The 12 Fastest Growing Industries In America

The economy is weak, unemployment is high, and everyone is in a funk.  But these 12 industries are plugging along quite nicely. In fact, they’re all growing at a rate of over 15%.

Sageworks, publishes an annual report on the state of 184 industries in America. This year, 94% of them posted growth. We have the leaders for you here in this post.

The pleasant surprise here is this— American manufacturing is not dead. Most of the fastest growing industries are in manufacturing, or they’re wholesalers of commodities in high demand.

Foundries- Up 17.76%

Factories that melt metal into castings.

Source: Census Bureau, Sageworks

Wholesale Electronic Markets and Agents and Brokers- Up 18.62%

Industries in the Wholesale Electronic Markets and Agents and Brokers subsector arrange for the sale of goods owned by others, generally on a fee or commission basis. They act on behalf of the buyers and sellers of goods. This subsector contains agents and brokers as well as business to business electronic markets that facilitate wholesale trade.

Source: Census Bureau, Sageworks

Rubber Product Manufacturing- Up 18.79%

The US plastic and rubber products manufacturing industry includes about 10,000 companies with combined annual revenue of $200 billion. Major companies include Berry Plastics, Cooper Tire & Rubber, Goodyear, Newell Rubbermaid, and Pactiv.

Source: Census Bureau, Sageworks

Freight Transportation Arrangement- 19.30%

This industry group comprises establishments primarily engaged in arranging transportation of freight between shippers and carriers. These establishments are usually known as freight forwarders, marine shipping agents, or customs brokers and offer a combination of services spanning transportation modes.

Source: Census Bureau, Sageworks

Petroleum and Petroleum Products Merchant Wholesalers- Up 19.91%

This industry comprises establishments primarily engaged in the merchant wholesale distribution of petroleum and petroleum products (except from bulk liquid storage facilities).

Source: Census Bureau, Sageworks

Machine Shops; Turned Product; and Screw, Nut and Bolt Manufacturing- Up 20.99%

This industry group comprises establishments primarily engaged in one or more of the following manufacturing activities:

  1. machine shops and/or
  2. turned products and screws, nuts, and bolts.

Source: Census Bureau, Sageworks

Motor Vehicle Parts Manufacturing- Up 21.72%

This U.S. industry comprises establishments primarily engaged in manufacturing and/or rebuilding motor vehicle parts and accessories.

Source: Census Bureau, Sageworks

Coating, Engraving, Heat Treating, and Allied Activities- Up 22.44%

This industry group comprises establishments primarily engaged in one or more of the following manufacturing activities:

  1. heat treating metals and metal products;
  2. enameling, lacquering, and varnishing metals and metal products;
  3. hot dip galvanizing metals and metal products;
  4. engraving, chasing, or etching metals and metal products (except jewelry; personal goods carried on or about the person, such as compacts and cigarette cases; precious metal products (except precious plated flatware and other plated ware); and printing plates);
  5. powder coating metals and metal products;
  6. electroplating, plating, anodizing, colouring , and finishing metals and metal products; and
  7. providing other metal surfacing services for the trade.

Included in this industry are establishments that coat engravings and heat treat metals and metal formed products fabricated elsewhere.

Source: Census Bureau, Sageworks

Cattle Ranching and Farming- Up 22.79%

This subsector comprises establishments, such as ranches, farms, and feedlots primarily engaged in keeping, grazing, breeding, or feeding animals

Source: Census Bureau, Sageworks

Resin, Synthetic Rubber, and Artificial Synthetic fibres and Filaments Manufacturing- Up 24.49%

This industry group comprises establishments primarily engaged in one or more of the following manufacturing activities:

  1. resins and synthetic rubber and
  2. artificial and synthetic fibres and filaments.

Source: Census Bureau, Sageworks

Forging and Stamping- Up 26.24%

This industry comprises establishments primarily engaged in one or more of the following: (1) manufacturing forgings from purchased metals; (2) manufacturing metal custom roll forming products; (3) manufacturing metal stamped and spun products (except automotive, cans, coins); and (4) manufacturing powder metallurgy products

Source: Census Bureau, Sageworks

Metal and Mineral Wholesalers- Up 28.05%

This Industry Group comprises establishments classified in the following Industries: Metal Service centres and Other Metal Merchant Wholesalers, Coal and Other Mineral and Ore Merchant Wholesalers.

Source: Census Bureau, Sageworks

You've seen the winners, now check out the losers

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.