What are the 2019 fastest growing industries in the US? US economic growth continues its strong pace, with 3rd Quarter 2019 Gross Domestic Product (GDP) increasing by 1.9%. This follows the 2nd Quarter GDP growth of 2.0%. The United States Department of Commerce Bureau of Economic Analysis attributes this growth to several factors, including:
- Federal Government Spending
- Personal Consumption/Consumer Spending
- Residential Fixed Investment
- State and Local Government Spending
Several industries act as growth engines for the US economy. The 2019 fastest growing industries in the US reflect the impact of technology as well as broad social trends. IbisWorld reports that the top 10 as measured by revenue growth include:
- Massage Business Franchises
- Social Networking Platforms
- Solar Power Installation and Production
- Wind Turbine Installation
- Online Mortgage Brokers
- Peer-to-Peer Lending Platforms
- Automated Guided Vehicle Manufacturing
- Medical and Recreational Marijuana Farms
- Recreational and Medical Marijuana Retail Stores
- Telehealth Services
What Trends Drive the 2019 Fastest Growing Industries?
Several trends drive the 2019 fastest growing industries. The “Fourth Industrial Revolution” reflects the impact on systems of a digital transformation. As a result, this transformation is changing work, jobs, and economies at an increasing pace. This revolution fuses technologies across biological, digital, and physical spheres.
Highlight on Automated Guided Vehicle Manufacturing
Automated guided vehicles (AGVs) are vehicles used in industrial settings to move materials or perform tasks. Computers guide these autonomous vehicles, not humans, and they derive power from a battery or electric motor. Typical applications include carrying heavy loads, towing loads across warehouse floors, and fork lifting materials or pallets.
The top 20 AGV manufacturers include several with US locations, such as:
Dematic (Atlanta, GA)
Hyster & Yale (Cleveland, OH)
JBT (Chicago, IL)
Konecranes (Springfield, OH)
Kuka Assembly and Test Corporation (Saginaw, MI)
Transbotics – A Scott Company (Charlotte, NC)
Universal Robots (Boston, MA-US HQ)
What Should Job Seekers do About the 2019 Fastest Growing Industries?
Job seekers should investigate the 2019 fastest growing industries opportunities. A number of resources are available to learn about jobs in the AGV Industry. Professional networks such as Linkedin often have helpful information on companies and contacts. Job seekers may want to focus on a specific location such as Charlotte or Cleveland, and then identify specific employers to target their job preferences. Job seekers should utilize professional career services to enhance their job search and achieve success in their career objectives.
What Should Employers in the 2019 Fastest Growing Industries do?
Employers in the 2019 fastest growing industries should examine their employment needs as economic growth fosters competition for job seekers with requisite skills and training. They should review their relocation program to determine if it benefits their talent acquisition goals and corporate objectives. Employers should work with a Relocation Management Company that has the knowledge and expertise to help them design a relocation program that promotes talent acquisition.
GMS has recently published several Industry Benchmarking Studies that will help employers in the 2019 fastest growing industries learn whether their company’s relocation program is designed following industry-specific best practices. There are many benefits to a corporate relocation policy benchmarking. For example, employers can learn how they can ensure their competitiveness in their industry to attract and retain talent with the highest level of skills and experience.
Industry best practice is to schedule a relocation program and policy review every 12 to 18 months to ensure your company maintains its competitive position. This review will also help your company learn about how the relocation industry is evolving to meet increased employee demands, especially with regard to the 2019 fastest growing industries.
GMS’ team of corporate relocation experts has helped thousands of our clients develop hiring and recruiting programs to attract highly skilled job seekers. Our team can help your company determine how to attract job seekers looking for employment opportunities in any of the 2019 fastest growing industries.
GMS was the first relocation company to register as a .com. The company also created the first online interactive tools and calculators, and revolutionized the entire relocation industry. GMS continues to set the industry pace as the pioneer in innovation and technology solutions with its proprietary MyRelocation™ technology platform.
Global Mobility Solutions is proud to be named and ranked #1 Overall, and #1 in Quality of Service by HRO Today’s 2019 Baker’s Dozen Customer Satisfaction Survey.
Contact our experts online to discuss your company’s recruiting, hiring, and relocation program needs as they relate to the 2019 fastest growing industries, or give us a call at 800.617.1904 or 480.922.0700 today.