Highest Revenue generating Industries of 2020.
|1||Global 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
|2||Global 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
|3||Global Oil & Gas Exploration & Production||$3,325,4B|
Industry find and extract crude oil and natural gas from oil and gas reserves throughout the world.
|4||Global Commercial Real Estate||$3,167,8B||Outbreak of COVID-19 is expected to severely constrict demand as economic uncertainty skyrockets. As a result, industry revenue is expected to fall.|
Global Car & Automobile Sales
|$3,138,5B||Industry experienced growth in beginning of the period as rising global per capita income However, several factors have limited industry expansion.|
Global Car & Automobile Manufacturing
|$2,976,5B||Automakers have gradually put a greater emphasis on increasing fuel efficiency in light of stricter regulatory requirements and consumer demand|
Global Direct General Insurance Carriers
|$2,535,2B||growth 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.|
|8||Global Commercial Banks||$2,341,0B|
Increasing commercial banking activity as a result of strong economic performance and positive expectations.
|9||Global Auto Parts & Accessories Manufacturing||$1,872,8B|
As demand for new automobiles has risen, original equipment manufacturers have demanded more components from industry operators.
|10||Global Tourism||$1,541,0B||Global tourism has performed well during the five-year period, with emerging economies continuing to stimulate growth.|