Top 12 Growing Industries in 2020

Derek Eige

Derek Eige About The Author

March 6, 2020 at 10:50 AM

Top 12 Growing Industries in 2020

During the first quarter of each new year, many business owners reflect on the successes and failures of the previous year to identify elements that are going well and areas in which they would benefit from making improvements. Studying trends across a variety of industries and ways that they can be applied to your business is a great way to keep up with the times and keep your business competitive within the larger picture of advancing modern technology.  Working with leading industries and learning about emerging industries can be beneficial for your business because it shows your customers that you are constantly searching for ways to boost the efficiency of your business. Here are 12 industries that we think you should pay close attention to in 2020. 

1. Transportation

Transportation

Strides are always being made in both personal and commercial aspects of the transportation industry. Amazon Flex works to speed up "the last mile" delivery by replacing USPS, FedEx, and UPS with Amazon delivery drivers. Also, electric Tesla vehicles are beginning to replace traditional gasoline with renewable resources. 

2. B2B Support 

B2B Support 

Scheduling and consulting services through B2B support are becoming more common as collaboration between businesses increases. Many businesses are beginning to look to large event planning companies to arrange their conferences, meetings, and other events, rather than organizing them themselves.

3. App Development, Website Developers, and Computer Services

App Development, Website Developers, and Computer Services

App and website development are expected to continue to grow exponentially in 2020 as new forms of technology pave the way for new services. Following Google and Amazon Prime's monumental moves to the Las Vegas area in 2019, significant growth in local career opportunities related to coding, programming, software support and development, app creation, and other computer services is expected. 

4. Health and Wellness

Health and Wellness

Improving health and fitness are goals for many people at the beginning of a new year, and modern trends are making them more convenient than ever. Wellness coaches, personal trainers, and in-home health professionals work one-on-one with clients to identify areas in which they can make changes to their lives and routines to achieve their goals. 

5. Storage

Storage

Personal and commercial storage is expected to increase in 2020. Trends in minimalism are encouraging many people to keep fewer items in their homes, while increases in commercial production boost the need for machinery and refrigerated storage.

6. Construction

Construction

Many new stadiums, arenas, casinos, and other large commercial properties are being built as older ones become outdated. The 2020 housing market will also continue its strong growth, as more people are expected to move to the Southern Nevada area than in 2019. 

7. Family Services 

Family Services 

Family services, such as adoption and foster care, are quickly becoming more common and accepted than they were in the recent past. As mental health becomes a less taboo topic, the awareness of the counseling industry has grown. Mental health advocates are working to lower the stigma of receiving counseling in an effort to combat the increasing mental health issues in many areas of the country.

8. Automated Guided Vehicles

Automated Guided Vehicles

Automated guided vehicles, or self-driving cars, were once predicted to hit the streets by 2020. While this prediction hasn't fully come true just yet, self-driving cars are still in the works and expected to make an appearance sometime this decade. 

9. Home Healthcare Services

Home Healthcare Services

In some situations, home healthcare services are beginning to replace traditional hospitalization and clinic visits. At-home physical therapy, hospice care, and other services increase convenience and add a personal level to many aspects of healthcare. 

10. Solar Power

Solar Power

Solar power is quickly becoming more common in an effort to boost sustainability, particularly in new and renovated buildings. Although going solar can be a pricey investment, the cost is likely to see a decrease in the near future as more and more people become interested in sustainable options.

11. Telehealth Services

Telehealth Services

Telehealth is an innovative form of healthcare that allows patients to receive certain types of diagnoses and treatments from home by communicating with a physician online. Patients use apps and online portals to share data with their healthcare providers, which can be particularly useful for patients that live in rural areas or otherwise have difficulty getting to regular appointments.

12. 3D Printing

3D Printing

3D printing has several advantages over traditional manufacturing, such as speed, cost, and ease of access. It also supports other sustainability efforts by utilizing materials that result in less waste. 

Stay in the Know

Every business can benefit from staying in the loop about the latest trends across a variety of industries. While your business may not be immediately affected by all of these emerging trends, the workforce as a whole is changing quickly. Being aware of new and advancing industries can help you be sure that your business is using the most modern technology available and advertising to those who are affected by the growth of those industries. 

By keeping an eye on the ways in which these twelve industries are changing the world of work, business owners can identify ways in which they can incorporate the most relevant trends to keep their business competitive. Whether you’re incorporating the new industry trends into your business, or looking to position yourself alongside them, consider partnering with a local media company. They can help to keep your advertising and marketing efforts aligned with the current and local industry trends in your community.

The Top 5 Mistakes to Avoid When Developing Your Next Commercial