The US is home to some of the most rapidly growing industries in the world. We are often the first to upgrade, innovate, and experiment with new ideas and technologies, which is why we’re the market leader in different industries.
The US is among the most technologically advanced countries in the world. In fact, it’s also home to millions of expats who come here in search of a better future as there are jobs for everyone.
Let’s have a look at the top five fastest growing industries in the US:
- Construction Industry
According to Statistica, with an expenditure of above 1,231 billion USD, the US is one of the largest construction markets in the world.”
We don’t only build roads and bridges but also homes and malls.
Many say the construction industry is growing largely due to the development of technology. We have shoring props, drone, and other such technology making the job easier. Plus, the policies are also friendly.
Moreover, urbanization and the potential are also two of the main reasons why this industry is growing at such a rapid rate.
- Online Marketing
This industry didn’t exist until a few years ago but its the real deal today. The industry is worth $192 billion USD and provides employment to millions of people.
With more and businesses now going online, the demand for online marketers is on a constant rise. These include writers, designers, virtual assistants, SEO experts, etc.
While very few universities currently offer degrees in online marketing, the field is rapidly growing, especially due to the ease it offers. The highest number of freelancers are in the field of online marketing since it offers the ease of working from home.
- Beverage Manufacturing
The beverage manufacturing industry includes soft drinks, breweries, wineries, and distilleries, which have risen significantly over the years in the US.
According to the Brewers Association, the total number of craft breweries rose by 16% in the last five years which includes brewpubs, microbreweries, and regional craft breweries.
People have developed a taste for less-sugary and healthier beverages and are on the lookout for new types of beverages, which keeps the industry working.
Franchises such as Starbucks and Tim Hortons also play a vital role as they help introduce and populate new drinks.
- Real Estate Agencies
Homes are becoming increasingly expensive due to the growing demand. This hs given rise to an industry in the form of real estate agencies.
Real-estate is a business today. People invest in houses with an intention to sell. For this, they need real estate agents who can help bridge the gap between buyers and sellers.
While it may not be the biggest industry today, it’s definitely growing at a rapid pace.
- Tech and Gaming Industry
Video games have taken the US by storm – people invest regularly in gaming equipment such as headsets, hard drives, and controllers to fulfill their needs and have a good time, alone or with friends.
Games such as Fortnite, Dota, and GTA are the top most played video games of all time. With sales hitting millions, the industry is massive and for all the right reasons.
Plus, improvements have opened up new avenues with virtual reality games now finding a foothold.
These are some of the fasting growing industries in the US. If you’re looking for a career or intend to start a business, considering these options may be a good choice.