects in the country. The trends in gaming can predict the growth of 25% in the coming years. The gaming community of China is also on the rise. The retail industry is expected to grow by 3.7% in 2020. More internet services will be available in China, with expected revenue growth of 17% by 2022. It's even likely that the region snatches away the title of the world's greatest manufacturing centre from China. For the past two decades, railways were the most important form of transportation. Vertex Pharmaceuticals. According to Milward Brown's BrandZ China Top 100 ranking in 2020, Chinese education platform Xueersi increased its brand value by 120 percent to 4.6 billion U.S. dollars. It is the biggest exporter of goods and services to the richest economy of the world i.e. Moreover, China is also the largest consumer of food products in the world. It has also been growing faster than other sectors of the Chinese economy, so you can be sure that your investment will pay off if you choose to invest in this field. 1. Furthermore, the coverage of events including the Beijing Olympics, 2014 World Cup, and 2015 Beijing World Athletics has affected the performance of the industry. The future also holds growth in the solar power generation industry as environmental consciousness increases among the population. Online Shopping in China 16.1% 5. This is evident from the industry's revenue growth of 18.5% from 2019-2020. The industry is expected to grow even stronger with eCommerce in the market. Couriers in China 16.0% 6. While the estimated usage of the internet in China from 2019 to 2020 is already reaching 30.7%, the expected growth rate by the end of this year is projected at 35.2% or USD 712.5 billion. The satellite transmission industrys revenue growth over the last year was 15.3%. In fact, the country is expected to continue its urbanization trend for decades to comea process that will drive demand for real estate and related industries as cities expand to accommodate new residents. The industry has been expanding at a pace of more than 20% every year. The industry has grown particularly due to the improving income levels of Chinese residents, increasing number of new births and elders, accelerating pace of life, and a high labor force participation rate. The Bureau of Labor Statistics predicts that this broad industry will experience a whopping 22% increase in employment between 2020 and 2030, and it's . The industry is expected to grow even stronger with eCommerce in the market. The Courier industry is a relatively new business segment in China. This increase willcontinue as companies take their services online to serve the audience. It has registered immense growth to the point that it is now the second fastest-growing tourism industry in the world, only behind the Asia Pacific region. For the past two decades, railways were the most important form of transportation. Industry revenue is expected to increase at an annualized 48.1% over the past five years through 2022, to total $255.1 billion. China is a fast-growing economy with almost every Fortune 500 company well established in the country. Additionally, the number of mobile internet users has greatly increased over the past five years, as mobile internet services have continued to develop, boosting the industry's performance. Media - 198%. This trend includes anticipated growth of 6.0% in the current year. These efforts have been the fastest-growing part of the company's revenue, which hit $260 million in the third quarter of 2019, a 72% increase over a year earlier, though the company's. More eCommerce platforms have emerged in the past years, and the revenue growth for online stores is expected to increase by 18.5%. However, the industry turnover for the PRTC is expected to decrease by 41.6%. . Find Fastest Growing Industries stock video, 4k footage, and other HD footage from iStock. It has become a hub for every company to consider setting their business. With the Covid-19 affecting the global industry landscape, China is facing a shift in its industry outlook and growth. Although the number of cars on the roads is still relatively small compared with other developed markets like Japan or Europe; it still represents a significant increase from just 10 years ago when there were only around 30 million motor vehicles on Chinese roads at that time! Wondering About The Key Factors That Led To The Economic Growth In China? Here Is A List Of Some Of Those Factors! Moreover, the industry is anticipated to have an annualized growth rate of 13.3% over the past five years. It also includes organizations that collect other forest products, such as barks, fibers, truffles and gums. Industry profit is relatively high, averaging 11.0% of industry revenue in 2022, lower than 11.4% in 2021, mainly due to increasing prices of automobile parts. Austin, Texas, was actually ranked among the best places to start a business in the United States in 2018. Revenue for the Hotels industry in China is expected to decrease at an annualized 1.3% over the five years through 2021, to $61.9 billion. There was a 32.5percent growth in dating app users in 2016, but this reduced to just a 5.3% increase in 2019. The 10 Fastest Growing Industries in China Industry 2022-2023 Revenue Growth 1. Here's a look at the top 10 fastest growing brands of 2021, using data from Kantar BrandZ's Top 100 Global brands report: Rank Brand Brand Value % Growth Category 1 Tesla 275% Cars & Transportation 2 TikTok 158% Media & Entertainment 3 Pinduoduo 131% Consumer Goods & Retail 4 Meituan 119% Technology 5 Moutai 103% Food & Beverages 6 Automobile Sector. In 2021, as the virus is increasingly contained in China, the industry's sales revenue is anticipated to increase by 13.4%. Chinas Economic Growth: Causes, Pros, and Cons, How China Is Trying To Invent The Future As A Science Superpower. But it's not even in the top 10, according to private company data from financial information company Sageworks. China has a thriving automobile manufacturing industry and is the world's largest car manufacturer. Download a free sample report today to discover the breadth and depth of information available at your fingertips! 14 Growing Industries of the Future [2021 Edition] 29 related questions found. Focus on Agriculture and Resource Wealth . 9. The revenue is expected to grow for the next five years with a rate of 12.5%. 5 out of 20 fastest-growing industries from 2019 to 2029 are in healthcare and social assistance. Real Estate - 168%. The online shopping industry is expected to reach around $2 trillion by 2025. Another reason is the resulting companies development to shift from brick-and-mortar retail to online systems. Learn More. Moreover, with the spread of the Covid-19, more people are going to switch to online shopping. The software industry in China is extremely competitive, with a number of highly profitable tech giants. Learn More. It shows an upward trend. You're more likely to double your money as compared to investing in a slow-growing industry. Exelixis. Although couriers are relatively a new business in China, it has made things convenient for the customers and retailers alike. Over the next 5 years, it will reach $834.2 trillion. As South Africa's economy developed throughout the early 1990s, there was a significant shift from mining and agriculture to other industries . And around 99% of all companies in China are SMEs, so SaaS has inevitably become one of the most profitable and fast-growing industries. Learn More. https://chinasuccessstories.com/top-8-fastest-growing-industries-in-china-2021/. Most online game companies both create and operate their games. China Growth; . However, as the COVID-19 outbreak restricted nearly all face-to-face meet-ups, there was a new rise in downloads and exchanges through the likes of Tinder, Bumble, and Hinge. This trend includes expected growth of 15.7% in the current year. Answer (1 of 2): It looks like manufacturing is one of the fastest sectors in Mexico Per The Fastest Growing Latin American Industries for 2013-2015 "Mexican manufacturing is resurging thanks to its increasingly competitive labor rates vis--vis China and its logistical cost advantage as the n. The 2016 nominal GDP of China is $11.4 trillion with a GDP per capita of $8,260. Industry enterprises are expected to total 5,186 enterprises over the period, employing over 750,207 workers with a payroll of approximately $6.8 billion. Factors driving industry growth include improved living standards, rising wages, higher internet penetration, increased acceptance of internet shopping and a growing range of retailers selling a larger range of products online. PerhapsGaming is one of the most rapidly growing industries in China over the last few years. Thedomestic demandfor the industry will increase by 15.2% in 2021. Although couriers are relatively a new business in China, it has made things convenient for the customers and retailers alike. In fact, China consumes more than one-third of all global food production each year! Imagine buying into an industry where its total addressable market keeps growing. Here are the fastest growing industries in the U.S.: 1. Between 2009 - 2014, the Chinese food and beverage industry grew by 30% to reach $500 billion, surpassing the US market in the process. 2019: 6.8%; 2020: 2.3% . Chinese economy is the fastest growing economy among all the developing economy. China and the USA - Two powerful nations. Gross domestic product is based on purchasing power parity (PPP) and is in current international dollars. With the introduction of 5G, eCommerce will continue to become more convenient for users. 31 May. (Ministry of Industry and Information Technology) of as much as 40% yearly for civilian unmanned aerial vehicles (UAVs), to a grand total of $9 billion by 2020 and all the way to $27 billion by 2025. Click to skip ahead and jump to the 5 fastest growing industries in the world. According to a report by . The domestic demand for the industry will increase by 15.2% in 2021. In terms of research and development (R&D), the use of robotics has increased significantly over the past decade; however, there needs to be greater investment in R&D if China wants to stay on top of this rapidly growing industry which involves developing new technologies in order for them to continue innovating within their market segment so they remain competitive globally as well as domestically with regards other companies within their space who may also benefit from having access into whatever it might be that youre currently working on creating yourself at present time.. Search from Fastest Growing Industries stock photos, pictures and royalty-free