Global Biggest Industries by Revenue in 2020

Highest Revenue generating Industries of 2020.

SNO

Industry

Revenue (2020)

Description

1Global Life & Health Insurance Carriers$4,384,3B

Industry provides crucial risk management services to downstream consumers and is a vital part of the financial sector, particularly with respect to the industry’s massive asset holdings

2Global Pension Funds$3,564,4B

Pension funds, composed of DB and DC plans, have been the primary means for meeting the retirement requirements of an aging global population

3Global Oil & Gas Exploration & Production$3,325,4B

Industry find and extract crude oil and natural gas from oil and gas reserves throughout the world. 

4Global Commercial Real Estate$3,167,8BOutbreak of COVID-19 is expected to severely constrict demand as economic uncertainty skyrockets. As a result, industry revenue is expected to fall.

5

Global Car & Automobile Sales

$3,138,5BIndustry experienced growth in beginning of the period as rising global per capita income However, several factors have limited industry expansion.

6

Global Car & Automobile Manufacturing

$2,976,5BAutomakers have gradually put a greater emphasis on increasing fuel efficiency in light of stricter regulatory requirements and consumer demand

7

Global Direct General Insurance Carriers

$2,535,2Bgrowth of the middle class in emerging markets, such as China, has underpinned the expansion of demand that has driven the industry’s growth as more consumers have purchased insurance products. 
8Global Commercial Banks$2,341,0B

Increasing commercial banking activity as a result of strong economic performance and positive expectations.

9Global Auto Parts & Accessories Manufacturing$1,872,8B

As demand for new automobiles has risen, original equipment manufacturers have demanded more components from industry operators.

10Global Tourism$1,541,0B Global tourism has performed well during the five-year period, with emerging economies continuing to stimulate growth. 

Source: https://www.ibisworld.com/global/industry-trends/biggest-industries-by-revenue/

RSS Latest Press Release

  • The Mold Girl Ramps Up Annual Air Quality Testing Following High Demand
    Daniel Island, SC – Entrepreneur Elizabeth Keefer, aka The Mold Girl, is stepping up to meet demand from worried residents concerned about their homes being afflicted with significant health hazards.   Keefer, a well-respected council-certified indoor environmental professional, is now offering annual air quality testing for homeowners worried their homes could have mold, allergens, or other […]
  • Wendy's and Google Cloud partner to enhance the Wendy's restaurant experience
    Wendy's®  and Google Cloud today announced a partnership to enhance Wendy's restaurant experience and unlock new customer, restaurant, and employee experiences through data-driven insights.Wendy's intends to leverage Google Cloud's data analytics, artificial intelligence (AI), machine learning (ML), and hybrid cloud tools to create new ways customers can order food in the drive-thru, on their mobile […]
  • Unique Custom Marine Vault Launches New Storage Boating Facility
    Pompano Beach, FL: A new 25,000 sqft boat storage warehouse has opened to offer the best complete boat care service in Florida’s Pompano Beach.   Owned and operated by Unique Custom Marine Vault, the unit is a safe and secure marine facility with an in-house mechanic and boat transporters.    “If you are looking for a […]
  • Dreamstime launches the "Cover of the Year 2021 in Romania" contest with prizes totaling 7,500 Euros.
    Dreamstime, the world’s largest stock photo community, together with Cărturești and PressOne, announces the launch of the "Cover of the Year 2021 in Romania" contest for book cover illustrations. Publishers or graphic artists who have published books with original covers throughout 2020 and 2021 are invited to participate. Participants can submit covers using stock media […]