12 Fastest-Growing Industries in the US
By Indeed Editorial Team
Updated November 23, 2022 | Published February 25, 2020
Updated November 23, 2022
Published February 25, 2020
The Indeed Editorial Team comprises a diverse and talented team of writers, researchers and subject matter experts equipped with Indeed's data and insights to deliver useful tips to help guide your career journey.
Most job candidates are looking to find positions in stable and successful industries. Holding a job in a fast-growing industry can provide you with a higher salary, increased job stability and more career advancement opportunities. If you are hoping to find a job in an exciting field, you need to know which industries in the United States are experiencing the fastest growth rates. In this article, we look at the 12 fastest-growing industries in the U.S.
Read more: What Are the Main Job Sectors in the U.S.?
12 top-growing industries in the U.S.
Fast-growing industries can offer competitive salaries for a wide range of job opportunities. Here are the top 12 fastest-growing industries in the U.S.:
1. Information technology
Individuals who work in the IT industry test, assess and maintain network and internet systems. Some of the fastest-growing positions in this field are related to computer support, such as a computer support specialist at a help desk. The Bureau of Labor Statistics estimates IT occupations like these to grow by 12% over the next decade, due to the need for support services as individuals and organizations replace and update their computer software and equipment.
The construction industry is responsible for clearing landscapes and constructing buildings safely and efficiently. The fastest-growing type of construction is related to heavy civil engineering, which involves land drainage, space improvement and dredging. The growth of this industry is likely tied to an increase in community improvement projects and the development of urban areas across the country. Construction workers can expect to see an 11% employment rate increase before 2028, according to the BLS.
3. Drink manufacturing
Drink manufacturing involves the design and creation of beverage products, both nonalcoholic and alcoholic. Beverage industry facilities include soft drink factories, distilleries, breweries and wineries. The number of companies that produce beverages continues to grow as the demand increases and more small businesses invest in this industry. The BLS estimates that sales professionals associated with drink manufacturing will see a 5% increase in employment by 2028.
4. Personal services
Professionals in this industry provide a wide range of services, including for dating, wedding planning, pet care and parking assistance. Additionally, as people in the U.S. start to follow busier schedules, they're more likely to opt for personal services such as food delivery, childcare and beauty treatments. The BLS predicts that personal services professionals can expect a 17% increase in employment rate before 2028.
5. Direct retail
The direct retail industry is responsible for the sale and delivery of manufactured products. Examples of specific products include newspapers, gasoline, food and bottled water. As product transportation becomes quicker and more efficient, more people are ordering products to be delivered directly to their homes. The employment rate for delivery personnel is expected to increase by 2% before 2028, according to the BLS.
Related: 15 Retail Jobs That Pay Well
6. Finishing contracting
Finishing contracting involves specialty construction trades, including installing drywall, painting and flooring. As the housing and construction industries grow, the need for skilled tradespeople also increases. The demand for finishing professionals will remain high as more people and companies can afford to build houses. According to the BLS, the employment rate for carpenters will grow by 8% before 2028, while the rate for painters will increase by 6%.
7. Real estate
The real estate industry involves the buying and selling of houses and other residential buildings. The prices of houses have increased in recent years, causing real estate professionals' commissions to also grow. The speed at which houses sell has also increased, which allows real estate agents to increase the number of clients they work with in a single year. The BLS predicts that real estate professionals, including agents and brokers, will see a 7% increase in employment by 2028.
The trucking industry is responsible for transporting goods of all types across the country by road. In recent years, a shortage of truck drivers has caused an increase in the average salary for other trucking professionals. Trucking companies that are equipped to move specialty freight, such as livestock, automobiles and chemicals, have also experienced accelerated growth. The BLS estimates that truck drivers will experience a 5% employment rate increase by 2028.
9. Architectural engineering
Architectural engineering involves drafting, surveying, building inspection and similar services. The growing success of this industry is also closely tied to the recent increase in the construction of housing and other buildings. The demand for architects and other construction engineers should remain stable for as long as the economy continues to improve. The employment rate for architects is expected to grow by 8% before 2028, according to the BLS.
Healthcare professionals are responsible for diagnosing and addressing health-related issues and providing health advice. Outside the hospital, the healthcare industry also involves pharmaceuticals, therapy, dental care, mental health care and other critical services. The demand for healthcare is always high due to the prevalence of disease and injuries, along with an aging population that needs proper care. According to the BLS, doctors will see a 7% employment rate increase before 2028, while nurses can expect a 12% growth rate.
11. Financial services
The financial services industry involves managing financial accounts and activities on behalf of clients. Examples of financial services include accounting, billing, auditing and bookkeeping. Recent developments in technology are partially responsible for the growth of this industry since financial professionals can now assist clients using the internet and specialized software. According to an estimate from the BLS, financial professionals such as accountants and auditors are expected to experience a 6% increase in employment by 2028.
The transportation industry is responsible for transporting passengers and cargo by land, sea or air. Transportation involves a range of vehicles, including trucks, cars, buses, airplanes, trains and ships. This industry is growing because as different countries become more globalized, people will need more reliable and consistent transportation. The BLS estimates that the employment rate for airplane pilots will increase by 6% before 2028.
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