images from iStock. This is evident from the industrys revenue growth of 18.5% from 2019-2020. As more people opt for energy-efficient means in their everyday lives, there is a hike in solar power usage. Fastest Growing Industry within Manufacturing Animal food manufacturing: 10,800 jobs created Agriculture, Forestry, Fishing and Hunting While this sector as a whole isn't necessarily booming, it is rated as the fastest growing industry with the highest compound annual change of 3.7%, specifically in forestry. Forestry. The online shopping industry is expected to reach around $2 trillion by 2025. Among 15-24-year-olds, the literacy rate is 98.9% among females and 97% among males. This is due to the increasing demand for goods and services. The vehicle and automotive industry made 6.4% of South Africa's GDP in 2019. Clearly,. The transportation services industry has been growing at an average annual rate of 9.4% over the past five years, outpacing overall GDP growth by 1.2%. September 04, 2020. The following are just some of the fastest-growing industries in China: Modern agriculture is the fastest growing industry in China. The online games industry in China showed an upward trend in the last five years (2015-2020). On 29 March alone, Tinder users globally swiped through three . Here is a list of the fastest-growing industries in China. The rapid growth of this industry is due to Chinas rapidly increasing urbanization and rising prosperity, which have led to increased demand for private vehicles, buses and taxis. In this article we are going to list the 15 fastest growing industries in the world.Click to skip ahead and jump to the 5 fastest growing industries in the world.. We all live in a world that is constantly changing. Except for the current pandemic situation in China, we are set to see growth in tourism around the country in the coming years. Over the past five years, industry revenue has grown at an annualized 20.7%. Delivery & Logistics document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Your email address will not be published. 1. This number is likely to keep increasing in the coming years. A lot of positive factors make China a country that can offer multiple stages of growth to a company. Save my name, email, and website in this browser for the next time I comment. China is the worlds largest agricultural importer, exporter and producer. Some of the best companies to invest in within this fast-growing sector are: Axsome Therapeutics. On the contrary, China's chemical industry is in the midst of a profound, rapid transition. Due to an increasingly dynamic domestic economy and improved transportation infrastructure, the industry has experienced strong growth over the past decade. Cloud gaming is expected to be the fastest-growing game industry sector in China and has accumulated significant momentum. Thus, its more likely to experience a hike in the coming years. For example, in 2014 there were more than 100 million vehicles registered within China (excluding Hong Kong). In its modern form, it has existed for about 30 years. Rising domestic living standards and purchasing power have stimulated demand for pork. Although the revenue is expected to decrease by 0.2% in the next five years, Hotels will still generate revenue with a 22.3% growth rate. Foreign direct investment of China is highest among all the developing . Here are a few industries that are predicted to be the fastest-growing industries in 2021: The Online Shopping and E-commerce Industry The E-commerce industry of China is one of the most dynamic and rapidly-changing ones. It has received strong backing from the national and municipal governments to develop it into a driver of economic change and long-term prosperity. It is a new kind of doing business by way of sharing common resources, either products or services, among the people easily and effectively with the help of technologies like . Modern agriculture is the fastest growing industry in China. Most toll roads in China are made and managed by the government. The toll road operators generate funds for building better highways. In Spain, there are clusters or technology parks in almost every area, and more than 35,000 Spanish and international . More game companies are investing in growth in China. Earlier as China was the leading country in the industry, it is today replaced by the self-sufficient-focused India which will be working on the efficiency of the industry post the stabilization of Covid-19. Top 5 Fastest Growing Industries In The Philippines, Top 8 Fastest Growing Digital Media Companies 2022, Top 8 Fastest Growing Open Source Projects 2022, Top 8 Fastest Growing Online Businesses 2022, Top 7 Fastest Growing Companies In Canada 2022, Top 8 Fastest Growing Home Based Businesses 2022. Your email address will not be published. It showed growth of 15.3% and will grow further to reach $49.2 billion in the coming years. In 2018, the industry was valued at $875 . One of China's fastest-growing sectors is Internet technology -- if simply for the fact that China's Internet penetration rate is only 42.1% for a country with 1.36 billion people. We all live in a world that is constantly changing. Moreover, it is expecting growth of 6.8% in the coming years. In 2021, the total output value of China's satellite navigation and location-based