Top 5 Fastest Growing Industries In The USA This Year

Top 5 Fastest-Growing Industries in the USA this Year Whether you are an investor seeking to expand your portfolio or a businessperson seeking out the most profitable niche, you must keep a close eye on the fastest-growing industries in the United States.

In the sections below, we shall take a closer look at 5 of the fastest growing industries in the USA as of 2021, from service industry niches to tech and science-based industries. Our reviews are not only based on revenue growth but also impact and social traction.

Here are the top 5 fastest-growing industries in the US. Of note is that they are in no particular order.

 

TOP 5 FASTEST GROWING INDUSTRIES IN THE USA

 

1. Information Technology

The future is tech, and 2021 has been living proof of this. From cloud computing and online marketing to the infinite possibilities and opportunities created by data science, the IT world has indeed made waves in the US. IT is among the first number in the top 5 fastest growing industries in the USA.

After all, what more would you expect from the industry that has given us most the most recognizable billionaires?

The best part is that the opportunities for growth and success with this industry are accessible to anyone with a great idea, a good computer, and fast internet.

 

2. Domestic Airlines

2020 dealt a significant blow to the travel industry. Most countries and states within the United States have locked their borders; most airline companies suffered massive losses.

As the world slowly opens back up and we start to return to some level of normalcy, the domestic airline industry has proven its remarkable resilience. This is mainly because most people plan their trips within the US as they don’t have to deal with international travel restrictions. That’s how Domestic Airline became among the top 5 fastest growing industries in the USA.

There has also been a surge in traveling as people move around the country to catch up with friends and family members that they didn’t get to see much of in the previous year.

The projected revenue growth for the domestic airline industry between 2021 and 2022 is 62.5%, and we can only expect things to go up from here.

 

3. Motels and Hotels

The global pandemic of 2020 and 2021 has minimal travel opportunities for most Americans. While this means less variety for the wanderlust-filled travelers, it represents tremendous growth and success for local motels and hotels.

As with domestic airlines, motels and hotels within the United States are expected to see massive growth within the next year as local attractions are pretty much fully open and accessible to local visitors.

 

4. Non-Hotel Casinos

Gone are the days you had to visit a hotel to get the adrenaline rush from gambling. These days, you have your pick of non-hotel casinos from independent establishments to online platforms.

This high cash flow industry has mainly seen a lot of growth in the last couple of years due to the IT industry’s development and the effects of pandemic-related lockdowns.

It also helps that many states and the federal government, in general, have relaxed regulations and gambling, thus making it easier to run a casino business than before.

Furthermore, non-hotel casino setups also have a greater appeal to younger crowds than traditional gambling locations. By this, non-hotel casinos come in the list of top 5 fastest growing industries in the USA.

 

5. Concert and Event Promotion

Speaking of young crowds, youth in the United States have created a financial beast out of the concert and event promotion industry. From pop concerts to social media celebrity meet and greets. This industry is set up to be one of the most lucrative industries in the United States.

The incorporation of IT developments to help not only with marketing. But also hosting events is also doing a lot to support the progress that this industry is enjoying.

Share our Blog

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn