Get ready for some surprising revelations! According to projections, the biggest industry by employment in 2023 will be Global Consumer Electronics Manufacturing, with a whopping 17,518,424 people employed. Other industries that will have a significant number of employees include Global Commercial Real Estate, Global Fast Food Restaurants, Global HR & Recruitment Services, and Global Apparel Manufacturing. These industries are crucial to the global economy and are expected to continue evolving to meet the changing demands of consumers and businesses. Exciting times ahead!
Previously in the article, we discussed the top five largest industries in the world, and we discovered that they are all critical to the global economy. In this section, we will take a closer look at some of the biggest industries by employment in 2023.
First on the list is Global Consumer Electronics Manufacturing, which is projected to employ 17,518,424 people. This industry is responsible for the production of various electronic devices such as smartphones, laptops, and televisions, among others. With the continuous advancement of technology, this industry is expected to grow even more in the coming years.
Next up is Global Commercial Real Estate, which is estimated to employ 17,164,710 people. This industry involves the buying, selling, and leasing of commercial properties such as office buildings, warehouses, and retail spaces. The demand for commercial real estate is expected to increase as businesses continue to expand and require more space.
Third on the list is Global Fast Food Restaurants, which is projected to employ 13,458,146 people. This industry is responsible for the production and sale of fast food items such as burgers, fries, and pizza, among others. With the busy lifestyle of people nowadays, fast food restaurants are becoming more popular, and this industry is expected to continue to grow.
Fourth is Global HR & Recruitment Services, which is estimated to employ 10,436,002 people. This industry involves the hiring and management of employees for various companies. As more businesses continue to grow, the demand for HR and recruitment services is expected to increase.
Last but not least is Global Apparel Manufacturing, which is projected to employ 9,926,750 people. This industry is responsible for the production of clothing and accessories, including shoes, bags, and jewelry. With the increasing demand for fashion items, this industry is expected to continue to grow.
Other notable industries with significant employment include Global Hotels & Resorts, Global Coal Mining, and Global Tourism.
In conclusion, these industries are all critical to the global economy and provide employment opportunities for millions of people worldwide. As we continue to advance technologically and socially, we can expect these industries to grow and evolve to meet the changing demands of consumers and businesses alike.
References for « What are the 5 largest industries in the world? »
- IBISWorld: Global Most Profitable Industries
- WorldAtlas: Which Are The Biggest Industries In The World?
- Statista: Largest global industries by revenue
- Visual Capitalist: The World’s Largest Industries in 2021
- Investopedia: World’s Top 10 Industries
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