Top 10 Biggest Industries in the World 2024

You must be curious to know about 10 biggest industries in the world in 2024. My friend, you could be among millions who are willing to explore 10 biggest industries worldwide. Taste our research here which is specially focused on listing top 10 biggest industries globally.

Which industry is called biggest industry- the one who opens billions jobs opportunities worldwide and ultimately runs the global economy. Over past few decades, the economy has been influenced by science, technology, health, and yes manufacturing.

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List of 10 Biggest Industries in the World in 2024

Here we have prepared and presented the list of largest industries in the world:

1. E-commerce

In the year 2021, E-commerce industries recorded 4.9 trillion US dollars worldwide and this continues to rise in coming years and is projected to touch 7.4 trillion US dollars by 2025.

E-commerce is nothing but selling and purchasing products and services online. International ecommerce boasts many benefits and it also includes easy expansion to foreign markets, easy to find products based on market needs, quick global brand presence, shorter B2B cycles etc. Today, E-commerce is considered the biggest industry in the world.

Top E-Commerce Companies in the world: Amazon, eBay, Samsung, Rakuten, Vault Health etc.

2. Constructions

Indeed there are many architectural marvels, high-rise buildings are being constructed worldwide. Constructions industries have been providing huge employment since its existence. While, hotels being constructed worldwide are providing added benefits of tourism to the world.

Constructions industries have been recording a compound annual growth rate of 7% since 2015 and therefore it has secured second position in the list of 10 Biggest Industries in the World.

Top Constructions companies in the world: ACS Actividades de Construcción y Servicios S.A, VINCI, Bouygues, Strabag, TechnipFMC etc.

3. Financial Services

Financial services sector is unquestionably one of the crucial segments of the economy. It has broader coverage which also includes investing, banking, and insurance.

Financial sector industries are more prone to manage risks and known for providing huge employment worldwide. On the other hand, it is directly proportional to a country’s economy which means if the financial sector of a country fails it ultimately pull to a nation’s economy down.

Top Financial Services companies in the world- Berkshire Hathaway, ICBC, China Construction Bank, Allianz etc.

4. Real Estate

Though Real Estate witnessed a huge downfall since covid pandemic hit the world, still it has secured 4^th position in the list of 10 biggest industries in the world.

Before the pandemic, commercial real estate was the industry that used to rule the global market. Still, this industry is providing huge employment globally and projected to rise as earlier in coming years.

Top real estate companies in the world– Brookfield Asset Management Canada, American Tower Corporation United States, Prologis United States, Crown Castle International United States, Simon Property Group United States etc.

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5. Insurance

The insurance industry is indeed a key module of the economy by the amount of premiums it collects, investment and more essentially, the indispensable economic and social role it spends by covering business and personal risks.

Insurers faced slowdown premium collections and declined sales after the covid-19 hit the world. We are probable to see 13 to 20% growth in coming years.

Top insurance companies in the world: United Health Group United States, Ping An Ins (Group) Co of China Ltd, Anthem, Inc. United States etc.

6. Information Technology

Our list of 10 biggest industries in the world is truly incomplete without Information Technology. IT industries helped businesses to survive when the world were facing huge health and financial crucial due to covid-19.

Quantum computing, augmented/virtual reality, SaaS and PaaS, robotics, AI applications, and data analytics are the major vendors that generate massive revenue for IT companies.

Top IT companies in the world: Microsoft Corporation, IBM, Accenture, Oracle, SAP, TCS, Delloite Consulting, Capgemini, Cognizant etc.

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7. Telecommunication

Telecommunication has secured 7^th position in the list of 10 biggest companies in the world. This industry is indeed a lifeline for many businesses and crowd working from home.

This trillion-dollar industry is rising at an alarming rate thanks to the massive demand of 5g network and internet accessibility.

Top telecommunication companies in the world: AT&T Inc, Verizon Communications Inc, Deutsche Telekom AG etc.

8. Automobile Manufacturing

Automobile manufacturing ranked 8th in the list of 10 biggest industries in the world as auto industry faced huge downfall up to 21% in 2020 due to manufacturing restrictions because of coronavirus outbreak. The restrictions were somehow lifted in 2021 and the industry is still struggling at some point due to covid restrictions in some countries.

Top automobile manufacturing companies in the world: Tesla Inc, BMW, Toyota Motor Corporation, Daimler AG etc.

9. Oil and Gas E&P

Companies that hold their specialization in extracting oil from sands or shale, crude petroleum exploration and hydrocarbon liquids recovery falls under oil and gas exploration and production industry.

The Global Oil & Gas Exploration & Production industry is projected to rise at a compound annual growth rate of 25.5%.

Top Oil and Gas companies in the world: Saudi Aramco, ExxonMobil, Chevron, Shell, PetroChina etc.

10. Food industry

Food industry has been ranked at number 10 in the list of 10 biggest industries in the world. These industries succeed to escape themselves from financial crisis during covid-19 pandemic thanks to online food delivery.

The global food and beverages market is projected to rise at a compound annual growth rate of 6.2%.

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