Fastest Growing Industries

Now that the worst of the recession is behind us, analysts are compiling information on which industries are experiencing the fastest growth.  Presently it appears that construction-related industries are among the fastest growing in the U.S. as illustrated in a recent study by Sageworks, a leading financial information provider.  They report that in the last year, twelve of the top twenty fastest growing private companies were all in construction fields. 

This is certainly good news for the industry and its workforce that was one of the hardest hit during the recession.  Sageworks’ figures indicate that construction on a whole saw anywhere from a 2 to 15% higher increase in growth than other privately held businesses during the same period.  The growth occurred in residential building as well as in commercial construction.  

Moderate gas prices along with growing manufacturing sectors and automobile and housing markets are working to expand the trucking industry.  Add to that the fact that construction projects are on the rise as well as a surge in mining and energy industries that increase the need for more trucking.  Computer design and other related fields are another industry that is experiencing a rise in demand.  Experts attribute some of the rapid growth to more companies looking to acquire cloud computing services.    

Ibis World, a market research firm, reports that businesses that are connected to emerging forms of technologies are among some of the fastest growing industries. They cite green technology advancements that help to improve sustainability and efficiency, and conserve resources, reduce carbon emissions and lower operating costs.  Likewise, there is a growth in industries that promote an easier access to information such as online education, social media and games, and mobile apps.  

Sources:

http://www.forbes.com/sites/sageworks/2013/12/29/industries-to-watch-in-2014-the-10-fastest-growing-fields/

http://venturebeat.com/2013/07/27/the-7-fastest-growing-industries-of-2013-infographic/

 



In business for over 60 years, Rabin Worldwide is an industrial auction and real estate investment company, with a focus on the acquisition and sale of industrial equipment and facilities around the world. In addition to being specialists in providing companies with expert asset valuation and asset recovery services, we also run an in-house commercial real estate investment and management company.  Rabin Worldwide is headquartered in San Francisco with a European subsidiary office in Manchester, United Kingdom.