service industry reached RMB470 billion. This trend includes anticipated growth of 16.8% in the current year. Industry revenue is expected to increase at an annualized 15.1% over the five years through 2022, to $66.0 billion. Energy - 174%. Robotics can be used for manufacturing, healthcare, agriculture and service industries. Robots have become an integral part of modern life due to their ability to do menial tasks quickly and accurately at a low cost. Creating the most favorable conditions for companies to grow their business . Data Analytics. Both Samsung and U.S. chipmaker Micron have major operations in Xi'an, which was also the fastest growing major city in China last year. But this colossal size should not be seen as a sign of stability. Food and beverage recognized as one of Asia's fastest-growing industries The ASEAN region is rich in agricultural products and resources, many of which are processed or packaged and sold wholesale. The most successful small businesses were in these fast-growth industries: Travel & Hospitality - 201% aggregate growth rate. Ship Building in China -2.2% 7. As a result, the internet service industry is expected to cross $800 billion in 2021. Based on the expert analysis and our database of 280+ China industries, IBISWorld presents a list of the Biggest Industries by Revenue in China in 2022, Based on the expert analysis and our database of 280+ China industries, IBISWorld presents a list of the Industries with Largest Number of Bussinesses in China in 2022. For around 3 decades, its economy was the fastest growing in the world at an average of 10% per year. Primary school enrolment rate among Filipinos was 92% in 2019, while the secondary school enrolment rate was 90%. New game operators are selling their licenses toChinese gaming agencies, promoting and running the game. China is fast becoming the land of opportunity for many skilled professionals, so, today we wanted to take a look at some of the fastest growing industries i. The courier service industry is also on the rise, with expected revenue growth of 17.6% by 2022. Industry revenue is expected to grow by 17.4% over the current year. Security - 171%. With the introduction of 5G, eCommerce will continue to become more convenient for users. Sharing Economy. The courier service industry is also on the rise, with expected revenue growth of 17.6% by 2022. The gaming community of China is also on the rise. China has decreased the toll revenue due to the current pandemic situation. Enterprises in the Online Game industry in China produce (i.e. To view or add a comment, sign in Required fields are marked *. Fast food has been one of the most emerging industries in the past fifty years. A range of energy-saving and emission reduction regulations implemented in 2006 have supported the industry's rapid growth over the past five years. Traditionally, the dominant industries in Yangzhou have been automobile, machinery, tourism, software, and food processing. This growth was displayed in the figures of 2020 when the industry showed a growth rate of 25.4%. Issued in 2010, the Interim Measures for Management of Financial Incentive Funds of Energy Management Contracting Projects allocated generous subsidies for contract energy management (CEM) projects. China has decreased the toll revenue due to the current pandemic situation. Learn More, The In-Home Care & Other Household Services industry in China has developed significantly in recent years. This trend includes expected growth of 15.7% in the current year. The BLS data projects employment in this industry to grow by 43.7% through 2029. Learn More, The Online Shopping industry in China is expected to grow at an annualized 18.9% over the five years through 2022, to total $2.5 trillion. This reflects an annual growth rate of 0.4 percent, slower than the 2009-19 annual growth rate of . The domestic demand for the industry will increase by 15.2% in 2021. Ranked as the second fastest growing city, Yangzhou's GDP rose from RMB 293.3 billion (US$46.4 billion) in 2012 to RMB 506.4 billion (US$75 billion) in 2017, an increase of 72.65 percent. Based on nominal gross domestic product (GDP), China has the second largest economy in the world and based on purchasing power parity (PPP), it is the biggest. The top 10 media and entertainment companies are TWDC. The revenue growth is still expected to be 17.7%, with a 0.8% decrease in the revenue in 2020. This trend includes an anticipated rise of 9.3% in the current year. The revenue is expected to grow for the next five years with a rate of 12.5%. Expert Answers: Here are the top 12 fastest-growing industries in the U.S.:Information technology.Construction.Drink manufacturing.Personal services.Direct retail.Finishing . However, some online game producers sell licenses to agencies, which are then solely responsible for the operation of the games. As a result, the internet service industry is expected to cross $800 billion in 2021. The retail industry is one of the fastest-growing industries in the world. Learn More, Revenue for the Energy-Efficiency Consultants industry in China is expected to grow at an annualized 9.9% over the five years through 2022, to $150.8 billion. The number of internet users has increased in the past two years due to the lockdowns. China B2B marketplace has endorsed another rapidly growing manufacturing industry, which has improved the economy beyond our imagination. China is the world's largest agricultural importer, exporter and producer. However, the industry turnover for the PRTC is expected to decrease by 41.6%. Many game developing enterprises in China produce and operate online games in recent times. Also, the strong compatibility of cloud gaming with IPTV and the existing technical . The number of internet users has increased in the past two years due to the lockdowns. The fastest-growing industries in South Africa are largely tied to various business sectors. . To view or add a comment, sign in. Not only this, but it also experienced an immediate shift of interest to the users. Its top competitor New . Its economy has grown from a few million people to over 1.4 billion within just a few decades and shows no signs of slowing down anytime soon. Overview Background Defining Events. 3. Mail-Order & Online Shopping in China 16.3% 4. > Military spending 1 yr. increase: 20.8%. 4. In this article, we'll take a look at some of the industries that are seeing the most rapid growth in India. More eCommerce platforms have emerged in the past years, and the revenue growth for online stores is expected to increase by 18.5%. The Chinese government has taken many steps to ensure that this growth continues, including investing heavily in infrastructure projects such as high-speed rail lines and airports across the country while also providing tax incentives to businesses who wish to invest outside Chinas borders (often times Africa). This has led to power supply shortages and ultimately a switch to solar power generation means. The media and entertainment industry consists of film, print, radio, and television. Cafes, Bars & Other Drinking Establishments in China 22.0% 2. In recent years, the insurance business has opened up to private investors, and the . China is well-known across the world as the hub of major commercial and business activity. The food and beverage industry in China has also been growing steadily and is expected to grow in tandem with the growing Chinese middle class. The Chinese economy has grown at an average rate of 10% per year over the past three decades. China received a record-breaking $US135 billion in FDI in 2015.The figures dropped slightly to $US133 billion in 2016. Save my name, email, and website in this browser for the next time I comment. He saw that the number of web users was growing at 2,300%! India's life insurance industry is ranked sixth among the world's largest and is the fastest-growing industry in India. With production of USD3.0 trillion, the Asia Pacific is the world's largest food, beverages and tobacco producer. The popularity of online games has grown rapidly in China over the period. Answer (1 of 12): Some of fastest growing industries in India are- Insurance:-With 36 crore policies, India's life insurance sector is the world's largest. Online retailing currently generates over 95.0% of industry revenue. New game operators are selling their licenses to Chinese gaming agencies, promoting and running the game. Required fields are marked *. Your email address will not be published. Chinese companies are among the top ones in the entire world. Medical Device Manufacturing The Medical Device Manufacturing companies have generated $26 billion in 2020, which is 18.2% more than 2019. China's competitive software landscape and the industry leaders. Based on a report by the United Nations, the Philippines has the highest literacy rate in Southeast Asia, at 97.95% for those aged 15 or over. The revenue growth is still expected to be 17.7%, with a 0.8% decrease in the revenue in 2020. . Let's dive into the top industries to invest in. The life insurance industry in the country is forecasted to increase at a compound annual growth rate (CAGR) of 12-15 per cent in the next f. In 2020, sales revenue of the industry increased slowly compared with previous years which was mainly due to the outbreak of COVID-19 in China. Furthermore, it is likely to grow at an annualized rate of 22.5% over the next five years. Internet services in China have achieved 35.2% of rapid growth, and that is equivalent to $712.5 billion. China is developing fast and has connected each city through highways. India is one of the most populous countries in the world and is also one of the fastest-growing economies. The Capital of FinTech. The outbreak of COVID-19 at the end of 2019 in China caused many hotels to close operations in the first half of 2020, strongly affecting industry revenue in 2020. Except for the current pandemic situation in China, we are set to see growth in tourism around the country in the coming years. Most toll roads in China are made and managed by the government. Home Healthcare Services Sector: Healthcare and Social Assistance Employment in 2018: 1,472,700 Employment in 2028: 2,186,400 Employment Change: 713,700 More internet services will be available in China, with expected revenue growth of 17% by 2022. Each company also creates a strong base for the economy of China. Each company also creates a strong base for the economy of China. Nevertheless, China is expected to go down the path of success in the coming years as well. Some of these include manufacturing, design, technology, medicine, and energy. > 2015 military spending: $462 million.